The addition of an emphasis of matter paragraph in an audit report:
A)is required by the standards to be included in all audit reports.
B)is only included for going concern uncertainties.
C)does not affect the auditor's opinion.
D)does affect the auditor's opinion.

Question

Quizplus · Accepted Answer

An emphasis of matter paragraph is used to draw attention to a matter that is fundamental to users' understanding of the financial statements, but it does not affect the auditor's opinion on those statements.

The Addition of an Emphasis of Matter Paragraph in an Audit