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  • Unmodified Opinion: Structure Modified Opinion: Types 1. Qualified Except For 2. Adverse 3. Disclaimer Steps

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    REty
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    Opinion

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    5 views2 pages

    Unmodified Opinion: Structure Modified Opinion: Types 1. Qualified Except For 2. Adverse 3. Disclaimer Steps

    Uploaded by

    REty

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Unmodified Opinion: Structure

    Modified Opinion: Type + Structure


    TYPES
    1. Qualified Except For
    Misstatement + Inability ----> (Material)
    2. Adverse
    Misstatement -- Pervasive

    3. Disclaimer
    Inability - Pervasive

    Steps
    a. Material Misstatement or Inability to get SAE
    b. Materiality
    1. Immaterial
    2. Material
    3. Pervasive
    PARGRAPHS: (for correctly given
    disclosures)
    1. MUGC
    2. EOMP
    3. OMP

    Going Concern:
    A.Uncertainty Exist
    1. Mgmt accepts + disclose
    2. Mgmt does not accept + No Disc

    B.GC related assumptions are correct


    1. Mgmt Accepts -> Breakup Basis
    2. Mgmt refuse -> Adverse

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