• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Inadequate disclosure related to going concern

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Inadequate disclosure related to going concern

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 23, 2021 at 6:23 am #611391
    Anonymous
    Inactive
    • Topics: 40
    • Replies: 42
    • ☆☆

    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?

    February 23, 2021 at 7:57 am #611396
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8325
    • ☆☆☆☆☆

    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).

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Ermali on PPE – revaluation downwards – ACCA Financial Reporting (FR)
  • siu18 on Joint arrangements – Introduction – ACCA Strategic Business Reporting (SBR) lectures
  • Tarak1450 on Financial management objectives – ACCA Financial Management (FM)
  • Ark1 on Pricing strategies – ACCA Performance Management (PM)
  • John Moffat on Accruals and Prepayments – ACCA Audit and Assurance (AA)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in