Question: When performing an audit, the auditor concludes that the clients financial statements are presented fairly and in accordance with GAAP. However, after considering all relevant

When performing an audit, the auditor concludes that the clients financial statements are presented fairly and in accordance with GAAP. However, after considering all relevant factors, the auditor also concludes that there is substantial doubt about the entitys ability to continue as a going concern for a reasonable period of time. Which of the following audit opinions should the auditor issue?

A) Adverse

B) Disclaimer

C) Unqualified

D) Qualified

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!