Hi Mike,
I would like to ask if for example we are a group auditor and the group recognise one of its significant component as associate whereas in substance it is a subsidiary.
If the figures of the component is material, will it gives you a material and pervasive effect and therefore lead to adverse opinion ?
Ask the Tutor ACCA AAA
Significant conponent
12y ago#1It sounds like it could very well be pervasive. Pretty well every figure in the financial statements is understated!
I'm heading towards adverse opinion :-(
Thank you so much Mike.
12y ago#3You're welcome
Sign into reply to this topic.