Acca aa s21 Notes

Qualified audit opinion (except for)
One or both has arisen. The problem is material but not pervasive, so the problem can be isolated. The 
financial statements present fairly, in all material respects, except for…
Adverse opinion
One or more material misstatements that are so serious as to be pervasive so that the financial 
statements, as a whole, do not present fairly ...
Disclaimer of opinion
A lack of sufficient appropriate audit evidence that is so serious as to be pervasive so that the auditor 
cannot form an opinion on the financial statements as a whole.
September 2021 to June 2022 exams
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Additions to the auditor’s report
Remember also that there can be additions to the auditor’s report that do not affect the opinion. 
These are:
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Material uncertainty related to going concern
Draws attention to material uncertainty that has been adequately disclosed.
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Emphasis of matter paragraph
Draws attention to a matter already properly disclosed in the financial statements.
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Other matter paragraph
To communicate a matter that is not presented or disclosed in the financial statements which is 
relevant to the user's understanding of the audit, the auditor's responsibilities or the auditor's 
report.
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Other information paragraph
Typically, drawing attention to a statement in the directors’ report or chairman’s report which 
contradicts with what is in the financial statements.
September 2021 to June 2022 exams
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