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Pls bit confused with these from BPP text
‘Note that an EoM paragraph is not used when the issue has been covered as a key audit matter (see
Section 2 above). The auditor must choose whether a matter is simply a key audit matter, or whether it
needs an EoM paragraph”” If there is a Key Audit Matters
section in the report, then it is up to the auditor’s judgement whether to place the EoM before this (ie
straight after the Basis for Opinion) or after it.”Becasuse in the first paragraph is says that where KAM are put in the report it means EoM has no place in the report but the second paragraph it says its left to the auditors judgement either to put it before or after the Basis for Opinion this is provided there is KAM… pls help
Where’s the confusion?
If the matter is an EoM but it’s mentioned within KAM, then we don’t need an EoM paragraph
If the matter is an EoM but is NOT included within KAM, then it has its own paragraph.
Where to include that paragraph? Before or after the KAM section? Wherever you want … it can go before or after … it’s your call
Is that any better?
oh great… Would you mind giving me an eg a EoM which could be included in KAM how it may appear …
Thanks
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