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you are right it was the first issue in Q 2 i think and 1.6m was material to the revenue i put except for opinion if the misstatement is not corrected
I have studied my self and I think i have made a mistake lol if i fail then i will take classes from Skans
ROMM i have mentioned in previous comments now I have SBR and AFM coming up have you got more exams coming this week?
May be I am confusing Q2 and Q3 with each other you are right 1.6m was not material but somewhere in q2 and 3 there was an except for opinion supposed to be given in one of the issues but may be i got it wrong,lol.
And Q3 was about the quality of the audit so chances are i am mixing these two.
In q1 what ROMM did u write if you can rememberi did the same for 5.5m and in Q 2 i think in first issue the opinion would be modified with an except for.
And in Q1 te business risks were i think regulated industry issues e.g penalties, any customer can get harmed by the old bulidings which happen to one person in scenario, and `too much repairs are needed for old buildings which can have an impact on cashflows of company and another i Put people are not too much into teaters they can go to other mediums of entertainment. and i think financing wa the issue as well
ROMM I wrote in above commentI think ROMM were
1-Risk that repairment cost could be of capital nature so should be divided between capital expenditures and expensses.
2-New acquiral of subsidiary’ net assets fair value can be over or under stated.
3-Revenue recognition risk may be recognised too early
there were few more which if you remember can tell
