Multiple Choice Questions on The management of a company to which AS3 is not applicable does not include statement of cash flows ........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

The management of a company to which AS3 is not applicable does not include statement of cash flows ...........

Auditing Audit and auditor's report
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    The management of a company, to which AS3 is not applicable, does not include statement of cash flows in its annual report. The auditor should express

    Unqualified opinion

    Correct Answer

    Qualified opinion

    Incorrect Answer

    Adverse opinion

    Incorrect Answer

    Any of these depending upon materiality and pervasiveness and adequacy of disclosure

    Incorrect Answer
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    Explanation:

    Unqualified opinion

    Certain companies are not required to prepare cash flow statement,it doesnot mean that there is anything.wrong

    Unqualified opinion provided by auditor means a clean report by auditor.

     

    By: Parvesh Mehta
    ProfileResources

    Let's Discuss

    PARTH SARTHI

    why??

    0 0 reply

    Ankur sharma

    updated in explanation kindly check

     0 0 reply
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