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21. Which of the following paragra TUTUNUD Loween basic and diluted earnings per share e following paragraphs is placed after the opinion paragraph in the standard unmodified report, when applicable? A. Emphasis-of-matter paragraph B. Scope paragraph C. Opinion paragraph D. Auditor's responsibility paragraph 22. Define the emphasis of matter paragraph. A. A paragraph included in the auditor's report that is required by generally accepted auditing standards or is included at the auditor's discretion. B. A paragraph that identifies the statements being audited and states the auditor's opinion. C. A paragraph that states responsibilities and references registration with the Public Company Accounting Oversight Board (PCAOB). D. A paragraph that briefly explains the process of conducting an audit and that the PCAOB standards were followed. 23. Which of the following is NOT a situation in which the auditor wants to draw users' attention to a material matter that is already presented and/or disclosed in the client's financial statements? A. A major disaster that may not have a significant impact on the company's financial situation B. Uncertainties relating to the future outcome of litigation C. Significant subsequent events D. Material transactions with related parties 24. The group engagement partner typically decides to reference the work completed by the component auditor in the audit report A. when management requests that the audit firm do so B. when the subsidiary audited by the component auditor is a material amount of the group financial statements C. when the subsidiary audited by the component auditor is an immaterial amount of the group financial statements D. when the group auditor requests the inclusion of their firm on the audit report

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