Examlex
Green, CPA, concludes that there is substantial doubt about JKL Co.'s ability to continue as a going concern. If JKL's financial statements adequately disclose its financial difficulties, Green's auditor's report should:
Mistake Of Fact
A misunderstanding of a fact that is material to a contract, which can render the agreement voidable if the mistake is mutual between both parties.
Legal Assent
The agreement or consent to the terms of a contract, recognizing that all parties understand and accept the conditions as legally binding.
Fraudulent Misrepresentation
A false statement of a material fact made by one party to another party, which has the intent to deceive and induce the other party to enter into a contract.
Disclaimer
A statement that denies something, especially responsibility or a warranty in a contractual context.
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