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A ustralian A udit R eports : 1996–2003
Author(s) -
CARSON ELIZABETH,
FERGUSON ANDREW,
SIMNETT ROGER
Publication year - 2006
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2006.tb00049.x
Subject(s) - paragraph , audit , accounting , business , joint audit , auditor's report , subject matter , audit evidence , internal audit , political science , law , curriculum
In 1996 Australia revised audit reporting standard AUS 702 to align with many of the concepts in the international audit reporting standard ISA 700. These included preventing auditors issuing a “subject to” qualified opinion, and permitting auditors to modify the audit report in specific circumstances by including an emphasis of matter (EoM) paragraph. This research examines the frequency with which different types of opinions are issued and the circumstances giving rise to the inclusion of an EoM paragraph, and compares the types of opinions issued by the major audit firms and for the various industry sectors over the period 1996–2003.