...Beng Wee Goh; Jimmy Lee; Dan Li; Muzhi Wang SUMMARY This study examines whether the key audit matters (KAMs) disclosed in expanded audit reports as a part of recent regulatory reforms are informative for investors in an emerging economy setting. Using the recent adoption of expanded audit reports...

...Ole-Kristian Hope; Heng Yue; Qinlin Zhong SUMMARY This paper examines whether and how firms’ engagement in related-party transactions (RPTs) is shaped by public communication of audit risks as required by the expanded audit report. Using the phased regulatory changes in China and a difference...

...Jean Bédard; Nathalie Gonthier-Besacier; Alain Schatt SUMMARY Since 2003, French auditors must disclose justifications of assessments (JOAs) in expanded audit reports. Like critical audit matters recently introduced in the U.S., and key audit matters introduced by international standard setters...