The homogeneity of BIG4 audit reports after the implementation of key audit matters in the context of fair value accounting

This study examines the homogeneity of BIG4 audit reports after implementing key matters (KAMs) in context fair value accounting. We focus on reported KAMs and procedures related to values investment properties, particularly those challenging management's estimations valuation specialists' use. Our data consist 235 individual from real estate sector 2017 2018 cover 60% listed companies EU, Switzerland, Norway. found that firms are not homogenous their reports. There is a statistically significant difference among reporting challenge management estimates number procedures. also country's legal origin plays role when auditors report KAMs. findings contribute current quality literature.