“…Of particular importance, disclosure of key audit matters (CAS 701) and identification of the engagement audit partner (CAS 700.46) potentially provides useful information for financial statement users. In regard to the former, recent behavioral research has questioned how key audit matter disclosures impact auditor legal liability, by examining juror JDM (e.g., Brasel, Doxey, Grenier, and Reffett, ; Gimbar, Hansen, and Ozlanski, ). However, it is unclear how auditors decide which key audit matters are to be discussed in the audit report, how to disclose complex information for financial statement users, whether such information is interpretable and useful for financial statement users, and how firm quality control procedures (e.g., legal counsel) may interact with the transparency of the key audit matter disclosures.…”