If the Auditor Concludes That It Is Highly Improbable That

question 21

Multiple Choice

If the auditor concludes that it is highly improbable that the client will continue as a going concern, the auditor should, in accordance with ASA 700:

• A) issue a disclaimer of opinion.
• B) issue an unqualified report but explain the concerns in the opinion paragraph.
• C) include an emphasis of matter section in the audit report.
• D) express an adverse opinion.

---

Definitions:

Multiple Chronic Illnesses

The condition of having two or more chronic diseases simultaneously.

Middle-Aged Adults

Individuals typically between the ages of 40 and 65, often experiencing transitions in health, work, and family roles.

"Sandwich" Generation

Adults who are simultaneously caring for their aging parents and their own children, feeling "sandwiched" between these responsibilities.

Adult Daycare

A service providing supervised care and social opportunities for elderly or disabled adults during the day.