QuestionsCategory: SA-705Modification of Opinion
Udit ChoithaniUdit Choithani asked 2 years ago

If I issue an adverse opinion on internal financial controls over financial reporting for the company, That means that the controls over financial reporting have material weaknesses. So since the controls over financial reporting are materially weakened, the financial reporting also may contain misstatements. In this event am I mandatorily required to modify the opinion on the financial statements or I can even issue an unmodified opinion?

1 Answers
RaviRavi Staff answered 1 year ago

it is not mandatory
but if you are in doubt not getting sufficient assurance on overall financial statements, you can give disclaimer