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Ask the Tutor ACCA AA

material uncertainty

Former userFormer user5y ago

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KimKimTutor5y ago#1
I think auditor's reports and audit opinions are well explained in the notes - so do please have a careful read of the chapters. I think there is some misunderstanding on both your suggestions: Uncertainty is uncertainty - break-up basis means "this is [de facto] not a going concern". The matter on which the auditor reports "MURGC" is material uncertainty related to going concern.
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