june 2011 question 5c

sir can i answer this question in the following way Issue : (separate para for ) 1) depreciation 2) Wages 3) Lawsuit QUALIFIED OPINION : In our opinion, except for matter discussed in basis of qualified opinion paragraph, financial statement gives true and fair view of Minnie Co and its financial performance and cash flow for the year end in accordance with applicable accounting standards BASIS OF QUALIFIED OPINION : (separate para for ) 1) Depreciation 2) Wages MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : (For the law suit)