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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Going Concern & the effect on the auditor's report
Sir kindly confirm if i have this correct.
If the going concern assumption is appropriate but a material uncertainty exist.
The auditor concluded that a disclosure was made in the financial statements and that it was adequate.
Effect on auditor’s report as follows:
Modify audit report with the inclusion of a “Material Uncertainty Relating to Going Concern Paragraph”.
Correct.
