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In one of OT practice ques, there is a ques that asks what should be the auditors opinion when there are going concers uncertainities and FS are prepared on going concern basis which is appropriate, but uncertainity disclosure is not made.
Answer is: qualified opinion with MURGC paragraph. My ques is ..as the MURGC paragraph draws attention to only what has already been presented and disclosed in FS, BUT here no disclosure was made ..then why in MURGC ?What it means is that the qualified opinion will give details about the going concern issue more or less replicating the murgc para that would have been there, not that the murgc paragrapg is also in the report.
The option could be expressed better.
Ok so in this case the opinion will be qualified but it will not include murgc para.. if am not wrong…
Thanks
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