The emphasis of matter paragraph in an audit report would normally refer to the fact that the auditor's opinion is:
A) qualified in this respect.
B) not qualified in this respect.
C) a disclaimer of opinion.
D) an adverse opinion.

Question

Quizplus · Accepted Answer

An emphasis of matter paragraph is included in an audit report to draw attention to an item presented or disclosed in the financial statements that is of such importance that it is fundamental to users' understanding of the financial statements. The inclusion of this paragraph does not affect the auditor's opinion, meaning the opinion is not qualified because of the matter emphasized.

The Emphasis of Matter Paragraph in an Audit Report Would