Independent audit report (iar) for much loss making company
This query is : Resolved
Mahendra Kumar
(Querist)
22 September 2018
One of my client incurred much loss (6 time of Assets & Capital) in private Limited Company Balance sheet and no sales in previous year.
Which Independent Audit report (IAR) I will issue? And is any reporting required on going concern accounting standard and where?
Please suggest me
Which Independent Audit report (IAR) I will issue? And is any reporting required on going concern accounting standard and where?
Please suggest me
23 September 2018
Material Uncertainty Related to Going Concern should be included in the body of the IAR. For details and format of IAR see SA 700.
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