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Dakshita MehtaDakshita Mehta asked 6 months ago

Sir what is the difference between the two?Why in one we hv Qualified opinion and in second Adverse?
https://drive.google.com/file/d/15qgoVMxit87-zB1yCYW-B2DiJld7we7a/view?usp=sharing

1 Answers
RaviRavi Staff answered 6 months ago

in both cases companies are able to repay their  borrowings  so their is material uncertainty in both cases that means going concern depends on happening or not happening of future events (financial through banks or through insolvency proceedings ) 
 
they are assuming probability of surviving is more than 50% and GC is valid. 
 
in XYZ ltd there is partial disclosure and in ABC ltd there is no disclosure so accordingly they have applied qualified and adverse opinion   

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