what is mean by existence, assertion in auditors report???
what is mean by modified opinion and un modified opinion in audit report
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Chartered persons report
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The existence or occurrence assertion deals with whether assets or liabilities exist at a given date and whether recorded transactions have occurred. A misrepresentation would occur if fictitious sales were recorded.
If all the information in the financial statement is materially correct, the opinion of the auditors will be un-modified opinion
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