10- What are the different types of auditor's opinion, briefly explain? Identify which type of opinion is given below for Delta Company? "The auditor believes Delta Company faces a going concern Going Concern. However, every decision in a company is taken with the objective in mind of running the business rather than that of liquidating it and in fact it is unable to survive another year. Delta Company disagrees and prepares its financial statements on a historical cost basis instead of on a liquidation basis. In such a scenario, a GAAP departure reservation is made. Since Delta Company prepared its financial statements on a historical cost basis, most of the company's accounts are incorrect"