Lee and Kerz is the auditor for Nice Corporation. During the course of the audit, the audit team noticed that the corporation showed signs of financial distress. To determine whether the going-concern opinion is issued, the team decided to predict the likelihood of the company's bankruptcy. Which statement is NOT TRUE?

The audit team should review the note for going-concern issues and management plans for the decision.

Working capital and market value of equity are the key indicators of company's bankruptcy

The classification model is the best one to predict the probability of bankruptcy

The auditor should report the going concern opinion in 10-K if the team find the evidence of "substantial doubt" about the client's ability to continue in operation