CAS 706: Emphasis of Matter and Other Matter Paragraphs
Conditions for including Emphasis of Matter and Other Matter paragraphs in the auditor's report.
Why CAS 706 matters
Going-concern material uncertainty triggers an Emphasis of Matter paragraph. Issuers should know in advance.
Framework: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Primary source: FRAS Canada
Frequently asked
What is CAS 706?
Conditions for including Emphasis of Matter and Other Matter paragraphs in the auditor's report.
Why does CAS 706 matter for an audit?
Going-concern material uncertainty triggers an Emphasis of Matter paragraph. Issuers should know in advance.
Which framework does CAS 706 belong to?
CAS 706 falls under Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Related standards — Canadian Auditing Standards (CAS)
- CAS 200 — Overall Objectives of the Independent Auditor
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 240 — The Auditor's Responsibilities Relating to Fraud
- CAS 250 — Consideration of Laws and Regulations
See how Auditus checks CAS 706
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including CAS 706.