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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Inadequate disclosure related to going concern
Is there is inadequate disclosure related to going concern and there is uncertainity related to going concern so what type of modified opinion will be issued?
Most likely qualified because what the auditor will report is “except for … [the inadequacy of disclosure] … the financial statement present fairly …”
The extreme “adverse” opinion is a requirement only when the financial statements have been prepared on a going concern basis and the auditor is of the opinion that this is NOT appropriate (not “merely” a matter of uncertainty).