The "unmodified report with Emphasis of Matter paragraph" or the "unmodified report with an Other Matter paragraph"
A)arise as a result of an incomplete audit.
B)arise when the financial statements are not quite "presented fairly."
C)meet the criteria of a complete audit with satisfactory results but further explanation is required.
D)meet the criteria of a complete audit but with unsatisfactory results.

Question

Quizplus · Accepted Answer

An "unmodified report with Emphasis of Matter paragraph" or an "unmodified report with an Other Matter paragraph" indicates that the audit was complete and the results were satisfactory, but there is a need for further explanation on specific matters. This does not imply that the financial statements are not presented fairly or that the audit was incomplete or unsatisfactory.

The "Unmodified Report with Emphasis of Matter Paragraph" or the "Unmodified