Sarvesh KoushikSarvesh Koushik asked 2 years ago

If summary FST and regular FST differ in a way that Summary Statements give true and fair view but not orignal FST?
Is “Denial of Opinion” applicable in that case also?

2 Answers
RaviRavi Staff answered 2 years ago

Sarvesh it can never happen that way, summary is derived as it is from complete financial statement, no changes are made in data, it is only compression by removing bulky notes to accounts. then only we give opinion, that summary is consistent with complete financial statements in all material requests
if such changes are made it is not consistent summary, we will have to qualify that there is no consistency 
so i will say such situation will not arise

Auditaudit Staff answered 2 years ago


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