Give Examples of Circumstances in Which an Emphasis of Matter

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The Answer is Examples of circumstances in which an Emphasis of Matter paragraph in an audit report may be necessary are: 1)Significant uncertainty regarding the future outcome of exceptional litigation or regulatory action (such as income taxes that may be collectible or payable).
2)Early application of a new accounting standard that has a pervasive effect on the financial statements.
3)A major catastrophe that has had or continues to have an impact on the entity.
4)Threats of expropriation of assets.
5)Significant transactions with related parties.
6)Unusually important subsequent events.

Give Examples of Circumstances in Which an Emphasis of Matter

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