Difference Between the Emphasis of Matter Paragraph and Other Matter Paragraph
The emphasis of the matter paragraph and the other matter paragraph are regulated by international standards on auditing (ISA) 706 Meaning Of The Emphasis Of Matter Paragraph this is the paragraph that is included in the auditor report that refers to the matter appropriately presented or disclosed in the financial statements , that in auditors judgment is of such importance that it needs to be communicated to the users of the financial statement in other words, the emphasis of the matter paragraph is the paragraph added by an auditor in his report in which the auditor repeats the matter that management has already correctly stated in the financial statement. The auditor shall do the following when he includes the emphasis of matter paragraph in the auditor's report it will be set in a separate section of the auditor's report the auditor should use appropriate heading to refer to the other matter paragraph including using the term 'emphasis of matter' auditor should ...