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✨ EY Prep 🩷
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Audit
🎲 Mixed
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What is an 'Emphasis of Matter' paragraph and when is it used?
A.
A paragraph modifying the audit opinion to qualified status
B.
A paragraph added to an otherwise unqualified opinion to draw attention to a matter properly disclosed in the financial statements — it does NOT modify the opinion
C.
A paragraph summarising the key audit matters for shareholders
D.
A paragraph explaining why the audit took longer than expected