Green, CPA, concludes that there is substantial doubt about JKL Co.’s ability to continue as a going concern. If JKL’s financial statements adequately disclose its financial difficulties, Green’s auditor’s report should
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Include an explanatory paragraph following the opinion paragraph |
Specifically use the words “going concern” |
Specifically use the words “substantial doubt” |
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a. |
Yes |
Yes |
Yes |
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b. |
Yes |
Yes |
No |
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c. |
Yes |
No |
Yes |
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d. |
No |
Yes |
Yes |