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The effect of key audit matters on audit report lag and determinants of the audit report lag: Turkish evidence

Year 2022, Volume: 15 Issue: 2, 549 - 566, 31.12.2022
https://doi.org/10.17218/hititsbd.1168160

Abstract

Bu çalışma, Kilit Denetim Konularının Türkiye'deki Denetim Raporu Gecikmesi üzerindeki etkisini ve Denetim Raporu Gecikmesi ile bazı denetçi ve firma özellikleri arasındaki ilişkiyi analiz etmeyi amaçlamıştır. Bağımlı ve bağımsız t-testleri, ANOVA yöntemi ve Kruskal Wallis Testi uygulanarak hipotezlerin test edilmesinde SPSS 28 programı kullanılmıştır. Denetim raporları aracılığıyla denetçi iletişimini güçlendirmek amacıyla denetim raporuna Kilit Denetim Konuları bölümünün eklenmesi son yıllarda yapılan önemli düzenlemelerden biri olarak kabul edilmektedir. Kilit Denetim Konuları raporlamasının Türk şirketleri üzerindeki etkisini anlamak için BİST 100'de yer alan finansal şirketler dışındaki şirketlerin 2016 ve 2017 mali tablo sonuçları karşılaştırılmıştır. Bu karşılaştırma, Kilit Denetim Konularının denetim raporlarına dahil edilmesinin denetim raporu gecikmesini etkilemediğini ortaya koydu. Çalışmada, denetim raporu gecikmesinin belirleyicilerinin belirlenmesi amacıyla Kilit Denetim Konusu da dahil olmak üzere bazı değişkenler incelenmiştir. Bazı literatürle tutarlı olan sonuçlar, ROA'nın denetim raporu gecikmesi üzerinde önemli bir olumsuz etkisi olduğunu göstermiştir. Denetim raporu gecikmesi ile büyüklük, denetçi firma ve denetçi cinsiyeti gibi diğer değişkenler arasında anlamlı bir ilişki bulunamadı.

References

  • Abdelfattah, T., Elmahgoub, M. and Elamer, A.A. (2020). Female audit partners and extended audit reporting: UK evidence. Journal of Business Ethics, 174(1), 177-197. doi: 10.1007/s10551-020-04607-0
  • Al‐mulla, M. and Bradbury, M. E. (2022). Auditor, client and investor consequences of the enhanced auditor's report. International Journal of Auditing, 26(2), 134-150. doi: 10.1111/ijau.12255
  • Apadore, K., and Mohd Noor, M. (2013). Determinants of audit report lag and corporate governance in Malaysia. International Journal of Business & Management, 8(15), 151–163. doi:10.5539/ijbm.v8n15p151
  • Arifuddin, K. H. and Usman, A. (2017). Firm size, profitability, and auditor opinion influence to audit report lag on registered manufacturing firm in Indonesia stock exchange. International Journal of Applied Business and Economic Research, 15(19), 353-367. Retrieved from: https://core.ac.uk/download/pdf/132584436.pdf
  • Asare, S.K. and Wright, A.M. (2012). Investors’, auditors’, and lenders’ understanding of the message conveyed by the standard audit report on the financial statements. Accounting Horizons, 26(2), 193 –217. doi: 10.2308/acch-50138
  • Baatwah, S. R., Almoataz, E. S., Omer, W. K., and Aljaaidi, K. S. (2022). Does KAM disclosure make a difference in emerging markets? an investigation into audit fees and report lag. International Journal of Emerging Markets, (ahead-of-print). doi:10.1108/IJOEM-10-2021-1606
  • Bédard, J., Gonthier-Besacier, N., and Schatt, A. (2019). Consequences of expanded audit reports: evidence from the justifications of assessments in France. Auditing: A Journal of Practice & Theory, 38(3), 23–45. doi:10.2308/ajpt-52339
  • Boonyanet, W. and Promsen, W. (2019). Key Audit Matters: Just little informative value to investors in emerging markets?. Chulalongkorn Business Review, 41(159), 153–183. doi:10.14456/cbsr.2019.6
  • Cade, N. L. and Hodge, F. D. (2014). The effect of expanding the audit report on managers’ communication openness. SSRN Electronic Journal. Retrieved from: https://ssrn.com/abstract=2433641
  • Carmichael, D.R. and Winters, A.J. (1982). The evolution of audit reporting. Auditing Symposium VI: Proceedings of the 1982 Touche Ross/University of Kansas Symposium on Auditing Problems, 1-20. Retrieved from: https://www.jstor.org/stable/40697810?seq=1 #metadata_info_tab_contents
  • Christensen, B., Glover, S., Steven, M., and Wolfe, C. (2014). Do critical audit matter paragraphs in the audit report change nonprofessional investors' decision to invest? Auditing: A Journal of Practice & Theory, 33, 71–93. doi: 10.2308/ajpt-50793
  • Cieselski, J.T. and Weirich, T. (2012). A new audit report. The CPA Journal, 82(2), 11-14. Retrieved from: https://www.nysscpa.org/news/publications/the-cpa-journal/article-preview? ArticleID=10978#sthash.hIe6e98f.dpbs
  • Cordoş, G. S. and Fülöpa, M. T. (2015). Understanding audit reporting changes: Introduction of key audit matters. Accounting and Management Information Systems, 14(1), 128–152. Retrieved from: http://online-cig.ase.ro/jcig/art/14_1_6.pdf
  • Defond, M. and Lennox, C. (2011). The effect of SOX on small auditor exits and audit quality. Journal of Accounting and Economics, 52(1), 21–40. doi:10.1016/j.jacceco.2011.03.002
  • Durand, G. (2019). The determinants of audit report lag: A meta-analysis. Managerial Auditing Journal, 34(1), 44–75. doi: 10.1108/MAJ-06-2017-1572
  • Eshleman, J. D. and Guo, P. (2014). Do Big 4 auditors provide higher audit quality after controlling for the endogenous choice of auditor?. Auditing: A Journal of Practice & Theory, 33 (4), 197–219. doi:10.2308/ajpt-50792
  • Fujianti, L. and Satria, I. (2020). Firm size, profitability, leverage as determinants of audit report lag: evidence from Indonesia. International Journal of Financial Research, 11(2), 61-67. doi:10.5430/ijfr.v11n2p61
  • Habib, A., Bhuiyan, M.B.U., Huang, H.J., and Miah, M.S. (2019). Determinants of audit report lag: A meta-analysis. International Journal of Auditing, 23(1), 20-44. doi: 10.1111/ijau.12136
  • Hardies, K. Breesch, D., and Branson J. (2016). Do (fe)male auditors impair audit quality? evidence from going-concern opinions. European Accounting Review, 25(1), 7-34. doi:10.1080/09638180.2014.921445
  • Ianniello, G. and Galloppo, G. (2015). Stock market reaction to auditor opinions – Italian evidence. Managerial Auditing Journal, 30(6/7), 610-632. doi:10.1108/MAJ-06-2014-1045
  • Ittonen, K. (2012). Market reactions to qualified audit reports: research approaches. Accounting Research Journal, 25(1), 8-24. Doi:10.1108/10309611211244483
  • Ittonen, K., Vähämaa, E., and Vähämaa, S. (2013). Female audit partners and accruals quality. Accounting Horizons, 27(2), 205–228. doi:10.2308/acch-50400
  • Kawamoto, C. T., Dantas, J. A., and Antiqueira, J. R. M. (2021). The relationship between the introduction of key audit matters and the audit delay in Brazil. Revista Contemporânea de Contabilidade, 18(49), s.92-110. doi:10.5007/2175-8069.2021.e78378
  • Kend, M. and Nguyen, L.A. (2020). Investigating recent audit reform in the Australian context: an analysis of the KAM disclosures in audit reports 2017-2018. International Journal of Auditing, 24(3), 412-430. doi:10.1111/ijau.12205
  • Knechel, W. R. and Payne, J.L. (2001). Additional evidence on audit report lag. Auditing: A Journal of Practice & Theory, 20(1), 137–146. doi:10.2308/ aud.2001.20.1.137
  • Krishnan, J. and Yang, J.S. (2009). Recent trends in audit report and earnings announcement lags. Accounting Horizons, 23(3), 265-288. doi: 10.2308/acch.2009.23.3.265
  • Laitinen, E.K. and Laitinen, T. (1998). Qualified audit reports in Finland: evidence from large companies, European Accounting Review, 7(4), 639-653. doi: 10.1080/096381898336231
  • Lee, H. S., Nagy, A. L., and Zimmerman, A. B. (2019). Audit partner assignments and audit quality in the United States. The Accounting Review, 94(2), 297–323. doi: 10.2308/accr-52218
  • Leventis, S., Weetman, P., and Caramanis, C. (2005). Determinants of audit report lag: Some evidence from the Athens Stock Exchange. International Journal of Auditing, 9(1), 45–58. doi:10.1111/j.1099-1123.2005.00101.x
  • Li, H. (2017). The benefit of adding key audit matters to the auditing report. Proceedings of the 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017). 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017), Singapore. 21-24. doi:10.2991/icemse-17.2017.6
  • Li, H. (2020). A study of key audit matters disclosure. Modern Economy, 11(02), 399–406. doi: 10.4236/me.2020.112030
  • Manson, S. and Zaman, M. (2001). Auditor communication in an evolving environment: going beyond SAS 600 auditors’ reports on financial statements. British Accounting Review, 33, 113–136. doi:10.1006/bare.2001.0157
  • Olojede, P., Erin, O., Asiriuwa, O., and Usman, M. (2020). Audit expectation gap: an empirical analysis. Future Business Journal, 6(10). doi:10.1186/s43093-020-00016-x
  • Pinto, I. and Morais, A.I. (2019). What matters in disclosures of key audit matters: evidence from Europe. Journal of International Financial Management and Accounting, 30(2), 145-162. doi:10.1111/jifm.12095
  • Prasad, P. and Chand, P. (2017). The changing face of the auditor’s report: implications for suppliers and users of financial statements. Australian Accounting Review, 27(4), 348-367. doi:10.1111/auar.12137
  • Rautiainen, A., Saastamoinen, J., and Pajunen, K. (2021). Do key audit matters (KAMs) matter? Auditors’ perceptions of KAMs and audit quality in Finland. Managerial Auditing Journal, 36(3), 386-404. doi: 10.1108/MAJ-11-2019-2462
  • Reid, L. C., Carcello, J. V., Li, C., and Neal, T. L. (2019). Impact of auditor report changes on financial reporting quality and audit costs: evidence from the United Kingdom. Contemporary Accounting Research, 36(3), 1501-1539. doi:10.1111/1911-3846.12486
  • Schelluch, P. and Gay, G. (2006). Assurance provided by auditors’ reports on prospective financial information: implications for the expectation gap. Accounting and Finance, 46(4), 653–676. doi:10.1111/j.1467-629x.2006.00187.x
  • Sirois, L., Bédard, J., and Bera, P. (2018). The informational value of key audit matters in the auditor's report: evidence from an eye‐tracking study. Accounting Horizons, 32(2), 141–162. doi: 10.2308/acch-52047
  • Suadiye, G. (2019). Determinants of the timeliness of financial reporting: Empirical evidence from Turkey. Hacettepe University Journal of Economics and Administrative Sciences, 37(2), 365-386. doi:10.17065/huniibf.399838
  • Sultana, N., Singh, H., and Van der Zahn, J.-L.W.M. (2015). Audit committee characteristics and audit report lag. International Journal of Auditing, 19(2), 72-87. doi:10.1111/ijau.12033
  • Suttipun, M. (2020). KAM reporting and common share price of listed companies in the market of alternative investment from Thailand. Academy of Accounting and Financial Studies Journal, 24(3), 1-10. Retrieved from: https://www.abacademies.org/articles/KAM-Reporting-and-Common-Share-Price-of-Listed-Companies-1528-2635-24-3-556.pdf
  • Türel, A. (2010). Timeliness of financial reporting in emerging capital markets: evidence from Turkey. Journal of the School of Business Administration, 39(2), 227-240. Retrieved from: https://dergipark.org.tr/en/pub/iuisletme/issue/9248/115702
  • Turner, J. L., Mock, T. J., Coram, P. J and Gray, G. L. (2010). Improving transparency and relevance of auditor communications with financial statement users. Current Issues in Auditing, 4(1), 1–8. doi:10.2308/ciia.2010.4.1.A1.
  • Vanstraelen, A., Schelleman, C., Meuwissen, R., and Hofmann, I. (2012). The Audit reporting debate: seemingly intractable problems and feasible solutions. European Accounting Review, 21(2), 193-215. doi:10.1080/09638180.2012.687506
  • Velte, P. (2018). Does gender diversity in the audit committee influence key audit matters’ readability in the audit report? UK evidence. Corporate Social Responsibility and Environmental Management, 25(5), 748-755. doi: 10.1002/csr.1491
  • Velte, P. (2020). Associations between the financial and industry expertise of audit committee members and key audit matters within related audit reports. Journal of Applied Accounting Research, 21(1), 185-200. doi: 10.1108/JAAR-10-2018-0163
  • Weirich, T.W. and Reinstein, A. (2014). The PCAOB's proposed new audit report, CPA Journal, 84(4), 24-29. Retrieved from: https://www.nysscpa.org/news/publications/the-cpa-journal/article-preview?ArticleID=11479#sthash.IgQNAFpa.dpbs

Kilit denetim konularının denetim raporu gecikmesine etkisi ve denetim raporu gecikmesinin belirleyicileri: Türkiye kanıtı

Year 2022, Volume: 15 Issue: 2, 549 - 566, 31.12.2022
https://doi.org/10.17218/hititsbd.1168160

Abstract

This paper aimed to analyze the effect of Key Audit Matters disclosure on Audit Report Lag in Turkey and the relationship between Audit Report Lag and some auditor and firm characteristics. SPSS 28 program was used to test the hypotheses by applying the dependent and independent t-tests, ANOVA method and the Kruskal Wallis Test. The addition of the Key Audit Matters section in the audit report in order to strengthen the communication of the auditor via audit reports is considered one of the important regulations made in recent years. In order to understand the impact of Key Audit Matter reporting on Turkish companies, the results of the 2016 and 2017 financial statements of the companies other than the financial companies in BIST 100 were compared. This comparison revealed that the inclusion of Key Audit Matters in audit reports does not affect audit report lag. In the study, some variables including Key Audit Matters were examined for the purpose of identifying the determinants of audit report lag. Results, which are consistent with some literature, showed that ROA had a significant negative influence on audit report lag. No significant relationship was found between audit report lag and other variables including size, auditor firm, and auditor gender.

References

  • Abdelfattah, T., Elmahgoub, M. and Elamer, A.A. (2020). Female audit partners and extended audit reporting: UK evidence. Journal of Business Ethics, 174(1), 177-197. doi: 10.1007/s10551-020-04607-0
  • Al‐mulla, M. and Bradbury, M. E. (2022). Auditor, client and investor consequences of the enhanced auditor's report. International Journal of Auditing, 26(2), 134-150. doi: 10.1111/ijau.12255
  • Apadore, K., and Mohd Noor, M. (2013). Determinants of audit report lag and corporate governance in Malaysia. International Journal of Business & Management, 8(15), 151–163. doi:10.5539/ijbm.v8n15p151
  • Arifuddin, K. H. and Usman, A. (2017). Firm size, profitability, and auditor opinion influence to audit report lag on registered manufacturing firm in Indonesia stock exchange. International Journal of Applied Business and Economic Research, 15(19), 353-367. Retrieved from: https://core.ac.uk/download/pdf/132584436.pdf
  • Asare, S.K. and Wright, A.M. (2012). Investors’, auditors’, and lenders’ understanding of the message conveyed by the standard audit report on the financial statements. Accounting Horizons, 26(2), 193 –217. doi: 10.2308/acch-50138
  • Baatwah, S. R., Almoataz, E. S., Omer, W. K., and Aljaaidi, K. S. (2022). Does KAM disclosure make a difference in emerging markets? an investigation into audit fees and report lag. International Journal of Emerging Markets, (ahead-of-print). doi:10.1108/IJOEM-10-2021-1606
  • Bédard, J., Gonthier-Besacier, N., and Schatt, A. (2019). Consequences of expanded audit reports: evidence from the justifications of assessments in France. Auditing: A Journal of Practice & Theory, 38(3), 23–45. doi:10.2308/ajpt-52339
  • Boonyanet, W. and Promsen, W. (2019). Key Audit Matters: Just little informative value to investors in emerging markets?. Chulalongkorn Business Review, 41(159), 153–183. doi:10.14456/cbsr.2019.6
  • Cade, N. L. and Hodge, F. D. (2014). The effect of expanding the audit report on managers’ communication openness. SSRN Electronic Journal. Retrieved from: https://ssrn.com/abstract=2433641
  • Carmichael, D.R. and Winters, A.J. (1982). The evolution of audit reporting. Auditing Symposium VI: Proceedings of the 1982 Touche Ross/University of Kansas Symposium on Auditing Problems, 1-20. Retrieved from: https://www.jstor.org/stable/40697810?seq=1 #metadata_info_tab_contents
  • Christensen, B., Glover, S., Steven, M., and Wolfe, C. (2014). Do critical audit matter paragraphs in the audit report change nonprofessional investors' decision to invest? Auditing: A Journal of Practice & Theory, 33, 71–93. doi: 10.2308/ajpt-50793
  • Cieselski, J.T. and Weirich, T. (2012). A new audit report. The CPA Journal, 82(2), 11-14. Retrieved from: https://www.nysscpa.org/news/publications/the-cpa-journal/article-preview? ArticleID=10978#sthash.hIe6e98f.dpbs
  • Cordoş, G. S. and Fülöpa, M. T. (2015). Understanding audit reporting changes: Introduction of key audit matters. Accounting and Management Information Systems, 14(1), 128–152. Retrieved from: http://online-cig.ase.ro/jcig/art/14_1_6.pdf
  • Defond, M. and Lennox, C. (2011). The effect of SOX on small auditor exits and audit quality. Journal of Accounting and Economics, 52(1), 21–40. doi:10.1016/j.jacceco.2011.03.002
  • Durand, G. (2019). The determinants of audit report lag: A meta-analysis. Managerial Auditing Journal, 34(1), 44–75. doi: 10.1108/MAJ-06-2017-1572
  • Eshleman, J. D. and Guo, P. (2014). Do Big 4 auditors provide higher audit quality after controlling for the endogenous choice of auditor?. Auditing: A Journal of Practice & Theory, 33 (4), 197–219. doi:10.2308/ajpt-50792
  • Fujianti, L. and Satria, I. (2020). Firm size, profitability, leverage as determinants of audit report lag: evidence from Indonesia. International Journal of Financial Research, 11(2), 61-67. doi:10.5430/ijfr.v11n2p61
  • Habib, A., Bhuiyan, M.B.U., Huang, H.J., and Miah, M.S. (2019). Determinants of audit report lag: A meta-analysis. International Journal of Auditing, 23(1), 20-44. doi: 10.1111/ijau.12136
  • Hardies, K. Breesch, D., and Branson J. (2016). Do (fe)male auditors impair audit quality? evidence from going-concern opinions. European Accounting Review, 25(1), 7-34. doi:10.1080/09638180.2014.921445
  • Ianniello, G. and Galloppo, G. (2015). Stock market reaction to auditor opinions – Italian evidence. Managerial Auditing Journal, 30(6/7), 610-632. doi:10.1108/MAJ-06-2014-1045
  • Ittonen, K. (2012). Market reactions to qualified audit reports: research approaches. Accounting Research Journal, 25(1), 8-24. Doi:10.1108/10309611211244483
  • Ittonen, K., Vähämaa, E., and Vähämaa, S. (2013). Female audit partners and accruals quality. Accounting Horizons, 27(2), 205–228. doi:10.2308/acch-50400
  • Kawamoto, C. T., Dantas, J. A., and Antiqueira, J. R. M. (2021). The relationship between the introduction of key audit matters and the audit delay in Brazil. Revista Contemporânea de Contabilidade, 18(49), s.92-110. doi:10.5007/2175-8069.2021.e78378
  • Kend, M. and Nguyen, L.A. (2020). Investigating recent audit reform in the Australian context: an analysis of the KAM disclosures in audit reports 2017-2018. International Journal of Auditing, 24(3), 412-430. doi:10.1111/ijau.12205
  • Knechel, W. R. and Payne, J.L. (2001). Additional evidence on audit report lag. Auditing: A Journal of Practice & Theory, 20(1), 137–146. doi:10.2308/ aud.2001.20.1.137
  • Krishnan, J. and Yang, J.S. (2009). Recent trends in audit report and earnings announcement lags. Accounting Horizons, 23(3), 265-288. doi: 10.2308/acch.2009.23.3.265
  • Laitinen, E.K. and Laitinen, T. (1998). Qualified audit reports in Finland: evidence from large companies, European Accounting Review, 7(4), 639-653. doi: 10.1080/096381898336231
  • Lee, H. S., Nagy, A. L., and Zimmerman, A. B. (2019). Audit partner assignments and audit quality in the United States. The Accounting Review, 94(2), 297–323. doi: 10.2308/accr-52218
  • Leventis, S., Weetman, P., and Caramanis, C. (2005). Determinants of audit report lag: Some evidence from the Athens Stock Exchange. International Journal of Auditing, 9(1), 45–58. doi:10.1111/j.1099-1123.2005.00101.x
  • Li, H. (2017). The benefit of adding key audit matters to the auditing report. Proceedings of the 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017). 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017), Singapore. 21-24. doi:10.2991/icemse-17.2017.6
  • Li, H. (2020). A study of key audit matters disclosure. Modern Economy, 11(02), 399–406. doi: 10.4236/me.2020.112030
  • Manson, S. and Zaman, M. (2001). Auditor communication in an evolving environment: going beyond SAS 600 auditors’ reports on financial statements. British Accounting Review, 33, 113–136. doi:10.1006/bare.2001.0157
  • Olojede, P., Erin, O., Asiriuwa, O., and Usman, M. (2020). Audit expectation gap: an empirical analysis. Future Business Journal, 6(10). doi:10.1186/s43093-020-00016-x
  • Pinto, I. and Morais, A.I. (2019). What matters in disclosures of key audit matters: evidence from Europe. Journal of International Financial Management and Accounting, 30(2), 145-162. doi:10.1111/jifm.12095
  • Prasad, P. and Chand, P. (2017). The changing face of the auditor’s report: implications for suppliers and users of financial statements. Australian Accounting Review, 27(4), 348-367. doi:10.1111/auar.12137
  • Rautiainen, A., Saastamoinen, J., and Pajunen, K. (2021). Do key audit matters (KAMs) matter? Auditors’ perceptions of KAMs and audit quality in Finland. Managerial Auditing Journal, 36(3), 386-404. doi: 10.1108/MAJ-11-2019-2462
  • Reid, L. C., Carcello, J. V., Li, C., and Neal, T. L. (2019). Impact of auditor report changes on financial reporting quality and audit costs: evidence from the United Kingdom. Contemporary Accounting Research, 36(3), 1501-1539. doi:10.1111/1911-3846.12486
  • Schelluch, P. and Gay, G. (2006). Assurance provided by auditors’ reports on prospective financial information: implications for the expectation gap. Accounting and Finance, 46(4), 653–676. doi:10.1111/j.1467-629x.2006.00187.x
  • Sirois, L., Bédard, J., and Bera, P. (2018). The informational value of key audit matters in the auditor's report: evidence from an eye‐tracking study. Accounting Horizons, 32(2), 141–162. doi: 10.2308/acch-52047
  • Suadiye, G. (2019). Determinants of the timeliness of financial reporting: Empirical evidence from Turkey. Hacettepe University Journal of Economics and Administrative Sciences, 37(2), 365-386. doi:10.17065/huniibf.399838
  • Sultana, N., Singh, H., and Van der Zahn, J.-L.W.M. (2015). Audit committee characteristics and audit report lag. International Journal of Auditing, 19(2), 72-87. doi:10.1111/ijau.12033
  • Suttipun, M. (2020). KAM reporting and common share price of listed companies in the market of alternative investment from Thailand. Academy of Accounting and Financial Studies Journal, 24(3), 1-10. Retrieved from: https://www.abacademies.org/articles/KAM-Reporting-and-Common-Share-Price-of-Listed-Companies-1528-2635-24-3-556.pdf
  • Türel, A. (2010). Timeliness of financial reporting in emerging capital markets: evidence from Turkey. Journal of the School of Business Administration, 39(2), 227-240. Retrieved from: https://dergipark.org.tr/en/pub/iuisletme/issue/9248/115702
  • Turner, J. L., Mock, T. J., Coram, P. J and Gray, G. L. (2010). Improving transparency and relevance of auditor communications with financial statement users. Current Issues in Auditing, 4(1), 1–8. doi:10.2308/ciia.2010.4.1.A1.
  • Vanstraelen, A., Schelleman, C., Meuwissen, R., and Hofmann, I. (2012). The Audit reporting debate: seemingly intractable problems and feasible solutions. European Accounting Review, 21(2), 193-215. doi:10.1080/09638180.2012.687506
  • Velte, P. (2018). Does gender diversity in the audit committee influence key audit matters’ readability in the audit report? UK evidence. Corporate Social Responsibility and Environmental Management, 25(5), 748-755. doi: 10.1002/csr.1491
  • Velte, P. (2020). Associations between the financial and industry expertise of audit committee members and key audit matters within related audit reports. Journal of Applied Accounting Research, 21(1), 185-200. doi: 10.1108/JAAR-10-2018-0163
  • Weirich, T.W. and Reinstein, A. (2014). The PCAOB's proposed new audit report, CPA Journal, 84(4), 24-29. Retrieved from: https://www.nysscpa.org/news/publications/the-cpa-journal/article-preview?ArticleID=11479#sthash.IgQNAFpa.dpbs
There are 48 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Turgay Sakın 0000-0001-6953-3516

Sultan Kuzu Yıldırım 0000-0001-6577-1584

Publication Date December 31, 2022
Submission Date August 29, 2022
Published in Issue Year 2022 Volume: 15 Issue: 2

Cite

APA Sakın, T., & Kuzu Yıldırım, S. (2022). The effect of key audit matters on audit report lag and determinants of the audit report lag: Turkish evidence. Hitit Sosyal Bilimler Dergisi, 15(2), 549-566. https://doi.org/10.17218/hititsbd.1168160
Hitit Journal of Social Sciences is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY NC).