at Google ScholarTitle data
Federsel, Florian ; Hörner, Sven:
Do Country Differences Matter? Key Audit Matter Disclosure and the Role of Country Attributes.
2023
Event: 12th European Auditing Research Network (EARNet) Symposium & Ph.D. Workshop
, 21.-23. Oktober 2023
, Thessaloniki, Griechenland.
(Conference item: Conference
,
Speech with paper
)
Abstract in another language
Key audit matters (KAM) are supposed to enhance the informational value of the audit report. Since the audit report is the primary communication channel between the auditor and the financial statement users, understanding the determinants of KAM disclosure is crucial. Our cross-country study contributes to this goal by investigating whether and how country attributes affect KAM disclosure. We examine KAMs of 2,467 unique companies from 28 European countries, offering a well-suited research setting due to the uniform KAM regulation effective since 2017 and simultaneously broad institutional diversity. Using principal component analysis, we identify seven country-level factors associated with economic, regulatory, audit market-related, and sociological attributes. Moreover, we show that the country factors significantly explain different aspects of KAM disclosure. In our additional analyses, we contribute to the inconclusive literature on the relation of disclosed KAMs with audit fees and the audit report lag. We find a positive association moderated by some of our identified country factors. Thus, our study demonstrates the relevance of country attributes in the context of KAM reporting and provides a differentiated perspective on the implementation of the regulation regarding the expanded audit report across Europe.
Further data
| Item Type: | Conference item (Speech with paper) |
|---|---|
| Refereed: | No |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Business Administration Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X - International Financial Reporting Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X - International Financial Reporting > Chair Business Administration X - International Financial Reporting - Univ.-Prof. Dr. Rolf Uwe Fülbier Faculties |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 04 Oct 2023 08:44 |
| Last Modified: | 04 Oct 2023 08:44 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/87026 |