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A public client company's financial statements are fairly presented in accordance with GAAP but show a history of negative cash flow trends and continuing losses.The
A public client company's financial statements are fairly presented in accordance with GAAP but show a history of negative cash flow trends and continuing losses.The client has fully disclosed this issue about the company's ability to continue as a going concern in the notes to the financial statement. Which type of opinion will the auditor most likely give?
Adverse.
Unqualified opinion with an explanatory paragraph to emphasize this potential going concern issue.
Qualified.
Disclaimer of opinion.
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