Emphasis of Matter

Emphasis of Matter
An ‘Emphasis of Matter’ paragraph was an optional part in an auditor's report, used to draw attention to important matters in financial statements without modifying the overall audit opinion. The practice was revised by the Auditing Practices Board in 1993.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.