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___________?
Aunqualified opinion with reference to notes to the accounts
Bqualified opinion
Cdisclaimer of opinion
Dunqualified opinion
Correct answer
A. unqualified opinion with reference to notes to the accounts
Explanation
unqualified opinion with reference to notes to the accounts is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.