Sir, If the company not include going concern disclosure at all then we will issue adverse opinion.
But if company include inadequate disclosure then what opinion we will issued. ( Qualified expect for, or adverse)
Please advise. Thanks
Ask the Tutor ACCA AAA
Modification in audit report due to going concern
5y ago#1No disclosure at all is the extreme of "inadequate" - but it does not make "except for the the lack of disclosure ..." a pervasive matter. If there is only uncertainty (rather than certainty) that the going concern basis may be inappropriate, there is nothing "wrong" per se, in reported assets, liabilities, etc, etc - so CANNOT be adverse. See page 115 of the notes.
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