An emphasis-of-matter paragraph is used with an unmodified opinion when: a. A significant uncertainty exists that should

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An emphasis-of-matter paragraph is used with an unmodified opinion when:

a. A significant uncertainty exists that should be brought to the financial statements user’s attention.

b. An extreme limitation of the scope of the audit exists.

c. There is a disagreement with those charged with governance regarding the selection of accounting policies.

d. A client has an unjustified change in accounting principle.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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