Auditor Reporting—Illustrative Key Audit Matters

Prepared by the IAASB’s Auditor Reporting Implementation Working Group, this publication is intended to illustrate how the concept of Key Audit Matters (KAM) may be applied in practice in accordance with ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. It builds upon matters highlighted in the January 2015 publication Auditor Reporting – Key Audit Matters.