Question: 29. An auditor concludes that there is substantial doubt about a client's ability to continue as a going concern. If the client's financial statements adequately
29. An auditor concludes that there is substantial doubt about a client's ability to continue as a going concern. If the client's financial statements adequately disclose its financial difficulties, which one of the following opinions should the auditor issue? (Hint: think carefully about the fact that the client's financial statements adequately disclose its financial difficulties). a. The auditor should issue a disclaimer opinion. b. The auditor should issue a qualified opinion. c. The auditor should issue an unqualified opinion. The auditor should issue a qualified opinion and add an explanatory paragraph detailing the isues angto the going concem judgment. d
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
