CTHIn ForceLegislation
ASA 700 - Forming an Opinion and Reporting on a Financial Report - December 2015
Key Audit MattersKey Audit Matters
Start here
Get a plain-English read of Key Audit Matters
Turn the raw legal text into a practical explanation grounded in ASA 700 - Forming an Opinion and Reporting on a Financial Report - December 2015.
Key Audit Matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
[Description of each key audit matter in accordance with ASA 701.]