The outbreak of the Covid-19 pandemic in 2020 has different impacts on different companies.

In performing the audit of the financial statements for most of the companies in the year of

2020, the auditor unavoidably has to consider the impacts of the Covid-19 pandemic on the

going concern of the companies.

(a) Give an example to describe the impacts of the Covid-19 pandemic on a company and

explain the specific circumstances under which an auditor should issue an unmodified

audit report with an unmodified opinion.

(b) Give an example each to describe the impacts of the Covid-19 pandemic on a company

and explain the specific circumstances under which an auditor should issue an

unmodified opinion with

(i) an emphasis of matter; and

(ii) material uncertainty related to going concern.

(c) Give an example each to describe the impacts of the Covid-19 pandemic on a company

and explain the specific circumstances under which an auditor should issue a modified

audit report with

(i) a qualified opinion;

(ii) a disclaimer of opinion; and

(iii) an adverse opinion.