PENGARUH PENGUNGKAPAN HAL AUDIT UTAMA (HAU) TERHADAP AUDIT FEE DITINJAU DARI TATA KELOLA PERUSAHAAN (Studi Kasus pada 24 Perusahaan Multinasional di Bursa Efek Indonesia Tahun 2022-2023)

Abstract

This study was conducted to tests the effect of the disclosure of Key Audit Matters (KAMs) on audit fees by adding corporate governance as moderation variables that proxied by board size and independence of the board, also adding control variables such as firm size, beta, and ROE (Return on Equity). This study is a replication of the research of Elmarzouky, M., Hussainey, K., Abdelfattah., T. (2023) which is updated by using a sample of multinational companies on Indonesia Stock Exchange in 2022-2023.

This study uses secondary data with samples taken using double sampling techniques. The final sample obtained was 24 multinational companies listed on Indonesia Stock Exchange in 2022-2023 with a total of 48 observations. This study uses panel data regression analysis and moderated regression analysis method in Eviews 13 application to test the hypothesis about effect of KAMs disclosure on audit fees and effect of board size and independence of the board in moderating the relationship between KAM disclosure and audit fees.

The results showed that KAM disclosure was able to increase the amount of audit fees due to increased auditor efforts in analyzing  more risk topics. On the other side, the size and independence of the board of commissioners are unable to moderate relationship between KAM disclosure and audit fees due to their potential ineffectiveness in carrying out the supervisory function of company management.