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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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
