Frequency of KAMs

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Fiscal year 2017 marks the first full year that key audit matter (KAM) disclosures were required in all European Union member states. In this article, Audit Analytics analyzes KAM disclosures from the audit opinions of approximately 1,400 companies listed on European Stock Exchanges, focusing on select large-, mid-, and small- cap indexes for 2017 and 2018.

The article includes a graph depicting the frequency and number of KAMs disclosed in 2017 and 2018, illustrating that the most common number of KAMs disclosed in both years was two (32% in 2018 and 29% in 2017). Companies disclosing three KAMs weren’t far behind, with a frequency of 28% in 2018 and 27.5% in 2017.

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