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Hi Mike!
the only difference I see between these two notions is that EOM has a reference to the matter emphasized in the notes to the financial statements while the other matter doesn’t have such.
1) Any other differences are there?
2) Can you give examples of other matter paragraph? It is not clear from notes or past exams.Thanks!
Yes, emphasis of matter draws attention of the reader to a matter that is already fully disclosed / accounted for within the financial statements
Other matters would be inconsistencies or misleading statements within, for example, the chair’s review of the year’s activities
OK?
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