AAAA - Difference between Adequate and Inadequate disclosure

I recommend you use the tutor forum for technical questions (to be assured of a response) https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams Adequate disclosure means it meets all the requirements of the applicable financial reporting framework i.e. it "ticks all the boxes" of an IFRS checklist. Inadequate means it doesn't (!) - i.e. something required has been omitted. Omission is a misstatement - so if this is material, the audit opinion would need to be modified.