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An emphasis-of-matter paragraph in regards to revised financial statements should include _______.

A) The date of the auditor's previous report
B) The type of opinion previously expressed
C) The key reasons for a different opinion, if there are two different opinions
D) All of these answer choices are correct.

User The Matt
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1 Answer

3 votes

Final answer:

The emphasis-of-matter paragraph related to revised financial statements should include the date of the auditor's previous report, the type of opinion previously expressed, and reasons for a different opinion if applicable, meaning all choices are correct option (d).

Step-by-step explanation:

An emphasis-of-matter paragraph regarding revised financial statements serves to draw attention to a matter that is appropriately presented or disclosed in the financial statements but is of such importance that it is fundamental to users’ understanding of the financial statements. This paragraph should include:

  • The date of the auditor's previous report,
  • The type of opinion previously expressed, and
  • The key reasons for a different opinion if there are two different opinions.

Therefore, the correct answer is D) All of these answer choices are correct.

User Ruslans Uralovs
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