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Strawberry (Jun 12) Q183:
Auditor have concluded Strawberry is not a going concern , why they give an audit opinion of “Adverse opinion” ?Welcome to OpenTuition’s forums! But please note, for a prompter answer (and from a tutor rather than another student) I recommend that you use the tutor forum in future https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams
But while I’m here … the short answer is “because ISA 570 says so” … This is explained in the 3rd para on page 40 of our notes – if the basis of preparation of the FS is wrong, that must affect the FS as a whole – this is also illustrated on page 43 of the notes.
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