Identify type of opinion, AJE required, going concern issues

The following is a portion of an audit report issued for a public company. (Note: A separate report was issued on the effectiveness of internal control over financial reporting.)

Independent Auditor's Report

To the shareholders of Corporation X

We have audited the accompanying balance sheet of Corporation X as of December 31, 2015, and 2016, and the related statements of income, retained earnings, and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects the financial position of Corporation X as of December 31, 2015, and 2016, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Other information:

Financial Statements Note:
Note 12 : The auditor has determine that the company will continue as a going concern, which was discussed in the Note 12 of Corporation X's financial statements.
Corporation has suffered recurring losses from operations, resulting in a net capital deficiency
The financial statements do not include any adjustments.

a. Based on Note 12 included Corporation X's financial statements, identify the type of opinion the auditors would issue.
b. Indicate which paragraph, if any should be modified in the standard audit report.
c. Indicate whether an additional paragraph is necessary and its location in the report.
d. Based on your answer in c., prepare additional paragraph.

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