With Respect to Management's Disclosure Required for Going Concern Issues

question 108

Multiple Choice

With respect to management's disclosure required for going concern issues, _______.

• A)if management determines that the disclosure is fairly presented in accordance with the applicable financial reporting framework, then an unmodified auditor's report can still be issued
• B)if auditors determine that the disclosure is fairly presented in accordance with the applicable financial reporting framework, then an unmodified auditor's report can still be issued
• C)the auditor should advise management that they are now unable to issue an unmodified audit opinion
• D)the auditor should advise management that they are now unable to issue a modified audit opinion

---

Definitions:

Leadership Processes

These are the actions, behaviors, and practices leaders engage in to influence the motivation, attitudes, and behaviors of others to achieve organizational goals.

Empowerment

The process of granting employees the authority, confidence, and resources to take initiative and make decisions within their roles.

Advantages

The conditions or circumstances that put someone or something in a favorable or superior position.

Risks

Potential events or conditions that could lead to a negative outcome affecting objectives.