Which of the following would not require an explanatory/emphasis-of-matter paragraph in the auditor's report?
A)Required supplementary information is omitted or departs materially from the requirement of the applicable financial reporting framework.
B)Lack of comparability in the financial statements due to accounting changes.
C)Going concern.
D)Opinion based in part on the report of another auditor.

Question

Quizplus · Accepted Answer

When an auditor's opinion is based in part on the report of another auditor, the principal auditor may include a reference to the other auditor in the auditor's report, but an explanatory or emphasis-of-matter paragraph is not necessary unless there is a material issue with the other auditor's report. On the other hand, options A, B, and C are all situations that would require an explanatory/emphasis-of-matter paragraph in the auditor's report.

Which of the Following Would Not Require an Explanatory/emphasis-Of-Matter Paragraph