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GOING CONCERN

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

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by choopea.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • February 17, 2019 at 8:46 am #505029
    choopea
    Participant
    • Topics: 5
    • Replies: 4
    • ☆

    Hi.

    Where do we actually put going concern problems on the audit report?

    I’ve read one topic here that said we put it under paragraph “Material Uncertainty Related to Going Concern”, given that this matter has been properly disclosed in financial statement.

    But on AA opentuition notes, page 37, it says that we put it under paragraph “Emphasis of Matter”.

    So, which paragraph do this going concern problems belong to?

    Thank you in advance! ??

    February 17, 2019 at 11:02 am #505490
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8304
    • ☆☆☆☆☆

    MURGC is correct as it effectively “replaces” EoM in respect of going concern. But I believe this has been corrected in the notes. Amended notes with clarifications in respect of auditor’s reports and the audit opinion were uploaded in December.

    February 27, 2019 at 7:42 pm #506765
    choopea
    Participant
    • Topics: 5
    • Replies: 4
    • ☆

    Aha yes! I checked the updated notes the other, my bad. Thank you sir!!!

  • Author
    Posts
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  • The topic ‘GOING CONCERN’ is closed to new replies.

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