Typically, When a Going Concern Issue Exists the Auditor Should

question 38

Multiple Choice

Typically, when a going concern issue exists the auditor should:

• A) Issue an unmodified opinion with an emphasis-of-matter paragraph
• B) Issue a modified opinion and explain the reasons for the going concern issue
• C) Issue a disclaimer of opinion
• D) Withdraw from the engagement

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Definitions:

Conjunctive Adverbs

Words that connect two independent clauses together, providing cohesion by explaining how the two parts relate in terms of comparison, contrast, sequence, or cause-effect.

Punctuated Correctly

Written with all necessary punctuation marks in place, ensuring clarity and proper understanding.

Cluttered and Messy

Describes a state or condition where an area, room, or space is disorganized and filled with an excessive amount of items, making it difficult to navigate or use efficiently.

Conjunctions

Words used to connect clauses, sentences, or other words, such as "and," "but," and "or."