Which of the following requires an explanatory paragraph in the independent auditors' report?
A) Basing the opinion on the work of another auditor.
B) Uncertainties about the outcome of a significant event that would have affected the presentation of the financial statements.
C) Substantial doubt about the entity's viability to continue as a going concern.
D) None of these.
E) Basing the opinion on the work of another auditor, uncertainties about the outcome of a significant event that would have affected the presentation of the financial statements and substantial doubt about the entity's viability to continue as a going concern are correct.
Correct Answer:
Verified
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