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
C)adverse opinion
D)qualified opinion

Question

Quizplus · Accepted Answer

If the auditor has concluded that the financial statements are fairly presented despite concerns about the company's ability to continue in existence, then the best opinion that can be issued is an unqualified opinion. This opinion indicates that the financial statements are presented fairly in all material respects and that there are no significant issues that need to be brought to the attention of the users of the financial statements. The other opinion choices, such as a disclaimer, adverse, or qualified opinion, would be given if there were significant issues with the financial statements or if the auditor was not able to obtain sufficient evidence to support the financial statement assertions.

If There Is Concern That a Company Might Not Continue