Is KAM rqrd under Adverse Opinion

1 answer

Ravi Staff November 17, 2018

If auditor is giving modified opinion (qualified / adverse / disclaimer), he will have to explain reason and quantify it in Basis of Modification para
In KAM para he will put one point that matter of modification was also a KAM and give reference to “basis of modification”
So KAM will just have a point and reference, it will not substitute Basis of Modification para


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