If in the auditor’s judgment, management’s use of the going concern basis of accounting in the preparation of the financial statements is inappropriate:A.The auditor will give a disclaimed of opinion. B.The auditor shall express an adverse opinion.C.The auditor shall express an unmodified opinion with a separate section.D.The auditor shall express a qualified opinion.

Under going concern concept, entity's financial statements are prepared on the assumption that the…

Answered: f in the auditor’s judgment,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If in the auditor’s judgment, management’s use of the going concern basis of accounting in the preparation of the financial statements is inappropriate:

The auditor will give a disclaimed of opinion.

The auditor shall express an adverse opinion.

The auditor shall express an unmodified opinion with a separate section.

The auditor shall express a qualified opinion.

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