[Legolas17]

The difference of 200k is immaterial, so no basis for qualified opinion.

The irrecoverable receivables should be disclosed in EoM because total amount of 2m is significant for users of financial statements.

[Legolas17]

The irrecoverable receivable was 2m and this amount was disclosed in notes, but according to auditors it was 2.2m, so in my conclusion this 200k was immaterial and that’s basis for unqualified opinion and included in EoM due to importance and that it is fundamental to users’ understanding of the financial statements

[Legolas17]

i think i blew MCQ, but i hope for section B to save me 🙂

[Legolas17]

Yes, one had wife working as a financial accountant for client, one was engagement manager before current one, so 7 years ago (cool off period is 5 so i chose him) and there was quality engagement manager and one was director at client 2 years ago. I cannot remember my second option

[Legolas17]

Ugh i don’t remember if it was part of the same requirement, but i recall little of that particular question. It was non-adjusting event

[Legolas17]

I think that 200k wasn’t material so unmodified opinion with EoM

[Legolas17]

projected expense for credit control agency – i calculated 225k

[Legolas17]

I agree, but i booked exam centre only because remote session based wasn’t available.
Do you think that would be fair that remote session exams are offered in countries if there aren’t centre based exams available?

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