Which of the following requires that key audit matters (KAMs)be included in audit reports,effective for audits of financial statements for periods ending on or after December 15,2016?
A)Standards issued by AICPA's Auditing Standards Board.
B)Standards issued by PCAOB.
C)Standards issued by IAASB.
D)Standards issued by PCAOB and IAASB.

Question

Quizplus · Accepted Answer

Key Audit Matters (KAMs) are required to be included in audit reports according to standards issued by the International Auditing and Assurance Standards Board (IAASB), effective for audits of financial statements for periods ending on or after December 15, 2016.

Which of the Following Requires That Key Audit Matters (KAMs)be