| Summary: | 碩士 === 國立雲林科技大學 === 會計系 === 107 === In order to comply with international trends, increase the transparency and information value of the audit report, the Accounting Research and Development Foundation refers to ISA 701 and issued the Statements of Auditing Standards No.58 in 2015, requiring auditors to communicate Key Audit Matters (KAM) in their 2016 annual reports. The disclosure of KAMs relies on the professional judgment of the auditors and their communication with the corporate's governance unit. Since the company's audit committee served as the main governance unit that in charge the communication with auditors, this study explored the influence of the establishment of audit committee and audit committee quality on KAM disclosures.
The results reveals that the financial or accounting expertise of audit committee could reduce the deviation of KAM content. On the other hand, the elephantinea of audit committees will result in poor efficiency of the proceedings, which in turn lead to the description of KAM as a general operating phenomenon. Furhermore, the results of this study indicated that the more meetings audit committee hold, the more likely it is to urge auditors to acknowledge the contents of their audit report; and reducing the standardization of KAM terms and insufficient notes as a result.
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