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Why are key audit matters section not included in the disclaimer of opinion report
Short answer – because ISA 705 says so(!)
Consider though … in the very rare circumstances that the auditor disclaims an opinion, the auditor is saying “I was unable to obtain sufficient appropriate audit evidence” …
The reasons will be explained in the “Basis for Disclaimer of Opinion” – it would therefore be superfluous to include KAMs and contrary to the general rule that matters are reported only once rather than duplicated in an auditor’s report.
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