hard20 pts · first answer countsaudit-reporting

How key audit matters are chosen

Under SA 701 / ISA 701, how are key audit matters (KAMs) selected?

A.Every misstatement found during the audit is reported as a KAMB.From matters communicated with those charged with governance, the auditor picks those of most significance in the auditC.Management chooses which matters to show as KAMsD.KAMs are only used when the opinion is qualified

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How key audit matters are chosen

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