Question 13

• When an auditor has concluded that there is substantial doubt about whether the Companys ability to continue as a going concern, what type of Audit Report will be issued?

I.	Adverse.
II.	Qualified, with an explanatory paragraph.
III.	Unqualified, with an explanatory paragraph
IV.	Qualified with an emphasis of matter paragraph, due to inconsistent application of GAAP.
V.	Unqualified.

Question 14

• When would an auditor issue an Adverse Opinion?

I.	When the client has restricted the scope of the audit.
II.	When the financial statements contain a pervasive and material unjustified departure form GAAP.
III.	When the auditor has concluded there is a substantial doubt about whether the Companys ability to continue as a going concern.
IV.	Never.

Question 15

• Companies that are required to register their equity and or debt securities with the Securities and Exchange Commission under the Securities Exchange Act of 1934 are required to file

I.	Annual reports on Form 10-K.
II.	Quarterly reports on Form 10-Q.
III.	Both Form 10-K and Form 10-Q.
IV.	Filing such reports is optional but preferable