So I just took my 2nd final exam in becker and the research sim asks what guidance is provided by AICPA with respect to the wording of any modification to the auditors standard report regarding a going concern.
I thought ok I need to look for the one that states to issue an explanatory paragraph with the words "substantial doubt" and "going concern".
I typed going concern and found that word for word in the standard and i figured that was definitely it. I browsed the other ones just to double check and the next one basically was an example of the paragraph and how it would be worded.
So i got my results and I got it incorrect. It happened to be the "example" of a paragraph. Is this a general rule or something? I figured the guidance that tells you which paragraph to add and the wording would supersede a fictitious example in the literature...