Enhanced auditor’s report - Review of first year experience in Hong Kong

Jul 2017

The new and revised auditor reporting standards have marked a move to reports that are more informative and insightful, in particular by introducing the requirements for auditors of listed entities to communicate key audit matters (KAM) in their audit reports.

In this survey, we will take a look at the first year experience of implementing the new reporting standards in Hong Kong and the feedback from investors, and explore ways to maintain the momentum for continuous enhancement of audit reports. 

  • Well balanced KAM that is concise and yet provides sufficient insight about the matter
  • Engaging report layout that can deliver details in an easier-to-read manner
  • Outcome of KAM may provide an understanding of the result of auditor’s work
  • Readiness of other information comprising the annual report by auditor’s report date

Contact us

Amanda Chan

Partner, PwC Hong Kong

Tel: +[852] 2289 1366

Xiaoyue Sun

Director, PwC Hong Kong

Tel: +[86] (21) 2323 3395

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