ASA 706 - Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report - December 2015
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CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING
Paragraphs
Application...............................................Aus 0.1‑Aus 0.2
Operative Date.........................................................Aus 0.3
Introduction
Scope of this Auditing Standard.................................................1-4
Effective Date...............................................................5
Objective..................................................................6
Definitions.................................................................7
Requirements
Emphasis of Matter Paragraphs in the Auditor’s Report................................8-9
Other Matter Paragraphs in the Auditor’s Report...................................10-11
Communication with Those Charged with Governance.................................12
Application and Other Explanatory Material
The Relationship between Emphasis of Matter Paragraphs and Key Audit Matters in the Auditor’s Report A1-A3
Circumstances in Which an Emphasis of Matter Paragraph May Be Necessary.............A4-A6
Including an Emphasis of Matter Paragraph in the Auditor’s Report................A7-Aus A8.1
Other Matter Paragraphs in the Auditor’s Report.................................A9-A15
Placement of Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Auditor’s ReportA16-A17
Communication with Those Charged with Governance................................A18
Appendix 1: List of Australian Auditing Standards Containing Requirements for Emphasis of Matter Paragraphs
Appendix 2: List of Australian Auditing Standards Containing Requirements for Other Matter Paragraphs
Appendix 3: Illustration of an Auditor’s Report that Includes a Key Audit Matters Section, an Emphasis of Matter Paragraph, and an Other Matter Paragraph
Appendix 4: Illustration of an Auditor’s Report Containing a Qualified Opinion Due to a Departure from the Applicable Financial Reporting Framework and that Includes an Emphasis of Matter Paragraph