An 'Other Matter' paragraph is used to communicate a matter other than those presented or disclosed in the financial statements that is relevant to users' understanding of the:
Ashare price target
Baudit, the auditor's responsibilities or the report
Cclient's marketing plan
Ddividend policy
Answer & Solution
Correct answer: B. audit, the auditor's responsibilities or the report
An Other Matter paragraph addresses matters relevant to understanding the audit/report.
Related questions
The primary objective of the auditor under SA 700 is to form an opinion based on an evaluaDetermining Key Audit Matters involves selecting from matters communicated with:An unmodified opinion accompanied by an Emphasis of Matter paragraph still conveys that thThe auditor's report for a company is signed by the auditor mentioning the firm's registraIf the financial statements are materially misstated due to a single matter that is NOT peA qualified opinion is expressed using the phrase in the opinion paragraph:The date of the auditor's report informs the reader that the auditor has considered eventsBefore forming an opinion, the auditor must conclude whether sufficient appropriate audit