Non-compliance with accounting standard

The wording of the qualified report is very similar to the Unqualified opinion, but an explanatory paragraph is added to explain the reasons for the qualification after the scope paragraph but before the opinion paragraph. The introductory paragraph is left exactly the same as in the unqualified opinion, while the scope and the opinion paragraphs receive a slight modification in line with the qualification in the explanatory paragraph.

The scope paragraph is edited to include the following phrase in the first sentence, so that the user may be immediately aware of the qualification. This placement also informs the user that, except for the qualification, the rest of the audit was performed without qualifications:

“Except as discussed in the following paragraph, we conducted our audit...

 

1. i think u must mention in para first and then give an qualified opinion on the basis of para ,immediately after the paragraph,so tht users and investors r aware of the opinion

2. u must explain or have explanatory paragraph for the uncertainties faced and explain the consequences

regards

sripal jain

2,

Thank you sir.