Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › audit report2
- This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
- AuthorPosts
- November 11, 2014 at 5:46 pm #209166
I have 2 question on audit report and My question is
1 If there is a problem in going concern and company is going to liquidate and prepared on break up basis
and financial statement doesn’t contain disclosure regarding going concern problem
what should the audit report be ?
in opinion It should be the financial statement is properly prepared and it gives true and fair view2 If there is a problem in going concern and company is going to liquidate and prepared on break up basis
and financial statement contain disclosure regarding going concern problem
what should the audit report be ?
in opinion It should be the financial statement is properly prepared and it gives true and fair view
whether I am right or wrong please tell me,if it should be other than this then please tell me
November 12, 2014 at 10:54 am #2092861 qualify on the basis of failure to provide adequate disclosure
2 unqualified opinion (so long as true and fair) but probably a modified report with an emphasis of matter bringing the readers’ attention to the full and transparent disclosure note
Ok?
- AuthorPosts
- You must be logged in to reply to this topic.