If There Is Concern That a Company Might Not Continue

question 80

Multiple Choice

If there is concern that a company might not continue in existence,but the auditor has concluded that the financial statements are fairly presented,the opinion that will be issued is a(n) ________.

• A)disclaimer of opinion
• B)unqualified opinion
• C)adverse opinion
• D)qualified opinion

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Definitions:

Infant Amnesia

Refers to the inability of adults to retrieve episodic memories (memories of situations or events) from before the age of 2–4 years.

Infant Amnesia

The inability of adults to recall personal experiences from the first few years of life, also known as childhood amnesia.

Maturation

The process of becoming mature, involving growth and development in the physical, mental, or emotional faculties.

Language Development

The process by which children and adults acquire and improve their ability to perceive, comprehend, and produce language.