Publication

28 September 2018

Reporting key audit matters in the EU banking sector Analysis and good practice examples

Audit quality is vital for people to be able to rely on company information and have trust in markets. Communicating key audit matters (KAMs) in the auditor’s report is a relatively recent requirement to support the quality of audits. Auditor’s reporting of KAMs responds to the growing demand of investors and stakeholders for more transparency and insight in the audit process.

The banking sector is a pillar of EU economic growth and auditors are now producing more informative and insightful reports to contribute to the sector’s public trust and stability.

Our survey provides insights on auditor’s reporting on KAMs for more than 60 European banks. It aims to facilitate communication between banks, auditors and stakeholders on this important new requirement.

Find the full publication and our 2-page summary below.

Related content

Team memberHarun Saki

22 July 2019

Consultation responseSir Donald Brydon’s Independent Review into the Quality and Effectiveness of Audit

10 July 2019

Consultation responseIAASB’s consultations on Quality Management standards

8 July 2019

Consultation responseIAASB’s consultation on Extended External Reporting (EER) assurance

27 June 2019

BlogBetter business decisions with assurance on non-financial information

20 June 2019

Consultation responseIAASB’s proposed strategy for 2020-2023 and work plan for 2020-2021

5 June 2019

BlogGDPR one year on: its impact on auditors and accountants?

13 May 2019

Blog7 ways accountants can help companies get more sustainable

24 April 2019

Team memberJúlia Bodnárová

18 April 2019

In the mediaEvolution of SME audit in Europe from the perspective of the legislation and auditing standards

10 April 2019

Consultation responseEC’s TEG preliminary recommendations on EU green bond standard

8 April 2019

Consultation responseIAASB’s exposure draft on proposed international standard on related services 4400 (revised)

15 March 2019

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

20 February 2019

Stories from PracticeVolunteering for a more human approach

7 January 2019

Publication10 Most popular publications of 2018

11 December 2018

PublicationGDPR: implications for auditors

6 December 2018

Consultation responseIAASB’s exposure draft ISA 315 (revised) on identifying and assessing the risks of material misstatement

2 November 2018

EventIAASB – Shape the future of EER assurance

14 October 2018

PublicationCore & More in practice

9 October 2018

NewsOur work towards the Future of Corporate Reporting

9 October 2018

Sign up for our newsletter