The first section of a nonpublic company audit report is the: Multiple Choice Critical audit matters section. Introductory paragraph. Basis for opinion section. Critical audit matters section. Introductory paragraph. Basis for opinion section. Opinion section. When an auditor of financial statements has substantial doubt about an entity's ablity to continue as a going coni most likely would express a qualified or adverse opinion if: Multiple Choice Negative trends and recurring operating losses appeor to be irreversible. Management has no plans to reduce or delay future expenditures. Negative trends and recurring operating losses appear to be irreversible. Management has no plans to reduce or delay future expenditures. Information about the entity's ability to continue as a going concern is not disclosed in the financial sti The effects of the adverse financial conditions are likely to be negative