An audit report included the following additional paragraph: "The financial statements of the Holmlund Company have been prepared assuming that the Company will continue as a going concern. As discussed in footnote 10, the Company has experienced losses and negative cash flows from operations for the past three years..." Which of the following statements is incorrect? The auditors issued an adverse opinion Holmlund's financial statements. The auditors obtained information regarding management's plans to improve financial performance. The auditors evaluated the viability of management's plans to improve financial performance. The auditors determined that management's plans to improve financial performance were likely to be unsuccessful. Physically inspecting equipment provides evidence regarding Rights \& Obligations. True False