All of the following would require an emphasis of matter paragraph except for
A) the existence of material related party transactions.
B) the lack of auditor independence.
C) important events occurring subsequent to the balance sheet date.
D) material uncertainties disclosed in the footnotes.

Question

Quizplus · Accepted Answer

An emphasis of matter paragraph is used by auditors to draw attention to matters that are appropriately presented or disclosed in the financial statements. The lack of auditor independence is a fundamental issue that would preclude the auditor from issuing an opinion on the financial statements, rather than leading to an emphasis of matter paragraph.

All of the Following Would Require an Emphasis of Matter