Interested to Buy Any Domain ? << Click Here >> for more details...
an auditor gave his report and later he found an material
misstatement in the financial statements regarding the
period for which he gave report.now he is willing to change
his opinion.is it possible.
- 2 Answers
- 5482 Views
- I also Faced
- E-Mail Answers
Answer Posted / latha
If once he gave the report, he is not suppose to change any
entries or he can not make any changes int he financial
statment.
but only given report means not a problem, still
finalisation he can adjust the entries by putting Journals,
but after preparation of Balance Sheet it is not possible,
Once it is signed & submitted means.....not possible.
if any adjustment or any new entries is there means, he can
taken into next period by showing O/s for that year.
Overall view we can say, in some cases changeing opinion
can be submitt, or in someother cases it can not be so easy
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Explain tangible assets?
What is the difference between internal audit and statutory audit?
Explain how to do an internal audit effectively?
How to Computation Advance Tax For First Quarter
for how much loan a borrower has to submit QIS
Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?
Explain the purpose of meeting in audit?
Why a company or firm should carry out the audit related work.
Explain about cross functional audits?
What do you mean by vouching?
What are the different advantages and disadvantages of internal audit?
i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.
What was your most rewarding accomplishment of your career and why
How would you describe your management style
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
