Emphasize on Going Concern by the auditor

[smraza]

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HI g!!!!!
MUJHAY AHSAN SATTI KEHTAY HAIN|!!!!!

IF U CONSULT THE ICAP QCP REPORT<RELATING TO QUALITY CONTROL PROGRAMME 1999-2000>U WILL FIND OUT THAT THERE USED TO BE AN AUDITOR WHO DID THIS KIND OF BULLSHITAND ADDEDA REMARK REGARDINGGOING CONCERN UNDER THE HEAD OF "EMPHASIS"AND WITHOUT QUALIFYING HIS OPINION.....
THIS IS TOTALLY WRONG JANAB WHENEVER AUDITOR AUDITS A COMPANY ITS HIS RESPONSIBILITY TO QUESTION

THE INHERENT RISKS
THE CONTROL RISKS
THE DETECTION RISKS

THIS SHOULD NOT ONLY BE DONE DURING BUT ALSO REVIEWED AFTERWARDS TO SEE IF THE FINANCIAL STATEMENTS ARE NOT MATERIALLY MISSTATED.IF ANY ASSUMPTION IS INVALID HE SHOULD DISCLOSE SO IN THE FINANCIAL STATEMENTS AND NOT IN NOTES ALONG WITH HIS BASIS FOR FINANCIAL STATEMENTS YOU CAN SEE THE RELEVENT ISA...
WAISAY IS BAAT PER ACCHA KHASA DEBATE HO SAKTA HAI SO KABHI AAAEIN NA ICMAP,ISLAMABAD AND ASK FOR AHSAN SATTI PROFESSIONAL III

THANKS

SATTIg
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aray Chanda,
go through the auditing standards, and also go through the whole postings made by members, then u will be able to understand the theme of the topic.
take care.

SMR