“…Whereas some archival and survey studies have investigated the impact of KAMs on the information content of expanded audit reports (Boolaky & Quick, 2016;Guttierez, Minutti-Meza, Tatum, & Vulcheva, 2018;Lennox, Schmidt, & Thompson, 2018;Reid, Carcello, Li, & Neal, 2018) and on auditor liability (for a review, see Gimbar, Hansen, & Ozlanski, 2016), only a few studies have analyzed the impact of the new auditor reporting requirement on the process of the audit itself -for exceptions, see Fuller (2015) and Cade and Hodge (2014); and for a comprehensive review of the current research, see Bédard, Coram, Espahbodi, and Mock (2016).…”