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| Auditors IT Background and the Disclosure Decisions of Key Audit Matters |
| YAO Youfu |
| School of Accountancy, Guizhou University of Finance and Economics |
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Abstract: Under the transformation of audit practice ability driven by the advancement of digital technology, the practice effect of auditors with information technology (IT) expertise becomes more important. Taking Chinese A-share listed firms from 2016 to 2020 as our samples, this paper explores the impact of auditors IT background on the disclosure decisions of key audit matters (KAMs). The empirical results show that the auditors with IT professional background has a positive effect on the disclosure of KAMs, which reflect in reporting more digital-related KAMs and digital risk matching-related KAMs, and this positive effect is more pronounced in the office level. Furthermore, the empowerment effect of IT auditors on the risk control decisions of KAMs is more significant in the response of KAMs without using the technical experts work and the firms with high degree of digital transformation. In addition, the impact mechanism shows that the IT auditors expertise improves audit efficiency. This paper enriches the research on the decision-making value of KAMs disclosure in the new audit reports from the perspective of IT auditors, and provides an important reference for the cultivation of digital capabilities of human capital in audit firms under the digital economy era.
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Received: 03 March 2023
Published: 15 April 2023
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2023, Vol. 43 
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