Doubt in RTP : Sir In question 7(c) of RTP ca final Audit, isnt the requirement for EOM para in the question wrong? coz the drafting should be made under the heading ‘material uncertainty for going concern’ in accordance with SA 570 after the key audit matters para(if applicable), in the audit report and not under EOM.

Questions › Category: Questions › Doubt in RTP : Sir In question 7(c) of RTP ca final Audit, isnt the requirement for EOM para in the question wrong? coz the drafting should be made under the heading ‘material uncertainty for going concern’ in accordance with SA 570 after the key audit matters para(if applicable), in the audit report and not under EOM.

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Jaspreet Singh asked 6 years ago

<span>Sir In question 7(c) of RTP ca final Audit, isnt the requirement for EOM para in the question wrong?</span> <span>coz the drafting should be made under the heading ‘material uncertainty for going concern’ in accordance with SA 570 after the key audit matters para(if applicable), in the audit report and not under EOM.</span>

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Ravi Staff answered 6 years ago

Yes answer is given as per old SA 570 as per new SA 570 , you have to explain uncertainty in sperate para ” Material Uncertainty of Going Concern”