AUDIT REPORT

This topic has 1 reply, 2 voices, and was last updated 10 years ago by Ken Garrett.

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February 20, 2016 at 11:43 am #301232
bigty
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Hi,

will a note that has been included in the financial statements by the directors for a non-adjusting event require an emphasis of matter paragraph.
February 20, 2016 at 12:14 pm #301237
Ken Garrett
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Iit depends what the non-adjusting event is.

For example, if it is saying that the factory burnt down just after year end then there will probably be going concern considerations and EoM would be appropriate.

If the event is less serious then EoM would not be needed.
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