International Standard on Auditing (New Zealand) 701
Communicating Key Audit Matters in the Independent Auditor’s Report
Deals with the auditor’s responsibility to communicate key audit matters (KAM) in the auditor’s report.
In New Zealand, the requirement to report KAM applies to auditors’ reports for all FMC reporting entities considered to have a higher level of public accountability.
It also applies when the auditor is required by law or regulation to communicate KAM for other entities or when the auditor decides to communicate KAM on a voluntary basis.
Applicable for audits of financial statements for periods as indicated. Versions prior to the previous version can be found on the archive page.
New version not yet mandatory
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