How confident are you that the December 14 answers are right?

Actually, as previously discussed, I am not at all confident about my answer to Q12. Instead of B, I think it might be D. The second statement in the question says; "Where the use of the going concern assumption is inappropriate, the auditor should include a qualified opinion in the audit report" First doubt: an adverse opinion not a qualified opinion might be more appropriate. Second doubt: the question does not state on what basis the FS were drawn up. If they had been produced on a break-up basis and because the going concern assumption was inappropriate, then there would be no qualification or adverse opinion needed. I don't know what ACCA means by "Where the use of the going concern assumption is inappropriate....". Is it a sloppy and incorrect way of saying the company is not a going concern but the FS have been drawn up on that basis? Do you see what I'm getting at?

Very disappointed with how a lot of these answers have multiple possibilities instead of being clear cut with one answer that is wholly correct. The same case with F9 - very upsetting when you study so hard and do not get your knowledge and application skills fairly tested. :(

gromit. i appreciate your analysis on this. is it possible we can submit a feedback to ACCA regarding this ambiguity since 2 marks can make a lot of difference between pass and fail?

Thanks for the reply Gromit Can you please explain to me why an adverse opinion is not a qualified opinion. I've no doubt you've done this countless time in the past but I can't quickly see a reverent thread. I thought any opinion other than clean was qualified! I can see your point about q12. Thankfully I didnt see the problem during the exam :-)

Opinions can be modified in three ways: Qualified = except...for Adverse Disclaimer Qualified is not a synonym for 'modified' nor an antonym for 'clean'. See ISA 705 para 2.

Hi, ok, understood Got it now thanks