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b. The financial statements of Beta Ltd include a note relating to a significant uncertainty over going concern. The uncertainty has arisen because a major
b. The financial statements of Beta Ltd include a note relating to a significant uncertainty over going concern. The uncertainty has arisen because a major customer has threatened to terminate its contract early due to Beta's failure to comply with service levels required by the contract. Your firm has concluded that the disclosure note included in Beta's financial statements is appropriate and adequate. Required: Discuss the modifications, if any, that the auditor would make to the audit report and opinion in respect of the going concern disclosure
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