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Theresa Henry is the auditor of XYZ Company, a publicly traded company. She is concerned that her client will not be able to pay its
Theresa Henry is the auditor of XYZ Company, a publicly traded company. She is concerned that her client will not be able to pay its debts and continue operations in the foreseeable future, XYZ's financial statements as of and for the year ended September 30. 2023 are properly prepared and fully disclose this material uncertainty. No other issues have arisen during the audit. Which of the following is the most appropriate action for Theresa to take? @ Theresa should withdraw from the current engagement and not accept XYZ as a client for future years /Theresa should include an emphasis of matter paragraph in the Auditor's Report. @Theresa should issue a Disclaimer of opinion Theresa should issue an Adverse opinion. @/Theresa should state that she was unable to comply with the Canadian Auditing Standards on this audit of XYZ
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