ISA 701 – Key Audit Matters

Manjarita Hansen

Student thesis: Master thesis


This thesis seek to examine ISA 701 including Key Audit Matter and the key focus is to examining which information and value the elected international standard of accounting is expecting to add to the chosen users of the annual report. To examining the key focus of the report will there first be explained what ISA 701 includes and hereby which changes it will have on the conclusion in the annual report. The annual report for the Danish listed company DSV has been chosen as an example to be able to analyse in details through this example which information ISA can be expected to add to the user of the annual report, which is done by analysing if it is possible solely though the public available information to detect Key Audit Matters and on the basis of this will there be concluded which information ISA 701 is expected to add the users of the audit report. To analyse the second part of the key focus of the report, which concerns which value ISA 701 is excepting to add the user of the annual report there will be included interviews with the elected users of the annual report and through this will there be examining which information the parties values and through a number of other parameters will there be analysed which value ISA 701 is excepted to add each of the elected users of the annual report.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2017
Number of pages160
SupervisorsJørgen Valther Hansen