CAI CAP2 Practice Questions - Chartered Accountants Ireland - CA Proficiency 2 (CAP2) Exam

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An auditor identifies a material uncertainty related to going concern but concludes that adequate disclosure is made in the financial statements. What type of audit opinion is normally appropriate?

Unmodified opinion with a material uncertainty related to going concern paragraph Qualified opinion due to a scope limitation Adverse opinion because the entity may not continue as a going concern Disclaimer of opinion because future outcomes are inherently uncertain

Correct Answer:

Unmodified opinion with a material uncertainty related to going concern paragraph

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