Panel A: Descriptive statistics for the key audit matter description paragraph

Variable

N

Mean

Sd

Min

P50

Max

Length

14,899

258.572

111.756

26

239

2881

Specificity1

14,899

33.210

21.354

0

30

477

Specificity2

14,899

0.134

0.071

0

0.126

0.610

Ind spec

14,899

0.438

0.496

0

0

1

Panel B: Descriptive statistics for the key audit matter response paragraph

Variable

N

mean

sd

min

p50

max

Length

14,889

318.483

120.249

3

300

2592

Specificity1

14,889

15.726

9.366

0

14

244

Specificity2

14,889

0.050

0.024

0

0.046

0.406

Ind spec

14,889

0.438

0.496

0

0

1

Panel C: General descriptive statistics of key audit matters

variable

N

mean

sd

min

p50

max

Length

14,899

577.055

185.016

149

548

4081

Specificity1

14,899

48.936

24.815

0

45

721

Specificity2

14,899

0.087

0.035

0

0.083

0.407

Ind spec

14,899

0.438

0.496

0

0

1