掃碼下載APP
及時接收考試資訊及
備考信息
In January 2015 the IAASB issued ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. This standard is required to be applied to the audit of all listed entities. The objectives of ISA 701 are for the auditor to:
• determine those matters which are to be regarded as KAM; and
• communicate those matters in the auditor’s report.
The term ‘key audit matters’ is defined in ISA 701 as:
‘Those matters that, in the auditor’s professional judgment, were of most significance in the audit of the financial statements of the current period. Key audit matters are selected from matters communicated with those charged with governance.’ (1)
DETERMINATION OF KAM
The definition in paragraph 8 of ISA 701 states that KAM are selected from matters which are communicated with those charged with governance. Matters which are discussed with those charged with governance are then evaluated by the auditor who then determines those matters which required significant auditor attention during the course of the audit. There are three matters which the ISA requires the auditor to take into account when making this determination:
1. Areas which were considered to be susceptible to higher risks of material misstatement or which were deemed to be ‘significant risks’ in accordance with ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment.
2. Significant auditor judgments in relation to areas of the financial statements that involved significant management judgment. This might include accounting estimates which have been identified by the auditor as having a high degree of estimation uncertainty.
3. The effect on the audit of significant events or transactions that have taken place during the period.
The auditor must determine which matters are of most significance in the audit of the financial statements and these will be regarded as KAM.
COMMUNICATING KAM
Once the auditor has determined which matters will be included as KAM, the auditor must ensure that each matter is appropriately described in the auditor’s report including a description of:
1. Why the matter was determined to be one of most significance and therefore a key audit matter, and
2. How the matter was addressed in the audit (which may include a description of the auditor’s approach, a brief overview of procedures performed with an indication of their outcome and any other key observations in respect of the matter).
Copyright © 2000 - www.electedteal.com All Rights Reserved. 北京正保會計科技有限公司 版權所有
京B2-20200959 京ICP備20012371號-7 出版物經營許可證 京公網安備 11010802044457號
套餐D大額券
¥
去使用 主站蜘蛛池模板: 欧美日韩国产精品一区 | 色在线免费视频 | 欧美日韩国产二区 | 国产精品久久亚洲 | 免费一级片 | 综合色区 | 玖玖玖精品 | 亚洲成人久久久 | 久久精品一区 | 岛国精品视频在线播放 | 日本三级网址 | 99成人精品视频 | 亚洲在线一区二区三区 | 国产精品久久久久久久久久大牛 | 欧美特级视频 | 欧美资源在线 | 综合99| 欧美日韩在线一区二区三区 | 欧美日本片 | 欧美日韩在线视频一区二区 | 国产在线成人 | 欧美在线视频网 | 久久免费看片 | 精品少妇一区二区三区日产乱码 | 男女免费视频 | 三级网站免费播放 | 欧美一级大片在线观看 | 一级黄色毛片 | 伊人国产在线播放 | 综合婷婷 | 高清不卡一区二区 | 一级视频片 | 狠狠躁日日躁夜夜躁影院 | 亚洲久久久久 | 精品二区| av免费网| 欧美精品在线视频 | 日韩精品极品视频 | 毛片免费观看视频 | 久久国产精品-国产精品 | 成人一区二区三区 |