An auditor has found that the client is suffering financial difficulty and that the goingconcern status is

Question:

An auditor has found that the client is suffering financial difficulty and that the goingconcern status is seriously in doubt. The client has not placed good disclosures in the financial statements. Which of the following audit report alternatives must the PA choose?

a. Unqualified report with a going-concern explanatory (EOM) paragraph

b. Disclaimer of opinion

c. Qualified opinion or adverse opinion

d. Standard unqualified report

Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...

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