Wahroonga Homes Limited borrowed significantly in 2021 to develop apartments on several sites on the Pacific Highway in Turramurra, in Sydney's north. The recent quietening of the Sydney property market has required Wahroonga Homes to reduce prices of its apartments as they have not been selling as quickly as had been anticipated. A major debt repayment is due 3 months after year end and as very few apartment sales have settled there is unlikely to be sufficient cash available to make the debt repayment. The directors' declaration and the notes to the accounts do not adequately disclose the situation. In light of this, the most appropriate audit repot you should issue is: 

A. Unqualified opinion with a Material uncertainty related to going concern paragraph.

B. Unqualified opinion with an Emphasis of matter paragraph.

C. Qualified.

D. Adverse.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below In this situationthe most appropriate audit report for Wahroonga Homes Limited would be C ... View the full answer