Chartered persons report

186 views 1 replies
what is mean by existence, assertion in auditors report???


what is mean by modified opinion and un modified opinion in audit report
Replies (1)

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

PDF


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register