A Key Audit Matter (KAM) is a matter considered most significant during an audit. Our study examines AC members' response to a draft KAM tabled by auditors at an AC meeting. Drawing on research on cognitive effect we examine whether AC members react differently when a draft KAM is more or less...

We investigate the justifications provided by the Public Company Accounting Oversight Board (PCAOB) when sanctioning audit firms and individual auditors, as disclosed in the publicly released Settled Disciplinary Orders (SDOs). Employing responsive regulation theory, we seek to gain an...