When the Auditor Concludes That There Is Substantial Doubt About

question 40

Multiple Choice

When the auditor concludes that there is substantial doubt about the entity's ability to continue as a going concern, and this has been adequately disclosed in the financial statements, the appropriate audit report is:

• A) an adverse opinion with an emphasis of matter section.
• B) a qualified opinion with an emphasis of matter section.
• C) an unmodified opinion with no emphasis of matter section.
• D) an unmodified opinion with an emphasis of matter section.

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Definitions:

Genetic Inheritance

The process through which genes and traits are passed down from parents to their offspring.

Creativity

The ability to produce original and valuable ideas or objects; involves thinking or approaching problems in novel ways.

Novel Ideas

New, original, and unique concepts or thoughts that have not been previously considered.

Socially Valued

Regarded with respect and worth by society, often because of contributing positively to communal goals or standards.