If a client fails to present to the external auditor a concrete plan or sufficient supporting documents to address any capital deficiency, the company should provide an emphasis paragraph indicating that it is no longer a going concern and should use a liquidation basis in the preparation of its financial statements. S2: The auditor's report should state clearly the opinion of the independent auditor on the fairness of presentation in conformity with the prescribed financial reporting framework for the company. S3: For an auditing firm, the certifying partner should sign his/her own signature and indicate that he/she is signing for the firm, the name of which is printed in the report.
S1: If a client fails to present to the external auditor a concrete plan or sufficient supporting documents to address any capital deficiency, the company should provide an emphasis paragraph indicating that it is no longer a going concern and should use a liquidation basis in the preparation of its financial statements. S2: The auditor's report should state clearly the opinion of the independent auditor on the fairness of presentation in conformity with the prescribed financial reporting framework for the company. S3: For an auditing firm, the certifying partner should sign his/her own signature and indicate that he/she is signing for the firm, the name of which is printed in the report.
O S1 and S2 are true
O S2 and S3 are true
O All statements are true
O All statements are false
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