WebSo, a qualified opinion with going concern here is the case where auditors express a qualified opinion due to the client’s disclosure or assessment about its going concern status. Likewise, qualified opinion due to going concern usually happens in two circumstances: Inadequate disclosure: this is the case where the client’s use of going ... WebApr 12, 2024 · KUALA LUMPUR (April 12): Sealink International Bhd’s auditor Messrs Grant Thornton Malaysia PLT has issued an audit opinion with a material uncertainty related to the company’s ability to continue as a going concern. This is the second time the external auditor raises its doubt on the marine support vessel operator’s future prospects. The …

Going-Concern Opinions May Be Poised for a …

Webgoing concern exists, and for which adequate disclosure has been made in the financial statements. The use of a separate section that includes reference to the fact that a … WebJul 8, 2024 · Going Concern — Key Considerations Related to Performing a Comprehensive Assessment Background The requirement in U.S. GAAP to evaluate an entity’s ability to continue as a going concern as of each … leadsonline law

The analysis of influencing factors on the going concern audit opinion …

WebA going concern is an accounting term for a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the … WebOct 30, 2024 · Going concern opinions that use conditional language in expressing a conclusion concerning the existence of substantial doubt about the entity's ability to … WebAn Entity’s Ability to Continue as a Going Concern 2047 AU Section 341 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern* Source: SAS No. 59. See section 9341 for interpretations of this section. Effective for audits of financial statements for periods beginning on or after January 1, 1989, unless ... lead sonographer jobs