Key Audit Matters improve the communicative value of audit communications. Statutory pronouncement of ICAI on communicating Key Audit Matters (KAM) in Independent Auditor’s Report (SA 701) is worth attention of all stakeholders who are charged with Governance. The enhanced reporting standards issued by the Institute of Chartered Accountants of India (ICAI) came into effect for audits of financial periods beginning on or after 1 April 2018, envisage the inclusion of key audit matters (KAMs) in the audit report. JHS & Associates LLP has analyzed Key Audit Matters as reported in the annual reports of Nifty 50 companies for the year ended 2019. We enclose the research output and analysis for your reference.
Financial Literacy
