Which of the following are consequences of failure to comply with the legal requirements of maintaining financial records?
a. fines
b. prosecution
c. difficulties raising finance
d. unqualified audit report
e. damaged reputation
f. qualified audit report
Ask the Tutor ACCA BT
LEGAL REQUIREMENT
MA ANSWER WAS a, b, c, d, e, because i believe they should be consequences but I was given an answer of a, b, c, e and f only qualified audit report should not be a consequence whats ur take on this sir
9y ago#2I agree with A B C E F
An unqualified audit report is given only if the financial statements show a true and fair view. They could not do that if proper financial records had not been maintained.
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