Abstract
This study aims to explore Key Audit Matters (KAMs) contained in the independent auditor's report according to the latest International Standards on Auditing (ISA) rule— Enhanced Auditor’s Reports (EAR). In addition, we illustrate how the experience of neighboring country—Malaysia, which has adopted Enhanced Auditor’s Report (EAR), to obtain an overview of the prospect of implementing this rule in Indonesia. We collect and analyze articles related to the topics published from 2015 to 2018. Based on literature review, we can conclude that Key Audit Matters (KAMs) are substantial for investors, managements, and auditors. Malaysia as one of the countries that adopt Enhanced Auditor’s Report (EAR) shows a positive change in its first year implementation. Reflecting on this neighboring country, The Indonesian Institute of Certified Public Accountants (IAPI) as the responsible party for the preparation and determination of Standar Audit (audit standards that apply in Indonesia) should immediately take actions to adopt Enhanced Auditor’s Reports (EAR) to receive many benefits of Key Audit Matters (KAMs).
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