Análisis del valor comunicativo de los informes de auditoría españoles tras la inclusión de las cuestiones clave de auditoría

  1. María Antonia García Benau 1
  2. Laura Nieves Sierra García 2
  3. Nicolás Gambetta Lopassio 3
  1. 1 Universitat de València

    Universitat de València

    Valencia, España


  2. 2 Universidad Pablo de Olavide

    Universidad Pablo de Olavide

    Sevilla, España


  3. 3 Universidad Ort Uruguay

    Universidad Ort Uruguay

    Montevideo, Uruguay


Estudios financieros. Revista de contabilidad y tributación: Comentarios, casos prácticos

ISSN: 1138-9540

Year of publication: 2022

Issue: 466

Pages: 167-196

Type: Article

More publications in: Estudios financieros. Revista de contabilidad y tributación: Comentarios, casos prácticos


Índice Dialnet de Revistas

(Indicator corresponding to the last year available on this portal, year 2021)
  • Year 2021
  • Journal Impact: 0.160
  • Field: DERECHO Quartile: C2 Rank in field: 148/351
  • Field: DERECHO FINANCIERO Y TRIBUTARIO Quartile: C2 Rank in field: 6/19
  • Field: ECONOMÍA Quartile: C3 Rank in field: 71/163


  • Social Sciences: D


In recent years the content of the audit report has evolved significantly. Spain, through the NIAES, has established the standards that regulate its content, contemplating the incorporation of a section that reports on the most significant risks that have attracted the auditor's attention. In this research we study whether the inclusion of the key audit matters (KAM) has had a real impact on the quality of the audit, proxied by the communicative value of the audit report. Specifically, we analyze the readability of the risks linked to the KAM and whether the client and audit firm’s characteristics determine this readability. The results of our empirical study, based on the Ibex 35 companies for the period 2017-2019 (the period in which these new regulations came into force in Spain), show that the readability is low in both, the description of the risks and the description of the audit procedures performed by the auditor to address them. The most relevant readability determinant of the KAM is the audit firm. The incumbent audit firm, the change of auditor and the industry specialization also affect the KAM readability. This research shows that work must be done to improve the clarity of the auditor's report, which will have an impact on the user’s understanding of the content of the audit report. Therefore, the conclusions of this research are of great relevance for regulators, the practice and the academia.

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