Comparative Statements and Consistency Between Periods

Free CPA AUD (Auditing & Attestation) lesson in Forming Conclusions and Reporting. 17 min read, ~2,549 words.

AU-C 700 governs the unmodified opinion. AU-C 705 covers modifications. AU-C 706 covers emphasis-of-matter (EOM) and other-matter (OM) paragraphs. AU-C 708 covers consistency between periods. Continuing auditor on comparative statements: opinion on each period presented. The prior-year opinion is updated at the new report date and may differ from the...

What this lesson covers

• Content
• Example 1
• Common Mistakes
• Key Takeaways
• Exam Shortcuts

Learning objectives

• IV.E1

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