How to cite this paper
Neiroukh, N & Caglar, D. (2024). The impact of key audit matter characteristics on financial statement understandability and investor decision-making: An empirical study.Decision Science Letters , 13(4), 909-920.
Refrences
Abdullatif, M., Alzebdieh, R., & Ballour, S. (2023). The effect of key audit matters on the audit report lag: Evidence from Jordan. Journal of Financial Reporting and Accounting, ahead-of-print(ahead-of-print). https://doi.org/10.1108/JFRA-07-2022-0245
Akerlof, G. A. (1970). The Market for "Lemons": Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, 84(3), 488-500.
Al’Ararah, K., Çağlar, D., & Aljuhmani, H. Y. (2024). Mitigating Job Burnout in Jordanian Public Healthcare: The Interplay between Ethical Leadership, Organizational Climate, and Role Overload. Behavioral Sciences, 14(6), Article 6. https://doi.org/10.3390/bs14060490
Al-Geitany, S., Aljuhmani, H. Y., Emeagwali, O. L., & Nasr, E. (2023). Consumer Behavior in the Post-COVID-19 Era: The Impact of Perceived Interactivity on Behavioral Intention in the Context of Virtual Conferences. Sustainability, 15(11), Article 11. https://doi.org/10.3390/su15118600
Alharasis, E. E., Alkhwaldi, A. F., & Hussainey, K. (2024). Key audit matters and auditing quality in the era of COVID-19 pandemic: The case of Jordan. International Journal of Law and Management, 66(4), 417–446. https://doi.org/10.1108/IJLMA-11-2023-0248
Aljuhmani, H. Y., Ababneh, B., Emeagwali, L., & Elrehail, H. (2024). Strategic stances and organizational performance: Are strategic performance measurement systems the missing link? Asia-Pacific Journal of Business Administration, 16(2), 282–306. https://doi.org/10.1108/APJBA-09-2021-0445
Aljuhmani, H. Y., Emeagwali, O. L., & Ababneh, B. (2021). The relationships between CEOs’ psychological attributes, top management team behavioral integration and firm performance. International Journal of Organization Theory & Behavior, 24(2), 126–145. https://doi.org/10.1108/IJOTB-06-2020-0089
Allee, K. D., Erickson, D., Esplin, A. M., & Yohn, T. L. (2024). Financial Analysts’ Preferences Regarding Income Statement Presentation (SSRN Scholarly Paper 4049941). https://doi.org/10.2139/ssrn.4049941
Alshdaifat, S., Abdul-Hamid, M., Saidin, S., & Ab Aziz, N. (2024). Insight of ISA 701: Key Audit Matter Disclosure in Extended Audit Report. International Journal of Academic Research in Business and Social Sciences, 14, 278–287. https://doi.org/10.6007/IJARBSS/v14-i2/20482
Anderson, J. C., & Gerbing, D. W. (1988). Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411–423. https://doi.org/10.1037/0033-2909.103.3.411
Awwad, R. I., Aljuhmani, H. Y., & Hamdan, S. (2022). Examining the Relationships Between Frontline Bank Employees’ Job Demands and Job Satisfaction: A Mediated Moderation Model. SAGE Open, 12(1), 215824402210798. https://doi.org/10.1177/21582440221079880
Baatwah, S. R., Almoataz, E. S., Omer, W. K., & Aljaaidi, K. S. (2022). Does KAM disclosure make a difference in emerging markets? An investigation into audit fees and report lag. International Journal of Emerging Markets, 19(3), 798–821. https://doi.org/10.1108/IJOEM-10-2021-1606
Ball, R., Jayaraman, S., & Shivakumar, L. (2012). Audited financial reporting and voluntary disclosure as complements: A test of the Confirmation Hypothesis. Journal of Accounting and Economics, 53(1), 136–166. https://doi.org/10.1016/j.jacceco.2011.11.005
Barber, B. M., & Odean, T. (2001). The Internet and the Investor. Journal of Economic Perspectives, 15(1), 41–54. https://doi.org/10.1257/jep.15.1.41
Barclay, D., Higgins, C., & Thompson, R. (1995). The partial least squares (PLS) approach to casual modeling: Personal computer adoption ans use as an Illustration. Technology Studies, 2(2), 285–309.
Beattie, V., McInnes, B., & Fearnley, S. (2004). A methodology for analysing and evaluating narratives in annual reports: A comprehensive descriptive profile and metrics for disclosure quality attributes. Accounting Forum, 28(3), 205–236. https://doi.org/10.1016/j.accfor.2004.07.001
Bepari, M. K., Nahar, S., Mollik, A. T., & Azim, M. I. (2023). Content characteristics of key audit matters reported by auditors in Bangladesh and their implications for audit quality. Journal of Accounting in Emerging Economies, 14(4), 855–885. https://doi.org/10.1108/JAEE-12-2022-0344
Blessing, A., & Onoja, E. E. (2015). The role of financial statements on investment decision making: A case of united bank for Africa PLC (2004-2013). European Journal of Business, Economics and Accountancy, 3(2), 12–37.
Camacho-Miñano, M.-M., Muñoz-Izquierdo, N., Pincus, M., & Wellmeyer, P. (2024). Are key audit matter disclosures useful in assessing the financial distress level of a client firm? The British Accounting Review, 56(2), 101200. https://doi.org/10.1016/j.bar.2023.101200
Chang, Y.-T., Chi, W., & Stone, D. N. (2024). Is Client-Specific Information Useful to Investors? Evidence From Key Audit Matter Reports. Journal of Accounting, Auditing & Finance, 39(3), 786–806. https://doi.org/10.1177/0148558X221091804
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. https://doi.org/10.2308/ajpt-50793
DeFond, M., & Zhang, J. (2014). A review of archival auditing research. Journal of Accounting and Economics, 58(2), 275–326. https://doi.org/10.1016/j.jacceco.2014.09.002
Dos’Santos, T., McBurnie, A., Donelon, T., Thomas, C., Comfort, P., & Jones, P. A. (2019). A qualitative screening tool to identify athletes with ‘high-risk’ movement mechanics during cutting: The cutting movement assessment score (CMAS). Physical Therapy in Sport, 38, 152–161. https://doi.org/10.1016/j.ptsp.2019.05.004
Ebirim, G. U., Unigwe, I. F., Oshioste, E. E., Ndubuisi, N. L., Odonkor, B., Asuzu, O. F., Ebirim, G. U., Unigwe, I. F., Oshioste, E. E., Ndubuisi, N. L., Odonkor, B., & Asuzu, O. F. (2024). Innovations in accounting and auditing: A comprehensive review of current trends and their impact on U.S. businesses. International Journal of Science and Research Archive, 11(1), Article 1. https://doi.org/10.30574/ijsra.2024.11.1.0134
Fornell, C., & Larcker, D. F. (1981). Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research, 18(1), 39–50. https://doi.org/10.1177/002224378101800104
Francis, J. R. (2011). Auditing without borders. Accounting, Organizations and Society, 36(4), 318–323. https://doi.org/10.1016/j.aos.2011.07.003
Fuadah, H., & Setiyawati, H. (2020). The Effect of the Implementation of Transparency and Accounting Information Systems on the Quality of Financial Reports. IJO-International Journal of Business …, 3(11), 1–12.
Gambetta, N., Sierra-García, L., García-Benau, M. A., & Novejarque-Civera, J. (2023). The Informative Value of Key Audit Matters in the Audit Report: Understanding the Impact of the Audit Firm and KAM Type. Australian Accounting Review, 33(2), 114–134. https://doi.org/10.1111/auar.12396
Godi, J. (2024). Analysis of Risk Factors for Investors in Emerging Markets. Journal of Risk Analysis and Crisis Response, 14(2), Article 2. https://doi.org/10.54560/jracr.v14i2.469
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. https://doi.org/10.1111/ijau.12190
Guo, M., Su, Y., & Zhao, R. (2024). The effect of expanded audit report on IPO underpricing: Evidence from China. Emerging Markets Review, 58, 101092. https://doi.org/10.1016/j.ememar.2023.101092
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2009). Multivariate Data Analysis (7th edition). Pearson.
Hair, J. F., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2017). A primer on partial least squares structural equations modeling (PLS-SEM) (2nd ed.). SAGE.
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203
Hayes, A. F. (2009). Beyond Baron and Kenny: Statistical Mediation Analysis in the New Millennium. Communication Monographs, 76(4), 408–420. https://doi.org/10.1080/03637750903310360
Hayes, A. F. (2013). Introduction to Mediation, Moderation, and Conditional Process Analysis: A Regression-Based Approach (1st ed.). Guilford Press.
Hegazy, M. A. A., & Kamareldawla, N. M. (2021). Key audit matters: Did IAASB unravel the knots of confusion in audit reports decisions? Managerial Auditing Journal, 36(8), 1025–1052. https://doi.org/10.1108/MAJ-11-2019-2464
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115–135. https://doi.org/10.1007/s11747-014-0403-8
IAASB | IAASB. (2024, April 11). https://www.iaasb.org/
Ismail, H., Abdullah Atqa, A., & Hassan, H. (2018). First Time Reporting of Key Audit Matters (KAM) by Malaysian Auditors. International Journal of Engineering & Technology, 7(3.30), 30. https://doi.org/10.14419/ijet.v7i3.30.18149
Jones, J., & Scott, S. (2022). Communicating Key Audit Matters: A Post Implementation Review. https://hdl.handle.net/10214/27277
Kitiwong, W., & Sarapaivanich, N. (2020). Consequences of the implementation of expanded audit reports with key audit matters (KAMs) on audit quality. Managerial Auditing Journal, 35(8), 1095–1119. https://doi.org/10.1108/MAJ-09-2019-2410
Klueber, J., Gold, A., & Pott, C. (2018). Do Key Audit Matters Impact Financial Reporting Behavior? (SSRN Scholarly Paper 3210475). https://doi.org/10.2139/ssrn.3210475
Knechel, W. R., Krishnan, G. V., Pevzner, M., Shefchik, L. B., & Velury, U. K. (2013). Audit Quality: Insights from the Academic Literature. AUDITING: A Journal of Practice & Theory, 32(Supplement 1), 385–421. https://doi.org/10.2308/ajpt-50350
Lawrence, A., Minutti-Meza, M., & Zhang, P. (2011). Can Big 4 versus Non-Big 4 Differences in Audit-Quality Proxies Be Attributed to Client Characteristics? The Accounting Review, 86(1), 259–286. https://doi.org/10.2308/accr.00000009
Lennox, C. S., Schmidt, J. J., & Thompson, A. M. (2023). Why are expanded audit reports not informative to investors? Evidence from the United Kingdom. Review of Accounting Studies, 28(2), 497–532. https://doi.org/10.1007/s11142-021-09650-4
Lennox, C. S., & Wu, X. (2018). A Review of the Archival Literature on Audit Partners. Accounting Horizons, 32(2), 1–35. https://doi.org/10.2308/acch-51942
Lo, A. W., & Repin, D. V. (2002). The Psychophysiology of Real-Time Financial Risk Processing. Journal of Cognitive Neuroscience, 14(3), 323–339. https://doi.org/10.1162/089892902317361877
Miller, B. P. (2010). The Effects of Reporting Complexity on Small and Large Investor Trading. The Accounting Review, 85(6), 2107–2143. https://doi.org/10.2308/accr.00000001
Moroney, R., Phang, S. Y., & Xiao, X. (2021). When Do Investors Value Key Audit Matters? European Accounting Review, 30(1), 63–82. https://doi.org/10.1080/09638180.2020.1733040
Neiroukh, S., Emeagwali, O. L., & Aljuhmani, H. Y. (2024). Artificial intelligence capability and organizational performance: Unraveling the mediating mechanisms of decision-making processes. Management Decision, ahead-of-print(ahead-of-print). https://doi.org/10.1108/MD-10-2023-1946
Nunnally, J. C., & Bernstein, I. H. (1994). Psychometric theory (3rd ed.). New York: McGraw-Hill.
Ong, S. Y., Moroney, R., & Xiao, X. (2022a). How do key audit matter characteristics combine to impact financial statement understandability? Accounting and Finance, 62(1), 805–835. https://doi.org/10.1111/acfi.12811
Ong, S. Y., Moroney, R., & Xiao, X. (2022b). How do key audit matter characteristics combine to impact financial statement understandability? Accounting & Finance, 62(1), 805–835. https://doi.org/10.1111/acfi.12811
Preacher, K. J., & Hayes, A. F. (2004). SPSS and SAS procedures for estimating indirect effects in simple mediation models. Behavior Research Methods, Instruments, & Computers, 36(4), 717–731. https://doi.org/10.3758/BF03206553
Preacher, K. J., & Hayes, A. F. (2008). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models. Behavior Research Methods, 40(3), 879–891. https://doi.org/10.3758/BRM.40.3.879
Rajgopal, S., Srinivasan, S., & Zheng, X. (2021). Measuring audit quality. Review of Accounting Studies, 26(2), 559–619. https://doi.org/10.1007/s11142-020-09570-9
Rathnayake Mudiyanselage, S. B. (2020). Measuring financial reporting quality: An approach based on qualitative characteristics. https://ir.canterbury.ac.nz/bitstream/handle/10092/101683/Rathnayake%20Mudiyanselage,%20Saman%20Bandara_Final%20PhD%20Thesis.pdf?sequence=3
Rautiainen, A., Saastamoinen, J., & Pajunen, K. (2021). Do key audit matters (KAMs) matter? Auditors’ perceptions of KAMs and audit quality in Finland. Managerial Auditing Journal, 36(3), 386–404. https://doi.org/10.1108/MAJ-11-2019-2462
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. https://doi.org/10.1111/1911-3846.12486
Ringle, C. M., & Sarstedt, M. (2016). Gain more insight from your PLS-SEM results: The importance-performance map analysis. Industrial Management & Data Systems, 116(9), 1865–1886. https://doi.org/10.1108/IMDS-10-2015-0449
Ringle, C. M., Wende, S., & Becker, J.-M. (2022). SmartPLS 4. Oststeinbek: SmartPLS GmbH [Computer software]. https://www.smartpls.com/
Salehi, A. K. (2022). Critical review of the role of accounting in the decision-making process. Journal of Islamic Accounting and Business Research, 15(2), 244–264. https://doi.org/10.1108/JIABR-12-2021-0310
Smith, M., & Taffler, R. J. (2000). The chairman’s statement ‐ A content analysis of discretionary narrative disclosures. Accounting, Auditing & Accountability Journal, 13(5), 624–647. https://doi.org/10.1108/09513570010353738
Sullivan, G. M., & Feinn, R. (2012). Using Effect Size—Or Why the P Value Is Not Enough. Journal of Graduate Medical Education, 4(3), 279–282. https://doi.org/10.4300/JGME-D-12-00156.1
Suttipun, M. (2021). Impact of key audit matters (KAMs) reporting on audit quality: Evidence from Thailand. Journal of Applied Accounting Research, 22(5), 869–882. https://doi.org/10.1108/JAAR-10-2020-0210
Thaler, R. (1985). Mental Accounting and Consumer Choice. Marketing Science, 4(3), 199–214. https://doi.org/10.1287/mksc.4.3.199
Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5(4), 297–323. https://doi.org/10.1007/BF00122574
Velte, P. (2023). The impact of external auditors on firms’ financial restatements: A review of archival studies and implications for future research. Management Review Quarterly, 73(3), 959–985. https://doi.org/10.1007/s11301-022-00264-x
Akerlof, G. A. (1970). The Market for "Lemons": Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, 84(3), 488-500.
Al’Ararah, K., Çağlar, D., & Aljuhmani, H. Y. (2024). Mitigating Job Burnout in Jordanian Public Healthcare: The Interplay between Ethical Leadership, Organizational Climate, and Role Overload. Behavioral Sciences, 14(6), Article 6. https://doi.org/10.3390/bs14060490
Al-Geitany, S., Aljuhmani, H. Y., Emeagwali, O. L., & Nasr, E. (2023). Consumer Behavior in the Post-COVID-19 Era: The Impact of Perceived Interactivity on Behavioral Intention in the Context of Virtual Conferences. Sustainability, 15(11), Article 11. https://doi.org/10.3390/su15118600
Alharasis, E. E., Alkhwaldi, A. F., & Hussainey, K. (2024). Key audit matters and auditing quality in the era of COVID-19 pandemic: The case of Jordan. International Journal of Law and Management, 66(4), 417–446. https://doi.org/10.1108/IJLMA-11-2023-0248
Aljuhmani, H. Y., Ababneh, B., Emeagwali, L., & Elrehail, H. (2024). Strategic stances and organizational performance: Are strategic performance measurement systems the missing link? Asia-Pacific Journal of Business Administration, 16(2), 282–306. https://doi.org/10.1108/APJBA-09-2021-0445
Aljuhmani, H. Y., Emeagwali, O. L., & Ababneh, B. (2021). The relationships between CEOs’ psychological attributes, top management team behavioral integration and firm performance. International Journal of Organization Theory & Behavior, 24(2), 126–145. https://doi.org/10.1108/IJOTB-06-2020-0089
Allee, K. D., Erickson, D., Esplin, A. M., & Yohn, T. L. (2024). Financial Analysts’ Preferences Regarding Income Statement Presentation (SSRN Scholarly Paper 4049941). https://doi.org/10.2139/ssrn.4049941
Alshdaifat, S., Abdul-Hamid, M., Saidin, S., & Ab Aziz, N. (2024). Insight of ISA 701: Key Audit Matter Disclosure in Extended Audit Report. International Journal of Academic Research in Business and Social Sciences, 14, 278–287. https://doi.org/10.6007/IJARBSS/v14-i2/20482
Anderson, J. C., & Gerbing, D. W. (1988). Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411–423. https://doi.org/10.1037/0033-2909.103.3.411
Awwad, R. I., Aljuhmani, H. Y., & Hamdan, S. (2022). Examining the Relationships Between Frontline Bank Employees’ Job Demands and Job Satisfaction: A Mediated Moderation Model. SAGE Open, 12(1), 215824402210798. https://doi.org/10.1177/21582440221079880
Baatwah, S. R., Almoataz, E. S., Omer, W. K., & Aljaaidi, K. S. (2022). Does KAM disclosure make a difference in emerging markets? An investigation into audit fees and report lag. International Journal of Emerging Markets, 19(3), 798–821. https://doi.org/10.1108/IJOEM-10-2021-1606
Ball, R., Jayaraman, S., & Shivakumar, L. (2012). Audited financial reporting and voluntary disclosure as complements: A test of the Confirmation Hypothesis. Journal of Accounting and Economics, 53(1), 136–166. https://doi.org/10.1016/j.jacceco.2011.11.005
Barber, B. M., & Odean, T. (2001). The Internet and the Investor. Journal of Economic Perspectives, 15(1), 41–54. https://doi.org/10.1257/jep.15.1.41
Barclay, D., Higgins, C., & Thompson, R. (1995). The partial least squares (PLS) approach to casual modeling: Personal computer adoption ans use as an Illustration. Technology Studies, 2(2), 285–309.
Beattie, V., McInnes, B., & Fearnley, S. (2004). A methodology for analysing and evaluating narratives in annual reports: A comprehensive descriptive profile and metrics for disclosure quality attributes. Accounting Forum, 28(3), 205–236. https://doi.org/10.1016/j.accfor.2004.07.001
Bepari, M. K., Nahar, S., Mollik, A. T., & Azim, M. I. (2023). Content characteristics of key audit matters reported by auditors in Bangladesh and their implications for audit quality. Journal of Accounting in Emerging Economies, 14(4), 855–885. https://doi.org/10.1108/JAEE-12-2022-0344
Blessing, A., & Onoja, E. E. (2015). The role of financial statements on investment decision making: A case of united bank for Africa PLC (2004-2013). European Journal of Business, Economics and Accountancy, 3(2), 12–37.
Camacho-Miñano, M.-M., Muñoz-Izquierdo, N., Pincus, M., & Wellmeyer, P. (2024). Are key audit matter disclosures useful in assessing the financial distress level of a client firm? The British Accounting Review, 56(2), 101200. https://doi.org/10.1016/j.bar.2023.101200
Chang, Y.-T., Chi, W., & Stone, D. N. (2024). Is Client-Specific Information Useful to Investors? Evidence From Key Audit Matter Reports. Journal of Accounting, Auditing & Finance, 39(3), 786–806. https://doi.org/10.1177/0148558X221091804
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. https://doi.org/10.2308/ajpt-50793
DeFond, M., & Zhang, J. (2014). A review of archival auditing research. Journal of Accounting and Economics, 58(2), 275–326. https://doi.org/10.1016/j.jacceco.2014.09.002
Dos’Santos, T., McBurnie, A., Donelon, T., Thomas, C., Comfort, P., & Jones, P. A. (2019). A qualitative screening tool to identify athletes with ‘high-risk’ movement mechanics during cutting: The cutting movement assessment score (CMAS). Physical Therapy in Sport, 38, 152–161. https://doi.org/10.1016/j.ptsp.2019.05.004
Ebirim, G. U., Unigwe, I. F., Oshioste, E. E., Ndubuisi, N. L., Odonkor, B., Asuzu, O. F., Ebirim, G. U., Unigwe, I. F., Oshioste, E. E., Ndubuisi, N. L., Odonkor, B., & Asuzu, O. F. (2024). Innovations in accounting and auditing: A comprehensive review of current trends and their impact on U.S. businesses. International Journal of Science and Research Archive, 11(1), Article 1. https://doi.org/10.30574/ijsra.2024.11.1.0134
Fornell, C., & Larcker, D. F. (1981). Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research, 18(1), 39–50. https://doi.org/10.1177/002224378101800104
Francis, J. R. (2011). Auditing without borders. Accounting, Organizations and Society, 36(4), 318–323. https://doi.org/10.1016/j.aos.2011.07.003
Fuadah, H., & Setiyawati, H. (2020). The Effect of the Implementation of Transparency and Accounting Information Systems on the Quality of Financial Reports. IJO-International Journal of Business …, 3(11), 1–12.
Gambetta, N., Sierra-García, L., García-Benau, M. A., & Novejarque-Civera, J. (2023). The Informative Value of Key Audit Matters in the Audit Report: Understanding the Impact of the Audit Firm and KAM Type. Australian Accounting Review, 33(2), 114–134. https://doi.org/10.1111/auar.12396
Godi, J. (2024). Analysis of Risk Factors for Investors in Emerging Markets. Journal of Risk Analysis and Crisis Response, 14(2), Article 2. https://doi.org/10.54560/jracr.v14i2.469
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. https://doi.org/10.1111/ijau.12190
Guo, M., Su, Y., & Zhao, R. (2024). The effect of expanded audit report on IPO underpricing: Evidence from China. Emerging Markets Review, 58, 101092. https://doi.org/10.1016/j.ememar.2023.101092
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2009). Multivariate Data Analysis (7th edition). Pearson.
Hair, J. F., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2017). A primer on partial least squares structural equations modeling (PLS-SEM) (2nd ed.). SAGE.
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203
Hayes, A. F. (2009). Beyond Baron and Kenny: Statistical Mediation Analysis in the New Millennium. Communication Monographs, 76(4), 408–420. https://doi.org/10.1080/03637750903310360
Hayes, A. F. (2013). Introduction to Mediation, Moderation, and Conditional Process Analysis: A Regression-Based Approach (1st ed.). Guilford Press.
Hegazy, M. A. A., & Kamareldawla, N. M. (2021). Key audit matters: Did IAASB unravel the knots of confusion in audit reports decisions? Managerial Auditing Journal, 36(8), 1025–1052. https://doi.org/10.1108/MAJ-11-2019-2464
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115–135. https://doi.org/10.1007/s11747-014-0403-8
IAASB | IAASB. (2024, April 11). https://www.iaasb.org/
Ismail, H., Abdullah Atqa, A., & Hassan, H. (2018). First Time Reporting of Key Audit Matters (KAM) by Malaysian Auditors. International Journal of Engineering & Technology, 7(3.30), 30. https://doi.org/10.14419/ijet.v7i3.30.18149
Jones, J., & Scott, S. (2022). Communicating Key Audit Matters: A Post Implementation Review. https://hdl.handle.net/10214/27277
Kitiwong, W., & Sarapaivanich, N. (2020). Consequences of the implementation of expanded audit reports with key audit matters (KAMs) on audit quality. Managerial Auditing Journal, 35(8), 1095–1119. https://doi.org/10.1108/MAJ-09-2019-2410
Klueber, J., Gold, A., & Pott, C. (2018). Do Key Audit Matters Impact Financial Reporting Behavior? (SSRN Scholarly Paper 3210475). https://doi.org/10.2139/ssrn.3210475
Knechel, W. R., Krishnan, G. V., Pevzner, M., Shefchik, L. B., & Velury, U. K. (2013). Audit Quality: Insights from the Academic Literature. AUDITING: A Journal of Practice & Theory, 32(Supplement 1), 385–421. https://doi.org/10.2308/ajpt-50350
Lawrence, A., Minutti-Meza, M., & Zhang, P. (2011). Can Big 4 versus Non-Big 4 Differences in Audit-Quality Proxies Be Attributed to Client Characteristics? The Accounting Review, 86(1), 259–286. https://doi.org/10.2308/accr.00000009
Lennox, C. S., Schmidt, J. J., & Thompson, A. M. (2023). Why are expanded audit reports not informative to investors? Evidence from the United Kingdom. Review of Accounting Studies, 28(2), 497–532. https://doi.org/10.1007/s11142-021-09650-4
Lennox, C. S., & Wu, X. (2018). A Review of the Archival Literature on Audit Partners. Accounting Horizons, 32(2), 1–35. https://doi.org/10.2308/acch-51942
Lo, A. W., & Repin, D. V. (2002). The Psychophysiology of Real-Time Financial Risk Processing. Journal of Cognitive Neuroscience, 14(3), 323–339. https://doi.org/10.1162/089892902317361877
Miller, B. P. (2010). The Effects of Reporting Complexity on Small and Large Investor Trading. The Accounting Review, 85(6), 2107–2143. https://doi.org/10.2308/accr.00000001
Moroney, R., Phang, S. Y., & Xiao, X. (2021). When Do Investors Value Key Audit Matters? European Accounting Review, 30(1), 63–82. https://doi.org/10.1080/09638180.2020.1733040
Neiroukh, S., Emeagwali, O. L., & Aljuhmani, H. Y. (2024). Artificial intelligence capability and organizational performance: Unraveling the mediating mechanisms of decision-making processes. Management Decision, ahead-of-print(ahead-of-print). https://doi.org/10.1108/MD-10-2023-1946
Nunnally, J. C., & Bernstein, I. H. (1994). Psychometric theory (3rd ed.). New York: McGraw-Hill.
Ong, S. Y., Moroney, R., & Xiao, X. (2022a). How do key audit matter characteristics combine to impact financial statement understandability? Accounting and Finance, 62(1), 805–835. https://doi.org/10.1111/acfi.12811
Ong, S. Y., Moroney, R., & Xiao, X. (2022b). How do key audit matter characteristics combine to impact financial statement understandability? Accounting & Finance, 62(1), 805–835. https://doi.org/10.1111/acfi.12811
Preacher, K. J., & Hayes, A. F. (2004). SPSS and SAS procedures for estimating indirect effects in simple mediation models. Behavior Research Methods, Instruments, & Computers, 36(4), 717–731. https://doi.org/10.3758/BF03206553
Preacher, K. J., & Hayes, A. F. (2008). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models. Behavior Research Methods, 40(3), 879–891. https://doi.org/10.3758/BRM.40.3.879
Rajgopal, S., Srinivasan, S., & Zheng, X. (2021). Measuring audit quality. Review of Accounting Studies, 26(2), 559–619. https://doi.org/10.1007/s11142-020-09570-9
Rathnayake Mudiyanselage, S. B. (2020). Measuring financial reporting quality: An approach based on qualitative characteristics. https://ir.canterbury.ac.nz/bitstream/handle/10092/101683/Rathnayake%20Mudiyanselage,%20Saman%20Bandara_Final%20PhD%20Thesis.pdf?sequence=3
Rautiainen, A., Saastamoinen, J., & Pajunen, K. (2021). Do key audit matters (KAMs) matter? Auditors’ perceptions of KAMs and audit quality in Finland. Managerial Auditing Journal, 36(3), 386–404. https://doi.org/10.1108/MAJ-11-2019-2462
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. https://doi.org/10.1111/1911-3846.12486
Ringle, C. M., & Sarstedt, M. (2016). Gain more insight from your PLS-SEM results: The importance-performance map analysis. Industrial Management & Data Systems, 116(9), 1865–1886. https://doi.org/10.1108/IMDS-10-2015-0449
Ringle, C. M., Wende, S., & Becker, J.-M. (2022). SmartPLS 4. Oststeinbek: SmartPLS GmbH [Computer software]. https://www.smartpls.com/
Salehi, A. K. (2022). Critical review of the role of accounting in the decision-making process. Journal of Islamic Accounting and Business Research, 15(2), 244–264. https://doi.org/10.1108/JIABR-12-2021-0310
Smith, M., & Taffler, R. J. (2000). The chairman’s statement ‐ A content analysis of discretionary narrative disclosures. Accounting, Auditing & Accountability Journal, 13(5), 624–647. https://doi.org/10.1108/09513570010353738
Sullivan, G. M., & Feinn, R. (2012). Using Effect Size—Or Why the P Value Is Not Enough. Journal of Graduate Medical Education, 4(3), 279–282. https://doi.org/10.4300/JGME-D-12-00156.1
Suttipun, M. (2021). Impact of key audit matters (KAMs) reporting on audit quality: Evidence from Thailand. Journal of Applied Accounting Research, 22(5), 869–882. https://doi.org/10.1108/JAAR-10-2020-0210
Thaler, R. (1985). Mental Accounting and Consumer Choice. Marketing Science, 4(3), 199–214. https://doi.org/10.1287/mksc.4.3.199
Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5(4), 297–323. https://doi.org/10.1007/BF00122574
Velte, P. (2023). The impact of external auditors on firms’ financial restatements: A review of archival studies and implications for future research. Management Review Quarterly, 73(3), 959–985. https://doi.org/10.1007/s11301-022-00264-x