CPA · Question 56 · Area IV: Forming Conclusions and Reporting
Scenario: An auditor is auditing the financial statements of a nonissuer. The auditor concludes that there is substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. Management has adequate plans to alleviate this doubt, and the plans are properly disclosed in the notes. <br/><br/>What is the appropriate audit opinion?
Answer options:
Qualified opinion.
Unmodified opinion with an Emphasis-of-Matter paragraph.
Disclaimer of opinion.
Adverse opinion.
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