ISA 706 (Emphasis of Matter Paragraph) (2)

Question 1

When an emphasis of amtter paragraph used (audit matters significance)

Answer 1

It can come immediately before or after the key audit matters, depending on significance of the information

Question 2

When an emphasis of matter paragraph used (emphasis)

Answer 2

It is entitled “Emphasis of matter”

Question 3

When an emphasis of matter paragraph used (reference disclosures matter FSs)

Answer 3

Paragraph makes a clear reference to matter being emphasised and to where relevant disclosures that fully describe the matter can be found in FSs

Question 4

When an emphasis of matter paragraph used (opinion modified emphasised)

Answer 4

Paragraph must state auditor’s opinion is not modified in respect of matter emphasised