Which of the following accurately describes a characteristic of key audit matters $($KAMs$)?$

a$.$ KAMs concern any matters communicated to the audit committee.

b$.$ KAMs involve simple, objective management judgment.

c$.$ All public companies will have the same number of KAMs.

d$.$ Accounts with a large balance where the auditor spends a significant of time gathering evidence will become KAMs.

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Review the section on key audit matters in Chapter $15.$