Abstract

In this study, we conducted a survey analysis on the external audit conducted information on the audit report applied from the year 2014 to the information provider, auditors and information users, identified usability and reliability, and derived the issues and improvement of such institutions. It was looked at by dividing respondents by type, such as information writers which are the accounting firms(Big4, Non－big4 accounting firms) and information users which are the supervision authority and external users to investigate the reliability of usability of the external audit contents, and in most survey questions the difference between the results shown by type was derived. In terms of usability and usefulness of the information, it has generally higher scores in large accounting firms and the supervisory authority, however, in the case of small accounting firms which have anticipated the difficulty in making information have a different and opposite recognition. Large accounting firm and the supervisory authority thought the benefits of the disclosure higher than small accounting firms. Supervisory authorities and external users are in favor of the key audit but the accounting firms showed a negative feedback. In the surveys to derive the problems and improvement of the external audit contents, the results showed the primary reasons cited a need to improve disclosure information display system are the inaccuracies of disclosure information and the lack of uniformity of disclosure ways. As an overall result, it is necessary to improve the items which is difficult to tell exactly what to disclose such as external audits conducted on－site audits in order to improve the usefulness of external audit contents. If inaccurate information is disclosed, the reliability of information can rather be reduced, so it is desirable that it may incorporate a whole information and improve the comparability to unify disclosure information. The introduction the disclosure of Key Audit Matters which disclose the behavior and auditing procedures can achieve the purpose of the introduction of this system.

Keywords

• external audit contents
• key audit matter
• report of audit
• accounting firm
• disclosure

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