When the Auditor Concludes That There Is Substantial Doubt About

question 167

Multiple Choice

When the auditor concludes that there is substantial doubt about the entity's ability to continue as a going concern, the appropriate audit report could be I. an unmodified opinion audit report with an explanatory paragraph.
II) a disclaimer of opinion.

• A) I only
• B) II only
• C) I or II
• D) Neither I nor II

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Definitions:

Free Trade

An economic policy that allows imports and exports between countries with minimal or no barriers to trade.

Domestic Consumption

The total demand for goods and services within a country, excluding those goods and services that are exported.

Domestic Production

The creation of goods and services within a country's borders.

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or duties.