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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Modification in audit report due to going concern
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
No 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.