Sadiye OKTAY, Serdar BOZKURT, Bertaç Şakir ŞAHIN

INVESTIGATION OF STUDIES IN THE FIELD OF KEY AUDIT MATTERS BY CONTENT ANALYSIS

Accounting and audit scandals around the world in the early 2000’s, have shaken the confidence in theaudit mechanism and the audit reports which constitute the final product of this mechanism. The form, the scopeof the audit reports and the value of the audit reports for shareholders are discussed intensively. As a result ofthese scandals that have a staggering effect on the world economy, both the national and international regulatory/supervisory authorities reviewed and revised the existing audit standards and issued new standards. IAASBwithin IFAC, Which has a pioneering role in this change and renewal process, started a project called “ new auditreporting” in 2011 by considering public’s necessities, demands and criticisms about audit reports and it alsoissued new standard called “ ISA 701: Communicating Key Audit Matters in the Independent Auditor’s Report”in 2015. Following this issue, the authorized organization of many countries and POA in our country issued theTSA 701 in 2017 in full compliance with ISA 701. In this study, the content analysis was conducted in order todetermine the direction of the studies performed in the field of key audit matters and to create awareness for thesubsequent studies. For this purpose, articles in Ebsco, Wiley, Jstor, and Google Scholar databases were examined.In the study, articles in related databases were evaluated with an author, journal name, year, research methodology,data collection tools and techniques, sample and related topics.

Keywords:

Key Audit Matters, KAM, ISA 701 Critical Audit Matters, Audit Reporting, Content Analysis.,

PDF

___

Backof, A., K. Bowlin, & Goodson B. (2014). The Inpact of Proposed Changes to the Content of the Audit Report on Jurors’ Assessments of Auditor Negligence. Working Paper, The University of Alabama and The University of Mississippi.
Bédard, J., Gonthier-Besacier, N. & Schatt A. (2015). Analysis of the Consequences of the Disclosure of Key Audit Matters in the Audit Report, Available at: http://www.hec.unil.ch/documents/seminars/dcc/1946.pdf Retrieved at October 15, 2018.
Biçer, A. and Erol, S . (2017). UDS 701 Kapsamında Denetimde Tespit Edilen Kilit Bulguların Finansal Bilgi Kullanıcılarına Sunulması. Öneri Dergisi, 12 (47), 71-84.
Brasel, K., Doxey, M., Grenier, J. H. & Reffett, A. (2016). Risk Disclosure Preceding Negative Outcomes: The Effects of Reporting Critical Audit Matters on Judgments of Auditor Liability. The Accouting Review, 91(5), 1345-1362.
Brown, T., Majors, T. & Peecher, M. (2015). The Influence of Evaluator Evidence, A Judgment Rule, And Critical Audit Matters on Assessments of Auditor Legal Liability. Working Paper. Illinois: University of Illinois at Urbana - Champaign.
Can, M. (2017). BDS 701 Kilit Denetim Konularının Bağımsız Denetçi Raporunda Bildirilmesi Standardı Uygulamasına İlişkin Denetçi Beklentilerinin Araştırılması. (Yayınlanmamış Yüksek Lisans Tezi), Ankara: Gazi Üniversitesi Sosyal Bilimler Enstitüsü.
Christensen, B. E., Glover, S. M. & Wolfe, C. J. (2014). Do Critical Audit Matter Paragraphs in The Audit Report Change Nonprofessional Investors‘ Decision To Invest? Auditing: A Journal of Practice & Theory, 33(4), 71–93.
Ciğer, A., Çopur Vardar, G. & Kınay, B. (2018). Borsa İstanbul’a Kayıtlı Şirketlerin Kilit Denetim Konularının İncelenmesi Üzerine Bir Araştırma. 5. Uluslararası Muhasebe ve Finans Araştırmaları Sempozyumu, İzmir, Türkiye, 2018.
Cordoş. G. and Fülöp, M. (2015). Understanding Audit Reporting Changes: Introducing of Key Audit Matters. Accounting and Management Information System, 14(1), 128-152
Djadvarpour, M. and Larsson, J. (2014). The Audit Report - How will The Auditor’s Application of ISA 701 Affect The Audit Expectation Gap ?(Unpublished Bachelor Thesis). Skövde: Högskolan i Skövde.
Doğan, A. (2018). Bağımsız Denetimde Yeni Bir Yaklaşım: Kilit Denetim Konuları, Muhasebe Bilim Dünyası Dergisi, 20(1), 65-89. Gimbar, C., Hansen, B., & Ozlanski, M. E. (2016). Early Evidence on the Effects of Critical Audit Matters on Auditor Liability. Current Issues In Auditing,10(1), A24–A33.
Gökgöz, A. (2018). Kilit Denetim Konularının Bağımsız Denetçi Raporunda Bildirilmesi ve Borsa İstanbul’da İşlem Gören İşletmeler Üzerine Bir Araştırma. Journal of Accounting, Finance and Auditing Studies, 4(2), 126-138.
Guthrie, J. and Abeysekera, I. (2006). Content Analysis of Social, Environmental Reporting: What Is New?, Journal of Human Resource Costing and Accounting, 10(2), 114-126.
Gutierrez, E., Minutti-Meza, M., Tatum K.W. & Vulcheva, M. (2015). Consequences Of Changing The Auditor‘s Report: Evidence from the U.K. Review of Accounting Studies, Forthcoming; University of Miami Business School Research Paper No. 18-1. Available at: https://ssrn.com/abstract=2741174. Retrieved at October 15, 2018.
Haggarty, L. (1996). What is content analysis?. Medical Teacher, 18(2), 99-101.
Kachelmeier, S.J., Schmidt, J.J. & Valentine, K. (2014). The Effect of Disclosing Critical Audit Matters in the Auditor’s Report on Perceived Auditor Responsibility for Misstatements. Working Paper. Texas: The University of Texas at Austin.
Kavut, F.L. and Güngör, N . (2018). Bağımsız Denetimde Kilit Denetim Konuları: BİST-100 Şirketlerinin 2017 Yılı Analizi. Muhasebe Enstitüsü Dergisi, 16(59), 59-70.
Köhler, A.G., Ratzinger- Sakel, N.V.S. & Theis, J.C. (2016). The Effect of Key Audit Matters on the Auditor‘s Report‘s Communicative Value: Experimental Evidence from Investment Professionals and Non-professional Investors. The 22nd Annual International Symposium on Audit Research 2016, June 16-17 , Singapore.
Lennox C. S., Schmidth, J. J. & Thompson, A. M. (2018). Is The Expanded Model Of Audit Reporting Informative To Investors? Evidence from UK. Available at : https://ssrn.com/abstract=2619785. Retrieved at December 1, 2018.
Long, C., Jones, K. L., Ling Lei, L., Michas, P., Pawlewicz, R. & Pevzner, M. B. (2013). Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the IAASB Proposal: Improving the Auditor‘s Report. Current Issues in Auditing, 7(1), C11-C20.
Sirois, L.P., Bédard, J. & Bera, P. (2018). The Informational Value of Key Audit Matters in the Auditor’s Report: Evidence from an Eye-Tracking Study. Accounting Horizons, 32(2), 141-162.
Yanık S. and Karataş, M. (2017). Denetim Raporlarının Geleceği: Yeni Düzenlemeler ve Ülke Uygulamaları, Muhasebe ve Finansman Dergisi, (73), 1-26.
Yıldırım, A. and Şimşek, H. (2006). Sosyal Bilimlerde Nitel Araştırma Yöntemleri. Ankara: Seçkin Yayıncılık.
http://www.iaasb.org
http://www.kgk.gov.tr