Araştırma Makalesi
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KİLİT DENETİM KONULARININ AÇIKLANMASINI HANGİ FAKTÖRLER ETKİLER? İMALAT FİRMALARINDAN KANITLAR

Yıl 2021, , 149 - 161, 31.03.2021
https://doi.org/10.17130/ijmeb.796444

Öz

Bu çalışma, 2019 yılında Borsa İstanbul'da işlem gören imalatçı firmaların denetim raporlarında yer alan kilit denetim konularını etkileyen faktörleri incelemeyi amaçlamaktadır. Borsa İstanbul'da işlem gören 164 imalatçı firmanın denetlenmiş mali tablolarından toplanmış olan verilerin analizi için Poisson regresyon modeli kullanılmıştır. Regresyon analizinin sonuçları, 4 büyük denetim şirketi arasında yer almayan denetim şirketlerinin daha fazla kilit denetim konusunu açıkladığını ve firma karmaşıklığının kilit denetim konularının sayısını önemli ölçüde arttırdığını göstermektedir. Kilit denetim konularının sayısı ile denetim görüşü arasında istatistiksel olarak anlamsız bir ilişki bulunmuştur. Bu çalışmanın, kilit denetim konularının farklı bir perspektifine önemli bulgular ekleyerek sınırlı literatüre katkıda bulunması beklenmektedir.

Kaynakça

  • Alzoubi, E. S. S. (2016). Audit quality and earnings management: Evidence from Jordan. Journal of Applied Accounting Research, 17(2), 170-189.
  • Andersen, P., & Skovgaard L.T. (2010). Regression with linear predictors. New York: Springer-Verlag.
  • Basioudis, I. G., Papakonstantinou, E., & Geiger, M. A. (2008). Audit fees, non‐audit fees and auditor going‐concern reporting decisions in the United Kingdom. Abacus, 44(3), 284-309.
  • Beasley, M. S., Carcello, J. V., & Hermanson, D. R. (1999). Fraudulent financial reporting: 1987-1997. An analysis of US public companies. New York: Committee of Sponsoring Organizations of the Treadway Commission (COSO).
  • Cameron, A. C., & Trivedi, P. K. (2013). Regression analysis of count data (Vol. 53). 2. Edition, New York: Cambridge University Press.
  • Chen, T. (2015). Institutions, board structure, and corporate performance: Evidence from Chinese firms. Journal of Corporate Finance, 32, 217-237.
  • Church, B. K., Davis, S. M., & McCracken, S. A. (2008). The auditor's reporting model: A literature overview and research synthesis. Accounting Horizons, 22(1), 69-90.
  • Dogan, B., & Arefaine, B. (2017). The implementation of ISA 701 – Key audit matters: Empirical evidence on auditors’ adjustments in the new audit report (Unpublished Master Dissertation). Uppsala University.
  • Eshleman, J. D., & Guo, P. (2014). Do Big 4 auditors provide higher audit quality after controlling for the endogenous choice of auditor?. Auditing: A Journal of Practice & Theory, 33(4), 197-219.
  • Fan, J. P., & Wong, T. J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia. Journal of Accounting Research, 43(1), 35-72.
  • Ferreira, C., & Morais, A. I. (2020). Analysis of the relationship between company characteristics and key audit matters disclosed. Revista Contabilidade & Finanças, 31(83), 262-274.
  • Gold, A., Heilmann, M., Pott, C., & Rematzki, J. (2020). Do key audit matters impact financial reporting behavior?. International Journal of Auditing, 24(2), 232–244.
  • Gujarati, D. N. (2003). Basic econometrics. 4. Edition, New York: McGraw-Hill.
  • Güvemli, O., & Özbirecikli, M. (2011). Türkiye'de bağımsız muhasebe denetiminin gelişim süreci: 1990-2011. Muhasebe ve Finans Tarihi Araştırmaları Dergisi, (1), 146-180.
  • Hair Jr., J.F., Black, W.C., Babin, B.J. & Anderson, R.E. (2009). Multivariate data analysis. 7. Edition, New Jersey: Pearson Prentice Hall.
  • Hudaib, M., & Cooke, T. E. (2005). The impact of managing director changes and financial distress on audit qualification and auditor switching. Journal of Business Finance & Accounting, 32(9‐10), 1703-1739.
  • Krishnan, G. V. (2003). Does Big 6 auditor industry expertise constrain earnings management?. Accounting Horizons, 17(1), 1-16.
  • Lee, K. W., & Yeo, G. H. H. (2016). The association between integrated reporting and firm valuation. Review of Quantitative Finance and Accounting, 47(4), 1221-1250.
  • Loebbecke, J. K., Eining, M. M., & Willingham, J. J. (1989). Auditors experience with material irregularities-frequency, nature, and detectability. Auditing-A Journal of Practice & Theory, 9(1), 1-28.
  • Maindonald, J., & Braun, J. (2006). Data analysis and graphics using R: An example-based approach. 2. Edition, Cambridge: Cambridge University Press.
  • Markarian, G., & Parbonetti, A. (2007). Firm complexity and board of director composition. Corporate governance: An International Review, 15(6), 1224-1243.
  • Pinto, I., & Morais, A. I. (2019). What matters in disclosures of key audit matters: Evidence from Europe. Journal of International Financial Management & Accounting, 30(2), 145-162.
  • Pratoomsuwan, T., & Yolrabil, O. (2020). Key audit matter and auditor liability: Evidence from auditor evaluators in Thailand. Journal of Applied Accounting Research, 21(2).
  • Reid, L. C., Carcello, J. V., Li, C., Neal, T. L., & Francis, J. R. (2019). Impact of auditor report changes on financial reporting quality and audit costs: Evidence from the United Kingdom. Contemporary Accounting Research, 36(3), 1501-1539.
  • Reynolds, J. K., & Francis, J. R. (2000). Does size matter? The influence of large clients on office-level auditor reporting decisions. Journal of Accounting and Economics, 30(3), 375-400.
  • Segal, M. (2017). ISA 701: Key Audit Matters-An exploration of the rationale and possible unintended consequences in a South African. Journal of Economic and Financial Sciences, 10(2), 376-391.
  • Suttipun, M. (2020). Factors Influencing Key Audit Matters Reporting in Thailand. Asian Journal of Accounting Perspectives, 13(1), 26-39.
  • Velte, P. (2018). Does gender diversity in the audit committee influence key audit matters' readability in the audit report? UK evidence. Corporate Social Responsibility and Environmental Management, 25(5), 748-755.
  • X. Yan & X. G. Su. (2009). Linear regression analysis: Theory and computing. Singapore: World Scientific Publishing.

WHAT FACTORS AFFECT THE DISCLOSURE OF KEY AUDIT MATTERS? EVIDENCE FROM MANUFACTURING FIRMS

Yıl 2021, , 149 - 161, 31.03.2021
https://doi.org/10.17130/ijmeb.796444

Öz

This paper aims to investigate the factors affecting key audit matters disclosed by manufacturing firms listed on Borsa Istanbul for the accounting period of 2019. Data are collected from the audited financial statements of 164 manufacturing firms listed on Borsa Istanbul and Poisson regression analysis is applied to the empirical model. The results of regression analysis indicate that non-Big 4 auditors disclose more key audit matters and firm complexity considerably increases the number of key audit matters. A statistically insignificant relationship between the disclosure of key audit matters and audit opinion was found. This paper is expected to contribute to the limited literature by adding important findings on another perspective of key audit matters.

Kaynakça

  • Alzoubi, E. S. S. (2016). Audit quality and earnings management: Evidence from Jordan. Journal of Applied Accounting Research, 17(2), 170-189.
  • Andersen, P., & Skovgaard L.T. (2010). Regression with linear predictors. New York: Springer-Verlag.
  • Basioudis, I. G., Papakonstantinou, E., & Geiger, M. A. (2008). Audit fees, non‐audit fees and auditor going‐concern reporting decisions in the United Kingdom. Abacus, 44(3), 284-309.
  • Beasley, M. S., Carcello, J. V., & Hermanson, D. R. (1999). Fraudulent financial reporting: 1987-1997. An analysis of US public companies. New York: Committee of Sponsoring Organizations of the Treadway Commission (COSO).
  • Cameron, A. C., & Trivedi, P. K. (2013). Regression analysis of count data (Vol. 53). 2. Edition, New York: Cambridge University Press.
  • Chen, T. (2015). Institutions, board structure, and corporate performance: Evidence from Chinese firms. Journal of Corporate Finance, 32, 217-237.
  • Church, B. K., Davis, S. M., & McCracken, S. A. (2008). The auditor's reporting model: A literature overview and research synthesis. Accounting Horizons, 22(1), 69-90.
  • Dogan, B., & Arefaine, B. (2017). The implementation of ISA 701 – Key audit matters: Empirical evidence on auditors’ adjustments in the new audit report (Unpublished Master Dissertation). Uppsala University.
  • Eshleman, J. D., & Guo, P. (2014). Do Big 4 auditors provide higher audit quality after controlling for the endogenous choice of auditor?. Auditing: A Journal of Practice & Theory, 33(4), 197-219.
  • Fan, J. P., & Wong, T. J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia. Journal of Accounting Research, 43(1), 35-72.
  • Ferreira, C., & Morais, A. I. (2020). Analysis of the relationship between company characteristics and key audit matters disclosed. Revista Contabilidade & Finanças, 31(83), 262-274.
  • Gold, A., Heilmann, M., Pott, C., & Rematzki, J. (2020). Do key audit matters impact financial reporting behavior?. International Journal of Auditing, 24(2), 232–244.
  • Gujarati, D. N. (2003). Basic econometrics. 4. Edition, New York: McGraw-Hill.
  • Güvemli, O., & Özbirecikli, M. (2011). Türkiye'de bağımsız muhasebe denetiminin gelişim süreci: 1990-2011. Muhasebe ve Finans Tarihi Araştırmaları Dergisi, (1), 146-180.
  • Hair Jr., J.F., Black, W.C., Babin, B.J. & Anderson, R.E. (2009). Multivariate data analysis. 7. Edition, New Jersey: Pearson Prentice Hall.
  • Hudaib, M., & Cooke, T. E. (2005). The impact of managing director changes and financial distress on audit qualification and auditor switching. Journal of Business Finance & Accounting, 32(9‐10), 1703-1739.
  • Krishnan, G. V. (2003). Does Big 6 auditor industry expertise constrain earnings management?. Accounting Horizons, 17(1), 1-16.
  • Lee, K. W., & Yeo, G. H. H. (2016). The association between integrated reporting and firm valuation. Review of Quantitative Finance and Accounting, 47(4), 1221-1250.
  • Loebbecke, J. K., Eining, M. M., & Willingham, J. J. (1989). Auditors experience with material irregularities-frequency, nature, and detectability. Auditing-A Journal of Practice & Theory, 9(1), 1-28.
  • Maindonald, J., & Braun, J. (2006). Data analysis and graphics using R: An example-based approach. 2. Edition, Cambridge: Cambridge University Press.
  • Markarian, G., & Parbonetti, A. (2007). Firm complexity and board of director composition. Corporate governance: An International Review, 15(6), 1224-1243.
  • Pinto, I., & Morais, A. I. (2019). What matters in disclosures of key audit matters: Evidence from Europe. Journal of International Financial Management & Accounting, 30(2), 145-162.
  • Pratoomsuwan, T., & Yolrabil, O. (2020). Key audit matter and auditor liability: Evidence from auditor evaluators in Thailand. Journal of Applied Accounting Research, 21(2).
  • Reid, L. C., Carcello, J. V., Li, C., Neal, T. L., & Francis, J. R. (2019). Impact of auditor report changes on financial reporting quality and audit costs: Evidence from the United Kingdom. Contemporary Accounting Research, 36(3), 1501-1539.
  • Reynolds, J. K., & Francis, J. R. (2000). Does size matter? The influence of large clients on office-level auditor reporting decisions. Journal of Accounting and Economics, 30(3), 375-400.
  • Segal, M. (2017). ISA 701: Key Audit Matters-An exploration of the rationale and possible unintended consequences in a South African. Journal of Economic and Financial Sciences, 10(2), 376-391.
  • Suttipun, M. (2020). Factors Influencing Key Audit Matters Reporting in Thailand. Asian Journal of Accounting Perspectives, 13(1), 26-39.
  • Velte, P. (2018). Does gender diversity in the audit committee influence key audit matters' readability in the audit report? UK evidence. Corporate Social Responsibility and Environmental Management, 25(5), 748-755.
  • X. Yan & X. G. Su. (2009). Linear regression analysis: Theory and computing. Singapore: World Scientific Publishing.
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm Araştırma Makaleleri
Yazarlar

Ahmet Özcan 0000-0002-9021-6096

Yayımlanma Tarihi 31 Mart 2021
Gönderilme Tarihi 17 Eylül 2020
Kabul Tarihi 27 Kasım 2020
Yayımlandığı Sayı Yıl 2021

Kaynak Göster

APA Özcan, A. (2021). WHAT FACTORS AFFECT THE DISCLOSURE OF KEY AUDIT MATTERS? EVIDENCE FROM MANUFACTURING FIRMS. Uluslararası Yönetim İktisat Ve İşletme Dergisi, 17(1), 149-161. https://doi.org/10.17130/ijmeb.796444