An Independent Auditor Has Concluded That Substantial Doubt Remains About

question 42

Multiple Choice

An independent auditor has concluded that substantial doubt remains about a nonpublic client's ability to continue as a going concern,but the client's financial statements have properly disclosed all of its solvency problems.The auditor would probably issue a(an) :

• A)Unmodified opinion with an appropriate emphasis-of-matter paragraph.
• B)"Except for" qualified opinion.
• C)Standard unmodified opinion.
• D)Adverse opinion.

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Definitions:

Parietal Bones

Paired bones in the human skull forming the sides and roof of the cranium.

Endochondral Ossification

The process by which growing cartilage is systematically replaced by bone to form the growing skeleton, mostly in long bones.

Sphenoidal Fontanel

An area on the skull where bones have not yet fused, specifically located at the junction of the sphenoid, temporal, and parietal bones; often closes early in life and may not be present in all individuals.

Fetal Skull

The bony structure forming the head of the fetus, comprising several soft spots (fontanelles) that allow for growth and flexibility during birth.