April 2023
Intermediate to advanced
1056 pages
34h 59m
English
AU-C 706 provides guidance when the auditors consider it necessary to draw users’ attention to matters:
(AU-C 706.01)
Source: AU-C 706.07. For definitions related to this standard, see Appendix A, “Definitions of Terms”: Emphasis-of-matter paragraph, Other-matter paragraph.
The objective of the auditor, having formed an opinion on the financial statements, is to draw users’ attention, when in the auditor's judgment it is necessary to do so, by way of clear additional communication in the auditor's report, to
- a matter, although appropriately presented or disclosed in the financial statements, that is of such importance that it is fundamental to users’ understanding of the financial statements or
- as appropriate, any other matter that is relevant to users’ understanding of the ...