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16. 123 with respect to management's disclosure required for going concom issues, Ai management determines that the d i stanty presented in accordance with applicable financial reporting framework then an unmodified auditor's report can be issued B. if auditors determine that the disclosure is applicable financial ors determine that the disclosure is fairly presented in accordance with the issued Tinancial reporting framework, then an unmodified auditor's report can be ** 3.3. 99988 2008 * * * G. the auditor should advise management that they are now unable to issue unmodified audit opinion D. the auditor should advise manneront that they are now unable to issue a mom audit opinion An unmodified auditor's report is A. an indication that a firm is financially successful B. an indicator that the firm's stock price may be about to drop C. not an indication the company is successful financially, but rather an indication the company has followed accounting standards as dictated by the applicable financia reporting framework D. an indication the company is successful financially, but not an indication the company has followed accounting standards as dictated by the applicable financial reporting framework 18. When a client has a going concern issue, A. AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern requires an emphasis-of-matter paragraph be added to the unmodified report, after the opinion paragraph B. AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern requires an emphasis-of-matter paragraph be added to the unmodified report, before the opinion paragraph C. the auditor must notify the Securities and Exchange Commission (SEC) within ten business days D. the auditor should recommend a potential acquirer 19. Companies typically present their financial statements A. to show the most recent year only B. in comparative form, which means showing two consecutive years of balance sheets and three consecutive years of the income statement, statement of cash flows, and statement of stockholders' equity C. in standard form, which means showing three consecutive years of balance sheets and three consecutive years of the income statement, statement of cash flows, and statement of stockholders' equity D. only to those entities who have expressed an interest in scrutinizing them

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