In the United States, audit firms of large accelerated filers with fiscal years ending on or after June 30, 2019, are required to disclose critical audit matters (CAMs) in their audit reports. For 53 of these large accelerated filers that are also listed on European exchanges, key audit matters (KAMs) have already been required across Europe for over a year and a half.

In this article, Audit Analytics examines similar trends between CAMs and KAMs cited by large accelerated filers cross-listed on U.S. and European Exchanges.