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Would appreciate some help!
If the audit opinion is modified to qualify the audit due to inadequate going concern disclosure in respects to a material uncertainty, will there also be a note for material uncertainty for going concern under the “emphasis of matter” paragraph and under a separate heading for “material uncertainty of going concern”? This is for UK variant paper.
Thanks for your help!
See page 122 of the notes – any “matter” has only one correct place in an auditor’s report.
The “Material Uncertainty Related to Going Concern” section of the report IS, effectively, an EoM relating to going concern – i.e. it draws attention to this specific matter that IS ADEQUATELY DISCLOSED.
As for an EoM, an MURGC is NOT included if the matter is not adequately disclosed – as there will be no note in the financial statements to draw attention to the matter.
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