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Research Critical Audit Matters (describe in AS 3101) and Key Audit Matters (described in AU-C 700 and AU-C 701). Define both Key Audit Matters and

  1. Research Critical Audit Matters (describe in AS 3101) and Key Audit Matters (described in AU-C 700 and AU-C 701).
    1. Define both Key Audit Matters and Critical Audit Matters.
    2. What are the main differences between Key Audit Matters and Critical Audit Matters?
    3. What are the reporting requirements for communicating Key Audit Matters?

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