03-29-2004, 04:33 AM
Well i think he wouldnot qualify his opinion and would make a note stating the condition of the company's total assets and liabilites which would show the uncertainties there can be for the company not to be as a going concern. The auditor believes that there is a doubt over the going concern issue but considers that the financial statements give adequate details of the problem so he will give an unqualified report with note in the emphasis paragraph for the financial statements to draw attention.