Liao, Lin; Sharma, Divesh; Yang, Yitang (Jenny); Zhao, Rui - 2021
We examine whether the mandate to disclose key audit matters (KAMs) affects firm-specific stock price crash risk in China. Auditors in China are required to issue an expanded audit report that contains KAMs for AH-share companies, effective January 1, 2017, and for A-share companies, effective...