An auditor concludes that there is substantial doubt about an entity’s ability to continue as a going concern for a reasonable period of time. If the entity’s financial statements adequately disclose its financial difficulties, the auditor’s report is required to include an emphasis-of-matter paragraph that specifically uses the phrase(s)
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“Reasonable period of time, not to exceed 1 year” |
“Going concern” |
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Yes |
Yes |
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Yes |
No |
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No |
Yes |
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No |
No |