SA 701 on communicating Key Audit Matters applies to audits of complete sets of general purpose financial statements of:

Correct answer: A) Listed entities, and other entities where the auditor decides to or is required by law or regulation to communicate key audit matters

Explanation

SA 701 applies to audits of complete sets of general purpose financial statements of listed entities, and in circumstances where the auditor otherwise decides to communicate KAMs or is required by law or regulation to do so. Key audit matters are selected from matters communicated with those charged with governance.