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KAM v/s. Going concern

IPCC 347 views 4 replies
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CA in Practice
40 Points Posted on 27 April 2018
if an auditor found any significant uncertainty relating to going concern...
and it may be also key audit matters (KAM)

then whether he shall report in both section KAM and going concern in audit report....or not
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On 27 April 2018 at 17:02 Report
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207 Points Posted on 27 April 2018
he can report in both
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On 27 April 2018 at 17:28
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213 Points Posted on 27 April 2018
kam is not a substitue for material uncertainity regarding going concern
so KAM doesnt cover Going concern
and as per SA700 if there is a doubt regarding going concern then report under seperate heading named going concern and not under KAM
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On 27 April 2018 at 18:28
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83 Points Posted on 27 April 2018
In an auditor professional judgement where it is most significance for the financial statement of current year is recorded in KEMAnd those matter selected from SA260 Communication with those charged with governance
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On 27 April 2018 at 21:42
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213 Points Posted on 28 April 2018
matters most significant for understanding of users of financial statements is reported under EOM
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On 28 April 2018 at 08:41


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