The financial report of Super Electrix Ltd indicates that there are going concern problems. After considering additional audit evidence, the auditor concludes that the client will not continue as a going concern during the next year. What
Type of audit opinion should the auditor express?
A) Disclaimer of opinion.
B) Qualified opinion.
C) Adverse opinion.
D) Unmodified opinion with an Emphasis of Matter paragraph.

Question

Quizplus · Accepted Answer

An adverse opinion is appropriate when the auditor concludes that the financial statements are materially misstated and, in this case, the auditor has determined that the client will not continue as a going concern during the next year.

The Financial Report of Super Electrix Ltd Indicates That There