The standard version of the audit report does NOT state that:
A) the financial statements are the responsibility of management.
B) the auditor's responsibility is to express an opinion on the financial statements.
C) the company will remain a going concern.
D) the financial statements give a true and fair view.

Question

Quizplus · Accepted Answer

Although the auditor has a responsibility to assess whether there is substantial doubt about a company's ability to continue as a going concern, the standard version of the audit report does not explicitly state whether or not the company will remain a going concern. The other three statements are typically included in the standard audit report.

The Standard Version of the Audit Report Does NOT State