[isoceles]

Does anyone have a good resource that breaks out the differences between these with examples? Or can someone explain it in an easy way to understand? I’m having a hard time finding anything good online. I have the Ninja Notes and MCQs, but the second on these doesn’t go into detail.

Thank you!

[tygolfer]

https://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00706.pdf

[Anonymous]

Read the definition.

An emphasis-of-matter paragraph is used in the auditor’s report to draw users’ attention to a matter appropriately presented or disclosed in the financial statements that is of such importance that it is fundamental to users’ understanding of the financial statements.

This is for the matter that has already presented or disclosed in FS. Drawing FS user's attention about the info in FS to help understand the FS.

An other-matter paragraph is used in the auditor’s report to draw users’ attention to any matter relevant to users’ understanding of the auditor’s (a) audit, (b) responsibilities, or (c) report.

This is for matter related to auditor's activities. The matter itself is not presented or disclosed in FS.

[Author]

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