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___________?

(A) unqualified opinion

(B) unqualified opinion with reference to notes to the accounts

(C) qualified opinion

(D) disclaimer of opinion

Submitted By :Ali Uppal

Question

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___________?

(A) unqualified opinion

(B) unqualified opinion with reference to notes to the accounts

(C) qualified opinion

(D) disclaimer of opinion

Submitted By :Ali Uppal