When There Is Material Uncertainty About an Auditee's Ability to Continue

question 46

True/False

When there is material uncertainty about an auditee's ability to continue as a going concern is doubtful, and the issue has been fully disclosed in the notes to the financial statements, the auditor should issue a qualified report with a paragraph drawing attention to the going concern issue.

---

Definitions:

Convenience Product

A consumer product that is widely available and easy to purchase, typically characterized by frequent purchase with minimal buying effort and comparison.

Lay's Potato Chips

A popular brand of potato chips known for their variety of flavors, owned by the Frito-Lay company.

Audi Q8

A luxury crossover SUV manufactured by the German automaker Audi, known for its advanced technology and spacious interior.

Apple Airpods

A brand of wireless Bluetooth earbuds developed and manufactured by Apple Inc., known for their integration with Apple's ecosystem of devices.