When a Client Has a Going Concern Issue

question 42

Multiple Choice

When a client has a going concern issue, .AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern requires an _______.

• A)emphasis-of-matter paragraph be added to the unmodified report, before the opinion paragraph
• B)an emphasis-of-matter paragraph be added to the unmodified report, after the opinion paragraph
• C)an explanatory paragraph be added to the unmodified report, after the opinion paragraph
• D)an explanatory paragraph be added to the unmodified report, before the opinion paragraph

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Definitions:

Panic Disorder

A mental health condition characterized by sudden and repeated attacks of intense fear and discomfort, accompanied by physical symptoms such as heart palpitations and dizziness.

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Bipolar Disorder

A psychological disorder marked by severe fluctuations in mood, ranging from manic or hypomanic episodes to depressive lows.

Manic Phase

A period of abnormally elevated mood, energy and activity levels, often associated with bipolar disorder.