Accounting · Auditing
An Emphasis of Matter paragraph in an audit report is used by the auditor to:
- 1provide adverse comments on management performance metrics
- 2qualify the opinion due to material misstatements in the financial accounts
- 3draw users' attention to a matter appropriately presented or disclosed that is fundamental to their understanding, without modifying the opinion✓
- 4disclaim responsibility for the presentation of financial statements
Correct answer
draw users' attention to a matter appropriately presented or disclosed that is fundamental to their understanding, without modifying the opinion
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