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Material misstatement in comparative figures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Material misstatement in comparative figures

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith.
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  • September 5, 2021 at 8:07 pm #634503
    parthbhanushali
    Member
    • Topics: 34
    • Replies: 20
    • ☆☆

    What will be the effect on auditor’s report if there is a material misstatement in comparative figure.

    The effect of material misstatement was corrected in CY accounts by giving effect on retained earnings and asset/liability figures. Just the comparatives were not corrected.

    September 5, 2021 at 8:12 pm #634505
    Kim Smith
    Keymaster
    • Topics: 133
    • Replies: 8282
    • ☆☆☆☆☆

    Qualified “except for” non-comparability (!)

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