A-Share Transportation Listed Company Research On Disclosure Of Key Audit Matters

Although the traditional form of audit report has clear opinions and intuitive and concise expressions,this "binary" standard audit report is usually the same,the information disclosure is lack of personalized,and cannot meet the needs of users’ decision-making.In order to maintain the healthy operation of the capital market,the Ministry of Finance promulgated the "No.1504 Auditing Standard" at the end of 2016.It is required to add key audit items in the audit report,among which the "A+H" share listed companies will take the lead in the implementation from the beginning of 2017,and other listed entities will start to fully implement it from the beginning of 2018.The important role of the revised standards is to improve the transparency of audit work,improve the information content of reports,and make them present more personalized content to meet the needs of report users.In order to observe the effect of policy implementation,this paper selects 124 listed companies in the A-share transportation industry as research objects and analyzes and compares the disclosure of key audit matters in their 2017-2021 audit reports.Firstly,statistical analysis is made from the quantity,characteristics and content of disclosure.And further comparative analysis of the industry environment and policy,the industry status of the company,the type of audit opinion and the type of firm on the disclosure content of the impact.Secondly,8 enterprises with typical significance are selected for in-depth research,the problems exposed in their disclosure and causes are analyzed,and the corresponding improvement countermeasures are proposed.The research shows that there are some problems in the audit reports of listed companies in the A-share transportation industry,such as insufficient disclosure quantity,inconsistent presentation of audit results,lack of quantitative importance benchmark and serious information homogenization.These problems can be addressed in a variety of ways,from refining standards and application guidance requirements,setting benchmarks for quantified matters,advocating auditor disclosure of audit results,and enhancing "personalized" disclosure.The contribution of this paper is to investigate the current situation of disclosure of A-share transportation industry,observe the effect of policy implementation,and lay A certain foundation for deepening the reform of audit report.At the same time,it provides a certain theoretical support for auditors to implement the standards effectively in practice and continuously disclose valuable information.