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

Abstract

Accounting and audit scandals around the world in the early 2000’s, have shaken the confidence in the

audit mechanism and the audit reports which constitute the final product of this mechanism. The form, the scope

of the audit reports and the value of the audit reports for shareholders are discussed intensively. As a result of

these 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. IAASB

within IFAC, Which has a pioneering role in this change and renewal process, started a project called “ new audit

reporting” in 2011 by considering public’s necessities, demands and criticisms about audit reports and it also

issued 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 the

TSA 701 in 2017 in full compliance with ISA 701. In this study, the content analysis was conducted in order to

determine the direction of the studies performed in the field of key audit matters and to create awareness for the

subsequent 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.

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