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If you don’t attempt the business risk section of Q1 but attempt all other questions, would that count as fundamental mistake ?
ranapardeep87 wrote:There was a misstatement which was material, as acturial gain was recognised in profit and loss and not oci, so auditors provide the correction entry to be made, if not corrected opinion and report will be modified.
You can also note that on aggregate the misstatements become material.
What will be the best option. Study SBR first or AAA. I am short of time to do SBR for Sep22. Please let me know thanks.
@knight15 – welcome to OpenTuition’s forum – but you should be writing a new post on the most suitable forum (this one if you want a student answer or the tutor forum if you want a tutor answer) – as this is an old thread for a poll.
Short answer – SBR before AAA – https://opentuition.com/topic/aaa-and-sbr-2
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