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Hi, Sir I have some questions
From Sept/Dec ’15
1) How to know whether the material is pervasive or not pervasive?
2) When to know the basis for opinion paragraph, is just before or subsequent to the opinion paragraph?3) How to know the financial statement give a true & fair view or not give true & fair view when there is failure to adequately disclose the uncertainty?
Also, if disclosure is not adequate, what will happen to the audit report? Does the audit report will be modified or will need to be modified & as EOM or as others?
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