Contemporary Issues on Auditing and Financial Reporting

Dear Colleagues,

In this Special Issue, we are interested in bringing together rigorous manuscripts that advance auditing and financial reporting research. We invite manuscripts featuring original research that complements our understanding of the impact of the financial reporting or auditing standards on accounting and financial reporting practices, corporate governance, and investor and stakeholder’s decisions.

We call for manuscripts that deal with all aspects related to the impact of International Financial Reporting Standards (IFRS) and the International Standards on Auditing (ISA) on the reporting quantity and quality, voluntary and mandatory disclosure, and the qualitative characteristics of annual reports such as tone, readability, reporting practice, and stakeholders’ decisions.

The auditing environment has been changing rapidly. The new dynamic change in the International Standards such as: ISA 701, ISA 705, ISA 570 (revised), ISA 720 (revised) has formed a new shape for audit processing and reporting. There is also a significant change in the audit market, investor expectation, financial reporting, and audit practice. We also call for manuscripts that focus on impacts of the new auditing standards ISA 700 and ISA 701 on the level of assurance provided to the stakeholders, audit quality, audit cost and reporting quality.

Studies can be applied to one of the following:

• ISA 700: The extended audit report.;
• ISA 701: New Key Audit matters section, critical audit matters;
• Isa 705 (revised): Modification to the auditors’ opinions;
• ISA 570 (revised): Enhancing auditor reporting related to going concern;
• ISA 720 (revised): “New other information” section;
• Systematic and comprehensive literature reviews;
• The new audit reporting and reporting quality;
• The new audit reporting and investor reaction;
• The new audit reporting and market reaction;
• The new audit reporting and audit cost and/or audit delay;
• The new audit reporting determinants and consequences (governance, audit committee, cost of debt, cost of equity, firm value, market value, etc.);
• Comparative cross-country studies on the new audit regime;
• The new audit report disclosure practice;
• The unintended consequences of the new audit reporting;
• How management reacts to the new audit form;
• How different stakeholders react to the new audit form;
• COVID-19 and the extended audit report;
• How the IFRS impact the reporting quantity and quality;
• Voluntary and mandatory disclosure;
• The qualitative characteristics of the annual report;
• IFRS and reporting practice;
• IFRS and stakeholders’ decisions;
• Costs and benefits of the extended audit report as a whole or any new sections added to it.

Dr. Mahmoud Elmarzouky
Prof. Dr. Khaled Hussainey
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

• Extended audit report
• Key audit matters
• Corporate narrative disclosure
• Financial reporting standards
• International standards of auditing
• Auditing quality.