Question

If an auditor wishes to draw attention to important information that is already presented or disclosed in the financial statements, the auditor would include a _______.

A) Qualified opinion
B) Disclaimer of opinion
C) Emphasis-of-matter paragraph
D) Scope limitation paragraph.

Answer 1

An auditor would include an Emphasis-of-matter paragraph to highlight important information in the financial statements without modifying their opinion.

Step-by-step explanation:

If an auditor wishes to draw attention to important information that is already presented or disclosed in the financial statements, the auditor would include an Emphasis-of-matter paragraph. This paragraph does not modify the auditor's opinion on the financial statements but is intended to highlight an area of importance which is appropriately presented or disclosed in the financial statements. It is used to draw the reader's attention to matters such as significant events, subsequent events, uncertainties, or related-party transactions.