I just went through Becker’s A1 M7 that talks about Emphasis of Matter paragraph.

I’m confused when it comes to adding the paragraph when we have a change in accounting principle, change in estimate, change in accounting principle inseparable from a change in accounting estimate, and contingencies.

Can you please help me understand each situation? For example I know we should add one when we have a justified change in accounting principle, but will it also depend on the material effect of that change on the financials? For example if it’s immaterial effect no need for the paragraph?

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