Sarvesh KoushikSarvesh Koushik asked 2 years ago

What opinion should auditor give?

4 Answers
RaviRavi Staff answered 2 years ago

if going concern is inappropriate 
they have to adjust financial statements and disclose it also in notes to accounts
only disclosure wont be sufficient  (disclosure alone is sufficient when there is only material uncertainty and management has mitigated / compensated it)

Auditaudit Staff answered 2 years ago

If above things are performed, i.e included in notes to accounts. Can auditor give unqualified report 

RaviRavi Staff answered 2 years ago

when going concern is inappropriate mere disclosure wont be sufficient, we will have to qualify / adverse as the case may be 

Auditaudit Staff answered 2 years ago

Okay 

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