2016
DOI: 10.1057/s41310-016-0017-0
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Do IT matters matter? IT-related key audit matters in Dutch annual reports

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Cited by 16 publications
(11 citation statements)
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References 14 publications
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“…In order to improve user satisfaction with audit reports, the International Auditing Standards Board (IASB) set up new auditor reporting standards in 2015, in which CPAs have to communicate key audit matters (KAMs) after discovering major deficiencies in the audit risk assessment or verification process. The adoption of IT-related KAMs not only have improved the quality and efficiency of information available for investors or other financial statement users, but also have had positive effects on relevant disclosures and may help professionals interpret complex financial statements when there is information overload (Sneller et al, 2016;Sirois et al, 2018).…”
Section: Substantive Tests and Evaluationmentioning
confidence: 99%
“…In order to improve user satisfaction with audit reports, the International Auditing Standards Board (IASB) set up new auditor reporting standards in 2015, in which CPAs have to communicate key audit matters (KAMs) after discovering major deficiencies in the audit risk assessment or verification process. The adoption of IT-related KAMs not only have improved the quality and efficiency of information available for investors or other financial statement users, but also have had positive effects on relevant disclosures and may help professionals interpret complex financial statements when there is information overload (Sneller et al, 2016;Sirois et al, 2018).…”
Section: Substantive Tests and Evaluationmentioning
confidence: 99%
“…[7][8] on information not within the current scope of the financial statement audit (part E) (IAASB, May 2011, pp. [12][13][14][15][16][17][18][19][20][21][22][23][24]. Next to the structure of the report, use of technical language, and the location of the auditor's opinion, a significant fragment of upcoming change represents an auditor commentary on significant matters.…”
Section: The Recent Evolution Of Auditor Reportingmentioning
confidence: 99%
“…The annual disclosure of key audit matters (KAMs) by the independent auditor aims to provide users of the Independent Audit Report (IAR) with additional information about the audited firm and that auditor's work (Chu et al, 2018;Kostova, 2016;Segal, 2017;Sneller et al, 2016). That information seeks to communicate the auditor's perceptions regarding auditing questions that involve the most difficult, subjective, or complex judgements, and/or represent the greatest difficulty in obtaining appropriate and sufficient auditing evidence, and/or represent the greatest complexity for the auditor in forming an opinion about the financial statements (Christensen et al, 2014).…”
Section: Introductionmentioning
confidence: 99%
“…That information seeks to communicate the auditor's perceptions regarding auditing questions that involve the most difficult, subjective, or complex judgements, and/or represent the greatest difficulty in obtaining appropriate and sufficient auditing evidence, and/or represent the greatest complexity for the auditor in forming an opinion about the financial statements (Christensen et al, 2014). With this, the communication of the relevant matters in the auditor's professional judgement makes the audit report more informative for its users, providing knowledge on the areas where there is the risk of a relevant distortion in the financial statements of the audited firm (Cordoş & Fülöp, 2015;Köhler et al, 2020;Sneller et al, 2016).…”
Section: Introductionmentioning
confidence: 99%