A matter giving rise to a modified opinion in accordance with ASA 705, or a material uncertainty related to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern in accordance with ASA 570, are by …

Form and Content of the Key Audit Matters Section in Other Circumstances …

If the auditor determines, depending on the facts and circumstances of the entity and the audit, that there are no key audit matters to communicate or that the only key audit matters communicated are those matters addressed by paragraph  15 of this …

The auditor shall communicate with those charged with governance: Those matters the auditor has determined to be the key audit matters; or If applicable, depending on the facts and circumstances of the entity and the audit, the auditor’s determination …

Understanding the entity’s objectives, strategy and business model helps the auditor to understand the entity at a strategic level, and to understand the business risks the entity takes and faces.   An understanding of the business risks that have an …

The auditor shall include in the audit documentation: [6]  (Ref: Para.  A64) The matters that required significant auditor attention as determined in accordance with paragraph 9 of this Auditing Standard, and the rationale for the auditor’s determination …

Significance can be described as the relative importance of a matter, taken in context.  The significance of a matter is judged by the auditor in the context in which it is being considered.  Significance can be considered in the context of quantitative …

Users of financial reports have expressed an interest in those matters about which the auditor had the most robust dialogue with those charged with governance as part of the two‑way communication required by ASA 260 [7]  and have called for additional …