جستجوی مقالات مرتبط با کلیدواژه « key audit matters » در نشریات گروه « حسابداری »

This research has been conducted with the aim of investigating the effect of the disclosure of key audit matters in the independent auditor's report on the audit fee and the delay in issuing the independent auditor's report. Adding the key audit matters section in the audit report in order to strengthen the auditor's relationship with the stakeholders through audit reports is considered one of the important regulations enacted in recent years, which is crystallized by the formulation of the 701 audit standard entitled "Reporting key audit matters in the independent auditor's report". has been This research is conducted with the statistical population consisting of 71 members of audit committees of listed and non-listed companies and through interviews and questionnaires to collect data and then using 22SPSS software, the effect of disclosing key audit matters on audit fees and delay in issuing the auditor's report. The results of this study showed that the inclusion of key audit matters in the auditor's reports constantly leads to a delay in the issuance of the audit report. It also provides evidence of the existence of a significant positive relationship between key audit matters and accounting costs. Our findings will help editors of laws and regulations and observers to better understand the consequences of modern accounting standards.

This study examines the challenges and opportunities in impelimenting of International Standard of Auditing 700 (revised 2015) and 701 (new) in Iran in terms of the recent transformations in auditor report and potential impacts of its change on various political, legal and economic environments.

We perform qualitative content analysis and in-depth interview among experienced group of 18 auditors and 15 investors.

This study has identified the defects in the present report in Iran (Form, content, presentation of the auditor report) and its roots (economic, legal, the audit profession, corporate reporting, auditing standards and expectations), as well as the challenges (auditor resistance, problems in execution of standards, increase in reporting risks, client resistance and increased probability of confusion and diversity in user perception of Key Audit Matters) Opportunities (promotion of auditor report and the audit profession, enhanced relations, improved investor decision making and management assistance) and the required strategies (training, adequate standard setting performance warrantees and method of performance) for the proper execution of the new audit report. Moreover, Key Audit Matters from the point of view of auditors and investors as well as other informational needs of investors have been extracted from the audit report.

According to the findings, the current level of the report is quite different from standard levels being applied, and effective action is required for resolving defects observed in the current auditor report, including increased supervision on the audit profession by related authorities as well as an increase in the quality of the auditor report. Moreover, findings of this research shall contribute to the body of knowledge in the field of auditing, and provide a perception- through consideration of opportunities (including upgrading the auditor report and the audit profession, improving investor decision making, etc.) and challenges encountered (such as auditor and client resistance, etc.)- by regulators  including standard setting authorities in auditing, the Securities Exchange Organization can act as supervisory authorities and pave the way towards more effective achievement of objectives set for the new audit report.

The purpose of the present research is to investigate the outlook of auditors on key auditing matters according to ISA 701. Responses to questionnaires distributed among members of the CPA, indicate that evaluations made by auditors of the basic assumptions that form the basis for recognition and disclosure of financial statement items in the auditor report, the approach taken by the auditor when faced with various risks in the company, accounts with the highest risks of significant fraud including risks of fraud in the auditor report, auditor evaluation of significant events and transactions during the fiscal period as well as matters that hold the highest significance in the financial statements based on the auditor’s judgment have to be identified as key audit matters. From the auditor’s point of view, disclosure of KAM results in enhancement of the informational value of the auditor report and reduction of its uniformity, an increase in professional and legal accountability of the auditor, enhancement of investor decision making, and promotion of audit and financial reporting quality. KAMs differ in and across various industries. Furthermore, auditors believe that disclosure of  KAM results in user perception of a piecemeal opinion issued by the auditor on these matters as well as unacceptability of the unmodified audit opinion issued, diversity in Key Audit Matters due to the differing professional judgments applied by auditors, increase in audit fees, negative impact on the client-auditor relationship, increased pressure by client on the auditor and user perception of the auditor as the original source of information. Auditors have also expressed the necessity of guidelines for the identification and disclosure of KAMs and believe that these matters must be disclosed in paragraphs closest in proximity to the auditor opinion and an appropriate heading must be given to each category.