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Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (July 2020)
Emphasis of Matter Paragraph (Ref: A56 aEmphasis of Matter Paragraph (Ref: A56 and A57)
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###### Emphasis of Matter Paragraph (Ref: A56 and A57)
1. The auditor shall consider including an Emphasis of Matter paragraph in the auditor’s review report to draw users’ attention to a matter presented or disclosed in the financial report that, in the auditor’s judgement, is of such importance that it is fundamental to users’ understanding of the financial report.
2. When the auditor includes an Emphasis of Matter paragraph in the auditor’s review report the auditor shall:
1. Include the paragraph within a separate section of the auditor’s review report with an appropriate heading that includes the term “Emphasis of Matter”;
2. Include a clear reference to the matter being emphasised and to where relevant disclosures that fully describe the matter can be found in the financial report. The paragraph shall refer only to information presented or disclosed in the financial report; and
3. Indicate that the auditor’s review conclusion is not modified in respect of the matter emphasised.