A Key Audit Matter Is

question 63

Multiple Choice

A key audit matter is:

• A) a qualified report.
• B) should be specific to the entity and highlight matters that, in the auditor's professional judgement, were of most significance in the audit of the financial statements
• Of the current period.
• C) never permitted in Canada
• D) all of the above.

---

Definitions:

Ethical Decision-Making

The method of examining and selecting options in a way that aligns with moral standards.

Course of Action

A plan or strategy designed to achieve a specific goal or to deal with a particular problem.

Stakeholders

Individuals or groups with an interest in the decisions and outcomes of a business, project, or policy, including employees, customers, investors, and communities.

Ethical Decision-Making Framework

A systematic approach to solving ethical dilemmas, considering moral principles and values.