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    706 PDF

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    Hatake Kakashi
    The document outlines requirements for including emphasis of matter paragraphs and other matter paragraphs in the auditor's report. It indicates when such paragraphs would be included and communication requirements with those charged with governance.

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    706 PDF

    Uploaded by

    Hatake Kakashi
    76 views1 page
    The document outlines requirements for including emphasis of matter paragraphs and other matter paragraphs in the auditor's report. It indicates when such paragraphs would be included and communication requirements with those charged with governance.

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    The document outlines requirements for including emphasis of matter paragraphs and other matter paragraphs in the auditor's report. It indicates when such paragraphs would be included and communication requirements with those charged with governance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    76 views1 page

    706 PDF

    Uploaded by

    Hatake Kakashi
    The document outlines requirements for including emphasis of matter paragraphs and other matter paragraphs in the auditor's report. It indicates when such paragraphs would be included and communication requirements with those charged with governance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    EMPHASI S OF MATTER PARAGRAPHS AND

    OTHER MATTER PARAGRAPHS I N THE


    PSA I NDEPENDENT AUDI TOR?S REPORT

    70 6

    S c ope Ob je c t iv e D e f in it io n s

    This PSA deals with additional communication in the auditor?s The objective of the auditor is to draw users?attention, when Emphas i s of Mat t er par agr aph
    report when the auditor considers it necessary to: in the auditor?s judgment it is necessary to do so, by additional A paragraph included in the auditor?s report that refers to a
    communication in the auditor?s report, to: matter appropriately presented or disclosed in the financial
    1. Draw users?attention to a matter or matters presented or statements that, in the auditor?s judgment, is of such
    disclosed in the financial statements that are of such 1. A matter, although appropriately presented or disclosed in importance that it is fundamental to users?understanding of the
    importance that they are fundamental to users?understanding the financial statements, that is of such importance that it is financial statements.
    of the financial statements fundamental to users?understanding of the financial
    statements or Ot her Mat t er par agr aph
    2. Draw users?attention to any matter or matters other than A paragraph included in the auditor?s report that refers to a
    those presented or disclosed in the financial statements that 2. As appropriate, any other matter that is relevant to users? matter other than those presented or disclosed in the financial
    are relevant to users?understanding of the audit, the auditor?s understanding of the audit, the auditor?s responsibilities or the statements that, in the auditor?s judgment, is relevant to users?
    responsibilities or the auditor?s report. auditor?s report. understanding of the audit, the auditor?s responsibilities or the
    auditor?s report.

    R e q u ir e m e n t s

    Emphasis of Mat t er Par agr aphs in t he Audit or ?s Repor t Ot her Mat t er Par agr aphs in t he Audit or ?s Repor t Communicat ion wit h Those
    Char ged wit h Gover nance
    If the auditor considers it necessary to draw users?attention to If the auditor considers it necessary to communicate a matter
    a matter presented or disclosed in the financial statements that other than those that are presented or disclosed in the The auditor shall
    is of such importance that it is fundamental to users? financial statements that is relevant to users?understanding of communicate with those
    understanding of the financial statements, the auditor shall the audit, the auditor?s responsibilities or the auditor?s report, charged with governance
    include an Emphasis of Matter paragraph in the auditor?s the auditor shall include an Other Matter paragraph in the regarding this expectation
    report provided: auditor?s report, provided: and the wording of this
    paragraph.
    A. The auditor would not be required to modify the opinion in (a) This is not prohibited by law or regulation; and
    accordance with PSA 705 (Revised)3 as a result of the matter;
    and (b) When PSA 701 applies, the matter has not been
    determined to be a key audit matter to be communicated in the
    B. When PSA 701 applies, the matter has not been determined auditor?s report
    to be a key audit matter to be communicated in the auditor?s
    report. (Ref: Para. A1?A3)

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