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What type of opinion should the auditor express

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Reference no: EM132753011

During the completion stage of the audit of Barry Co, the external auditors discover a letter from the company's bank, stating that a loan is about to be recalled. The loan is repayable within 30 days and the auditor concludes that this raises significant doubt over Barry Co's ability to continue as a going concern.

The directors of Barry Co refuse to disclose the situation in Barry Co's financial statements as the loan was recalled after the year end.

Problem 1: What type of opinion should the auditor express?

Option 1: An unmodified opinion

Option 2: A qualified opinion

Option 3: A disclaimer of opinion

Option 4: An unmodified opinion with a Material Uncertainty Related to Going Concern paragraph

Reference no: EM132753011

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