SA 700 — Forming an Opinion and Reporting on Financial Statements
SA 700 explained for CA Inter: how auditors form an opinion and structure the audit report — elements, order, and exam tips for May 2026.
Paper 5 — Auditing & Ethics · Chapter
Auditor's Reports (SA 700 series)
ICAI Standards on Auditing 700-series — forming the opinion, key audit matters, modifications, EOM/OM paragraphs, comparative information and other information. Expect 10–12 marks.
6 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
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2
SA 701 — Communicating Key Audit Matters
SA 701 Key Audit Matters explained for CA Inter: what KAMs are, when they apply, how auditors report them, and top exam pitfalls to avoid.
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3
SA 705 — Modifications to the Opinion in the Auditor's Report
SA 705 explained for CA Inter: learn when to give Qualified, Adverse, or Disclaimer opinion with examples, the pervasive test, and exam tips
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4
SA 706 — Emphasis of Matter & Other Matter Paragraphs
SA 706 explained for CA Inter: when auditors add Emphasis of Matter vs Other Matter paragraphs, with examples and exam tips for May 2026.
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5
SA 710 — Comparative Information
SA 710 Comparative Information explained for CA Inter: corresponding figures vs comparative statements, prior-year modifications, restatemen
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6
SA 720 — Auditor's Responsibilities Relating to Other Information
SA 720 explained for CA Inter: auditor's duty to read other information in annual reports, handle inconsistencies, and report — May 2026 exa
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