Where is going concern mentioned in an audit opinion?
For nonissuers, if their client has a going concern issue (meaning it is unlikely they will continue to operate a year from now), then the audit team should mention this in the emphasis-of-matters paragraph.
Going concern is covered in #3 in the visual below.
You might also be interested in...
What is included in the introductory paragraph in an unmodified opinion?
Remember that an unmodified opinion is only for nonissuers. The introductory paragraph would include details about the entity being audited, statement that the financials have been audited, title of each financial statement, and the timeline that the audit report covers.
Does the emphasis of matter paragraph go before or after the opinion paragraph in an unmodified opinion?
An Emphasis of matter’s paragraph will be presented subsequent to the opinion paragraph. The required paragraphs always come first, with the optional paragraphs after!
What is the difference between an unmodified and unqualified audit opinion?
Issuers (public companies) receive unqualified audit opinions while nonissuers (private companies) would receive unmodified opinions. The requirements for the audit report vary between the two types of audit opinions.