The auditor, concluding that substantial doubt does not exist, usually decides to disclose all of the following except:
A) possible discontinuance of operations.
B) the possible effects of pertinent conditions and events.
C) information about the recoverability or classification of recorded expense amounts or the amounts or classification of income amounts.
D) management's plans.
E) management's evaluation of the significance of pertinent conditions and events and any mitigating factors.

Question

Quizplus · Accepted Answer

Explanation: The auditor's focus when substantial doubt does not exist is on the entity's ability to continue as a going concern. Disclosures typically include management's plans, evaluation of conditions and events, and possible effects of these conditions and events. Information about the specific recoverability or classification of recorded expense amounts or the amounts or classification of income amounts is more detailed and specific than what is usually disclosed in this context.

The Auditor, Concluding That Substantial Doubt Does Not Exist, Usually