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AAA – L3 – SA – Q1.10 – Audit Opinion
Audit opinion for disclosed zero-interest loan.
Question
If a client has a loan from another group company at zero rate of interest and discloses it in a note to the financial statements, what is the correct audit opinion?
A It depends whether the item is material
B Qualified opinion, ‘except for’
C Qualified opinion, ‘adverse’
D Unqualified
Find Related Questions by Tags, levels, etc.
- Tags: Audit opinion, Financial Statement Disclosure, Going Concern, ICAG
- Level: Level 3
- Topic: Reporting
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