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What do you mean “under qualified opinion”?
Do you mean “is an emphasis of matter in the same category as a qualified opinion or in the same category as an unqualified opinion”?
Is that what you meant?
Or did you mean “where physically in an audit report is an emphasis of matter paragraph positioned”?
I know that we put empasis of matter when is something so fundamental important to the user to properly understand fin statements and is already adequately disclosed in FS prepared by management eg. going concern is at risk. But this is when report is unmodified.
Could you tell me if we would use empasis of matter paragraph with modified audit report?
Yes, I mean whether an emphasis of matter in the same category as a qualified opinion or in the same category as an unqualified opinion?
bb 3008 “But this is when report is unmodified.
Could you tell me if we would use empasis of matter paragraph with modified audit report?”
You’re wrong! The emphasis of matter is a modification to the report. The OPINION isn’t modified but the report is
Maybe your question is “Could you tell me if we would use empasis of matter paragraph with modified audit OPINION?”
Yes, of course you can. Qualify for example about a poorly disclosed matter and emphasise something else that is properly appropriately treated but is so important that it needs to be brought to the attention of the reader
Ctyltiong “Yes, I mean whether an emphasis of matter in the same category as a qualified opinion or in the same category as an unqualified opinion?”
An emphasis of matter is a modification to an audit REPORT but it has no affect on the audit OPINION
Is that ok? Clear enough?
It is means that it is modified report issued with unqualified opinion for emphasis of matter? And modified report issued with qualified opinion for adverse opinion and disclaimer opinion?
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