If Substantial Doubt Remains About Going Concern for a Client

question 54

Multiple Choice

If substantial doubt remains about going concern for a client at the end of the audit,then the auditor would do which of the following?

• A)issue an unqualified audit report.
• B)issue an unqualified audit report with an explanatory paragraph.
• C)issue a qualified report.
• D)issue an adverse report.

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Definitions:

Conditioned Stimulus

An initially impartial stimulus which, upon association with an unconditioned stimulus, gradually brings about a conditioned response.

Unconditioned Stimulus

A stimulus that naturally triggers a reflexive response without the need for prior learning.

Stimulus Generalization

A learning process in which the conditioned response is evoked by stimuli that are similar to the conditioned stimulus.

Conditioned Response

A learned response to a previously neutral stimulus that becomes associated with a conditioned stimulus.