An independent auditor must consider whether the auditee has the ability to continue as a going concern.If a substantial doubt exists but disclosure is adequate and no other basis exists for modifying the report,the auditor should ________.
A)disclaim an opinion.
B)express an adverse opinion.
C)qualify the opinion.
D)express an unqualified opinion.

Question

Quizplus · Accepted Answer

If the auditor determines that while a substantial doubt exists but disclosure is adequate and no other basis exists for modifying the report, the auditor should express an unqualified opinion. This is because the financial statements are fairly presented despite the going concern issues.

An Independent Auditor Must Consider Whether the Auditee Has the Ability