" In our opinion, the financial statements give a true and fair view of the state of the Company's affairs and have been properly prepared in accordance with the Hong Kong Companies Ordinance. " Q: (i) Suggest all the possible opinion(s) that the auditor may give when the condition is not met. (ii) State and explain the factor an auditor considers when choosing between the possible opinions in each condition? How does it affect the auditor's decision?
" In our opinion, the financial statements give a true and fair view of the state of the Company's affairs and have been properly prepared in accordance with the Hong Kong Companies Ordinance. " Q: (i) Suggest all the possible opinion(s) that the auditor may give when the condition is not met. (ii) State and explain the factor an auditor considers when choosing between the possible opinions in each condition? How does it affect the auditor's decision?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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" In our opinion, the financial statements give a true and fair view of the state of the Company's affairs and have been properly prepared in accordance with the Hong Kong Companies Ordinance. "
Q:
(i) Suggest all the possible opinion(s) that the auditor may give when the condition is not met.
(ii) State and explain the factor an auditor considers when choosing between the possible opinions in each condition? How does it affect the auditor's decision?
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