An auditor concludes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. If the entity's disclosures concerning this matter are adequate, the audit report may include a(an):

Question

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Choice "D" is correct. Yes - No. If an auditor concludes that there is substantial doubt about an entity's ability to continue as a going concern and that the entity's disclosures are adequate, then the audit report may be either: -Unqualified with explanatory paragraph, or -Disclaimed. (Generally, an unqualified opinion is issued, but the auditor is not prohibited from choosing to issue a disclaimer.) Choice "A" is incorrect. An "except for" qualified opinion would be appropriate if the entity's disclosures were inadequate. Choice "B" is incorrect. While an unqualified opinion is generally issued, the auditor is not prohibited from choosing to issue a disclaimer; for example, in areas involving a high degree of uncertainty. Choice "C" is incorrect, per above.

An Auditor Concludes That There Is Substantial Doubt About an Entity's