What are Key Audit Matters (KAMs)?

Cerini Short

In this Cerini Short, Mahnaz Cavalluzzi, CPA, Manager, explains Key Audit Matters.

As part of audit engagements, auditors may be engaged to report on Key Audit Matters (KAMs). The purpose of communicating KAMs is to provide greater transparency about the audit that was performed and to provide financial statement users with a basis to further engage with management and those charged with governance.

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