The auditor‘s report shall include an Emphasis of Matter paragraph alerting users of the

auditor‘s report that the FSs are prepared in accordance with a special purpose framework and
that, as a result, the FSs may not be suitable for another purpose. In addition to the above, the
auditor may consider it appropriate to indicate that the auditor‘s report is intended solely for
the specific users.

a) The auditor is not prohibited by law or regulation from doing so; b) That opinion is
expressed in an auditor‘s report that is not published together with the auditor‘s report
containing the adverse opinion or disclaimer of opinion; and c) The specific element
does not constitute a major portion of the entity‘s complete set of financial statements.

nquiry and analytical procedures t

the same materiality considerations a

If the practitioner has reason to believe that the information subject to review may be
materially misstated, the practitioner should carry out additional or more extensive procedures
as are necessary to be able to express negative assurance or to confirm that a modified report
is required.

sufficient level of knowledge of the business