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I have picked this from flash card of OT
What sort of audit report should be issued if going concern doubts are fully disclosed in the financial statements?
The audit report should contain an emphasis of matter paragraph drawing users’ attention to the note relating to going concern. This is not a qualification because the financial statements are as right a they can be.Doubt- Why not to give material uncertinity related to going concern?
Please explain
It should be MURGC. Is it an Opentuition flashcard you are referring to? If so I’ll try and find it to update asap.
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