- This topic has 5 replies, 3 voices, and was last updated 1 year ago by
Kim Smith.
Kim Smith.-
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mikkyjerry
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In attempting to answer question,is it compulsory to make reference to ISA or
IFRS?
Kim Smith
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Short answer no – use search or try this for further explanations https://opentuition.com/topic/isa-14
Anonymous
- Topics: 40
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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?
Kim Smith
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Spot 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).
Anonymous
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Can you tell what type of audit risk would be there for not including disclosures
Kim Smith
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PLEASE 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.
mikkyjerry
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