CTHRepealedLegislation
ASA 706 - Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report - October 2009
Scope of this Auditing StandardScope of this Auditing Standard
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Turn the raw legal text into a practical explanation grounded in ASA 706 - Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report - October 2009.
Scope of this Auditing Standard
- This Auditing Standard deals with the auditor’s responsibility regarding additional communication in the auditor’s report when the auditor considers it necessary to:
- Draw users’ attention to a matter or matters presented or disclosed in the financial report that are of such importance that they are fundamental to users’ understanding of the financial report; or
- Draw users’ attention to any matter or matters other than those presented or disclosed in the financial report that are relevant to users’ understanding of the audit, the auditor’s responsibilities or the auditor’s report.
- Appendices 1 and 2 identify Auditing Standards that contain specific requirements for the auditor to include Emphasis of Matter paragraphs or Other Matter paragraphs in the auditor’s report. In those circumstances, the requirements in this Auditing Standard regarding the form and placement of such paragraphs apply.