The Inhibitory Effect of Key Audit Matters Disclosure on Abnormal Perks of Management
This paper examines the impact of disclosure of key audit matters on the abnormal perks of management.Research has found that the more key audit matters disclosed in a company's previous year audit report,the less abnormal perks in the current year,indicating that disclosure of key audit matters can suppress abnormal perks of management.Further researches has found that the inhibitory effect is more pronounced in companies with higher text readability and lower text similarity of key audit matters.In addition,this effect is more prominent in the audits of the top ten accounting firms and companies with lower customer importance.In addition,this paper found that the inhibitory effect of disclosure of key audit matters on abnormal perks is particularly significant in companies without analyst tracking and smaller supervisory board.Finally,this article found that the disclosure of key audit matters in the previous year led to a decrease in abnormal perks,resulting in an improvement in the earnings quality of companies in the current year.
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