EXPLORING THE DRIVERS FOR THE NUMBER OF KAM DISCLOSURES: EVIDENCE FROM TÜRKİYE

Abstract

The aim of this study is to examine the number of Key Audit Matters (KAMs) disclosed by companies listed on the BIST 100 Index and to analyze the auditor-specific and auditee-specific factors that influence this number. Data were collected from the companies’ audit reports and consolidated financial statements for the 2024 fiscal year, and a linear regression model was employed to analyze the data. The study hypothesizes that the type of audit firm, auditor gender, audit opinion, business complexity, profitability, size, and leverage are the factors that may affect the number of KAMs. The results show that auditor gender, auditee size, and profitability are significantly related to the number of KAMs disclosed, whereas no significant relationships are found for audit firm type, audit opinion, business complexity, and leverage. Accordingly, the study contributes to the auditing literature by providing empirical evidence on the determinants of KAM disclosures in an emerging market context.