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IAASB Diagram - Determining and Communicating Key Audit Matters

  • IAASB - Assurance Image

Jun 06, 2017

The International Auditing and Assurance Standards Board (IAASB) released the diagram "Determining and Communicating Key Audit Matters", which was prepared by the Auditor Reporting Implementation Working Group.

It 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 IAASB, nor does it amend or override the International Standards on Auditing (ISAs). Further, this diagram is not meant to be exhaustive and reading this diagram is not a substitute for reading the ISAs.

Review the diagram on the IAASB's website.

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