The Financial Report of Fast Dollar Ltd Indicates That There

question 15

Multiple Choice

The financial report of Fast Dollar Ltd indicates that there may be some going concern problems.However, the auditor concludes, based on mitigating factors, that the client will most likely continue as a going concern during the next year.The mitigating factors are adequately disclosed in the accounts.What type of audit opinion should the auditor express?

• A)Disclaimer of opinion.
• B)Unmodified opinion.
• C)Qualified or adverse opinion.
• D)Unmodified opinion with a Material Uncertainty Related to Going Concern paragraph.

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Definitions:

Allergic Reaction

An immune response to a substance (allergen) that results in symptoms such as itching, swelling, and difficulty breathing.

IgE

Immunoglobulin E, a class of antibodies produced by the immune system in response to allergens.

Naturally Acquired Active

refers to immunity developed through exposure to the natural occurrence of a pathogen, leading to the formation of memory cells and antibodies without vaccination.

Exposure

Contact with something (like chemicals, radiation) or the state of being exposed, particularly in a context where it may cause harm or disease.