Please explain:- "it's exceptions are sufficiently material to negate the expression of an opinion" as mentioned in clause 8 part 1 of second schedule
Questions › Category: CA-Final Prof Ethics › Please explain:- "it's exceptions are sufficiently material to negate the expression of an opinion" as mentioned in clause 8 part 1 of second schedule
here exceptions means — instances of lack of evidences
so if exceptions are many and material then auditor should give disclaimer (negate opinion)
if auditor still gives opinon instead of negating it then it will be misconduct
Jasmine Kaur
Ravi