Acca aaa s21 Notes

not
a modification of the audit opinion and It will state that the 
audit opinion is 
not
modified in this respect. If the auditor's report also includes a key audit matters 
section, the emphasis of matter paragraph may be presented before that section, depending on their 
relative importance.
3.7. Other matter paragraph (if one)
This paragraph is used, if necessary, to communicate a matter that is not presented or disclosed in the 
financial statements which is relevant to the user's understanding of the 
audit
, the 
auditor's
responsibilities or the 
auditor's
report.
Circumstances in which an other matter paragraph may be necessary:
๏
Where the auditor reports on two sets of financial statements prepared under different general 
purpose frameworks (e.g. a national framework and IFRS).
๏
Where the financial statements have been prepared for a specific purpose, to state that the 
auditor's report is solely for the intended users.
๏
In the rare circumstance where the auditor is unable to withdraw from an engagement even 
though a management-imposed limitation on the audit may be pervasive.
3.8. Other information paragraph (if one)
For example, an audit covers the financial statements but does not cover the directors’ report. So 
what if the directors’ report contains something that conflicts with the financial statements? The audit 
opinion 
cannot
be modified because it does not cover the directors’ report, but perhaps the 
shareholders need to be alerted to this. This can be done in a paragraph headed ‘Other Information’.
This is 
not
a modification of the audit opinion.
Note that the interactions between the going concern section, key audit matters section and 
emphasis of matter/other matters paragraph are covered in detail in the following chapter.