Unnati Rathi RathiUnnati Rathi rathi asked 6 months ago
1 Answers
RaviRavi Staff answered 6 months ago

Didn’t understand your question ?
Below is text for purpose of KAM with important points highlighted
As per SA 701, “Communicating Key Audit Matters in the Auditor’s Report”, the purpose of Communicating key audit matters is to enhance the communicative value of the auditor’s report by providing greater transparency about the audit that was performed. Communicating key audit matters provides additional information to intended users of the financial statements to assist them in understanding those matters that, in the auditor’s professional judgment, were of most significance in the audit of the financial statements of the current period. Communicating key audit matters may also assist intended users in understanding the entity and areas of significant management judgment in the audited financial statements.

Call Back Request