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

Question

Quizplus · Accepted Answer

An emphasis of matter paragraph is used to draw attention to a matter that is appropriately presented or disclosed in the financial statements but is of such importance that it is fundamental to users' understanding. It does not affect the auditor's opinion, meaning the opinion is not qualified in this respect.

The Emphasis of Matter Paragraph in an Audit Report Would