This paper examines whether the readability (and hence informative value) of key audit matters (KAM) varies according to the audit firm and the KAM type disclosed, a question of vital importance for stakeholders, whose effective decision-making depends on the quality of information received. Our analysis shows that the informative value of KAM matter and KAM audit procedures varies according to the audit firm responsible. This informative value also depends on whether the KAM is related to entity- or accounting-level risks. This study contributes to the KAM and audit quality literature by showing how these factors impact on the informative value of the expanded audit report. Furthermore, in the context of the agency, institutional and self-presentation theories and the real effects hypothesis, we discuss auditors’ incentives to increase or decrease the informative value of the expanded audit report.

中文翻译：

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审计报告中关键审计事项的信息价值：了解审计事务所和 KAM 类型的影响

本文探讨了关键审计事项 (KAM) 的可读性（以及信息价值）是否因审计公司和披露的 KAM 类型而异，这对于利益相关者来说至关重要，因为利益相关者的有效决策取决于信息的质量已收到。我们的分析表明，KAM 事项和 KAM 审计程序的信息价值因负责的审计公司而异。此信息价值还取决于 KAM 是否与实体或会计级别的风险相关。本研究通过展示这些因素如何影响扩展审计报告的信息价值，为 KAM 和审计质量文献做出了贡献。此外，在代理、制度和自我呈现理论以及真实效果假设的背景下，。