When a client has a going concern issue, _______.
A)AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern requires an emphasis-of-matter paragraph be added to the unmodified report, after the opinion paragraph
B)AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern requires an emphasis-of-matter paragraph be added to the unmodified report, before the opinion paragraph
C)the auditor must notify the Securities and Exchange Commission (SEC) within ten business days
D)the auditor should recommend a potential acquirer

Question

Quizplus · Accepted Answer

AU-C 570 requires an emphasis-of-matter paragraph to be added to the auditor's report to draw attention to the entity's ability to continue as a going concern. This paragraph is added after the opinion paragraph in the unmodified report.

When a Client Has a Going Concern Issue, _______