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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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