Some auditors may be reluctant to issue a going-concern audit opinion because it may hasten the failure of the client company.

Question

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Some auditors may fear that issuing a going-concern opinion could harm the company's reputation and make it more difficult for them to attract and retain clients. Additionally, it could lead to a loss of revenue for the auditor if the company is unable to continue as a going concern and goes out of business. However, it is important for auditors to maintain their independence and professional skepticism in order to accurately reflect the financial position and viability of the company in their audit reports.

Some Auditors May Be Reluctant to Issue a Going-Concern Audit