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

An auditor concludes that there is substantial doubt about an entitys ability to continue as a going concern for a reasonable period of time. The entitys financial statements adequately disclose its financial difficulties. Under these circumstances, the auditors report is required to include an emphasis-of-matter paragraph that specifically uses the phrase(s)

Except for the effects of such adjustments

Possible discontinuance of the entitys operations

Yes

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