Emphasis of matter: Difference between revisions
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In certain circumstances financial statements may contain information about a matter which has been appropriately presented or disclosed, but which the auditors deem to be fundamental to the users’ understanding of the financial statements as a whole.<br /> | In certain circumstances financial statements may contain information about a matter which has been appropriately presented or disclosed, but which the auditors deem to be fundamental to the users’ understanding of the financial statements as a whole.<br /> | ||
The auditors will draw attention to this matter in their auditors' report of their opinion.<br /> | The auditors will draw attention to this matter in their auditors' report of their opinion.<br /> | ||
This part of the auditors' opinion is known as an ‘emphasis of matter’. | This part of the auditors' opinion is known as an ‘emphasis of matter’. | ||
Revision as of 10:27, 31 May 2015
In certain circumstances financial statements may contain information about a matter which has been appropriately presented or disclosed, but which the auditors deem to be fundamental to the users’ understanding of the financial statements as a whole.
The auditors will draw attention to this matter in their auditors' report of their opinion.
This part of the auditors' opinion is known as an ‘emphasis of matter’.
