The Effect of Disclosure of Key Audit in matters the Independent Auditor's Report on Audit Fees and the Delay in Issuing the Auditor's Report.

Articles in Press

Document Type : Original Article

Authors

1 PhD student of accounting department, Semnan branch, Islamic Azad University, Semnan, Iran

2 Assistant Professor, Department of Accounting, Semnan Branch, Islamic Azad University, Semnan, Iran

10.22034/jpar.2024.2011171.1219

Abstract

This research has been conducted with the aim of investigating the effect of the disclosure of key audit matters in the independent auditor's report on the audit fee and the delay in issuing the independent auditor's report. Adding the key audit matters section in the audit report in order to strengthen the auditor's relationship with the stakeholders through audit reports is considered one of the important regulations enacted in recent years, which is crystallized by the formulation of the 701 audit standard entitled "Reporting key audit matters in the independent auditor's report". has been This research is conducted with the statistical population consisting of 71 members of audit committees of listed and non-listed companies and through interviews and questionnaires to collect data and then using 22SPSS software, the effect of disclosing key audit matters on audit fees and delay in issuing the auditor's report. The results of this study showed that the inclusion of key audit matters in the auditor's reports constantly leads to a delay in the issuance of the audit report. It also provides evidence of the existence of a significant positive relationship between key audit matters and accounting costs. Our findings will help editors of laws and regulations and observers to better understand the consequences of modern accounting standards.

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Professional Auditing Research

Articles in Press, Accepted Manuscript
Available Online from 17 February 2024

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