In attempting to answer question,is it compulsory to make reference to ISA or
IFRS?
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Audit risk
5y ago#1Short answer no - use search or try this for further explanations https://opentuition.com/topic/isa-14
If adequate disclosure is not made for material uncertainty related to going concern , then is it risk over completeness of disclosure of material uncertainty related to going concern?
5y ago#3Spot on - and if complete the audit opinion is unmodified and the auditor's report includes a MURGC section. But if incomplete the audit opinion will be modified - "except for" - as there will be material misstatements (no MURGC section in this case).
Can you tell what type of audit risk would be there for not including disclosures
5y ago#5PLEASE PLEASE refer to the assertions in Chapter 16 - I have mentioned this in numerous responses - and READ what it says about the assertion "Presentation", for example.
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