The Association among Audit Fee, Key Audit Matters and Analysts'' Earnings Forecast

• Main Authors: Yun-Sheng Li, 李昀昇
• Other Authors: Hui-Shan Chang
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/j46eyv

碩士 === 中原大學 === 會計研究所 === 107 === The emergence of key audit matters (KAM) has made the preparation of audit report out of the previous standardization format and entered the era of customization. However, the addition of such provisions will also increase the workload and risk assessment of the auditors. The complexity of audit work and audit risk are important measures of audit fees. Therefore, this study explores whether the number of matters disclosed in the key audit matters paragraph and the types of issues are related to the audit fees, and further examines the effects of changes in the number of matters disclosed between 2016 and 2017 and the changes in the types of issues. In addition to accountants, financial analysts also possess professional competence to assess risks for financial forecast. Therefore, this study included financial analysts’ earnings forecasts as proxy of risk measurement in emperical models. In order to meet the needs of the new era, audit reports need to be more professional and detailed to satify the needs of investors. Therefore, this study incorporates auditors’ industry expertise into one of the factors of audit fee measurement. The empirical results show that the number of key audit matters, the types of issues and the changes in both are related to the measurement of audit fees, and analysts’ earnings forecasts and auditors’ industry expertise are also important factors.