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dear sire,
Q: if going concern is adequately disclosed in F/s by mangt than modified audit report with special emphasis matter to going concern?
Q:if going concern not disclosed by mngt than not modified report but modified opinion as qualified opinion?
Q:if basis for F/s preparation is going concern but company is not going concern and should have prepared on break up basis then again modified opinion as adverse opinion and not modified report?
Q: if director report not consistent to F/s than modified audit report as other matter paragraph but not modified opinion?Q1 Nearly right. The extra paragraph in the audit report is not an emphasis of matter paragraph, whichmis specifically not used for going concern doubts. It is called: Material Uncertainty Relating to Going Concern.
Q2 Correct
Q3 Adverse opinion, not a qualified opinion.
Q4 Correct.
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