The Addition of an Emphasis of Matter Paragraph in an Audit

question 29

Multiple Choice

The addition of an emphasis of matter paragraph in an audit report

• A) does not affect the auditor's opinion.
• B) does affect the auditor's opinion.
• C) is required by the standards to be included in all audit reports.
• D) is only included for going concern uncertainties.

---

Definitions:

Property

Assets or possessions owned by an individual or entity, including tangible items like real estate and personal items, or intangible rights.

Easement

An irrevocable right to use some part of another’s land for a specific purpose, without taking anything from it.

License

A license is a legal permission granted by a competent authority to engage in an activity or to use a certain type of property that would otherwise be forbidden.

Financing

The act of providing funds for business activities, purchases, or investments, typically involving loans, equity investments, or other financial instruments.