https://gaexcellence.com/aijbaf <p>The <strong>Advanced International Journal of Banking, Accounting and Finance (AIJBAF)</strong> is published by <strong>Global Academic Excellence (M) Sdn Bhd (GAE)</strong> to serve academicians a platform of sharing and updating their knowledge and research outputs as well as information within the sphere of banking, accounting, and finance. <strong>AIJBAF</strong><strong> </strong>invites researchers, academicians, practitioners and students for the submission of articles either in English or Malay. The publication for this refereed journal are <strong>quarterly (March, June, September and December).</strong> This journal uses <strong>double</strong>-<strong>blind review</strong>, which means that both the <strong>reviewer</strong> and <strong>author identities</strong> are concealed from the reviewers, and vice versa, throughout the review process. To facilitate this, authors need to ensure that their manuscripts are prepared in a way that does not give away their identity.</p> Global Academic Excellence M Sdn Bhd en-US ADVANCED INTERNATIONAL JOURNAL OF BANKING, ACCOUNTING AND FINANCE (AIJBAF) 2682-8537 https://gaexcellence.com/aijbaf/article/view/7855 <p style="text-align: justify;">Critical audit matters are usually read as annual audit-report disclosures. This paper asks whether their wording also matters across years. Using U.S. S&amp;P 500 non-financial firms from 2020 to 2024, CAM persistence is measured as the TF-IDF cosine similarity between adjacent-year CAM sections in original 10-K filings. Future 10-K/A amendments are used as the subsequent reporting outcome, not as evidence of fraud or severe restatement in every case. Firms with more persistent CAM language are more likely to file a future 10-K/A amendment. The association remains after controlling for acquisition-related complexity and internal-control weakness and is supported by bootstrap evidence. Repeated CAM wording is therefore not necessarily empty boilerplate; in some cases, it may point to reporting issues that have not fully cleared.</p> <p style="text-align: justify;">&nbsp;</p> Juan Zhang Wei Chong Choo Choy Leong Yee Yihuan Lin Hong Tian Copyright (c) 2026 ADVANCED INTERNATIONAL JOURNAL OF BANKING, ACCOUNTING AND FINANCE (AIJBAF) https://creativecommons.org/licenses/by/4.0 2026-06-25 2026-06-25 8 24 01 19 10.35631/AIJBAF.824001