Accounting · Auditing Standards
Which of the following statements is NOT correct regarding the independent auditor's report on a company's financial statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The auditor's report must include an opinion on whether the financial statements present fairly, in all material respects, the financial position and performance of the entity.
- 2The auditor's report includes a section outlining the auditor's responsibilities regarding 'Other Information' included in the annual report.
- 3The auditor's report must mandatory include an Emphasis of Matter paragraph for any matter that has been correctly disclosed in the financial statements.✓
- 4Key Audit Matters (KAM) are required to be included in the auditor's report of listed companies.
Correct answer
The auditor's report must mandatory include an Emphasis of Matter paragraph for any matter that has been correctly disclosed in the financial statements.
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