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In kaplan studytext its given that “other matter paragraph” and “other information” are two different heading and includes different things ..e.g in OMP- why the auditor cant withdraw from the audit even though the evidence is inadequate and pervasive. And e.g for “other info”- if chairman’s report is inconsistent with FS.
But in our notes its given that “other info” can be included under “OMP” in a sub heading.
And also in kaplan its given that, “OMP” is included in “Report on other legal regulatory requirement”. While in our notes its given – after “Key audit Mattes”(pg 32)
Which one is correct ?“Other matter” is not a prescriptive heading – the ISA says “or other appropriate heading” – so depending on what the matter is.
All we are saying in the notes is that if the matter concerns other information – that will be reported under a heading “Other information” (not a sub-heading under a heading of “other matter”). An auditor’s report could include either an OIP or an OMP or neither or both.
My version of Kaplan’s text states that the OMP may be included in or after the Report on Other Legal and Regulatory (ROLR) – however, I suggest you completely disregard reference to the ROLR as, if relevant, it would be jurisdiction specific – so it’s not going to be examined.
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