Question: When the auditor concludes that there is substantial doubt about the entity's ability to continue as a going concern, the appropriate audit report could be

When the auditor concludes that there is substantial doubt about the entity's ability to continue as a going concern, the appropriate audit report could be

I. an unmodified opinion audit report with an explanatory paragraph.

II, a disclaimer of opinion.

A. I only

B. II only

C. I or II

D. Neither I nor II

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!