In my point this an Adverse opinion.
Because the misstatements are pervasive when that misstatement materially affect others items or transactions in financial statements and lead to users who use the financial statements make an incorrect decision.
+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)
+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)+ Click Here to Search (Looking For something at vustudents.ning.com?) + Click Here To Join (Our facebook study Group)
yeah! bilal sab
FIN621•••\\\•••GDB :- Solution Spring 2019
The auditor opinion is adverse opinion because the financial statements are inconformity with the accounting standards as applicable in Pakistan. The company also not gives the true and the fair view about the loss and the company’s affairs.
The company use the wrong tools to mislead the auditor and the financial statements are incomplete and not have the proper evidence and record