Dear mike
I am confused about new isa 570 and isa 701
Now when i face uncertain material in going concern , which paragraph i should use in exam Emphasis of matter or material uncertain related to going concern?
in all revision kit i used to use emphasis of matter but after read articles i am confused
also in KAM paragraph i dont no when i can refer to it in exam , the examiner will directley ask me?
And other issue plz, in revision kit i also see the basis of opinion paragraph comes before opinion however in articles i found the emphasis of matter after opinion
plz help me in those issues
thanks
Ask the Tutor ACCA AAA
Going concern
'material uncertain related to going concern?' is the one to go for and NOT emphasis of matter
'also in KAM paragraph i dont no when i can refer to it in exam , the examiner will directley ask me?'
A scenario question could well be asked that requires a KAM and an EOM for two separate issues
'in revision kit i also see ... ' The revision kit will contain many questions and answers from past exam questions that pre-date the revised ISA
The answers to those questions will not have been updated to bring them into line with the revised ISA
Read the article at least 6 more times between now and Monday
Here's the link, again!
https://www.accaglobal.com/zm/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/technical-articles/auditor-report.html
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