Dean, Postgraduate Professional Programmes, Associate Professor of Accounting (Practice) Themin Suwardy and Melvin Yong, Singapore country head, CPA Australia wrote an article about the disclosure of key audit matters (KAM). For audit reports issued on or after Dec 15, 2016, the disclosure of KAM has become mandatory for listed companies. Singapore-listed companies have to guard against the risk that the new enhanced auditor reports that took effect about nine months ago may one day return to generic boilerplate language, according to professional services firm KPMG.