$1.$A special$-$purpose financial reporting framework is any framework other than GAAP$\mathrm{.}2.$Some, but not all, special$-$purpose frameworks require an indication that the financial statements are intended solely for certain specified users$\mathrm{.}3.$An audit report on financial statements that are prepared using a special$-$purpose framework must include an emphasis$-$of$-$matter paragraph alerting users that the financial statements were prepared in accordance with the framework$\mathrm{.}4.$An audit report on financial statements that are prepared using a special$-$purpose framework must include, in all circumstances, a description of the purposes for which the statements are prepared$\mathrm{.}5.$An audit opinion on financial statements that use a special$-$purpose framework may be unmodified$\mathrm{.}6.$The Attestation Standards, not the Statements on Auditing Standards, apply to engagements involving special$-$purpose frameworks$\mathrm{.}7.$If a regulatory agency requires a particular layout for the audit report, the auditor may be able to use that layout rather than the suggested report included in the Professional Standards$\mathrm{.}8.$An audit report on financial statements that are prepared using a special$-$purpose framework will indicate that the audit was conducted in accordance with the special$-$purpose financial reporting framework auditing standards.