What shall the auditor do when he identified any matter that, although appropriately presented or disclosed in the financial and/or non-financial information, are of such importance that they are fundamental to the reader's understanding of the financial and/or non-financial information? a. He should include a "key audit matter" paragraph in the audit report b. He should include an "emphasis of matter" paragraph in the audit report c. He should include a "going concern" paragraph in the audit report d. He should include an "other matter" paragraph in the audit report

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A:

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Audit Procedures

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and applied at the planning stage of audit after determining audit objectives, scope, approach, and risk assessment.