Financial Accounting
Alireza Javadipour; jafar babajani; Ghasem blue; vajhollah ghorbanizadeh
Abstract
Due to the lack of comprehensive research in the country in order to provide a model to evaluate the performance of the audit committee, the present research has addressed this issue and a practical model for the use of the activities of the audit committee has been presented.Method: The research method ...
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Due to the lack of comprehensive research in the country in order to provide a model to evaluate the performance of the audit committee, the present research has addressed this issue and a practical model for the use of the activities of the audit committee has been presented.Method: The research method used in the first stage of the research was extracting the dimensions, components and performance evaluation indicators of the audit committee from the theoretical sources of the research. Then, the fuzzy Delphi method was used to screen the indicators, and the best-worst (BWM) multi-criteria decision-making method was used to weight each dimension, component, and index.Findings: The model obtained in the current research includes 3 parts of evaluating the individual characteristics of the members of the audit committee, evaluating the work processes and reporting of the audit committee, and evaluating its duties and responsibilities, and the final model includes 3 dimensions, 13 components and 78indicator.Conclusion: According to the findings of the research, the important components in evaluating the performance of the audit committee are the audit committee meetings, the audit committee resources, communication with the board of directors, the audit committee charter, and monitoring of financial reporting. Also, the results showed that the working and reporting processes of the audit committee have the most weight in the evaluation of the audit committee's performance, and the evaluation of the audit committee meetings as the focus of the audit committee's activities is the most important among the evaluation components.
Rafik Baghoomian; Erfan Mohammadi
Abstract
This paper is aimed to review the effects of financial professional expertise of the auditIn this study, we investigated the effect of audit committee members’ financial expertise on the relationship between the environmental risks of the company (including financial risk, operational risk and ...
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This paper is aimed to review the effects of financial professional expertise of the auditIn this study, we investigated the effect of audit committee members’ financial expertise on the relationship between the environmental risks of the company (including financial risk, operational risk and business risk) and the audit fee of the company. Thus, after explaining the theoretical foundations and implementation of hypotheses of the research, we selected 101 companies listed on the Tehran Stock Exchange TSE) through screening for a period of 7 years (2012-2018). We extracted required data, and then examined the classical assumptions of linear regression. Finally, we tested the implemented hypotheses by using multivariate linear regression.Findings showed that audit committee members’ financial expertise has a negative and significant relationship with audit fee and environmental risks of the company however; such a relationship does not weaken the severity of the direct relationship between environmental risks and the audit fee of the company.
Farshid Kheirollahi; Farzad Eivani; Ehsan Mohebi
Abstract
Issues and problems associated with financial statements have raised ambiguities about the role and responsibilities of the board of directors as well as the audit committee in financial reporting. Accounting restatements indicates that the financial statements of the past periods are unlikely to be ...
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Issues and problems associated with financial statements have raised ambiguities about the role and responsibilities of the board of directors as well as the audit committee in financial reporting. Accounting restatements indicates that the financial statements of the past periods are unlikely to be presented in accordance with the generally accepted accounting principles. In addition, the Accounting Restatements may indicate weakness in the firm's internal control system. An efficient director labor market wills likely reward directors who have a reputation for effectiveness with additional board positions and associated benefits, and penalize the poor performers by loss of their positions and benefits. In the present study, the consequences of financial statements as a reporting failure for non-executive directors with an emphasis on the audit committee are examined. For this purpose, 43 listed firms were selected as the main sample and 43 listed firms as the control group during the years 2012 to 2016 from Tehran Stock Exchange. According to the results of the study, the financial restatements have not led to the imposition of labor market fines for outside director
ameneh bazrafshan
Abstract
The purpose of this study is to examine the impact of Audit Committee Quality (ACQ) on achieving Internal Control over Financial Reporting (ICOFR) in short run. So, the current paper investigates the impact of ACQ on Financial Reporting Quality (FRQ) including Reliability, Relevance and Timelines of ...
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The purpose of this study is to examine the impact of Audit Committee Quality (ACQ) on achieving Internal Control over Financial Reporting (ICOFR) in short run. So, the current paper investigates the impact of ACQ on Financial Reporting Quality (FRQ) including Reliability, Relevance and Timelines of financial reporting That is Information Asymmetry (IA) as the final goal of financial reporting. Regarding the latent of ACQ and FRQ, this paper use structural modeling with OLS approach by Smart-PLS software. Findings indicate that ACQ reduces IA. However, there is no relationship between ACQ and FRQ. It was also revealed that FRQ reduces IA.
Hossien Fakhari; Javad Mohammadi; Mohsen Hasannataj Kordi
Abstract
The novelty and mandatory rules about establishing of the auditcommittee in Iranian listed companies as one of the important part ofcorporate governance are controversial subject. It has been importantespecially when the real earnings management is involved. It is due to thepossibility of the detection ...
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The novelty and mandatory rules about establishing of the auditcommittee in Iranian listed companies as one of the important part ofcorporate governance are controversial subject. It has been importantespecially when the real earnings management is involved. It is due to thepossibility of the detection of real earning management that is low incomparison with accrual earning management. In companies this researchintend to investigate about audit committee characteristic and real earningmanagement in Iranian listed companies. So we gather data about 112 listedcompanies of TSE during 1392 year and analysis them with cross-sectionalregression.In general our findings show that there is a significant relationshipbetween audit committee characteristics and real earnings management. Alsoour findings help to TSE policy maker for reporting and enforcement ofaudit committee charter. It indicates also that there is a vital need forapplying of corporate governance rules in Iranian listed companies
Seyed Hossein Sajadi; Mohsen Dastgir; Mojtaba Afshar Jahanshahi
Volume 4, Issue 15 , October 2006, , Pages 65-86
Abstract
The Purpose of this research, is the understanding the effect of Audit Committee existence and finally identifying the necessity of creating i t in our Country.
The results show that the existence of Audit committee causes that improve the quality of financial reporting, quality of internal Controls, ...
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The Purpose of this research, is the understanding the effect of Audit Committee existence and finally identifying the necessity of creating i t in our Country.
The results show that the existence of Audit committee causes that improve the quality of financial reporting, quality of internal Controls, external Auditor Performance and internal Auditor Performance and decreases the Management fraud.
