Question: When an auditor concludes there is substantial doubt about a continuing audit clients ability to continue as a going concern for a reasonable period of
When an auditor concludes there is substantial doubt about a continuing audit clients ability to continue as a going concern for a reasonable period of time, the auditors responsibility is to A. Reissue the prior years auditors report and add a separate paragraph that specifically refers to substantial doubt and going concern. B. Express a qualified or adverse opinion, depending upon materiality, due to the possible effects on the financial statements. C. Consider the adequacy of disclosure about the clients possible inability to continue as a going concern. D. Report to the clients audit committee that managements accounting estimates may need to be adjusted.
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