An Auditor Concludes That There Is Substantial Doubt About an Entity's

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. The entity's financial statements adequately disclose its financial difficulties. Under these circumstances, the auditor's report is required to include an emphasis-of-matter paragraph that specifically uses the phrase(s) . $\begin{array}{llc}& \text { "Except for the Effects of}& \text {"Possible Discontinuance}\\& \text {Such Adjustments"}& \text {of the Entity's}\\& \text {Operations"}\\\end{array}$
A. $\begin{array}{llc}&&& \text { Yes } &&&&&&&&&& \text { Yes } \\\end{array}$
B. $\begin{array}{llc}&&& \text { Yes }&&&&&&&&&& \text { No } \\\end{array}$
C. $\begin{array}{llc}&&& \text { No } &&&&&&&&&& \text { Yes } \\\end{array}$
D. $\begin{array}{llc}&&& \text { No } &&&&&&&&&& \text { No }\end{array}$

A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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