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Terry Industries engages Rose & Co., CPAs, to audit its annual financial statements. Rose suggests...

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Accounting

Terry Industries engages Rose & Co., CPAs, to audit its annual financial statements. Rose suggests a going concern opinion and before Rose is able to complete the audit, Terry terminates the relationship and requests that the audited financial statements be provided to Terry. What action should Rose take under the Records Requests interpretation?
Rose should release the audit report only if Terry pays its fees in full.
Rose should issue an unqualified audit opinion without resolving the going concern issue.
Rose should file a complaint with the Department of Consumer Affairs.
Rose should withhold its audit report if it does not comply with professional standards.

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