Interested to Buy Any Domain ? << Click Here >> for more details...
an auditor gave his report and later he found an material
misstatement in the financial statements regarding the
period for which he gave report.now he is willing to change
his opinion.is it possible.
- 2 Answers
- 5576 Views
- I also Faced
- E-Mail Answers
Answer Posted / latha
If once he gave the report, he is not suppose to change any
entries or he can not make any changes int he financial
statment.
but only given report means not a problem, still
finalisation he can adjust the entries by putting Journals,
but after preparation of Balance Sheet it is not possible,
Once it is signed & submitted means.....not possible.
if any adjustment or any new entries is there means, he can
taken into next period by showing O/s for that year.
Overall view we can say, in some cases changeing opinion
can be submitt, or in someother cases it can not be so easy
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is vouching?
What do you know about KPMG?
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
Should the duty of creating a purchase order be segregated from the duty of creating a vendor?
What are the essential of internal audit?
What do you mean by vouching?
Explain how to do an internal audit effectively?
Do you know what are the reasons for getting audited?
Explain the difference between internal audit and external audit?
Audit strategy based
what is audit & activities of auditor?
What techniques used during an audit?
Why do you want to work in audit?
How to Computation Advance Tax For First Quarter
Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.
