form of opinion you would consider the most appropriate

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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question 13

 

You are the auditor of MCT Ltd. For the year ended 31 December 2018, MCT disclosed in its
financial statements that its revenue would increase by 100% in the next 12 months once the
friendly takeover of another company is completed. The negotiation of the takeover started in 2018
and is expected to be finalised in March 2019.
Required:
Select which form of opinion you would consider the most appropriate to use. Give reasons.
Transcribed Image Text:You are the auditor of MCT Ltd. For the year ended 31 December 2018, MCT disclosed in its financial statements that its revenue would increase by 100% in the next 12 months once the friendly takeover of another company is completed. The negotiation of the takeover started in 2018 and is expected to be finalised in March 2019. Required: Select which form of opinion you would consider the most appropriate to use. Give reasons.
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