Which of the following will not cause the auditor to issue a standard unmodified report with an emphasis of matter paragraph or modified wording?
A) Auditor disagrees with client's departure from IFRS.
B) Reports involving other auditors.
C) Matters presented in the financial statements are of such importance that they are fundamental to users' understanding of the financial statements.
D) Lack of consistent application of IFRS.

Question

Quizplus · Accepted Answer

An auditor's disagreement with a client's departure from IFRS would lead to a modified audit opinion, not an unmodified opinion with an emphasis of matter paragraph or modified wording. The emphasis of matter or modified wording is used to draw attention to matters that are appropriately presented or disclosed in the financial statements, not to indicate disagreements over accounting policies or their application.

Which of the Following Will Not Cause the Auditor to Issue