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Accounting MCQs
Auditing Mcqs
Q
The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. The management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue___________?
AA. Unqualified opinion
BB. Unqualified opinion with reference to notes to the accounts
CC. Qualified opinion
DD. Disclaimer of opinion
Correct Answer:
B. B. Unqualified opinion with reference to notes to the accounts