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 an emphasis of matter paragraph after the opinion paragraph.
B) issue a standard unqualified report.
C) issue a qualified report.
D) deny an audit opinion.
Correct Answer:
Verified
Correct Answer:
Verified
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