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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit Report
Hey is the audit report(modified/unmodified) lecture updated? And i have a doubt. Why there is a separate paragraph for ‘Material Uncertainty relating to Going Concern’ but then it also has to be disclosed in the ‘Emphasis of Matter Paragraph’.
This is what is explained in the lectures.
Please accept our apologies that there is a discrepancy in the notes/lectures regarding MURGC and EoM. Since MURGC now has its own place in an auditor’s report (when it is adequately disclosed), it has no place in an EoM – and EoM would be used for other matters that are adequately disclosed in the financial statements (e.g. there could significant pending litigation which does not create material uncertainty about going concern).
Oh thank you so much for the clarification.
You’re welcome and thank you for drawing to my attention to have it corrected.