If Substantial Doubt Remains About Going Concern for a Client

question 29

Multiple Choice

If substantial doubt remains about going concern for a client at the end of the audit,then which of the following reports should the auditor typically issue?

• A)Issue an unqualified audit report.
• B)Issue an unqualified audit report with an explanatory paragraph.
• C)Issue a qualified report.
• D)Issue an adverse report.

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Definitions:

Lens

A curved piece of glass or other transparent materials used in devices like glasses, cameras, and microscopes to focus light rays.

Extrasensory Perception

The claimed ability to obtain information without the use of known sensory processes or physical interaction.

Sensory Organs

Specialized organs of the body that are designed to receive and process sensory information, such as eyes for vision and ears for hearing.

Weber's Constant

A principle in psychophysics stating that the smallest perceptible change in a stimulus is proportional to the original intensity of the stimulus.