Other Matter – NBC Institute

AAA – Nov 2018 – L3 – Q7 – Audit Reporting

Explanation of Emphasis of Matter, Other Matter, and conditions for modified opinions in audit reporting

Question

You are the partner responsible for the audit of JJ Industries Limited for the year ended 31 December 2017. The final audit has been completed, and you are aware that there is guidance for auditors relating to audit reports – ISA 706: Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report.

Required:

a. i. Explain “Emphasis of Matter paragraph” and provide three examples and the potential situations in which such a paragraph may be used. (6 Marks)

ii. Define “Other Matter paragraph” and give two examples of the use of such a paragraph. (4 Marks)

Note: You are not required to produce draft paragraphs.

b. ISA 705: Modifications to the Opinion in the Independent Auditor’s Report requires the auditor to modify their opinion in the audit report. Discuss the two situations under which the auditor must issue a modified opinion in line with ISA 705. (5 Marks)

Answer

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Tags: Emphasis of Matter, ISA 705, ISA 706, Modified Opinion, Other Matter
Level: Level 3

Topic: Audit Reporting

AA – Aug 2022 – L2 – Q5c – Completion Procedures and Reporting

Distinguishes between Emphasis of Matter and Other Matter paragraphs in the audit report and explains communication requirements.

Question

ISA 706 (Revised): Emphasis of Matter Paragraphs and Other Matter(s) paragraphs in the Independent Auditor’s Report requires that an auditor’s report may include an “emphasis of matter” paragraph and/or an “other matter” paragraph.

Required:
Distinguish between Emphasis of Matter and Other Matter paragraphs, showing clearly requirements of Audit Report and communication with those charged with governance.

Answer

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Tags: Audit report, Communication with Governance, Emphasis of Matter, ISA 706, Other Matter
Level: Level 2

Topic: Completion Procedures and Reporting
Series: AUG 2022

AAA – March 2023 – L3 – Q5c – Reporting, Current issues

Differentiate between the emphasis of matter and other matter paragraphs with examples.

Question

An auditor’s report may include an ‘emphasis of matter’ paragraph and/or an ‘other matter’ paragraph. These types of paragraph are the subject of ISA 706: Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report. The purpose of these paragraphs is to provide additional communication in the auditor’s report.

Required:
Differentiate between the ‘emphasis of matter’ paragraph and ‘other matter’ paragraph citing ONE (1) circumstance in each case. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor's Report, Emphasis of Matter, ICAG, Other Matter
Level: Level 3

Topic: Current issues, Reporting
Series: MAR 2023

AAA – Nov 2015 – L3 – Q1a – The meaning of audit and assurance

Define and explain the use of Emphasis of Matter and Other Matter paragraphs in audit reports per ISA 706.

Question

a) You are the partner responsible for the audit of ABC Co, for the year ended 30th April 2014. The final audit has been completed and you have asked the audit manager to draft the audit report. The manager is aware that there is guidance for auditors relating to audit report in ISA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report. The manager has asked for your assistance in this matter.

Required:

i) Define an ‘Emphasis of Matter paragraph’ and explain, providing examples, the use of such a paragraph. (6 marks)

ii) Define an ‘Other Matter paragraph’ and explain, providing examples, the use of such a paragraph. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Reporting, Emphasis of Matter, ISA 706, Other Matter
Level: Level 3

Topic: The meaning of audit and assurance
Series: NOV 2015

AAA – Nov 2018 – L3 – Q7 – Audit Reporting

Explanation of Emphasis of Matter, Other Matter, and conditions for modified opinions in audit reporting

Question

Required:

a. i. Explain “Emphasis of Matter paragraph” and provide three examples and the potential situations in which such a paragraph may be used. (6 Marks)

ii. Define “Other Matter paragraph” and give two examples of the use of such a paragraph. (4 Marks)

Note: You are not required to produce draft paragraphs.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Emphasis of Matter, ISA 705, ISA 706, Modified Opinion, Other Matter
Level: Level 3

Topic: Audit Reporting

AA – Aug 2022 – L2 – Q5c – Completion Procedures and Reporting

Distinguishes between Emphasis of Matter and Other Matter paragraphs in the audit report and explains communication requirements.

Question

Required:
Distinguish between Emphasis of Matter and Other Matter paragraphs, showing clearly requirements of Audit Report and communication with those charged with governance.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit report, Communication with Governance, Emphasis of Matter, ISA 706, Other Matter
Level: Level 2

Topic: Completion Procedures and Reporting
Series: AUG 2022

AAA – March 2023 – L3 – Q5c – Reporting, Current issues

Differentiate between the emphasis of matter and other matter paragraphs with examples.

Question

Required:
Differentiate between the ‘emphasis of matter’ paragraph and ‘other matter’ paragraph citing ONE (1) circumstance in each case. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor's Report, Emphasis of Matter, ICAG, Other Matter
Level: Level 3

Topic: Current issues, Reporting
Series: MAR 2023

AAA – Nov 2015 – L3 – Q1a – The meaning of audit and assurance

Define and explain the use of Emphasis of Matter and Other Matter paragraphs in audit reports per ISA 706.

Question

Required:

i) Define an ‘Emphasis of Matter paragraph’ and explain, providing examples, the use of such a paragraph. (6 marks)

ii) Define an ‘Other Matter paragraph’ and explain, providing examples, the use of such a paragraph. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Reporting, Emphasis of Matter, ISA 706, Other Matter
Level: Level 3

Topic: The meaning of audit and assurance
Series: NOV 2015

Question Tag: Other Matter

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AAA – Nov 2018 – L3 – Q7 – Audit Reporting

Explanation of Emphasis of Matter, Other Matter, and conditions for modified opinions in audit reporting

AA – Aug 2022 – L2 – Q5c – Completion Procedures and Reporting

Distinguishes between Emphasis of Matter and Other Matter paragraphs in the audit report and explains communication requirements.

AAA – March 2023 – L3 – Q5c – Reporting, Current issues

Differentiate between the emphasis of matter and other matter paragraphs with examples.

AAA – Nov 2015 – L3 – Q1a – The meaning of audit and assurance

Define and explain the use of Emphasis of Matter and Other Matter paragraphs in audit reports per ISA 706.

AAA – Nov 2018 – L3 – Q7 – Audit Reporting

Explanation of Emphasis of Matter, Other Matter, and conditions for modified opinions in audit reporting

AA – Aug 2022 – L2 – Q5c – Completion Procedures and Reporting

Distinguishes between Emphasis of Matter and Other Matter paragraphs in the audit report and explains communication requirements.

AAA – March 2023 – L3 – Q5c – Reporting, Current issues

Differentiate between the emphasis of matter and other matter paragraphs with examples.

AAA – Nov 2015 – L3 – Q1a – The meaning of audit and assurance

Define and explain the use of Emphasis of Matter and Other Matter paragraphs in audit reports per ISA 706.

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AAA – Nov 2018 – L3 – Q7 – Audit Reporting

Explanation of Emphasis of Matter, Other Matter, and conditions for modified opinions in audit reporting

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AA – Aug 2022 – L2 – Q5c – Completion Procedures and Reporting

Distinguishes between Emphasis of Matter and Other Matter paragraphs in the audit report and explains communication requirements.

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AAA – March 2023 – L3 – Q5c – Reporting, Current issues

Differentiate between the emphasis of matter and other matter paragraphs with examples.

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AAA – Nov 2015 – L3 – Q1a – The meaning of audit and assurance

Define and explain the use of Emphasis of Matter and Other Matter paragraphs in audit reports per ISA 706.

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AAA – Nov 2018 – L3 – Q7 – Audit Reporting

Explanation of Emphasis of Matter, Other Matter, and conditions for modified opinions in audit reporting

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AA – Aug 2022 – L2 – Q5c – Completion Procedures and Reporting

Distinguishes between Emphasis of Matter and Other Matter paragraphs in the audit report and explains communication requirements.

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AAA – March 2023 – L3 – Q5c – Reporting, Current issues

Differentiate between the emphasis of matter and other matter paragraphs with examples.

You're reporting an error for "AAA – March 2023 – L3 – Q5c – Reporting, Current issues"

AAA – Nov 2015 – L3 – Q1a – The meaning of audit and assurance

Define and explain the use of Emphasis of Matter and Other Matter paragraphs in audit reports per ISA 706.

You're reporting an error for "AAA – Nov 2015 – L3 – Q1a – The meaning of audit and assurance"

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