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.

Question

Quizplus · Accepted Answer

If substantial doubt remains about going concern for a client at the end of the audit, then the auditor would issue an unqualified audit report with an explanatory paragraph to disclose the uncertainty about the client's ability to continue as a going concern. This would be done to ensure that the financial statement users are aware of the uncertainty and can make informed decisions about the client's financial position. A qualified report or adverse report would be issued if the auditor concludes that the client cannot continue as a going concern.

If Substantial Doubt Remains About Going Concern for a Client