KAM

Hi

There was a question in March/June 2018 that “Identify what a key audit matter (KAM) is and explain how the auditor determines and communicates KAM.”(5 marks)

In examiners answer ,marking scheme was as follows:

Key audit matters
– Definition of KAM 1
– Purpose of KAM 1
– Significant matters and areas of judgement 1
– Examples of KAM 2
– KAM disclosure 1
Restricted to 5

I just want to ask that if I write all the above points excluding KAM disclosure which is for 1 mark, so would I be able to get full 5 marks or not?

This has came in my mind just because if we read the requirement of question it says how the auditor determines and COMMUNICATES KAM.

So if I do not write about KAM disclosure , but write all other points mentioned in marking scheme then still the sum of those points makes 5 marks (i.e 1+1+1+2), HOWEVER is it such that by NOT writing on KAM disclosure I am omitting the requirement of question? Please clear this confusion