When an auditor has substantial doubt about an entity's ability to continue as a going concern because of the probable discontinuance of operations, the auditor most likely would express a qualified opinion if:

A、
The effects of the adverse financial conditions likely will cause a bankruptcy filing .
B、
Information about the entity's ability to continue as a going concern is not disclosed .
C、
Management has no plans to reduce or delay future expenditures .
D、
Negative trends and recurring operating losses appear to be irreversible .