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Audit reports

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit reports

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by Ken Garrett.
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  • May 17, 2012 at 4:30 am #52694
    Mugadza
    Member
    • Topics: 24
    • Replies: 24
    • ☆

    Can you assist me on which term to use as i heard that the term disagreement is rather an old term.

    May 17, 2012 at 4:58 am #97652
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10609
    • ☆☆☆☆☆

    ‘Disagreement’ is no longer used in audit reports. Now the term is “the financial statements contain a material misstatement’

    The other reason for a modified opinion is that the auditors were unable to obtain sufficient appropriate audit evidence. That replaces ‘limitation on scope’

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