Page 3 - Additional slides
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2. ISAs 700, 701, 705 and 706 ( Continued…)
• Enhanced comm, Quality, Relevance, Robust interaction with users, Basis for
further engagement by intended users.
• ISA 701 - Communicating KAM in the Independent Auditor’s Report.
• Auditor uses judgement (guided) to determine what constitutes KAMs.
• Not a substitute for reporting requirements in other ISAs.
• Applicability (listed entities, required by law or when auditor decides).
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