Acca aa s21 Notes

Qualified Opinion
We have audited ... 
In our opinion, except for the effects of the matter described in the 
Basis for Qualified Opinion
section of our report, the accompanying financial statements present fairly, in all material 
respects …
Basis for Qualified Opinion
The Company's property, plant and equipment is carried in the statement of financial position 
at $xxx. Management has not depreciated ... which constitutes a departure from IFRSs. The 
Company's records indicate that had management depreciated ..., the company would have 
recognised depreciation of $xxx in the statement of profit or loss ... The carrying amount... in the 
statement of financial position would have been reduced by the same amount ....
September 2021 to June 2022 exams
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9. Material misstatement/‘adverse opinion’
Finally, a modified opinion when one or more material misstatements are so significant that the 
auditor concludes that the financial statements are not presented fairly. Here the matter in dispute is 
the basis of accounting used in the preparation of the financial statements which is clearly pervasive.
Adverse Opinion
We have audited ...
In our opinion, because of the significance of the matter described in the 
Basis for Adverse 
Opinion
section of our report, the accompanying financial statements do not present fairly ...
Basis for Adverse Opinion
The Company's financing arrangements expired ... and is considering filing for bankruptcy ... a 
material uncertainty exists... The financial statements do not adequately disclose this fact ...