The Effects of Key Audit Matters on the Auditor’s Report’s Communicative Value: Experimental Evidence from Investment Professionals and Non-professional Investors
The Effects of Key Audit Matters on the Auditor’s Report’s Communicative Value: Experimental Evidence from Investment Professionals and Non-professional Investors
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DOI：
10.1080/17449480.2020.1726420
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发表时间：
2020-02
影响因子：
2.8
通讯作者：
Annette G. Köhler;Nicole V. S. Ratzinger‐Sakel;Jochen C. Theis
中科院分区：
文献类型：
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作者：
Annette G. Köhler;Nicole V. S. Ratzinger‐Sakel;Jochen C. Theis
摘要我们研究了新的伊萨701要求的关键审计事项在审计报告中的作用。我们认为投资专业人士和非专业投资者在我们的实验中，我们测试的沟通价值KAM部分有关商誉减值。我们的主要研究结果表明，在条件下，KAM部分表明，已经很小的变化，在关键假设可能最终导致商誉减值（KAM阴性条件），投资专业人士评估公司的经济状况要明显好于条件相比，其中KAM部分表明，只有重大的变化，在关键假设可能最终导致商誉减值（KAM阳性条件）。在与非专业投资者的额外分析中，我们发现KAM部分没有沟通价值，这意味着非专业投资者在处理KAM所传达的信息时存在困难。
Abstract We investigate the effect of key audit matters (KAM) in the auditor’s report as required by the new ISA 701. We consider investment professionals and non-professional investors in our experiments, in which we test the communicative value of a KAM section relating to goodwill impairment. Our main results show that in the condition in which the KAM section suggests that already small changes in the key assumptions could eventually lead to a goodwill impairment (KAM negative condition), investment professionals assess the economic situation of the company to be significantly better as compared to the condition in which the KAM section suggests that only large changes in the key assumptions could eventually lead to a goodwill impairment (KAM positive condition). In the additional analysis with non-professional investors, we find that a KAM section has no communicative value, implying that non-professional investors have difficulties with processing the information conveyed with KAM.