Clearification regarding notes on accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2013
Can an Auditor put their remarks related to DEBTORS & CREDITORS in the Notes on Accounts annexed with the audit report of a Concern as "Parties Balances in a few cases are subject to confirmation, reconciliation and final adjustments.". Please provide us the reference to this context.
Ganeshbabu K
(Expert)
14 August 2013
Yes,,Such note can be mentioned in Notes to Accounts.
And After assessing the Audit risk in Debtors, and creditors balances,,if client unable to provide letter of confirmations.
.
He can give disclaimer OR Modified opinion as per SA705 after conducting substanctive audit procedures AS REQUIRED in SA300
And After assessing the Audit risk in Debtors, and creditors balances,,if client unable to provide letter of confirmations.
.
He can give disclaimer OR Modified opinion as per SA705 after conducting substanctive audit procedures AS REQUIRED in SA300
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