Study On Disclosure Of Key Audit Matters Of Listed Companies In Animal Husbandry Companies

In order to improve the information content of audit reports,China issued new auditing standards with additional key audit matters in 2016,partially piloted them in 2017 and started full implementation in 2018.In the process of figuring out the practice,certified public accountants have shown large differences in the implementation of the new auditing standards,and the disclosure of key audit matters of listed companies in various industries has revealed many problems.Animal husbandry is inseparable from people’s daily lives,and not only investors,but also other stakeholders and even the general public want to obtain information about the production and operation of enterprises through audit reports,which requires key audit matters to be professional and understandable at the same time.Therefore,this paper takes listed companies in animal husbandry as the object to study how to effectively disclose critical audit matters,and broadens the research perspective by segmenting the industry to enrich the research results of critical audit matters.This paper first describes the key audit matters disclosed in the 2017-2021 audit reports of 18 listed companies in animal husbandry from three aspects: disclosure form,disclosure quantity,and disclosure content,and then the key audit matters of different types disclosed by Western Animal Husbandry were analyzed with focus one by one,followed by the analysis from the perspective of comprehensibility and incremental information,and it was found that there were problems in the disclosure of its key audit matters,such as the small number of disclosures,the lack of standardized disclosure format,boilerplate descriptions,and the lack of characteristics of disclosure content,etc.The reasons for the problems were analyzed immediately from the perspective of certified public accountants,accounting firms,auditees and external regulators.Finally,after the previous case analysis,we propose improvement suggestions and countermeasures for the problems of disclosure of key audit matters in listed companies in the animal husbandry from the perspectives of the ability of certified public accountants,the management of accounting firms,the internal system of audited units,and the supervision of relevant institutions,respectively.