KAM Determination

Evaluate supplied criteria for key-audit-matter determination.

Description

KAM determination and permission to communicate are separate decisions.

KAM determination and permission to communicate are separate decisions. This tool applies recorded criteria directly.^[1]

Evaluate supplied criteria for key-audit-matter determination.

When to use KAM Determination

Use this tool to evaluate supplied criteria for key-audit-matter determination.

Prepare the documented facts, aligned totals or expected/observed evidence labels requested. Choose applicable requirements and thresholds separately before interpreting a planning screen.

How to use KAM Determination and understand its results

Prepare the documented facts, aligned totals or expected/observed evidence labels requested. Choose applicable requirements and thresholds separately before interpreting a planning screen.
Enter significantAuditorAttention, communicatedWithGovernance, mostSignificantMatter, disclosureProhibited using the field table and calculation rules, then run the tool.
Read criteriaMet, qualifiesAsKam, communicationResult. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
significantAuditorAttention	Required significant auditor attention	boolean	Required
communicatedWithGovernance	Communicated with governance	boolean	Required
mostSignificantMatter	Among most significant matters	boolean	Required
disclosureProhibited	Disclosure is prohibited	boolean	Required

Enter booleans; return count/qualification. Qualifying plus disclosure prohibition gives omit-prohibited, qualifying otherwise include, else not-kam.

qualifies=all three attention/governance/significance flags

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
criteriaMet	KAM criteria met	integer; minimum: 0
qualifiesAsKam	Qualifies as KAM	boolean
communicationResult	Communication result	string; one of "include", "omit-prohibited", "not-kam"

json

{
  "input": {
    "significantAuditorAttention": true,
    "communicatedWithGovernance": true,
    "mostSignificantMatter": true,
    "disclosureProhibited": false
  },
  "output": {
    "criteriaMet": 3,
    "qualifiesAsKam": true,
    "communicationResult": "include"
  }
}

Limitations and assumptions

No report, legal disclosure restriction or governing audit standard is assessed.

Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors. A successfully returned false flag is an evaluated outcome; its meaning is explained above.

Alternative or Complementary methods

Use KAM Selection Score: Score key-audit-matter candidate factors against a supplied threshold. For a complementary task, use CAM Element Coverage: Audit critical-audit-matter element coverage.

References

KAM Determination — tool.io

Similar or alternative tools

KAM Selection Score
Score key-audit-matter candidate factors against a supplied threshold.
CAM Element Coverage
Audit critical-audit-matter element coverage.