Question
Management have excluded from the financial report the necessary disclosures in relation to a contingent liability .If this becomes an actual liability it will have
Management have excluded from the financial report the necessary disclosures in relation to
a contingent liability .If this becomes an actual liability it will have a material effect on the financial
report.The item is not expected to any other material effects on the financial statements.
Explain the type of audit opinion that should be expressed.
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Financial Accounting Information for Decisions
Authors: John J. Wild
8th edition
125953300X, 978-1259533006
