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| When an auditor concludes there is substantial doubt about an entity’s ability to continue as a going concern for a reasonable period of time, the auditor’s responsibility is to A. Prepare prospective financial information to verify whether management’s plans can be effectively implemented. B. Issue a qualified or adverse opinion, depending upon materiality, due to the possible effects on the financial statements. C. Consider the adequacy of disclosure about the entity’s possible inability to continue as a going concern. D. Project future conditions and events for a period of time not to exceed 1 year following the date of the financial statements. |