When a client has a going concern issue, _______. A. The Auditors Consideration of an Entitys Ability

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Question:

When a client has a going concern issue, _______.

A. The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern requires an emphasis-of-matter paragraph be added to the unmodified report, before the opinion paragraph

B. the auditor must notify the Securities and Exchange Commission (SEC) for pubic company audit and AICPA for private company audit within ten business days

C. As a value added service provider and as a knowledgeable and trusted advisor the auditor should recommend management to seek out potential acquirers before its too late (i.e. before audit report release date).

D. The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern requires an emphasis-of-matter paragraph be added to the unmodified report, after the opinion paragraph