The Auditors Have Determined That There Is Substantial Doubt About

question 11

Multiple Choice

The auditors have determined that there is substantial doubt about an entity's ability to continue as a going concern.When considering the appropriateness of management's disclosures and severity of the uncertainty,all of the following reports could be issued,except

• A) qualified opinion based on a material and pervasive uncertainty.
• B) unmodified opinion with an emphasis-of-matter paragraph describing the uncertainty.
• C) adverse opinion based on inadequate disclosure of the uncertainty.
• D) disclaimer of opinion based on a material and pervasive uncertainty.

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Definitions:

Executive Branch

The branch of government responsible for enforcing laws and day-to-day management of the nation.

Legislative Branch

A division of government primarily responsible for making laws.

Privative Clause

A legal provision in a statute that limits the ability of courts to review decisions made by administrative bodies or officials.

Certiorari

A writ or order by which a higher court reviews a decision of a lower court.