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Question 4 Yew in the December 2011 paper, there is a going concern issue with Yew as they are having difficulties sourcing financing and have a low cash balance for the year end.
A note should be disclosed in the FS around the going concern of Yes, however, under the new audit report layout would a material uncertain relating to going concern pointing shareholders to this disclosure note be added to the audit report? If so, would this go below the basis for opinion paragraph?
Yes, and below, but above KAM