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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KAM v/s. Going concern
Replies (4)
he can report in both
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
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
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
matters most significant for understanding of users of financial statements is reported under EOM
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