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COMPILER’S NOTE
Standard on Auditing (SA) 701 ‘Communicating Key Audit Matters in the Independent Auditors’ Report’ requires auditors to communicate additional information to intended users of the financial statements to assist them in understanding those matters that, in the auditor’s professional judgement, were of most significance in the audit of the financial statements of the current period. Communicating key audit matters (KAM) may also assist intended users in understanding the entity and areas of significant management judgment in the audited financial statements.
Given below are 3 interesting instances of KAM reported by Auditors for the year ended 31st March 2025
Notes to Standalone Financial Statements
Note 2.3(e) - Derivative Instruments
Forex Derivatives
Initial recognition and subsequent measurement
The Company uses derivative financial instruments, such as forward, future and currency options contracts to hedge its
