Forum Replies Created
- Posts
@theterror said:
in notes it says in case of qualified opinion there will be not a MURGC.
This paragraph is in the notes, topic 4 chapter 6 second paragraph.
(If the going concern worries are not ADEQUATELY disclosed then the financial statements cannot be true and fair and they are effectively concealing something which is important for the proper understanding of them. In such a case, the audit opinion MUST be modified. (In this case, there will be NOT be a “Material Uncertainty Related to Going Concern” section.)than why in chapter 6 MCQs test Q6 answer says qualified opinion with a MURGC?
in notes it says in case of qualified opinion there will be not a MURGC.
This paragraph is in the notes, topic 4 chapter 6 second paragraph.
(If the going concern worries are not ADEQUATELY disclosed then the financial statements cannot be true and fair and they are effectively concealing something which is important for the proper understanding of them. In such a case, the audit opinion MUST be modified. (In this case, there will be NOT be a “Material Uncertainty Related to Going Concern” section.)