Study on Key Audit Matters—Take the Case of Fuyao Glass

Abstract

The content of audit information has always been a major issue in the field of audit research. However, most of the studies did not specify the information content of the standard unqualified audit opinion.At the end of 2016, following the international trend, MOF approved the issuance of 12 guidelines such as "CSA No. 1504 - Communicating Key Audit Matters in the Audit Report". The implementation of this new CSA No. 1504 standard has, to some extent, improved the poorness of the original audit information. This article explores the audit information content under the new guidelines through case studies. From the content point of view, the new guidelines improve the audit information content and enhance the transparency of audit information.