An independent auditor has concluded that substantial doubt remains about a client's ability to continue as a going concern, but the client's financial statements have properly disclosed all of its solvency problems. The auditor would probably issue a(an):
A) Unmodified opinion with an appropriate emphasis-of-matter paragraph.
B) "Except for" qualified opinion.
C) Standard unmodified opinion.
D) Adverse opinion.

Question

Quizplus · Accepted Answer

An "emphasis-of-matter" paragraph would be appropriate in this situation to draw attention to the going concern issue, but because the financial statements have been properly disclosed, an unmodified opinion can still be issued.

An Independent Auditor Has Concluded That Substantial Doubt Remains About