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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Doubt Audit Report Material Uncertainty
Hi Ken,
Just a doubt.
When audit has a material uncertainty with regard on going concern and this uncertainty has been appropriately disclosed in the financials disclosure, audit includes “material uncertainty” in the report.
I am sure that this is unmodified opinion as the “Material Uncertainty” has been correctly disclosed in the report however I am not sure if it is “modified” or “unmodified report”.
Could you pleas clarify…
Thanks a mil
Gabriella
You are right that it is an unmodified opinion. However, the report has been modified from its ‘standard’ format, so it is a modified report.