An emphasis of a matter may result in which of the following?
A) A disclaimer of an audit opinion.
B) A qualified audit opinion.
C) An adverse opinion.
D) An unqualified audit opinion with an explanatory paragraph either before or after the opinion paragraph.

Question

Quizplus · Accepted Answer

An emphasis of a matter is an explanatory paragraph added either before or after the opinion paragraph in an unqualified audit report, to highlight a significant matter related to the financial statements that has been adequately disclosed in the financial statements, but that could affect a user's understanding of the statements. Thus, an emphasis of a matter does not lead to a disclaimer, qualified or adverse opinion, but it may lead to an unqualified opinion with an explanatory paragraph.

An Emphasis of a Matter May Result in Which of the Following