本研究以2016年至2021年排除金融業之台灣公開發行上市(櫃)公司作為研究樣本，觀察公司流動性之高低是否會影響會計師揭露與流動性相關之關鍵查核事項，並以公司財務報表發布日後第30個交易日之股票價格觀察是否具有價值攸關性。實證結果顯示，當會計師揭露與流動性相關之關鍵查核事項，其項目數和字數的多寡與公司本身之流動性並無顯著關係，表示流動性之高低並不影響會計師判斷是否揭露與流動性相關關鍵查核事項之數量。研究發現，當會計師揭露與流動性相關之關鍵查核事項時，與公司後續股價波動並無顯著關係，表示兩者之間不具備價值攸關性，不影響投資人繼續持有或拋售公司股票之投資決策，係支持過去認為關鍵查核事項沒有增進資訊價值之文獻。

This study utilizes Taiwan's publicly listed (excluding the financial industry) companies from 2016 to 2021 as the research sample to observe whether the level of corporate liquidity affects accountants' disclosures of liquidity-related key audit matters. Additionally,it investigates the value relevance by observing the stock price 30 days after the financial statement release date. The empirical results indicate that the number of items and word count of liquidity-related key audit matters disclosed by accountants do not significantly correlate with the company's own liquidity. This suggests that the level of liquidity does not influence accountants' judgment in disclosing liquidity-related key audit matters. Furthermore, the study finds no significant relationship between subsequent stock price volatility and accountants' disclosure of liquidity-related key audit matters, implying the absence of value relevance between the two. This indicates that these factors do not impact investors' decisions to continue holding or selling company stocks, supporting previous literature that argued key audit matters do not enhance informational value.

財團法人中華民國會計研究發展基金會(2022)，審計準則第700號財務報表查核報告。

財團法人中華民國會計研究發展基金會(2022)，審計準則第701號查核報告中關鍵查核事項之溝通。

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