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Auditing - Going concern

Jane is a partner who is auditing Doors Enterprises. Jane is considering Doors Enterprises' ability to continue as a going concern.

Based on the audit procedures, Jane determines there is substantial doubt about Door Enterprises' ability to continue as a going concern. Door Enterprises prepares proper disclosures related the substantial doubt. Which of the following is/are the most likely possible effects of the going concern issue on the audit report? (mark all that apply)

x	Issue an unmodified with an emphasis-of-matter paragraph
	Issue a qualified or adverse
	Issue a disclaimer or adverse
	Issue a qualified or disclaimer
x	Issue a disclaimer

I'm certain that a going-concern would warrant a disclaimer, but not sure if emphasis-of-matter is neccessary.

If Jane elects to include an emphasis-of-matter paragraph, which of the following is appropriate wording for that paragraph?

	The accompanying financial statements have been prepared assuming that the company has suffered recurring losses from operations and has a net capital deficiency, which together raise substantial doubt about its ability to continue as a going concern.
	If the company continues to suffer recurring losses from operations and continues to have a net capital deficiency, there may be substantial doubt about its ability to continue as a going concern.
	Management's plans in regard to these matters are also described in Note x. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to this matter.
	The Company has been unable to renegotiate its expiring credit agreements. Unless the Company is able to obtain financial support, there is substantial doubt about its ability to continue as a going concern.

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