Going concern inappropriate

Sir what if the going concern is inappropriate And the management discloses the same. Whether the auditor should give adverse opinion or Unqualified Opinion. Note: the objective of audit it the ensure the financial statements exhibits true and fair view. Hear the financial is true and fair since they disclosed the going concern inappropriateness. So why can't an auditor give unqualified opinion

saravanan k

saravanan k

CA Inter


15-Nov-20 22:52


Answers (1)

If disclosure is appropriate, it would be an unqualified opinion. However, he will draw the attention of the users by KAM para or Emphasis Para.

Suraj Lakhotia

Suraj Lakhotia


16-Nov-20 10:07