ICANAudit & AssuranceAudit Completion, Going Concern and Subsequent Events2024

Where a material uncertainty related to going concern exists and is adequately disclosed, the auditor issues:

AAn adverse opinion
BA qualified opinion
CAn unmodified opinion with a separate Material Uncertainty Related to Going Concern sectionCORRECT
DA disclaimer of opinion
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Adequate disclosure of a material uncertainty does not modify the opinion. ISA 570 requires a separate section headed Material Uncertainty Related to Going Concern drawing attention to the disclosure.
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