… of the financial report of the current period and this Auditing Standard does not require the auditor to update key …

The auditor may develop a preliminary view at the planning stage about matters that are likely to be areas of significant auditor attention in the audit and therefore may be key audit matters.  The auditor may communicate this with those charged with …

Audit documentation prepared during the audit can also be useful to the auditor in formulating the description of a key audit matter.  For example, written communications, or the auditor’s documentation of oral communications, with those charged with …

Determining which, and how many, of those matters that required significant auditor attention were of most significance in the audit of the financial report of the current period is a matter of professional judgement.  The number of key audit matters to …

… in the audit.  Limiting the use of highly technical auditing terms also helps to enable intended users who do not have a reasonable knowledge of auditing to understand the basis for the auditor’s focus on …

… For the purposes of this Auditing Standard, the following term has the meaning …

… the audit (e.g., a completion memorandum).  However, this Auditing Standard does not require the auditor to document …

The concept of matters of most significance is applicable in the context of the entity and the audit that was performed.  As such, the auditor’s determination and communication of key audit matters is intended to identify matters specific to the audit and …

… This Auditing Standard applies to:  an audit of a financial …

It is appropriate for the auditor to seek to avoid the description of a key audit matter inappropriately providing original information about the entity.  The description of a key audit matter is not usually of itself original information about the …