In mid-August, the Ministry of Finance started work on a draft law, which provides for the creation of a new institution to supervise the activities of audit firms. The new law is intended to reduce the risk for investors and restore confidence in statutory auditors, which was damaged after the recent disclosure of improper practices by GetBack.
Sometimes there may be situations that require changes to be made to the financial statements and, consequently, appropriate entries to be made in the accounting books. However, the question remains: what date should be placed on the second version of the report?
What are the types of opinions issued by certified auditors and what could the consequences of these opinions be?