Author(s)

Wang Shuo ¹, Yunkai Wang ¹, Chunling Liu ²

Affiliation(s)

¹ School of Management, Beijing Union University, Beijing, China
² Graduate Studies Office, Beijing Union University, Beijing, China

Corresponding Author

Chunling Liu

ABSTRACT

The disclosure of Key Audit Matters (KAMs) in audit reports not only provides more detailed and scientific operational guidance for audit practice but also imposes stricter standards on the overall regulation of the audit industry and the professional competence of auditors, marking the industry's entry into a new phase of development. This study employs text analysis and comparative research methods to conduct an in-depth analysis of the key audit matters paragraphs in audit reports issued by Lixin Certified Public Accountants (hereinafter referred to as "Lixin") for listed logistics companies from 2017 to 2024. The study finds that Lixin's KAM disclosures suffer from insufficient quantity, highly concentrated types, and high textual similarity, resulting in limited disclosure quality and incremental information. Based on these findings, this paper proposes countermeasures from the perspectives of firm quality control, auditor competency enhancement, and industry regulation. These include establishing dynamic disclosure standards, optimizing audit working paper design, and strengthening review and assessment mechanisms. The aim is to enhance the decision usefulness of key audit matter disclosures, providing audit-level references to safeguard the healthy development of the logistics industry.

KEYWORDS

Key Audit Matters, Lixin Certified Public Accountants, Logistics Industry, Disclosure Quality

CITE THIS PAPER

Wang Shuo, Yunkai Wang, Chunling Liu, Research on Disclosure of Key Audit Matters for Listed Companies in the Logistics Industry by Lixin Certified Public Accountants. Accounting, Auditing and Finance (2025) Vol. 6: 22-29. DOI: http://dx.doi.org/10.23977/accaf.2025.060204.

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