Refusal of Auditor Certification

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Our Auditor has decided not to certify the financial statements to 31/12/12 with the following statement in the General Report: "The annual accounts have been drawn up in accordance with the principle of continuity of operations. Deficit in the business and financial position of the company, this principle may prove to be inappropriate. "

Do you think this is the best solution?
 

AGH the CPA

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it sounds like there may be an issue with the company as a going concern?
 

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