Single format · FV03-C28-7

Emphasis of matter paragraph, two worked examples

A single format from the Modifications, Emphasis of Matter and Key Audit Matters pack. SA 706(R).

Length
1 page
Blanks to fill
7
Files
Word and PDF
Law stated to
13 September 2026

What it covers

  1. 1Emphasis of matter paragraph, two worked examplesSA 706(R)7 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Example 1 — significant, adequately disclosed contingent liability

Emphasis of Matter

We draw attention to Note [Note number for the show-cause notice] to the financial statements, which describes that the [Directorate of Revenue Intelligence] has issued a show-cause notice to the Company alleging [undervaluation of imports] and proposing a demand, along with interest and penalty, aggregating Rs [Demand with interest and penalty (Rs crore)] crore, and that the Company has responded to the notice and believes, based on legal advice, that the demand is not sustainable. Our opinion is not modified in respect of this matter.

4 more paragraphs and tables follow in the full format.

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