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Hi, Sir
I have questions as to the audit report
If disclosures is adequate, is audit report will be modified as an EOM, paragraph will state audit opinion is not modified and included immediately after the opinion paragraph?
If the disclosure is not adequate, audit report will need to be modified, audit opinion will be modified, and give rise to material misstatement, the basis for qualified opinion paragraph should be just before or after the opinion’s paragraph for explain the material misstatement in relation for the error?
Because I had noticed that in Dec 17 – Jun 19 the Acca past year paper, the basis for qualified opinion paragraph were AFTER the opinion’s paragraph & before Dec 17 the basis for qualified opinion paragraph were just BEFORE the opinion’s paragraph.
So I’m confused what should they be?
The reporting standards were all revised so you must take care not to rely on current technical accuracy of old ACCA questions as published on acca’s www. There is a clear disclaimer that these are not updated. We and ACCA strongly recommend you invest in a current edition approved revision kit. Basis para is after opinion as per recent exam questions and our notes.
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