Hi Everyone,
I'm Dan and taking Audit on the 18th. Im not sure if this is the right place to post questions but wondering if anyone can help out. Im using Becker and I am confused about the use of an explanatory paragraph when expressing a modified opinion due to the work of a specialist. The MCQs for Chapter 2.5 state that the auditor may make reference to a specialist in an emphasis paragraph when modifying an opinion. However, Chapter 1, module 7 seems to contradict that. There is a passkey on page A1-56 that states “…the additional language is used to highlight particular circumstances without modifying the opinion.”
So which is it? I thought that when modifying an opinion you would want to use a basis for opinion and not an emphasis or other matter paragraph?
Please let me know what you guys think. Thanks!