Original Research Article | OPEN ACCESS
Determinants of Key Audit Matters Disclosure

M. E. Oghuvwu A. C. Orakwue

For correspondence:-  M. Oghuvwu   Email: marthasada1@yahoo.com

Received: September 3, 2019        Accepted: September 21, 2019        Published: September 30, 2019

Citation: Oghuvwu ME.Orakwue AC. Determinants of Key Audit Matters Disclosure. Account Tax Rev 2019; 3(3):69-77 doi:

© 2019 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..

Abstract

We explore the determinants of Key Audit Matters (KAM) from the inspired confidence theoretical submission. Specifically, a longitudinal research design was utilised with samples covering fifteen (15) banks for the period 2016 and 2017. The hypotheses formulated were tested using the fractional regression method.Following the analysis, the study found a positive and significant relationship between audit fees and the disclosureof key audit matters. While firm size showed a positive non-significant relationship. Given these findings, we conclude that audit fees form a fundamental determinant of the disclosure of key audit matters. The study recommends that; in extending audit reports, organisations should ensure that the objective of credibility and transparency is achieved. This will enhance the quality of audit report.

Keywords: Audit Matters, Audit Fees, Firm Size, Inspired Confidence Theory.


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