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Key Audit Matters
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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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