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Madhusudan Bhoraniya asked 1 year ago

When auditor should not communicate KAM ? 
In case of Modified opinion 
OR
In case of only Adverse Opinion ??

1 Answers
RaviRavi Staff answered 1 year ago

In case of disclaimer he should not communicate KAM. 
Other wise it will become self contradictory.
Disclaimer means not able to obtain sufficient & appropriate evidence for financial statements during audit process.
KAM means worked really hard, applied significant auditor attention on certain matters during audit. (which means evidence received then only auditor can work) 

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