What Does the Auditor Say? Auditors’ Disclosures of Critical Audit Matters and Audit Fees

IF 2.2 4区管理学 Q2 BUSINESS, FINANCE

Accounting Horizons Pub Date : 2023-11-01 DOI:10.2308/horizons-2022-125

Jeff Zeyun Chen, Karen K. Nelson, Yanyan Wang, Lisheng Yu

引用次数: 0

Abstract

We examine whether critical audit matter (CAM) disclosures contain information about material misstatement risks that is priced in audit fees. We find that textual features of auditors’ risk descriptions and the types of risks identified capture fee-relevant information. Further, the results are incremental to other determinants of audit fees considered in prior research and to managements’ disclosures in the related notes to the financial statements. Overall, we provide evidence that auditors’ perceptions of audit risks revealed in the newly expanded audit opinion capture information relevant for understanding audit pricing decisions. Data Availability: All data are publicly available from the sources identified in the paper. JEL Classifications: M41; M42; M48.

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审计师怎么说？审计师对关键审计事项和审计费用的披露

我们研究了关键审计事项（CAM）披露是否包含审计费用定价的重大错报风险信息。我们发现，审计师风险描述的文本特征和确定的风险类型捕捉到了与费用相关的信息。此外，这些结果与之前研究中考虑的其他审计费用决定因素以及管理层在财务报表相关附注中披露的信息相辅相成。总之，我们提供的证据表明，审计师在新扩展的审计意见中揭示的审计风险认知捕捉到了与理解审计定价决策相关的信息。数据可用性：所有数据均可从本文确定的来源公开获取。 JEL 分类：M41; M42; M48.

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounting Horizons BUSINESS, FINANCE-

CiteScore

3.80

自引率

4.00%

发文量

期刊介绍： Accounting Horizons is one of three association-wide journals published by the American Accounting Association AAA. This journal seeks to bridge academic and professional audiences with articles that focus on accounting, broadly defined, and that provide insights pertinent to the accounting profession. The contents of Accounting Horizons, therefore, should interest researchers, educators, practitioners, regulators, and students of accounting.