Uncertainties,such as doubt about the going concern of a client,may result in an adverse opinion.

Name: Uncertainties,such as doubt about the going concern of a client,may result in an adverse opinion.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Uncertainties like doubt about the going concern of a client typically result in either a qualified opinion or an emphasis of matter paragraph in the audit report, not necessarily an adverse opinion. An adverse opinion is given when the financial statements are materially misstated.

Uncertainties,such as Doubt About the Going Concern of a Client,may