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Home » Questions » Is KAM rqrd under Adverse Opinion
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Love sharmaLove sharma asked 2 years ago
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RaviRavi Staff answered 2 years ago

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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