The Relationship between Key Audit Matters and Firm Value of SET 100
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Abstract
The aim of this study is to explore the relationship between the issues reported as key audit matters in the auditor's report and the firm value measured by Tobin's Q concept. Samples includes listed companies on the Stock Exchange of Thailand, SET 100 during 2019 - 2021. Both descriptive statistics and multiple regressions are employed as data analysis. The results showed that the impairment of goodwill and accounts receivable had a superior presentation with other key audit matters. Based on the relationship analysis between firm value and the issues reported as key audit matters including all control variables, multiple regression analysis demonstrates the most appropriate relationship of key audit matters and firm value, representing revenue recognition, allowance for impairment of goodwill and liability provisions in a positive effect, while the accounts receivable has a negative effect with the firm value. The results of this study show the important value of audit reports. This is beneficial to investors as well as other stakeholders in making investment decisions.
Article Details
เนื้อหาและข้อมูลในบทความที่ลงตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นข้อคิดเห็นและความรับผิดชอบของผู้เขียนบทความโดยตรงซึ่งกองบรรณาธิการวารสารไม่จำเป็นต้องเห็นด้วยหรือร่วมรับผิดชอบใด ๆ
บทความ ข้อมูล เนื้อหา รูปภาพ ฯลฯ ที่ได้รับการตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นลิขสิทธิ์ของวารสารสภาวิชาชีพบัญชี หากบุคคลหรือหน่วยงานใดต้องการนำข้อมูลทั้งหมดหรือบางส่วนไปเผยแพร่ต่อหรือเพื่อกระทำการใดๆ จะต้องได้รับอนุญาตเป็นลายลักษณ์อักษรจากวารสารสภาวิชาชีพบัญชี ก่อนเท่านั้น
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