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The auditor for JT Engineering is reviewing the most recent financial statements and based on that information the auditor has substantial doubt about JT's ability
The auditor for JT Engineering is reviewing the most recent financial statements and based on that information the auditor has substantial doubt about JT's ability to remain in business beyond the next six months. How should the auditor address this concern in the auditor's report? Select answer from the options below The auditor should issue an adverse opinion along with an explanation. Issue an unmodified opinion, however the financial statements should include a note giving a detailed explanation of the situation, stating that the financial statements have not been adjusted as a result of this uncertainty. A qualified opinion that includes an explanation of the auditor's concerns should be issued. Issue a disclaimer of opinion along with an explanation.
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