If the external auditor believes the client has adequately responded to its going concern issues, and the
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If the external auditor believes the client has adequately responded to its going concern issues, and the client has disclosed the issues in the financial statements, the auditor Group of answer choices must add an explanatory paragraph in the audit report following the opinion paragraph and qualify the audit report due to the uncertainties. should add an explanatory paragraph in the audit report following the opinion paragraph. must not add an explanatory paragraph in the audit report because the client has disclosed the issue. must add an explanatory paragraph in the audit report before the opinion paragraph.
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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