Matches in SemOpenAlex for { <https://semopenalex.org/work/W3137025248> ?p ?o ?g. }
- W3137025248 abstract "This study examines the usefulness of new expanded audit report key audit matters (KAM) disclosures in assessing the level of financial distress present at a firm. Using KAM disclosures from a hand-collected sample of UK Premium-listed firms for 2013 to 2018, we explore the association between firm financial distress and the number, risk level, financial statement impact, and nature of disclosed KAMs. Our study expands on recent literature examining the use of audit report disclosures on financial distress prediction models as well as literature examining the utility of expanded auditor reporting. We find the greater the number of KAMs disclosed, the higher the financial distress level of a firm. Results also show the usefulness of KAMs in assessing financial distress levels increases when considering the level and nature of KAM(s) disclosed. Specifically, certain types of entity-level and individual account-level KAMs, as well as KAMs with a primary impact on a firm’s profitability and solvency, are more likely to be disclosed when firms face higher levels of financial distress. Our findings also suggest KAMs have predictive ability in assessing subsequent period financial distress levels. In all, evidence from this study suggests expanded auditor reports can help financial statement users assess and predict one of the main risks associated with a firm - the risk of failure." @default.
- W3137025248 created "2021-03-29" @default.
- W3137025248 creator A5004189253 @default.
- W3137025248 creator A5068244490 @default.
- W3137025248 creator A5076019392 @default.
- W3137025248 creator A5080907651 @default.
- W3137025248 date "2020-01-01" @default.
- W3137025248 modified "2023-10-18" @default.
- W3137025248 title "Are Key Audit Matter Disclosures Useful in Assessing Financial Distress?" @default.
- W3137025248 cites W1564844460 @default.
- W3137025248 cites W1898605064 @default.
- W3137025248 cites W1989243818 @default.
- W3137025248 cites W2018501639 @default.
- W3137025248 cites W2024263276 @default.
- W3137025248 cites W2037087037 @default.
- W3137025248 cites W2037657068 @default.
- W3137025248 cites W2059508550 @default.
- W3137025248 cites W2067814820 @default.
- W3137025248 cites W2080163739 @default.
- W3137025248 cites W2090332116 @default.
- W3137025248 cites W2091345819 @default.
- W3137025248 cites W2099222146 @default.
- W3137025248 cites W2101873550 @default.
- W3137025248 cites W2124532504 @default.
- W3137025248 cites W2128972091 @default.
- W3137025248 cites W2161625377 @default.
- W3137025248 cites W2232707789 @default.
- W3137025248 cites W2318977435 @default.
- W3137025248 cites W2323469645 @default.
- W3137025248 cites W2603448641 @default.
- W3137025248 cites W2617150740 @default.
- W3137025248 cites W2744805030 @default.
- W3137025248 cites W2782497041 @default.
- W3137025248 cites W2792738262 @default.
- W3137025248 cites W2801421082 @default.
- W3137025248 cites W2808270233 @default.
- W3137025248 cites W2856948048 @default.
- W3137025248 cites W2890573938 @default.
- W3137025248 cites W2904200191 @default.
- W3137025248 cites W2906051954 @default.
- W3137025248 cites W2916604713 @default.
- W3137025248 cites W2956916885 @default.
- W3137025248 cites W2974649893 @default.
- W3137025248 cites W3005533973 @default.
- W3137025248 cites W3009534040 @default.
- W3137025248 cites W3121241110 @default.
- W3137025248 cites W3122109296 @default.
- W3137025248 cites W3122135494 @default.
- W3137025248 cites W3122418122 @default.
- W3137025248 cites W3122632517 @default.
- W3137025248 cites W3123083350 @default.
- W3137025248 cites W3123890019 @default.
- W3137025248 cites W3124043523 @default.
- W3137025248 cites W3124197748 @default.
- W3137025248 cites W3127885327 @default.
- W3137025248 cites W3193046251 @default.
- W3137025248 cites W3197867617 @default.
- W3137025248 cites W3202887645 @default.
- W3137025248 cites W4200048592 @default.
- W3137025248 cites W4230034153 @default.
- W3137025248 cites W4239358106 @default.
- W3137025248 cites W4281732423 @default.
- W3137025248 doi "https://doi.org/10.2139/ssrn.3744282" @default.
- W3137025248 hasPublicationYear "2020" @default.
- W3137025248 type Work @default.
- W3137025248 sameAs 3137025248 @default.
- W3137025248 citedByCount "3" @default.
- W3137025248 countsByYear W31370252482022 @default.
- W3137025248 countsByYear W31370252482023 @default.
- W3137025248 crossrefType "journal-article" @default.
- W3137025248 hasAuthorship W3137025248A5004189253 @default.
- W3137025248 hasAuthorship W3137025248A5068244490 @default.
- W3137025248 hasAuthorship W3137025248A5076019392 @default.
- W3137025248 hasAuthorship W3137025248A5080907651 @default.
- W3137025248 hasConcept C121955636 @default.
- W3137025248 hasConcept C144133560 @default.
- W3137025248 hasConcept C162118730 @default.
- W3137025248 hasConcept C199521495 @default.
- W3137025248 hasConcept C26517878 @default.
- W3137025248 hasConcept C2984760201 @default.
- W3137025248 hasConcept C38652104 @default.
- W3137025248 hasConcept C41008148 @default.
- W3137025248 hasConcept C73283319 @default.
- W3137025248 hasConceptScore W3137025248C121955636 @default.
- W3137025248 hasConceptScore W3137025248C144133560 @default.
- W3137025248 hasConceptScore W3137025248C162118730 @default.
- W3137025248 hasConceptScore W3137025248C199521495 @default.
- W3137025248 hasConceptScore W3137025248C26517878 @default.
- W3137025248 hasConceptScore W3137025248C2984760201 @default.
- W3137025248 hasConceptScore W3137025248C38652104 @default.
- W3137025248 hasConceptScore W3137025248C41008148 @default.
- W3137025248 hasConceptScore W3137025248C73283319 @default.
- W3137025248 hasLocation W31370252481 @default.
- W3137025248 hasOpenAccess W3137025248 @default.
- W3137025248 hasPrimaryLocation W31370252481 @default.
- W3137025248 hasRelatedWork W1937783556 @default.
- W3137025248 hasRelatedWork W2381327865 @default.
- W3137025248 hasRelatedWork W2765736703 @default.
- W3137025248 hasRelatedWork W293545476 @default.
- W3137025248 hasRelatedWork W2970648770 @default.