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A systematic literature review on determinants of key audit matters disclosure: an international perspective
Journal article   Open access   Peer reviewed

A systematic literature review on determinants of key audit matters disclosure: an international perspective

Anojan Vickneswaran
International Journal of Disclosure and Governance, Vol.Advanced access
29-Jan-2026
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s41310-026-00356-01.68 MBDownloadView
Published Version (Advanced Access) Open Access CC BY V4.0

Abstract

key audit matters critical audit matters auditor-related characteristics client-related characteristics corporate governance characteristics
This Systematic Literature Review (SLR) synthesises existing research on the determinants of Key Audit Matters (KAMs)/Critical Audit Matters (CAMs) disclosure across three key dimensions: auditor-related, client-related, and corporate governance characteristics, and identifies directions for future research. This study employed the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines to review the existing primary and secondary data studies on determinants of KAMs disclosure. Using the Scopus database and some other selection criteria, I reviewed 49 published research articles from 2016 to 2024. This SLR highlights that auditor-related characteristics (audit firm size, audit fees, non-audit fees, auditor tenure, auditor gender, and audit partner/audit firm rotations), client-related characteristics (firm size, age, complexity, financial health, performance, and industry), and corporate governance characteristics (audit committee size, audit committee gender diversity, audit committee expertise, board independence and board gender diversity) significantly determine KAMs disclosure, including its number, types, length, and readability. The review also identifies some future research opportunities, particularly cross-country investigations across diverse legal and institutional settings, as well as further exploration of underexamined auditor-related determinants (non-audit fees, gender, joint assurance), and corporate governance determinants (board size, board independence, audit committee independence, and institutional factors) of KAMs disclosure. This SLR offers practical implications for users of audited financial statements to enhance the quality and transparency of KAMs disclosures by highlighting some of its key determinants.

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