If, after considering identified conditions and management's plans, the auditor concludes that substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time remains, the audit report is usually a qualified audit opinion with an explanatory paragraph about the uncertainty (following the opinion paragraph) to reflect that conclusion.

Question

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The auditor may issue an unmodified opinion with an emphasis-of-matter paragraph added to highlight the going concern uncertainty, or if the going concern disclosures are inadequate, a qualified or adverse opinion might be issued, but the emphasis is not typically on qualifying the opinion solely due to going concern doubts.

If, After Considering Identified Conditions and Management's Plans, the Auditor