Comparative Statements and Consistency Between Periods

Free CPA AUD (Auditing & Attestation) lesson in Forming Conclusions and Reporting. 32 min read, ~4,757 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, and AU-C 708 covers consistency between periods. A continuing auditor opines on each period presented and updates the prior-year opinion at the new report date; it may differ from the original...

What this lesson covers

• Content
• Example 1
• Example 2
• Example 3
• Example 4
• Example 5
• Example 6
• Example 7
• Example 8
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• IV.E1

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