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eom and mugc together in audit report?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › eom and mugc together in audit report?

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarKen Garrett.
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  • November 22, 2017 at 3:46 pm #417430
    Avatarheliousack
    Member
    • Topics: 6
    • Replies: 2
    • ☆

    Parr Co is undergoing a major court case that would bankrupt the company if lost. The directors assess and disclose the case as a contingent liability in the accounts. The auditors agree with the treatment and disclosure.

    For the above situations state what type of audit report should be issued and explain your choice.

    —

    Can we write both emphasis of matter and material uncertainty relating to going concern?

    November 22, 2017 at 4:46 pm #417451
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10653
    • ☆☆☆☆☆

    If you have a MUGC you do not have an EoM about the same matter. You could potentially have an EoM about something else.

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