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IAASB Guidance on Determining and Communicating Key Audit Matters

  • IAASB - Assurance Image

Jul 06, 2016

On July 6, 2016, the International Auditing and Assurance Standards Board (IAASB) issued guidance on Determining and Communicating Key Audit Matters. The document has been prepared by the Auditor Reporting Implementation Working Group

The document is intended to provide an overview of how to determine which matters are Key Audit Matters (KAM) as set out in ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report, and what is communicated in respect of KAMs. The diagram forms part of the Auditor Reporting Toolkit. This diagram does not constitute an authoritative pronouncement of the International Auditing and Assurance Standards Board (IAASB), nor does it amend or override the International Standards on Auditing (ISAs).

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