Page 7 - Audit - The Audit Report
P. 7
THE AUDIT REPORT
ISA 706
• Change in the requirements for inclusion of Emphasis
of Matter;
oPrevious - included when auditor has obtained SAE that
matter is not misstated in AFS.
oChange – inclusion when matter is of such importance that
it is fundamental to users’ understanding of the AFS.
• Inclusion in the AR…?
oPreviously – immediately after opinion
oNow - Before or After Key Audit Matters, depends on
significance.
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