THE IMPACT OF KEY AUDIT MATTERS DISCLOSURE ON COMMUNICATIVE VALUE OF THE AUDITOR’S REPORT: A SYSTEMATIC LITERATURE REVIEW

Budhi Setiya Yoga, Agung Dinarjito

Abstract


Abstract

This research aims to discuss whether the disclosure of key audit matters (KAM) increases the communicative value of the auditor’s report. It also examines factors that need to be considered related to KAM disclosure. It is carried out in connection with the issuance of the Exposure Draft of Indonesia Audit Standard (AS) 701 on ”Pengomunikasian Hal Audit Utama dalam Laporan Auditor Independen” which was adopted from the International Standard on Auditing 701. In Indonesia, no research was found yet related to this topic. By conducting a systematic literature review of the latest articles from 2012 to 2021, this study found that KAM disclosure increases the communicative value of the auditor’s report, which is useful for report users in their decision-making. This study also informed specific areas that were often disclosed as KAM and provided information related to the factors that can decrease the communicative value of KAM disclosure. The results support the plan of AS 701 implementation in Indonesia because it will increase the communicative value of the auditor’s report. This study will be of interest to auditors in preparing the implementation of AS 701, report users in understanding KAM disclosure, and regulators as initial infor­mation regarding KAM disclosure to support their duties when AS 701 has been effectively implemented in Indonesia.

Abstrak

Penelitian ini bertujuan untuk membahas apakah pengungkapan key audit matters (KAM) meningkatkan nilai komunikatif laporan auditor dan untuk meneliti hal-hal yang perlu di­perhatikan sehubungan dengan pengungkapan KAM. Penelitian dilakukan sehubungan dengan terbitnya Draf Eksposur Standar Audit (SA) 701 tentang Pengomunikasian Hal Audit Utama dalam Laporan Auditor Independen yang mengadopsi International Standard on Auditing 701. Di Indonesia, Peneliti belum menemukan penelitian terdahulu terkait topik ini. Dengan melakukan tinjauan literatur sistematis (systematic literature review) atas artikel terkini sejak 2012 sampai 2021, penelitian ini menemukan bahwa pengungkapan KAM meningkatkan nilai komunikatif laporan auditor yang berguna bagi pengguna laporan dalam pengambilan keputusannya. Selain itu, penelitian ini menginformasikan area-area spesifik yang penting untuk diungkapkan sebagai KAM. Penelitian ini juga memberikan informasi terkait faktor-faktor yang dapat menurunkan nilai komunikatif pengungkapan KAM. Hasil dari penelitian ini mendukung rencana implementasi SA 701 di Indonesia sebab hal tersebut akan meningkatkan nilai komunikatif dari laporan auditor. Penelitian ini juga bermanfaat bagi auditor dalam mempersiapkan implementasi SA 701, bagi pengguna laporan dalam memahami pengungkapan KAM, dan bagi regulator sebagai informasi awal terkait pengungkapan KAM untuk mendukung pelaksanaan tugasnya ketika SA 701 telah efektif diimplementasikan di Indonesia.



Keywords


key audit matters; ISA 701; auditor’s report; communicative value; report users; key audit matters; ISA 701; laporan auditor; nilai komunikatif; pengguna laporan

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