If the financial statements have been prepared using the going concern basis of accounting but, 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 shall express_ a. Disclaimer of opinion b. Negative opinion c. Qualified opinion d. Unqualified opinion
If the financial statements have been prepared using the going concern basis of accounting but, 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 shall express_ a. Disclaimer of opinion b. Negative opinion c. Qualified opinion d. Unqualified opinion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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20-If the financial statements have been prepared using the going concern basis of accounting but, 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 shall express_
a. Disclaimer of opinion
b. Negative opinion
c. Qualified opinion
d. Unqualified opinion
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