Page 213 - AA Integrated Workbook STUDENT 2018-19

Completion and review

2.6 Reporting implications

The auditor should modify the audit opinion if the directors have not made adequate
disclosure of any material uncertainty related to going concern or if the directors have
not prepared the financial statements on the appropriate basis.

The auditor should modify the auditor's report without modifying the audit opinion if
the directors have appropriately disclosed going concern uncertainties or prepared
the financial statements on the break-up basis.

Illustrations and further practice

Now try TYU 2 in Chapter 11

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