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
- 5598 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
What is the purpose of meeting in audit?
What are objectives of internal audit?
Whats are the importance of evaluating an internal audit department?
who is the auditor and his deautis
Explain the basic principles of an internal audit controlsystem?
What is an internal audit?
is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me
What is an audit process?
what is audit & activities of auditor?
How do you feel u contributed to its effectiveness?
promotions of a new apointed auditor in cgda.
What is the mean of statutory audit?
What are the different advantages and disadvantages of internal audit?
what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .
What is the mean of internal audit?
