An auditor expresses a going concern opinion when:

a) there is significant doubt as to whether the company will be able to pay its debts as they come due.

b) management has failed to establish proper internal controls to ensure fraudulent activities are not occurring.

c) the companys stock price is too high relative to the underlying valuation of business operations.

d)a material error has been found in the financial statements that is likely to mislead investors and creditors.