If there is concern that a company might not continue in existence, but the auditor has concluded that the financial statements are fairly presented, the opinion that will be issued is a(n) ________.
A) disclaimer of opinion
B) unqualified opinion with explanatory paragraph
C) adverse opinion
D) qualified opinion

Question

Quizplus · Accepted Answer

An unqualified opinion with an explanatory paragraph is issued when the financial statements are fairly presented, but there is a concern about the company's ability to continue as a going concern.

If There Is Concern That a Company Might Not Continue