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

Question

Quizplus · Accepted Answer

An emphasis of matter paragraph is added to draw attention to a matter that is appropriately presented or disclosed in the financial statements but does not affect the auditor's opinion on the financial statements as a whole.

The Addition of an Emphasis of Matter Paragraph in an Audit