Determinants for disclosure of the key audit matters in non-financial companies of B3
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | por eng |
Título da fonte: | Revista Catarinense da Ciência Contábil (Online) |
Texto Completo: | https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390 |
Resumo: | This research analyzes the determinants of the quantity of key audit matters (KAM) reported in audit reports from 2016 to 2019 of the non-financial companies listed on B3. The longitudinal regression model for panel data - Poisson’s Log-Linear was applied to an annual sample of at least 272 companies, resulting in 1,198 reports and 3,295 KAM (dependent variable), considering as explanatory variables the aspects of the auditor, the auditee, and corporate governance mechanisms. The findings demonstrate that being audited by the big four is negatively associated with the quantity of KAM. This may be due to the big four or not reporting the same mean number of KAMs per company. Auditors of larger companies, less profitable and with greater operational risk, disclose more KAM, probably aiming to ensure their independence. The audit committees were not statistically significant, not impacting the quantity of KAM reported. The results contribute to the literature on factors that affect the disclosure of KAM in a non-European context (Bepari et al., 2022) with four years of data, and to companies, auditors, and regulatory and supervisory bodies, through Poisson’s multilevel regression, which is an appropriate approach for structured counting data in clusters of relatively similar observations (panels). This advances the studies by Ferreira and Morais (2020) and Guedes et al. (2021), who used ordinary least squares (OLS), and Colares et al. (2020), who used the Chi-square test in one- or two-year analyses of characteristics that tend to establish the quantity of KAM in Brazil. |
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Determinants for disclosure of the key audit matters in non-financial companies of B3Determinantes da divulgação dos principais assuntos de auditoria nas companhias não financeiras da B3Relatório do AuditorPrincipais Assuntos de AuditoriaDeterminantesAuditor's ReportKey Audit MattersDeterminantsThis research analyzes the determinants of the quantity of key audit matters (KAM) reported in audit reports from 2016 to 2019 of the non-financial companies listed on B3. The longitudinal regression model for panel data - Poisson’s Log-Linear was applied to an annual sample of at least 272 companies, resulting in 1,198 reports and 3,295 KAM (dependent variable), considering as explanatory variables the aspects of the auditor, the auditee, and corporate governance mechanisms. The findings demonstrate that being audited by the big four is negatively associated with the quantity of KAM. This may be due to the big four or not reporting the same mean number of KAMs per company. Auditors of larger companies, less profitable and with greater operational risk, disclose more KAM, probably aiming to ensure their independence. The audit committees were not statistically significant, not impacting the quantity of KAM reported. The results contribute to the literature on factors that affect the disclosure of KAM in a non-European context (Bepari et al., 2022) with four years of data, and to companies, auditors, and regulatory and supervisory bodies, through Poisson’s multilevel regression, which is an appropriate approach for structured counting data in clusters of relatively similar observations (panels). This advances the studies by Ferreira and Morais (2020) and Guedes et al. (2021), who used ordinary least squares (OLS), and Colares et al. (2020), who used the Chi-square test in one- or two-year analyses of characteristics that tend to establish the quantity of KAM in Brazil.Esta pesquisa analisa os determinantes da quantidade de principais assuntos de auditoria (PAA) reportados nos relatórios de auditoria no período de 2016 a 2019 das empresas não financeiras listadas na B3. Aplicou-se o modelo longitudinal de regressão para dados em painel - Log-Linear de Poisson, para uma amostra anual de no mínimo 272 companhias, resultando em 1.198 relatórios e 3.295 PAA (variável dependente), considerando como variáveis explicativas os aspectos do auditor, do auditado e mecanismos de governança corporativa. Os achados demonstram que ser auditado por big four está negativamente associado ao quantitativo de PAA. Isso pode ocorrer devido as big four ou não relatarem mesmo número médio de PAA por companhia. Auditores de empresas maiores, menos rentáveis e, com maior risco operacional divulgam mais PAA, provavelmente visando assegurar sua independência. Os comitês de auditoria não foram estatisticamente significativos, não impactando na quantidade de PAA reportados. Os resultados contribuem com a literatura sobre fatores que afetam a divulgação de PAA em um contexto não europeu (Bepari et al., 2022) com quatro anos de dados, e às empresas, auditores e órgãos de regulação e supervisão, por meio da regressão multinível de Poisson, que é uma abordagem adequada para dados de contagem estruturados em clusters de observações relativamente similares (painéis). Isso avança os estudos de Ferreira e Morais (2020) e Guedes et al. (2021) que utilizaram ordinary least squares (OLS) e Colares et al. (2020) que empregou o teste Qui-quadrado em análises de um ou dois anos de características que tendem a estabelecer a quantidade de PAA no Brasil.Conselho Regional de Contabilidade de Santa Catarina2023-07-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdftext/xmlhttps://revista.crcsc.org.br/index.php/CRCSC/article/view/339010.16930/2237-766220233390Revista Catarinense da Ciência Contábil; Vol. 22 (2023): RCCC; e3390Revista Catarinense da Ciência Contábil; v. 22 (2023): RCCC; e33902237-76621808-378110.16930/2237-76622023reponame:Revista Catarinense da Ciência Contábil (Online)instname:Conselho Regional de Contabilidade de Santa Catarina (CRCSC)instacron:CRCSCporenghttps://revista.crcsc.org.br/index.php/CRCSC/article/view/3390/2543https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390/2544https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390/266510.16930/2237-766220233390110.16930/2237-7662202333902Copyright (c) 2023 Revista Catarinense da Ciência Contábilhttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessDal Bem Venturini, Lauren Alberto Barbetta, PedroAlonso Borba, JoséFlach, Leonardo2024-08-26T13:04:30Zoai:ojs.pkp.sfu.ca:article/3390Revistahttp://www.atena.org.br/revista/ojs-2.2.3-06/index.php/crcscPRIhttp://revista.crcsc.org.br/revista/ojs-2.2.3-06/index.php/CRCSC/oai||revista@crcsc.org.br2237-76621808-3781opendoar:2024-08-26T13:04:30Revista Catarinense da Ciência Contábil (Online) - Conselho Regional de Contabilidade de Santa Catarina (CRCSC)false |
dc.title.none.fl_str_mv |
Determinants for disclosure of the key audit matters in non-financial companies of B3 Determinantes da divulgação dos principais assuntos de auditoria nas companhias não financeiras da B3 |
title |
Determinants for disclosure of the key audit matters in non-financial companies of B3 |
spellingShingle |
Determinants for disclosure of the key audit matters in non-financial companies of B3 Dal Bem Venturini, Lauren Relatório do Auditor Principais Assuntos de Auditoria Determinantes Auditor's Report Key Audit Matters Determinants |
title_short |
Determinants for disclosure of the key audit matters in non-financial companies of B3 |
title_full |
Determinants for disclosure of the key audit matters in non-financial companies of B3 |
title_fullStr |
Determinants for disclosure of the key audit matters in non-financial companies of B3 |
title_full_unstemmed |
Determinants for disclosure of the key audit matters in non-financial companies of B3 |
title_sort |
Determinants for disclosure of the key audit matters in non-financial companies of B3 |
author |
Dal Bem Venturini, Lauren |
author_facet |
Dal Bem Venturini, Lauren Alberto Barbetta, Pedro Alonso Borba, José Flach, Leonardo |
author_role |
author |
author2 |
Alberto Barbetta, Pedro Alonso Borba, José Flach, Leonardo |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Dal Bem Venturini, Lauren Alberto Barbetta, Pedro Alonso Borba, José Flach, Leonardo |
dc.subject.por.fl_str_mv |
Relatório do Auditor Principais Assuntos de Auditoria Determinantes Auditor's Report Key Audit Matters Determinants |
topic |
Relatório do Auditor Principais Assuntos de Auditoria Determinantes Auditor's Report Key Audit Matters Determinants |
description |
This research analyzes the determinants of the quantity of key audit matters (KAM) reported in audit reports from 2016 to 2019 of the non-financial companies listed on B3. The longitudinal regression model for panel data - Poisson’s Log-Linear was applied to an annual sample of at least 272 companies, resulting in 1,198 reports and 3,295 KAM (dependent variable), considering as explanatory variables the aspects of the auditor, the auditee, and corporate governance mechanisms. The findings demonstrate that being audited by the big four is negatively associated with the quantity of KAM. This may be due to the big four or not reporting the same mean number of KAMs per company. Auditors of larger companies, less profitable and with greater operational risk, disclose more KAM, probably aiming to ensure their independence. The audit committees were not statistically significant, not impacting the quantity of KAM reported. The results contribute to the literature on factors that affect the disclosure of KAM in a non-European context (Bepari et al., 2022) with four years of data, and to companies, auditors, and regulatory and supervisory bodies, through Poisson’s multilevel regression, which is an appropriate approach for structured counting data in clusters of relatively similar observations (panels). This advances the studies by Ferreira and Morais (2020) and Guedes et al. (2021), who used ordinary least squares (OLS), and Colares et al. (2020), who used the Chi-square test in one- or two-year analyses of characteristics that tend to establish the quantity of KAM in Brazil. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-07-31 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390 10.16930/2237-766220233390 |
url |
https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390 |
identifier_str_mv |
10.16930/2237-766220233390 |
dc.language.iso.fl_str_mv |
por eng |
language |
por eng |
dc.relation.none.fl_str_mv |
https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390/2543 https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390/2544 https://revista.crcsc.org.br/index.php/CRCSC/article/view/3390/2665 10.16930/2237-7662202333901 10.16930/2237-7662202333902 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2023 Revista Catarinense da Ciência Contábil https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2023 Revista Catarinense da Ciência Contábil https://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf text/xml |
dc.publisher.none.fl_str_mv |
Conselho Regional de Contabilidade de Santa Catarina |
publisher.none.fl_str_mv |
Conselho Regional de Contabilidade de Santa Catarina |
dc.source.none.fl_str_mv |
Revista Catarinense da Ciência Contábil; Vol. 22 (2023): RCCC; e3390 Revista Catarinense da Ciência Contábil; v. 22 (2023): RCCC; e3390 2237-7662 1808-3781 10.16930/2237-76622023 reponame:Revista Catarinense da Ciência Contábil (Online) instname:Conselho Regional de Contabilidade de Santa Catarina (CRCSC) instacron:CRCSC |
instname_str |
Conselho Regional de Contabilidade de Santa Catarina (CRCSC) |
instacron_str |
CRCSC |
institution |
CRCSC |
reponame_str |
Revista Catarinense da Ciência Contábil (Online) |
collection |
Revista Catarinense da Ciência Contábil (Online) |
repository.name.fl_str_mv |
Revista Catarinense da Ciência Contábil (Online) - Conselho Regional de Contabilidade de Santa Catarina (CRCSC) |
repository.mail.fl_str_mv |
||revista@crcsc.org.br |
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