Key Audit Matters

Key Audit Matters

International Standard on Auditing 701 (ISA 701):

• Requires auditors of publicly listed companies to include in their audit report a section on Key Audit Matters (KAM).
• Matters that the auditor found most significant in the audit.
  • Why these matters were significant and what tests were performed.
  • Provides users greater detail over what the auditors.
  • Save users time by highlighting most relevant matters uncovered during the audit.

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