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MMLU / If an auditor includes an emphasis-of-matter paragraph to draw users' attention…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

If an auditor includes an emphasis-of-matter paragraph to draw users' attention to a matter relevant to the users' understanding of the financial statements of a nonissuer, then the auditor should

choices

  1. Indicate in the audit report that the emphasis-of-matter paragraph is required by law or regulation.
  2. Notify the appropriate regulatory authority if the auditor's opinion was modified on the basis of the matter.
  3. Modify the introductory paragraph to direct the reader to the emphasis-of-matter paragraph.
  4. Include the paragraph immediately after the opinion paragraph in the audit report.

subject

professional_accounting

Discussion

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Source and history

Official source

initial import