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sir has the inclusion of this KAM para, have an effect on emphasis on matter and other matter para(that basically involves mistake in other information) i dont understand why an other matter para would be necessary given the fact that in the new audit report we have to say whether other info is wrong or right ,
and secondly the Material Uncertainty Related to Going Concern para is only there in the circumstances that the going concern is reported correctly and its disclosures, however the issue there is material uncertainty Am I right?
and thanks alot sir for working overtime due to exam
“…however the issue there is material uncertainty Am I right?”
If there is uncertainty, but it’s not material (is that possible???) then it wouldn’t be the subject of that new paragraph
However, it could be classified as a ‘close call’ – for treatment of ‘close calls’ refer to the two technical articles in the P7 home page on this site
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