Key Audit Matters (KAMs) are required in audit reports of:
AAll entities
BListed (public-interest) entitiesCORRECT
CCharities only
DGovernment entities only
ACCAAudit & Assurance
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
ISA 701 requires KAMs in listed-entity audit reports — matters that were of most significance in the audit.
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