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Reports

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Reports

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by mjibola.
Viewing 3 posts - 1 through 3 (of 3 total)
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    Posts
  • February 27, 2019 at 10:02 am #506677
    mjibola
    Participant
    • Topics: 131
    • Replies: 135
    • ☆☆☆

    If the matter is material but not pervasive auditor will issue “qualified opinion except for”. My question is, is this always the case?

    For instance, something like directors remuneration that is qualitatively material will also be a “qualified opinion with except for” or just qualified as it simply does not show a true and fair view.

    February 27, 2019 at 12:05 pm #506696
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    There are three forms of modified opinion: qualified, adverse or disclaimer.

    Qualified means ‘except for’. So, ‘I like all vegetables’ is an unqualified atatemenf, ‘I like all vegetables except for carrots’, is a qualified statement. It’s the ‘except for’ that creates the qualification.

    February 27, 2019 at 1:57 pm #506703
    mjibola
    Participant
    • Topics: 131
    • Replies: 135
    • ☆☆☆

    Thank you

  • Author
    Posts
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  • The topic ‘Reports’ is closed to new replies.

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