• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

Modification in audit report due to going concern

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Modification in audit report due to going concern

  • This topic has 1 reply, 2 voices, and was last updated 9 months ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 3, 2021 at 4:47 am #634057
    RazaHussain7292
    • Topics: 7
    • Replies: 5
    • ☆

    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

    September 3, 2021 at 8:20 am #634087
    Kim Smith
    Keymaster
    • Topics: 88
    • Replies: 6090
    • ☆☆☆☆☆

    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.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • mannannagpal on Sources of data – ACCA Management Accounting (MA)
  • mannannagpal on Sources of data – ACCA Management Accounting (MA)
  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on The valuation of securities – The valuation of equity – ACCA Financial Management (FM)
  • John Moffat on Objectives of organisations – ACCA (AFM) lectures

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy