If the auditor concludes that there may be a going-concern problem with the client, which of the following is the best course of action for the auditor to follow?
A. Issue a qualified report.
B. Identify and assess management's plan to overcome the situation.
C. Chart the negative trends as an addendum to the audit report.
D. Increase fees to cover the probable exposure.
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.