The auditor has serious concerns about the going concern of the company. The company’s going concern is dependent on obtaining a large sales contract that is still under negotiation at the time of signing the auditors’ report. The management of the company has made full disclosure of this situation in the notes to the accounts. The auditor is satisfied with the level of disclosure. The auditor should issue:

(a) an unqualified opinion.

(b) an unqualified opinion with reference to the notes to the accounts.

(c) a disclaimer of an opinion.

(d) an ‘except for’ opinion.

Choose the best answer.