Chartered persons report
MPR Sanjay Kumar (2975 Points)
06 December 2022what is mean by modified opinion and un modified opinion in audit report
MPR Sanjay Kumar (2975 Points)
06 December 2022
Yasaswi Gomes new
(Finance )
(4469 Points)
Replied 07 December 2022
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
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"