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Unformatted text preview: Based on audit procedures designed and performed to achieve other audit objectives, are there conditions and events indicating substantial doubt? YES NO Obtain management’s plans Clean Opinion and assess likelihood of effectiveness Substantial Doubt Doubt no longer substantial Consider adequacy of Consider adequacy of disclosures Disclosures and add If adequate -> clean opinion An explanatory paragraph If disclosures are not adequate -> qualified or adverse...
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- Fall '08
- Revenue, Auditor's report, explanatory paragraph, substantial doubt, Concern Assessment