if the entity rsquo s financial statements adequately disclose its financial difficu 619243
An auditor concludes that there is substantial doubt about an entity’s ability to continue as a going concern for a reasonable period of time. If the entity’s financial statements adequately disclose its financial difficulties, the auditor’s report is required to include an emphasis-of-matter paragraph that specifically uses the phrase(s)
“Reasonable period of time, not to exceed 1 year” |
“Going concern” |
|
Yes |
Yes |
|
Yes |
No |
|
No |
Yes |
|
No |
No |