Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Material uncertainty related to going concern
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- August 12, 2016 at 9:54 am #332819
The ‘Material uncertainty related to Going Concern’ paragraph should be placed before or after the KAM paragraph?
Or the sequence is doesn’t matter? Is it alright to be placed either before or after the KAM paragraph?August 12, 2016 at 12:39 pm #332845According to ISA 570 (revised) it looks like the paragraph ‘Material Uncertainty Related to Going Concern’ comes immediately after ‘Basis for opinion’ and immediately before ‘KAM’
August 13, 2016 at 8:47 am #332935What if there is “Emphasis of matter” paragraph? What I have read from ISA 706 is the EOM paragraph would be placed after the KAM but before ‘going concern’ paragraph, contradict to what contained in ISA 570. So could I come to my own interpretation that the sequence doesn’t matter?
August 13, 2016 at 9:21 am #332939It does seem that way doesn’t it!
I think that matters will settle down after a period of practical use but, meanwhile, I don’t believe that you should get too excited about it
August 13, 2016 at 1:44 pm #332953Alright thank you
August 13, 2016 at 6:03 pm #332992You’re welcome
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