CTHIn ForceLegislation
ASA 706 - Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report - December 2015
Other Matter Paragraphs in the Auditor’sOther Matter Paragraphs in the Auditor’s Report
Start here
Get a plain-English read of Other Matter Paragraphs in the Auditor’s
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 - December 2015.
Other Matter Paragraphs in the Auditor’s Report
- If the auditor considers it necessary to communicate a matter other than those that are presented or disclosed in the financial report that, in the auditor’s judgement, is relevant to users’ understanding of the audit, the auditor’s responsibilities or the auditor’s report, the auditor shall include an Other Matter paragraph in the auditor’s report, provided:
- This is not prohibited by law or regulation; and
- When ASA 701 applies, the matter has not been determined to be a key audit matter to be communicated in the auditor’s report. (Ref: Para. A9–A14)
- When the auditor includes an Other Matter paragraph in the auditor’s report, the auditor shall include the paragraph within a separate section with the heading “Other Matter,” or other appropriate heading. (Ref: Para. A15–A17)