Reporting Key Audit Matters: A Review of Literature

• Main Authors: Ilias, Nurul Fatihah, Mohamad Yusof, Nor Zalina, Salim, Basariah
• Format: Conference or Workshop Item
• Language: English
• Published: 2022
• Subjects: HF5601 Accounting
• Online Access: https://repo.uum.edu.my/id/eprint/29946/1/UUM%20IQRC%202022_161-167.pdf; https://repo.uum.edu.my/id/eprint/29946/

This paper presents a review of the literature on issues concerning independent auditors’ report involving key audit matters (KAMs). The paper aims to provide an overview of the existing literature, summarize their findings and implications, and give insights into the state of KAMs reporting. The study adopts a structured review of literature on KAMs reporting based on articles published between 2018 to 2022 in SCOPUS-indexed journals. The review shows that not much publication in the SCOPUS-indexed journals related to factors influencing KAMs disclosure, but it is evident that there is an increasing amount of literature on this topic, particularly from 2020 to 2022. Furthermore, it is found that research associated with reporting KAMs primarily uses quantitative methods. Hence, the literature review is useful for researchers to identify areas for further academic research. From a practical point of view, the findings from the study will assist auditors to better understand the issues related to reporting KAMs and obtain insights into the key areas where such reporting is issued.