Which of the following representations does an auditor make explicitly and which implicitly when issuing a standard unqualified opinion on a public company's financial statements? $\begin{array}{ll}\text { Conformity with PCAOB Standards}&\text{
Going Concern Status}\end{array}$
A-$\begin{array}{ll}\quad\quad\quad\quad\quad\text { Explicitly } &\quad\quad\quad\quad\quad\quad\quad \text { Explicitly } \\end{array}$
B-$\begin{array}{ll}\quad\quad\quad\quad\quad\text { Implicitly } &\quad\quad\quad\quad\quad\quad\quad \text { Implicitly } \\end{array}$
C-$\begin{array}{ll}\quad\quad\quad\quad\quad\text { Implicitly } &\quad\quad\quad\quad\quad\quad\quad \text { Explicitly } \\end{array}$
D-$\begin{array}{ll}\quad\quad\quad\quad\quad\text { Explicitly } &\quad\quad\quad\quad\quad\quad\quad \text { Implicitly }
\end{array}$
A)Option A
B)Option B
C)Option C
D)Option D

Question

Quizplus · Accepted Answer

An auditor explicitly states conformity with PCAOB standards in the audit report, while the going concern status is typically only addressed explicitly if there is substantial doubt.

Which of the Following Representations Does an Auditor Make Explicitly Conformity with PCAOB StandardsGoing Concern Status\begin{array}{ll}\text { Conformity with PCAOB Standards}&\text{Going Concern Status}\end{array} Conformity with PCAOB Standards​Going Concern Status​

Which of the Following Representations Does an Auditor Make Explicitly $\begin{array}{ll}\text { Conformity with PCAOB Standards}&\text{Going Concern Status}\end{array}$