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Disclosure of key audit matters (KAMs) in financial reporting: evidence from an emerging economy by Md Mustafizur Rahaman; Md Moazzem Hossain; Md. Borhan Uddin Bhuiyan is a Business, Management and Accounting article available to read on EtoBox.

What is Disclosure of key audit matters (KAMs) in financial reporting: evidence from an emerging economy about?

Purpose The new audit regulation for disclosure of key audit matters (KAMs) in financial reporting has been introduced in both developed and developing countries. This study investigates the influence of three distinctive sets of variables, namely industry features, firm characteristics and auditor attributes, on the extent, pattern and level of disclosure of KAMs by companies listed in Bangladesh, an emerging economy. Design/methodology/approach The study uses qualitative and quantitative research approaches to investigate the pattern of disclosure of KAMs and their determinants. With a sample of 447 firm-year observations from companies listed on the Dhaka Stock Exchange over 2018–2020, the study reveals industry-level, firm-level and auditor-specific characteristics that affect KAMs' communication in the new audit reporting model. Findings The findings suggest that significant differences exist between firms in the number and types of KAMs reported and the extent of their disclosure. The study findings also observed variations both within and across different industry sectors. Highly regulated firms disclose a greater number of KAMs, while environmentally sensitive firms are fou

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Author

Md Mustafizur Rahaman; Md Moazzem Hossain; Md. Borhan Uddin Bhuiyan

Published

2022

Language

EN

Field

Business, Management and Accounting (Social Sciences)