ICAP issued Circular 3 of 2019 on July 2, 2019.
The year 2018-19 was the first year of reporting Key Audit Matters (KAMs) under the new auditor’s report for listed companies in Pakistan. We are pleased to share our study – “First Year Experience of Revised Auditor’s Report In Pakistan”.
This study is based on the review of auditors’ reports of 447 listed entities representing 34 sectors of Pakistan’s economy and it also includes the first year implementation experience of other jurisdictions on the new auditor report and KAMs. Further, a sample compilation of KAMs as reported in the annual reports of listed entities has also been compiled and uploaded on Institute’s website.
Link of Document(s)
The study and compilation can be accessed at:
Circular 3 of 2019 First Year Experince Implementation Report of KAMs in Pakistan
First Year Experince Implementation Report of KAMs in Pakistan
Sample-KAMs-Final-for-website-Volume-1 (1) Sample-KAMs-Final-for-website-Volume-2
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