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What is your opinion of the appropriateness of how auditors convey doubts about a firm's going concern status to users? When should such a report be made?

What are the consequences of such a report to the company?

What are the consequences of such a report to the auditor?

Do you think users understand that a going concern report is an unqualified opinion with an explanation? If not, how do you believe they interpret it?

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  • Category:- Accounting Basics
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