Substantial Doubt 가 있을때, 어떤 Opinion이 적절할까?

■The types of opinion

Exceptions	Types of Audit Opinion
	Immaterial	Material	Material and Pervasive
Scope Limitation	Unmodified	Qualified	Disclaimer
Departure from GAAP	Unmodified	Qualified	Adverse

 

---

■ A Substantial Doubt

---

-Unmodified Opinion is O.K.

 

By itself, this doubt does not require a modification of the opinion.

 

즉, By itself, a substantial doubt about an entity’s ability to continue as a going concern does not require a modification of the opinion paragraph. 

 

■ E-o-m에 꼭 담아야 하는 것

 

If an auditor determines that there is substantial doubt about an entity’s ability to continue operations for a reasonable period, the auditor should include an emphasis-of-matter paragraph in the audit report describing the going-concern issue. 

 

This paragraph should include the terms “substantial doubt” and “going concern”.

 

 

○ The auditor does not have discretion regarding inclusion of the paragraph.

 

 

↔■ E-o-m 에 담는 것이 선택(may consider)인 경우

 

Examples of circumstances when the auditor may consider an emphasis-of-matter paragraph to be necessary include

(1) an uncertainty relating to the outcome of unusually important litigation or regulatory action,

(2) a major catastrophe that has had (or continues to have) a significant effect on the entity’s financial position,

(3) significant transactions with related parties, and

(4) unusually important subsequent events.

 

 

참고:

https://efforty.tistory.com/13

문단 순서: Basis → Opinion → e-o-m → o-m

 

 

※ 주의?! However, if the entity’s disclosures about the issue are inadequate, the misstatement may result in a qualified or an adverse opinion.

 

---

- Disclaimer of Opinion is O.K.

 

However, an auditor may disclaim an opinion in these circumstances. 

 

 

---

- Qualified Opinion is Not allowed.

 

Thus, a qualified opinion is inappropriate.

 

However, if the entity’s disclosures about the issue are inadequate, the misstatement may result in a qualified or an adverse opinion.