- 10 Marks
AAA – L3 – Q66 – Reporting
Define and explain the use of Emphasis of Matter and Other Matter paragraphs in an auditor's report for Kweku Medical Co.
Question
You are the partner responsible for the audit of Kweku Medical Co, for the year ended 30th April 2014. The final audit has been completed and you have asked the audit manager to draft the auditor’s report. The manager is aware that there is guidance for auditors relating to the auditor’s report in ISA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report. The manager has asked for your assistance in this matter.
Required:
(i) Define an “Emphasis of Matter paragraph” and explain, providing examples, the use of such a paragraph.
(ii) Define an “Other Matter paragraph” and explain, providing examples, the use of such a paragraph.
Note: You are not required to produce draft paragraphs.
Find Related Questions by Tags, levels, etc.
- Tags: Audit opinion, Auditor’s Report, Emphasis of Matter, Financial Statements, ISA 706, Other Matter
- Level: Level 3
- Topic: Reporting
