El impacto del informe de auditoría ampliado en la financiación bancaria de las Pymes
The impact of the expanded audit report content on SMEs’ bank financing
Resumen
Los emisores de normas y los reguladores han cambiado gradualmente la forma y el contenido de los informes de auditoría para mejorar su claridad y comprensibilidad, con el objetivo de reducir la brecha de expectativas. Este trabajo investiga la utilidad percibida del último informe de auditoría ampliado, centrándose en la evaluación de sus secciones clave, dentro del contexto de la financiación bancaria. Además, el estudio explora el impacto potencial en las decisiones de concesión de crédito, particularmente en relación con la accesibilidad, los tiempos de procesamiento y las condiciones de financiación para las PYMEs. Para analizar las respuestas de 225 oficiales de crédito bancario a un cuestionario en línea autoadministrado, se empleó una metodología basada en ecuaciones estructurales (SEM). Los resultados muestran que la percepción de que el servicio de auditoría es útil tiene un impacto positivo en la concesión del crédito (acceso, tiempo y condiciones), pero sólo está influenciado por el apartado de Opinión. Las secciones Fundamento de la opinión, Otra información y Cuestiones clave de auditoría (CCA) no parecen ser significativas. En consecuencia, las extensiones adicionales de los informes de auditoría deben considerarse cuidadosamente antes de tomar nuevas decisiones, ya que no necesariamente se perciben como informativas.
Descargas
Citas
Allee, K.D., & Yohn, T.L. (2009). The demand for financial statements in an unregulated environment: An examination of the production and use of financial statements by privately held small businesses. The Accounting Review, 84(1), 1-25. https://doi.org/10.2308/accr.2009.84.1.1
Al‐Mulla, M., & Bradbury, M.E. (2022). Auditor, client and investor consequences of the enhanced auditor's report. International Journal of Auditing, 26(2), 134-150. https://doi.org/10.1111/ijau.12255
Altawalbeh, M., & Alhajaya, M. (2019). The investors reaction to the disclosure of key audit matters: empirical evidence from Jordan. International Business Research, 12(3), 50-57. https://doi.org/10.5539/ibr.v12n3p50
Asare, S.K., & Wright, A.M. (2012). Investors', auditors', and lenders' understanding of the message conveyed by the standard audit report on the financial statements. Accounting Horizons, 26(2), 193-217. https://doi.org/10.2308/acch-50138
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. https://doi.org/10.1108/IJOEM-10-2021-1606
Bamber, E.M., & Stratton, R.A. (1997). The information content of the uncertainty-modified audit report: Evidence from bank loan officers. Accounting Horizons, 11(2), 1-11.
Beck, T., Demirgüç-Kunt, A., & Maksimovic, V. (2005). Financial and legal constraints to growth: does firm size matter?. Journal of Finance, 60(1), 137-177. https://doi.org/10.1111/j.1540-6261.2005.00727.x
Bédard, J., Gonthier-Besacier, N., & Schatt, A. (2019). Consequences of expanded audit reports: Evidence from the justifications of assessments in France. Auditing: A Journal of Practice & Theory, 38(3), 23-45. https://doi.org/10.2308/ajpt-52339
Berger, A.N., & Frame, W.S. (2007). Small business credit scoring and credit availability. Journal of Small Business Management, 45(1), 5-22. https://doi.org/10.1111/j.1540-627X.2007.00195.x
Berger, A.N., & Udell, G.F. (2006). A more complete conceptual framework for SME finance. Journal of Banking & Finance, 30(11), 2945-2966. https://doi.org/10.1016/j.jbankfin.2006.05.008
Berry, A., & Robertson, J. (2006). Overseas bankers in the UK and their use of information for making lending decisions: Changes from 1985. The British Accounting Review, 38(2), 175-191. https://doi.org/10.1016/j.bar.2005.10.004
Berry, A.J., Faulkner, S., Hughes, M., & Jarvis, R. (1993). Financial information, the banker and the small business. The British Accounting Review, 25(2), 131-150. https://doi.org/10.1006/bare.1993.1013
Blackwell, D.W., Noland, T.R., & Winters, D.B. (1998). The value of auditor assurance: Evidence from loan pricing. Journal of Accounting Research, 36(1), 57-70. https://doi.org/10.2307/2491320
Boolaky, P.K., & Quick, R. (2016). Bank directors’ perceptions of expanded auditor's reports. International Journal of Auditing, 20(2), 158-174. https://doi.org/10.1111/ijau.12063
Botes, V., Low, M., & Sutton, A. (2020). Key Audit Matters and their Implications for the Audit Environment. International Journal of Economics and Accounting, 9(4), 374-96. https://doi.org/10.1504/IJEA.2020.110164
Briozzo, A., & Albanese, D. (2020). Voluntary audit, investment, and financing decisions in Latin American small and medium enterprises. Journal of International Accounting, Auditing and Taxation, 38, 100302. https://doi.org/10.1016/j.intaccaudtax.2020.100302
Bruns, V., Holland, D.V., Shepherd, D.A., & Wiklund, J. (2008). The role of human capital in loan officers’ decision policies. Entrepreneurship Theory and Practice, 32(3), 485-506. https://doi.org/10.1111/j.1540-6520.2008.00237.x
Byrne, B.M. (2006). Structural Equation Modeling with EQS: Basic Concepts, Applications, and Programming. Lawrence Erlbaum Associates.
Carcello, J.V. (2012). What do investors want from the standard audit report?. The CPA Journal, 82(1), 22-28.
Cassar, G. (2011). Discussion of the value of financial statement verification in debt financing: Evidence from private US firms. Journal of Accounting Research, 49(2), 507-528. https://www.jstor.org/stable/20869879
Causholli, M., & Knechel, W.R. (2012). Lending relationships, auditor quality and debt costs. Managerial Auditing Journal, 27(6), 550-572. https://doi.org/10.1108/02686901211236391
Chakravarty, S., & Yilmazer, T. (2009). A multistage model of loans and the role of relationships. Financial Management, 38(4), 781-816. https://doi.org/10.1111/j.1755-053X.2009.01056.x
Chang, S.J., Van Witteloostuijn, A. & Eden, L. (2010). From the editors: Common Method Variance in international business research”, Journal of International Business Studies, 41(2), 178-184. https://doi.org/10.1007/978-3-030-22113-3_20
Chong, K.M., & Pflugrath, G. (2008). Do different audit report formats affect shareholders' and auditors' perceptions?. International Journal of Auditing, 12(3), 221-241. https://doi.org/10.1111/j.1099-1123.2008.00381.x
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
Church, B.K., Davis, S.M., & Mccracken, S.A. (2008). The auditor's reporting model: A literature overview and research synthesis. Accounting Horizons, 22(19), 69-90. https://doi.org/10.2308/acch.2008.22.1.69
Churchill, G.A., & Iacobucci, D. (2002). Marketing research methodological foundations (8th ed.). Mason: Thomson.
Chy, M., De Franco, G., & Su, B. (2021). The effect of auditor litigation risk on clients' access to bank debt: Evidence from a quasi-experiment. Journal of Accounting and Economics, 71(1), 101354. https://doi.org/10.1016/j.jacceco.2020.101354
Conner, M., & Norman, P. (2022). Understanding the intention-behavior gap: The role of intention strength. Frontiers in Psychology, 13, 923464. https://doi.org/10.3389/fpsyg.2022.923464
Coram, P.J., & Wang, L. (2021). The effect of disclosing key audit matters and accounting standard precision on the audit expectation gap. International Journal of Auditing, 25(2), 270-282. https://doi.org/10.1111/ijau.12203
Danos, P., Holt, D.L., & Imhoff, E.A. (1989). The use of accounting information in bank lending decisions. Accounting, Organizations and Society, 14(3), 235-246. https://doi.org/10.1016/0361-3682(89)90025-1
De La Torre, A., Martínez-Pería, M.S., & Schmuckler, S.L. (2010). Bank involvement with SMEs: beyond relationship lending. Journal of Banking & Finance, 34(9), 2280-2293. https://doi.org/10.1016/j.jbankfin.2010.02.014
Dedman, E., & Kausar, A. (2012). The impact of voluntary audit on credit ratings: evidence from UK private firms. Accounting and Business Research, 42(4), 397-418. https://doi.org/10.1080/00014788.2012.653761
Defond, M., & Zhang, J. (2014). A review of archival auditing research. Journal of Accounting and Economics, 58(2/3), 275-326. https://doi.org/10.1016/j.jacceco.2014.09.002
Duréndez Gómez-Guillamón, A. (2003). The usefulness of the audit report in investment and financing decisions. Managerial Auditing Journal, 18(6/7), 549-559. https://doi.org/10.1108/02686900310482687
Duréndez Gómez-Guillamón, A., & Sánchez Vidal, J. (2008). La influencia del informe de auditoría en la obtención de financiación bancaria. Spanish Journal of Finance and Accounting, 37(138), 255-278. https://doi.org/10.1080/02102412.2008.10779645
Elias, R.Z., & Johnston, J.G. (2001). Is there incremental information content in the going concern explanatory paragraph?. Advances in Accounting, 18, 105-117. https://doi.org/10.1016/S0882-6110(01)18007-7
European Parliament and Council of the European Union (2014). Regulation of the European Parliament and of the Council on Specific Requirements Regarding Statutory Audit of Public-Interest Entities and Repealing Commission Decision 2005/909/EU. Brussels.
Financial Reporting Council (FRC) (2013). International Standard on Auditing (UK and Ireland) 700. The Independent Auditor’s Report on Financial Statements. London.
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
Fortin, S., & Pittman, J. (2007). The role of auditor choice in debt pricing in private firms. Contemporary Accounting Research, 24(3), 859-896. https://doi.org/10.1506/car.24.3.8
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, 104(33), 114-134. https://doi.org/10.1111/auar.12396
Geiger, M.A., Gold, A., & Wallage, P. (2021). Auditor Going Concern Reporting: A Review of Global Research and Future Research Opportunities. London, U.K. and New York, N.Y.: Routledge Press.
Goicoechea, E., Gómez-Bezares, F., & Ugarte, J.V. (2021). Improving audit reports: A consensus between auditors and users. International Journal of Financial Studies, 9(2), 25. https://doi.org/10.3390/ijfs9020025
Gold, A., Gronewold, U., & Pott, C. (2012). The ISA 700 auditor's report and the audit expectation gap–Do explanations matter?. International Journal of Auditing, 16(3), 286-307. https://doi.org/10.1111/j.1099-1123.2012.00452.x
Gold, A., & Heilmann, M. (2019). The consequences of disclosing key audit matters (KAMs): A review of the academic literature. Maandblad voor accountancy en bedrijfseconomie, 93(1/2), 5-14. https://doi.org/10.5117/mab.93.29496
Gonzalo-Angulo, J.A., & Garvey, A.M. (2018). Audit Research: Some Reflections. Revista de Contabilidad-Spanish Accounting Review, 21(2), 107-115. https://doi.org/10.1016/j.rcsar.2018.05.004
Gray, G.L., Turner, J.L., Coram, P.J., & Mock, T.J. (2011). Perceptions and misperceptions regarding the unqualified auditor's report by financial statement preparers, users, and auditors. Accounting Horizons, 25(4), 659-684. https://doi.org/10.2308/acch-50060
Guiral‐Contreras, A., Gonzalo‐Angulo, J.A., & Rodgers, W. (2007). Information content and recency effect of the audit report in loan rating decisions. Accounting & Finance, 47(2), 285-304. https://doi.org/10.1111/j.1467-629X.2006.00208.x
Gutiérrez, E., Minutti-Meza, M., Tatum, K.W., & Vulcheva, M. (2018). Consequences of adopting an expanded auditor’s report in the United Kingdom. Review of Accounting Studies, 23(4), 1543-1587. https://doi.org/10.1007/s11142-018-9464-0
Hair, J.F., Anderson, R.E., Tatham, R.L., & Black, W.C. (2010). Multivariate Data Analysis (7th ed.). New Jersey: Prentice Hall.
Hatherly, D., Brown, T., & Innes, J. (1998). Free-form reporting and perceptions of the audit. The British Accounting Review, 30(1), 23-38. https://doi.org/10.1006/bare.1997.0057
Houghton, K.A., Jubb, C., & Kend, M. (2011). Materiality in the context of audit: the real expectations gap. Managerial Auditing Journal, 26(6), 482-500. https://doi.org/10.1108/02686901111142549
Hu, Z., Li, Y., Lin, B., & Kleinman, G. (2023). The impact of key audit matter reporting on analyst forecast accuracy and forecast dispersion: Evidence from Chinese listed firms. Managerial Auditing Journal, 38(3), 288-313. https://doi.org/10.1108/MAJ-08-2021-3291
Huguet, D., & Gandía, J.L. (2014). Cost of debt capital and audit in Spanish SMEs. Spanish Journal of Finance and Accounting, 43(3), 266-289. https://doi.org/10.1080/02102412.2014.942154
Humphrey, C., Moizer, P., & Turley, S. (1992). The audit expectations gap - plus ca change, plus c'est la meme chose?. Critical Perspectives on Accounting, 3(2), 137-161. https://doi.org/10.1016/1045-2354(92)90008-F
Humphrey, C., Moizer, P., & Turley, S. (1993). The audit expectations gap in Britain: An empirical investigation. Accounting and Business Research, 23, 395-411. https://doi.org/10.1080/00014788.1993.9729907
Humphrey, C., Loft, A., & Woods, M. (2009). The global audit profession and the international financial architecture: Understanding regulatory relationships at a time of financial crisis. Accounting, Organizations and Society, 34(6-7), 810-825. https://doi.org/10.1016/j.aos.2009.06.003
Hyytinen, A., & Väänänen, L. (2006). Where do financial constraints originate from? An empirical analysis of adverse selection and moral hazard in capital markets. Small Business Economics, 27(4/5), 323-348. https://doi.org/10.1007/s11187-005-0610-2
International Auditing and Assurance Standards Board (IAASB) (2015a). The new auditor’s report: enhancing auditor communications. Greater Transparency into the Financial Statement Audit. New York: International Federation of Accountants. Available at: https://www.ifac.org/system/files/uploads/IAASB/Auditor-Reporting-Fact-Sheet.pdf
International Auditing and Assurance Standards Board (IAASB) (2015b). International Standard on Auditing (ISA) 700 (Revised): Forming an opinion and reporting on financial statements. New York: International Federation of Accountants. Available at: https://www.ifac.org/publications-resources/international-standard-auditing-isa-700-revised-forming-opinion-and-reporting
International Auditing and Assurance Standards Board (IAASB) (2015c). International Standard on Auditing (ISA) 701: Communicating key audit matters in the independent auditor’s report. New York: International Federation of Accountants. Available at: https://www.ifac.org/publications-resources/international-standard-auditing-isa-701-new-communicating-key-audit-matters-i
Kend, M., & Nguyen, L.A. (2020). Investigating recent audit reform in the Australian context: An analysis of the KAM disclosures in audit reports 2017–2018. International Journal of Auditing, 24(3), 412-430. https://doi.org/10.1111/ijau.12205
Kend, M., & Nguyen, L.A. (2022). Key audit risks and audit procedures during the initial year of the COVID-19 pandemic: An analysis of audit reports 2019-2020. Managerial Auditing Journal, 37(7), 798-818. https://doi.org/10.1108/maj-07-2021-3225
Kim, J.B., Simunic, D.A., Stein, M.T., & Yi, C.H. (2011). Voluntary audits and the cost of debt capital for privately held firms: Korean evidence. Contemporary Accounting Research, 28(2), 585-615. https://doi.org/10.1111/j.1911-3846.2010.01054.x
Kim, J.B., Song, B.Y., & Tsui, J.S. (2013). Auditor size, tenure, and bank loan pricing. Review of Quantitative Finance and Accounting, 40(1), 75-99. https://doi.org/10.1007/s11156-011-0270-z
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
Koh, H., & Woo, E. (1998). The expectation gap in auditing. Managerial Auditing Journal, 13(3), 147-154. https://doi.org/10.1108/02686909810208038
Köhler, A., Ratzinger-Sakel, N., & Theis, J. (2020). The effects of key audit matters on the auditor’s report’s communicative value: Experimental evidence from investment professionals and non-professional investors. Accounting in Europe, 17(2), 105-128. https://doi.org/10.1080/17449480.2020.1726420
Lennox, C.S., & Pittman, J.A. (2011). Voluntary audits versus mandatory audits”, The Accounting Review. 86(5), 1655-1678. https://doi.org/10.2308/accr-10098
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, 497-532. https://doi.org/10.1007/s11142-021-09650-4
Li, H., Hay, D., & Lau, D. (2019). Assessing the impact of the new auditor’s report. Pacific Accounting Review, 31(1), 110-132. https://doi.org/10.1108/PAR-02-2018-0011
Liao, L., Minutti-Meza, M., Zhang, Y., & Zou, Y. (2022). Consequences of the adoption of the expanded auditor’s report: Evidence from Hong Kong. University of Miami Business School Research Paper, No. 3392449.
Liu, H., Cullinan, C.P., & Zhang, J. (2020). Modified audit opinions and debt contracting: Evidence from China. Asia-Pacific Journal of Accounting & Economics, 27(2), 218-241. https://doi.org/10.1080/16081625.2018.1517048
Liu, H., Ning, J., Zhang, Y., & Zhang, J. (2022). Key audit matters and debt contracting: Evidence from China. Managerial Auditing Journal, 37(6), 657-678. https://doi.org/10.1108/MAJ-06-2021-3210
Liu, H., Chang, Y., & Zuo, M. (2023). Key Audit Matters and Insider Trading Profitability: Evidence from China. Journal of Contemporary Accounting & Economics, 100383. https://doi.org/10.1016/j.jcae.2023.100383
Litjens, R., Van Buuren, J., & Vergoossen, R. (2015). Addressing information needs to reduce the audit expectation gap: Evidence from Dutch bankers, audited companies and auditors. International Journal of Auditing, 19(3), 267-281. https://doi.org/10.1111/ijau.12042
Mashayekhi, B., Dolatzarei, E., Faraji, O., & Rezaee, Z. (2023). Mapping the state of expanded audit reporting: a bibliometric view. Meditari Accountancy Research. https://doi.org/10.1108/MEDAR-09-2022-1809
McEnroe, J.E., & Martens, C. (2001). Auditors’ and investors’ perceptions of the expectation gap. Accounting Horizons, 15(4), 345-358. https://doi.org/10.2308/acch.2001.15.4.345
Miller, J.R., Reed, S. A., & Strawser, R.H. (1993). Bank loan officers' perceptions of the new audit report. Accounting Horizons, 7(1), 39-52.
Minnis, M. (2011). The value of financial statement verification in debt financing: Evidence from private US firms. Journal of Accounting Research, 49(2), 457-506. https://doi.org/10.1111/j.1475-679X.2011.00411.x
Minutti-Meza, M. (2021). The art of conversation: The expanded audit report. Accounting and Business Research, 51(5), 548-581. https://doi.org/10.1080/00014788.2021.1932264
Mock, T.J., Bédard, J., Coram, P.J., Davis, S.M., Espahbodi, R., & Warne, R. C. (2013). The audit reporting model: Current research synthesis and implications. Auditing: A Journal of Practice & Theory, 32(Supplement 1), 323-351. https://doi.org/10.2308/ajpt-50294
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
Nguyen, L.A., & Kend, M. (2021). The perceived impact of the KAM reforms on audit reports, audit quality and auditor work practices: stakeholders’ perspectives. Managerial Auditing Journal, 36(3), 437-462. https://doi.org/10.1108/MAJ-10-2019-2445
Niemi, L., & Sundgren, S. (2012). Are modified audit opinions related to the availability of credit? Evidence from Finnish SMEs. European Accounting Review, 21(4), 767-796. https://doi.org/10.1080/09638180.2012.671465
Palazuelos, E., Herrero Crespo, A., & Montoya Del Corte, J. (2018). Accounting information quality and trust as determinants of credit granting to SMEs: The role of external audit. Small Business Economics, 51(4), 861-877. https://doi.org/10.1007/s11187-017-9966-3
Palazuelos, E., Herrero Crespo, A., & Montoya Del Corte, J. (2020). Auditing and credit granting to SMEs: An integrative perceptual model. Managerial Auditing Journal, 35(1), 152-174. https://doi.org/10.1108/MAJ-12-2018-2118
Pankoff, L.D., & Virgil, R.L. (1970). Some preliminary findings from a laboratory experiment on the usefulness of financial accounting information to security analysts. Journal of Accounting Research, 8, 1-48. https://www.jstor.org/stable/2674690
Parte, L., Camacho-Miñano, M-M., Segovia-Vargas, M.J., & Pérez-Pérez, Y. (2022). How Difficult is to Understand the Extended Audit Report?. Cogent Business and Management, 9(1), 1-26. 2113494. https://doi.org/10.1080/23311975.2022.2113494
Pérez Pérez, Y., Camacho Miñano, M.M., & Segovia-Vargas, M.J. (2021). Risk on financial reporting in the context of the new audit report in Spain. Revista de Contabilidad-Spanish Accounting Review, 24(1), 48-61. https://doi.org/10.6018/rcsar.363001
Pittman, J.A., & Fortin, S. (2004). Auditor choice and the cost of debt capital for newly public firms. Journal of Accounting and Economics, 37(1), 113-136. https://doi.org/10.1016/j.jacceco.2003.06.005
Porumb, V.A., Zengin‐Karaibrahimoglu, Y., Lobo, G.J., Hooghiemstra, R., & De Waard, D. (2021). Expanded auditor's report disclosures and loan contracting. Contemporary Accounting Research, 38(4), 3214-3253. https://doi.org/10.1111/1911-3846.12697
Prasad, P., & Chand, P. (2017). The changing face of the auditor's report: Implications for suppliers and users of financial statements. Australian Accounting Review, 27(4), 348-367. https://doi.org/10.1111/auar.12137
Public Company Accounting Oversight Board (PCAOB) (2017). The auditor’s report on an audit of financial statements when the auditor expresses an unqualified opinion; and related amendments to PCAOB standards. PCAOB Release No. 2017–001.
Ratzinger-Sakel, N.V., & Gray, G.L. (2015). Moving toward a learned profession and purposeful integration: Quantifying the gap between the academic and practice communities in auditing and identifying new research opportunities. Journal of Accounting Literature, 35, 77-103. https://doi.org/10.1016/j.acclit.2015.10.002
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
Ruhnke, K., & Schmidt, M. (2014). The audit expectation gap: existence, causes and the impact of changes. Accounting and Business Research, 44(5), 572-601. https://doi.org/10.1080/00014788.2014.929519
Seebeck, A., & Kaya, D. (2023). The power of words: An empirical analysis of the communicative value of extended auditor reports. European Accounting Review, 32(5), 1185-1215. https://doi.org/10.1080/09638180.2021.2021097
Segal, M. (2019). Key audit matters: Insight from audit experts. Meditari Accountancy Research, 27(3), 472-494. https://doi.org/10.1108/MEDAR-06-2018-0355
Siering, M., Muntermann, J., & Rajagopalan, B. (2018). Explaining and predicting online review helpfulness: The role of content and reviewer-related signals. Decision Support Systems, 108, 1-12. https://doi.org/10.1016/j.dss.2018.01.004
Sikka, P., Puxty, A., Willmott, H., & Cooper, C. (1998). The impossibility of eliminating the expectation gap: Some theory and evidence. Critical Perspectives on Accounting, 9(3), 299-330. https://doi.org/10.1006/cpac.1997.0159
Simnett, R., & Huggins, A. (2014). Enhancing the auditor's report: To what extent is there support for the IAASB's proposed changes?. Accounting Horizons, 28(4), 719-747. https://doi.org/10.2308/acch-50791
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. https://doi.org/10.2308/acch-52047
Steenkamp, J.B.E., & Van Trijp, H.C. (1991). The use of LISREL in validating marketing constructs. International Journal of Research in Marketing, 8(4), 283-299. https://doi.org/10.1016/0167-8116(91)90027-5
Sussman, S.W., & Siegal, W.S. (2003). Informational influence in organizations: An integrated approach to knowledge adoption. Information Systems Research, 14(1), 47-65. https://doi.org/10.1287/isre.14.1.47.14767
Tian, Y., & Pan, X. (2022). Green finance policy, financial risk, and audit quality: evidence from China. European Accounting Review. https://doi.org/10.1080/09638180.2022.2109707
Turner, J.L., Mock, T.J., Coram, P.J., & Gray, G.L. (2010). Improving transparency and relevance of auditor communications with financial statement users. Current Issues in Auditing, 4(1), A1-A8. https://doi.org/10.2308/ciia.2010.4.1.A1
Vanstraelen, A., Schelleman, C., Meuwissen, R., & Hofmann, I. (2012). The audit reporting debate: Seemingly intractable problems and feasible solutions. European Accounting Review, 21(2), 193-215. https://doi.org/10.1080/09638180.2012.687506
Velte, P., & Issa, J. (2019). The impact of key audit matter (KAM) disclosure in audit reports on stakeholders’ reactions: A literature review. Problems and Perspectives in Management, 17(3), 323-341. http://dx.doi.org/10.21511/ppm.17(3).2019.26
Wagner, S.M., Coley, L.S., & Lindemann, E. (2011). Effects of suppliers' reputation on the future of buyer-supplier relationships: The mediating roles of outcome fairness and trust, Journal of Supply Chain Management, 47(2), 29-48. https://doi.org/10.1111/j.1745-493X.2011.03225.x
Zeng, Y., Zhang, J.H., Zhang, J., & Zhang, M. (2021). Key audit matters reports in China: Their descriptions and implications of audit quality. Accounting Horizons, 35(2), 167-192. https://doi.org/10.2308/HORIZONS-19-189
Zhai, H., Lu, M., Shan, Y., Liu, Q., & Zhao, Y. (2021). Key audit matters and stock price synchronicity: Evidence from a quasi-natural experiment in China. International Review of Financial Analysis, 75, 101747. https://doi.org/10.1016/j.irfa.2021.101747
Derechos de autor 2025 Revista de Contabilidad - Spanish Accounting Review
Esta obra está bajo una licencia internacional Creative Commons Atribución 4.0.
Las obras que se publican en esta revista están sujetas a los siguientes términos:
1. Ediciones de la Universidad de Murcia (EDITUM) y ASEPUC conservan los derechos patrimoniales (copyright) de las obras publicadas, y favorece y permite la reutilización de las mismas bajo la licencia de uso indicada en el punto 2.
2. Las obras se publican en la edición electrónica de la revista bajo una licencia de Creative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional. Permite copiar, distribuir e incluir el artículo en un trabajo colectivo (por ejemplo, una antología), siempre y cuando no exista una finalidad comercial, no se altere ni modifique el artículo y se cite apropiadamente el trabajo original. Esta revista no tiene tarifa por la publicación Open Access. ASEPUC y EDITUM financian los costes de producción y publicación de los manuscritos.
3. Condiciones de auto-archivo. Se permite y se anima a los autores a difundir electrónicamente la versión publicada de sus obras, ya que favorece su circulación y difusión y con ello un posible aumento en su citación y alcance entre la comunidad académica.
