Behavioral characteristics in the disclosure of main matters in the audit reports of the banks listed on b3-Brazil stock exchange
International Journal of Development Research
Behavioral characteristics in the disclosure of main matters in the audit reports of the banks listed on b3-Brazil stock exchange
Received 14th June, 2022; Received in revised form 29th June, 2022; Accepted 24th July, 2022; Published online 17th August, 2022
Copyright © 2022, Hildo Mário Batista Alcântara et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The literature indicates that the auditor's behavioral characteristics related to the national culture in which he is inserted can influence the disclosure of main audit matters (PAA). This article aims to investigate whether the cultural influence of Brazilian auditors identified through the cultural dimensions of Hofstede (2001) influences the number of main audit matters disclosed by auditors of banks listed on B3. Data collection took place through accounting and financial information extracted from Economática, independent audit reports for the periods ended December 31, 2016 to December 31, 2020 and the tool that assesses the cultural dimensions of countries called Hofstede Insights. The statistical treatment was by multiple linear regressions using the Ordinary Least Squares Method (OLS). Average of 4 PAAs were reported per company, 97% of the sample was audited by Big Four companies. The results indicated that there is no statistical significance regarding the Power Distance (PDI), Uncertainy Avoidance (UAI) and Individualism (IDV) dimensions in relation to the number of main audit matters (PAA) disclosed by the auditors.
