Page 3 - Audit - The Audit Report
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THE AUDIT REPORT
OBJECTIVE OF THE TOPIC
• Evaluate uncorrected misstatements identified during the audit,
and conclude on the audit opinion to be expressed.
• Critically evaluate a draft auditor’s report.
• Understand key changes to traditional paragraphs of the
report.
• Understand the additional reporting matters to be included in
the report.
• Understand the reporting requirements with regards to Going
Concern.
• Understand the structural changes of the report.
• Explain the concept of Key Audit Matters (KAM), and provide
examples of such matters.
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