Question: When an auditor concludes there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time, the

When an auditor concludes there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time, the auditor's responsibility is to:

Multiple Choice

prepare prospective financial information to verify whether management's plans can be effectively implemented.

project future conditions and events for a period of time not to exceed one year following the date of the financial statements.

issue a qualified or adverse opinion, depending upon materiality, because of the possible effects on the financial statements.

consider the adequacy of disclosure about the entity's possible inability to continue as a going concern.

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