CA Inter P5 · Chapter 8 · Question 9 of 13
Which of the following matters would ordinarily be communicated in an Other Matter paragraph under SA 706?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) A statement that the report is intended solely for a specified user and should not be distributed to other parties
Explanation
An Other Matter paragraph refers to a matter not presented or disclosed in the financial statements that is relevant to users' understanding of the audit, the auditor's responsibilities or the report, such as restriction on distribution or use. A disclosed catastrophe is dealt with by an EOM, going concern by a separate section under SA 570, and a misstatement by a modified opinion.
More Audit Report MCQs
- Q11The Companies (Auditor's Report) Order (CARO) is issued by the Central Government under which provision of the Companies Act, 2013?
- Q12Which of the following matters is required to be reported by the auditor under CARO?
- Q13Which of the following is reported by the auditor of a company under section 143(3) of the Companies Act, 2013, rather than under CARO?
- Q1Under SA 700, the auditor expresses an unmodified opinion when:
- Q2Under SA 700, which section of the auditor's report must immediately follow the Opinion section?