Audit Report

Try this article:

https://www.accaglobal.com/uk/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/technical-articles/auditor-report.html

I think that KAMs can be summed up as: items selected from matters which are communicated with those charged with governance. Matters which are discussed with those charged with governance are then evaluated by the auditor who then determines those matters which required significant auditor attention during the course of the audit.

EoM would now appear to be very rare events because these are likely either to be included in the material uncertainty as to going concern or the KAMS. Note that if in the KAM the matter cannot also be in an EoM.

Other matters: If the auditor considers it necessary to communicate a matter other than those that are presented or disclosed in the financial statements that, in the auditor’s judgment,is relevant to users’ understanding of the audit, the auditor’s responsibilities or the auditor’s report, the auditor shall include an Other Matter paragraph in the auditor’s
report. The usual example is where there is something in the directors’ report that contradicts the FS (and the FS are correct). Note that the director’s report is not covered by an audit report so the audit opinion cannot be qualified if the information in the directors’ report is wrong.