Risk assessment and internal control

Auditing

Sir if auditor is required to give Qualified opinion but he/she gave adverse opinion. Or vice versa. Does this come under inappropriate audit opinion?

lohith perumalla

CA Inter

★ 8K+

08-Apr-24 21:40

384

Answers (3)

Best Answer

Yes . It will. Coz basis for opinion paragraph has to justify reason of qualified or adverse

Pradnya Bajaj

Faculty

08-Apr-24 23:49

Pradnya Bajaj Faculty

Yes . It will. Coz basis for opinion paragraph has to justify reason of qualified or adverse

So will it come under audit risk?

Thread Starter

lohith perumalla

CA Inter

★ 8K+

10-Apr-24 19:26

Wrong opinion is audit risk.

Pradnya Bajaj

Faculty

10-Apr-24 20:02