Chartered persons report
MPR Sanjay Kumar (3106 Points)
06 December 2022what is mean by modified opinion and un modified opinion in audit report
MPR Sanjay Kumar (3106 Points)
06 December 2022
Yasaswi Gomes new
(Finance )
(4503 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
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