| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 106 === The object of this study is to investigate the relationship between key audit matters (KAMs) and audit fee on the listed companies adopted new audit report. Using Taiwan data of the year 2016, this study aims to examine the effects of disclosure KAMs, including why and how to identify KAMs and audit procedures, on the audit fee. The empirical result finds that the firm discloses more detailed KAMs information has higher audit fee.
There are positively associated between KAMs and audit fee. Further, examining two major contents of KAMs – reasons for KAMs and the audit procedures for KAMs, these results find still positively relationship between reasons of KAMs sections (or audit procedures of KAMs) and audit fee. The results of this study also show that Big4 devote more resources to audit KAMs than Non-Big4. Overall, the company with more material misstatement risk will induce auditors devote more efforts to perform audit procedures and explain more activities of KAMs in the audit report.
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