Your publicly traded client, BuffSports, owns and operates health fitness clubs. For the year ended 12/31/23, they disclosed the following information in Note 1 to their financial statements:

Note 1. Basis of Presentation

Substantial Doubt about the Company's Ability to Continue as a Going Concern

In accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") 2014-15, "Presentation of Financial Statements - Going Concern", the Company's management evaluated whether there are conditions or events that raise substantial doubt about its ability to continue as a going concern within one year after the financial statements' issuance date. The following matters raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the financial statements are issued.

Term Loan Maturity:The Company's 2014 Term Loan Facility is due in its entirety on November 15, 2024 and was therefore classified as a currentliability on the Company's consolidated balance sheet as of December 31, 2024. The Company does not have sufficient sources of cash to satisfy this obligation on the date of maturity. The Company is currently working with prospective lenders to refinance the 2014 Term Loan Facility in advance of its maturity date, however, there can be no assurance that the Company will be able to refinance its debt, or if it is able to refinance its debt, that such financing will be on terms favorable to the Company.

Antibiotic Resistant Pneumonic and/or Bubonic Plague Pandemic:On March 16, 2024, the Company was mandated to close approximately 95% of its clubs pursuant to the exercise ofemergency executive authority invoked by state and local governments in order to combat the spread of a plague like pandemic. The Florida clubs continue to operate, however it is likely they will eventually be mandated to close as well. The closure of the Company's clubs will have a material adverse effect on revenue and cash flow. There is significant uncertainty as to when the clubs will be allowed to re-open and as such, the Company is likely to experience reduced customer demand, a significant increase in membership terminations and may be unable to recover these members or generate new ones.

The Company has taken some immediate steps to reduce operating costs and to conserve cash. The Company informed all non-executive employees working at clubs which have been ordered to close that their employment with the Company was terminated with immediate effect. On March 13, 2024, the Company borrowed $12,500 from its 2014 Revolving Credit Facility and the Company continues to actively manage its cash flow on a daily basis. Additionally, the Company is undertaking conversations with landlords to discuss rent relief during this period, which may not be successful.

These recent events have had a material adverse effect on the Company's results of operations, cash flows and liquidity and further contribute to conditions that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the financial statements are issued. Under the terms of the 2014 Term Loan Facility, this is considered an event of default which allows the lenders to call the debt in advance of maturity.

Required: Indicate what type of audit report you would most likely issue. Be specific about the information or special paragraphs, if any, you would include in the report. Explain your rationale for issuing that type of report.