MURGC section is used to highlight the fact that there is a GC threat, despite the fact that the FS notes have disclosed the threat appropriately. Hence an unmodifed opinion with MURGC section
1) Business Risk (Reasons why Business may suffer; declingin sales, bad rep, fines and penalties, key staff/customer leave etc) 2) Audit Risk (RoMM + Detection Risk) 3) Risk of Material Mistatement (FS items that might be wrong)
Agree with Billy, it’s normally Audit risk but be prepared for all three!