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ASA 701 - Communicating Key Audit Matters in the Independent Auditor’s Report - December 2015
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Definition
- For the purposes of this Auditing Standard, the following term has the meaning attributed below:
Key audit matters—Those matters that, in the auditor’s professional judgement, were of most significance in the audit of the financial report of the current period. Key audit matters are selected from matters communicated with those charged with governance.