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Hi, I would like to clarify that EOM paragraph is only added when the opinion is unmodified right? If the opinion is modified, we should not add the EOM paragraph.
Please see the notes. The opinion could be modified in respect of a different/unrelated matter.
The note state that is EOM is not a modification of the audit opinion and It will state that the
audit opinion is not modified in this respect.
So isn’t it unmodified opinion?In respect of the matter in the EOM the audit opinion CANNOT be modified. But that doesn’t mean that it cannot be modified in respect of a different / unrelated matter.
So that means if auditor issue modified opinion, EOM paragraph can also be added?
Yes but the EOM would concern something unrelated to the basis for modified opinion. For example the opinion is qualified due to material misstatement because management refused to write down inventory or trade receivables or to make a provision for a liability. The EOM draws attention to a note which discloses a non adjusting event after the reporting date.
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