Accounting report
Mojtaba Golmohammadi shuraki; Abolfazl Zare Mehrjardi
Abstract
Audit fee, which is one of the signs of an audit effort, is an important factor in the acceptance or rejection an audit by owners and auditors. The characteristics of the client and especially the characteristics of financial reporting are important factors that can affect the timing of the audit and ...
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Audit fee, which is one of the signs of an audit effort, is an important factor in the acceptance or rejection an audit by owners and auditors. The characteristics of the client and especially the characteristics of financial reporting are important factors that can affect the timing of the audit and subsequently the audit fee. The main purpose of this research is to investigating the relationship between accounting comparability (as qualitative financial reporting characteristic) and audit fees. For this purpose, a sample of 70 companies listed in Tehran Stock Exchange between 2015 and 2019 has been studied. Research hypotheses have been tested using regression analysis based on cross-section data. Evidence research shows that there is a negative and significant relationship between the accounting comparability and audit fees. This conclusion can be interpreted in terms of inherent risk of audit and information efficiency, because accounting comparability reduces audit risk and evidence acquisition costs. Also, the results show that there is a significant negative relationship between comparability and audit delay. In addition, the results suggest that there is not a significant negative relationship between audit fees and board independent, ownership concentration and institution ownership as corporate governance mechanisms.
Farokh Barzideh; Morteza Moayeri
Volume 4, Issue 16 , January 2007, , Pages 43-69
Abstract
An important qualitative attribute of financial statements is timeliness of their information. The recognition that the length of the audit may be the single most important determinant affecting the timeliness of reporting, has motivated recent research on audit delay. The present study ...
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An important qualitative attribute of financial statements is timeliness of their information. The recognition that the length of the audit may be the single most important determinant affecting the timeliness of reporting, has motivated recent research on audit delay. The present study investigates the determinants of audit delay in Iran. We examine the determinants of "audit delay," the number of calendar days from fiscal year-end to the audit report date. The sample comprises233 companies listed in the Tehran Stock Exchange during the period 1382-1384. Descriptive statistics indicate the average audit delay to be 84 days for the three years under study. Five hypotheses relating audit delay to company size, company profitability, company risk (financial risk), auditor and year-end are tested in this study. Univariate and multivariate analyses and t-test of differences are performed to test the hypotheses of the study. The results for the sample of 233 listed Iranian companies showed that audit delay was significantly related to the companies that have 29 Esfand year-end. Other four hypotheses found not to be significantly associated with audit delay.
