As specified by the Audit Clarity Project, when an audit wants to call attention to something in the financial statements, the report must include:
A)an emphasis-of-matter paragraph.
B)an audit assertions paragraph.
C)the relevant GAAS.
D)references to appropriate professional codes of ethics.

Question

Quizplus · Accepted Answer

According to the Audit Clarity Project, an emphasis-of-matter paragraph must be included in the audit report when the auditor wants to draw attention to a matter that is disclosed in the financial statements that is of such importance that it is fundamental to users' understanding of the financial statements. Therefore, choice A is the best answer.

As Specified by the Audit Clarity Project, When an Audit