Question: An auditor concludes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. If

An auditor concludes that there is substantial doubt about an entity's

An auditor concludes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. If the entity's financial statements adequately disclose its financial difficulties, the auditor's report is required to include an explanatory paragraph that specifically used the phrase(s) A. "Reasonable period of time, not to exceed one year" and "going concern". B. "Reasonable period of time, not to exceed one year" but not "going concern". C. "Going concern" but not "reasonable period of time, not to exceed one year". D. Neither "going concern" not "reasonable period of time, not to exceed one year

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