Multiple Choice
ProForce Inc.is facing a large lawsuit from its employees.The contingency is significant and may lead to a going concern issue if ProForce is found guilty.ProForce took the adequate measures,as prescribed by IFRS (International Financial Reporting Standards) ,to account,disclose,and present the contingency in the financial statements.The auditor should
A) add a section in the audit report titled "Material Uncertainty Related to Going Concern" after the opinion paragraph.
B) issue an unmodified report with no extra sections.
C) issue a modified report.
D) deny an audit opinion.
Correct Answer:
Verified
Correct Answer:
Verified
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