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EOM AND GOING CONCERN

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › EOM AND GOING CONCERN

  • This topic has 4 replies, 2 voices, and was last updated 6 years ago by avishco.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • June 2, 2019 at 7:14 am #518325
    avishco
    Participant
    • Topics: 17
    • Replies: 44
    • ☆☆

    Dear Sir,

    Do can we use eom to mention going concern uncertainty in the audit report?

    or we should use a separate paragraph as uncertainty related to going concern only?

    June 2, 2019 at 7:44 am #518329
    Kim Smith
    Keymaster
    • Topics: 138
    • Replies: 8419
    • ☆☆☆☆☆

    An EOM is not used for MURGC.

    June 2, 2019 at 8:33 am #518337
    avishco
    Participant
    • Topics: 17
    • Replies: 44
    • ☆☆

    okay sir but is it correct to use eom when fs is being prepared under break up basis?

    thxx

    June 2, 2019 at 1:57 pm #518377
    Kim Smith
    Keymaster
    • Topics: 138
    • Replies: 8419
    • ☆☆☆☆☆

    Yes. That wouldn’t be “uncertainty”.

    June 2, 2019 at 2:23 pm #518390
    avishco
    Participant
    • Topics: 17
    • Replies: 44
    • ☆☆

    thx sir

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    Posts
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