CAT / FIA FAU Syllabus E. Audit Completion - OM and Other Matter Compared - Notes 2 / 3
There are 2 types of modified but not qualified reports..
Emphasis of Matter
This refers specifically to matters in the FS
Other Matters
This refers to anything else the auditor may wish to bring to the users attention
Audio Player
| Emphasis of matter | Other matter | |
| What is it? | Draws attention to fundamental issue in the fs | Draws attention to another issue users need to know about |
| Where does it go? | After Material Uncertainty on Going Concern paragraph | After the Key Audit matters paragraph |
| Headed how? | Emphasis of matter | Other matter |
| Key points? | Highlights the matter in the FS by reference to its page or note number | The effect on the auditor's responsibilities |
| Effect on opinion? | None | None |
| Example | Uncertainty regarding a contingent liability | Auditor wishes to resign but legally cannot |
Audio Player
Audio Player