Marr june 14Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Marr june 14This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 2, 2018 at 6:39 pm #465894 zkaayParticipantTopics: 212Replies: 98☆☆☆Hi sir,Regarding court caseThe matter is immaterial i agree so should not be included in EOM paraBut As the lawyer syated the outflow is probable is should be treated as provision.But the mgt dealt w it wrongly as contingent liab because they made a note in f/s My question here if we assumed the matter is material The mgt had made a disclosure(yes) the made a noteSo can this matter be included in EOM para?Thanks August 6, 2018 at 7:18 am #466360 Kim SmithKeymasterTopics: 135Replies: 8309☆☆☆☆☆An EOM can NEVER EVER be used as a “substitute” for a qualified opinion.Please see the published answer – if a matter is not material (so does not call for a qualified opinion), it does not get any mention in the auditor’s report.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In