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Preparing an adverse opinion audit report

This helpsheet was last updated in January 2019 and is based on the relevant laws and regulations that apply as at 1 January 2019.

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This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue an adverse opinion on the financial statements due to a material and pervasive misstatement in the financial statements. This assumes that aside from the matter giving rise to the adverse opinion, the auditor has obtained all other necessary evidence to support the opinion.

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