Changes in the Reporting of Critical Audit Matters

IF 2.7 4区管理学 Q2 BUSINESS, FINANCE

International Journal of Auditing Pub Date : 2026-10-02 Epub Date: 2026-03-22 DOI:10.1111/ijau.70033

Kristyn Calabrese, Mary Durkin, Kate Suslava

引用次数: 0

Abstract

We examine how critical audit matter (CAM) disclosures changed over the first 4 years of their adoption in the United States. Controlling for client firm and auditor characteristics, we find a significant decline in both the number of disclosed CAMs and the length of CAM reports. Even as CAM disclosures become less extensive over time, they remain significantly associated with client firm size, complexity, profitability, liquidity and uncertainty. Lastly, although audit fees are positively associated with CAMs in the first year, this relationship reverses in subsequent years, particularly for large accelerated filers. Our findings offer evidence of sustained informativeness of CAMs and improved efficiencies for auditors and their clients.

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关键审计事项报告的变化

我们研究了关键审计事项（CAM）披露在美国采用后的前四年里是如何变化的。控制客户公司和审计师的特征，我们发现披露的CAM数量和CAM报告的长度都显着下降。即使随着时间的推移，CAM披露的范围变得不那么广泛，它们仍然与客户公司的规模、复杂性、盈利能力、流动性和不确定性密切相关。最后，尽管审计费用在第一年与CAMs呈正相关，但这种关系在随后的几年中会逆转，特别是对于大型加速文件。我们的研究结果证明了CAMs的持续信息性，并为审计师及其客户提高了效率。

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

International Journal of Auditing BUSINESS, FINANCE-

CiteScore

3.70

自引率

15.00%

发文量

期刊介绍： In addition to communicating the results of original auditing research, the International Journal of Auditing also aims to advance knowledge in auditing by publishing critiques, thought leadership papers and literature reviews on specific aspects of auditing. The journal seeks to publish articles that have international appeal either due to the topic transcending national frontiers or due to the clear potential for readers to apply the results or ideas in their local environments. While articles must be methodologically and theoretically sound, any research orientation is acceptable. This means that papers may have an analytical and statistical, behavioural, economic and financial (including agency), sociological, critical, or historical basis. The editors consider articles for publication which fit into one or more of the following subject categories: • Financial statement audits • Public sector/governmental auditing • Internal auditing • Audit education and methods of teaching auditing (including case studies) • Audit aspects of corporate governance, including audit committees • Audit quality • Audit fees and related issues • Environmental, social and sustainability audits • Audit related ethical issues • Audit regulation • Independence issues • Legal liability and other legal issues • Auditing history • New and emerging audit and assurance issues