Skip main navigation

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.

Over to you

Review the content we saw in this activity before moving to the next step, which will have a short quiz to review your knowledge.

This article is from the free online

Accounting for Today’s Dynamic World

Created by
FutureLearn - Learning For Life

Our purpose is to transform access to education.

We offer a diverse selection of courses from leading universities and cultural institutions from around the world. These are delivered one step at a time, and are accessible on mobile, tablet and desktop, so you can fit learning around your life.

We believe learning should be an enjoyable, social experience, so our courses offer the opportunity to discuss what you’re learning with others as you go, helping you make fresh discoveries and form new ideas.
You can unlock new opportunities with unlimited access to hundreds of online short courses for a year by subscribing to our Unlimited package. Build your knowledge with top universities and organisations.

Learn more about how FutureLearn is transforming access to education