mandana taheri; ghasem blue; ramin parvarpour
Abstract
Information asymmetry and economic uncertainty are features of the capital market in today's complex business environment, which increase audit risk and litigation risk, and can be effective in explaining audit fees. The purpose of this research is to investigate the role of legal claims risk, information ...
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Information asymmetry and economic uncertainty are features of the capital market in today's complex business environment, which increase audit risk and litigation risk, and can be effective in explaining audit fees. The purpose of this research is to investigate the role of legal claims risk, information asymmetry and economic uncertainty in explaining audit fees. The time domain of the research is the period from 2013 to 2021 and the research sample includes 120 companies admitted to the Tehran Stock Exchange. The analysis of research findings using multivariable regression models based on combined data shows that among the macroeconomic variables that have been investigated (including economic growth rate, inflation rate, exchange rate and interest rate), only economic growth rate and inflation rate have a direct and significant relationship with audit fees, and there is a direct and significant relationship between the risk of lawsuits and information asymmetry with audit fees. The obtained results indicate that the risk of lawsuits, economic uncertainty and information asymmetry play an effective role in explaining auditors' fees.
Financial Accounting
mohamad marfo; Mohammad javad Salimi; iman Raeesi Vanani; mojtaba alifamian
Abstract
Purpose-The rapid development of technology and extensive environmental changes has accelerated economic growth and the increasing competition of enterprises has restricted access to profit and increases the probability of enterprises ' financial distress. Due to the effects of high costs of financial ...
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Purpose-The rapid development of technology and extensive environmental changes has accelerated economic growth and the increasing competition of enterprises has restricted access to profit and increases the probability of enterprises ' financial distress. Due to the effects of high costs of financial distress, its prediction has attracted the attention of researchers since the beginning. Therefore, this paper aims to the bibliometric analysis of financial distress research in accounting, management and economic areasDesign/methodology/approach: The research method is based on a three-step protocol of dataset setting, the dataset refining, and analyzing the data. First, the published articles in the financial disterss field were collected from the Web of Science database. Second, the document information is refined and 801 articles were chosen to review literature of this district. Finally, we used the bibliometric analysis toolbox to investigate the documents. Also, bibliometric analysis in this research has been conducted using VOSviewer software.Findings- The findings of this research indicate the existence of six main streams of research (methods of predicting financial distrss, predictors of financial distress, restructuring strategy, corporate governance, bank bankruptcy and earning management) in the field of financial distrss. Also, the results of the research, in addition to indicating the importance of social responsibility of the company, also highlight the fact that with the technology improvement, the use of artificial intelligence tools has increased predicting accuracy.
Accounting and various aspects of finance
Mehri Bakhteyari; Javad Rezazadeh; kumars Biglar
Abstract
The implementation of the engagement quality control review (EQCR) by the engagement quality control reviewer has been considered as one of the key elements of quality control in the auditing standards and its implementation is required in the audit of companies listed on the stock exchange. In this ...
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The implementation of the engagement quality control review (EQCR) by the engagement quality control reviewer has been considered as one of the key elements of quality control in the auditing standards and its implementation is required in the audit of companies listed on the stock exchange. In this research, the data was collected through (1) conducting interviews with 25 partners of Iranian auditing firms in the spring and summer of 2023 and (2) the opinions of 12 certified accountants were published in a newspaper or Professionals Journal in the form of a conversation, round table, notes or articles. Then, by applying the grounded theory, the components that are the obstacles to the effective application of EQCR are identified and presented in the form of a conceptual system model. The validity of the research model was confirmed by 7 audit partners.The findings from the analysis of research data show that there are various obstacles in its different dimensions, the most important of which are: the structure and organization of some audit firm, the small size of many audit firms, economic considerations, low fees of Iranian audit firms, lack of qualified auditors, moral issues of society, society's specific problems, governing laws and regulations, Weakness in quality grading of audit firms, Inadequate communication with international professional communities, low awareness of auditing and lack of development and low application of technology in audit firms. ..
Financial Accounting
Abas Aflatooni; kefsan mansouri; Zahra Nikbakht
Abstract
The accounting information quality and its relationship with financing decision-making is one of the important issues which attract interest from researchers. However, how the accounting information quality affects financing costs during the COVID-19 pandemic is a topic that has not been considered in ...
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The accounting information quality and its relationship with financing decision-making is one of the important issues which attract interest from researchers. However, how the accounting information quality affects financing costs during the COVID-19 pandemic is a topic that has not been considered in domestic research. The purpose of this research is to investigate the effect of the accounting information quality on the cost of debt and to investigate how this effect occurred during the pandemic of COVID-19. In this regard, the data from 137 firms listed on Tehran Stock Exchange during 2012-2022 (1057 firm-years) have been used. The generalized least squares (GLS) approach has been used to fit the models and years and industries fixed effects has also been controlled. The research results for the entire period show that an increase in accruals quality (as a proxy for accounting information quality) decreases the cost of financing through debts and this decrease is more for innate accruals quality than that of discretionary accruals quality. In addition, the findings indicate that during the period of the COVID-19 pandemic, the intensity of the effect of accruals' quality and its innate and discretionary components on the cost of debt has decreased. The results of the robustness tests using decile-ranked values of accruals quality confirm the main findings.
Financial Accounting
Fatemeh Jalali Gorgani; Mohammadreza Abdoli; Hasan Valiyan; mehdi safari gerayli; Mohammad Mehdi Hossini
Abstract
The purpose of this study is evaluation matrix of perspective on the driving forces of legacy accounting. In this study, in terms of the methodological goal, this study is exploratory and from the perspective of the result, it is placed in the category of applied research. Due to the multiplicity of ...
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The purpose of this study is evaluation matrix of perspective on the driving forces of legacy accounting. In this study, in terms of the methodological goal, this study is exploratory and from the perspective of the result, it is placed in the category of applied research. Due to the multiplicity of calculation methods in scenario analysis, this study cannot necessarily follow a specific pattern and uses a separate method to answer the formulated questions according to each section. Therefore, based on the nature of collection, this study can be classified as mixed method. The result of this study in the qualitative part indicated the existence of 3 categories, 8 components and 39 themes as drivers of legacy accounting in family ownership, which was confirmed based on Delphi analysis. Then, by choosing 2 factors out of 8 identified components as the basis of scenario creation, 10 themes identified as sub-factors of scenario creation were examined. The result of the acquisition in a quantitative part indicates the existence of 4 scenarios with a favorable situation, which shows that the scenario of the second quarter with the metaphorical title of "Governance Hegemony" was determined to be the most effective driver in the emergence of legacy accounting in family-owned companies. In fact, the result obtained in this study shows that accounting is used as a legacy in family-owned structures in order to meet the needs of the powerful person as the owner of influence on the structural functions of companies.
Accounting report
Mahdi Saghafi; Azam Pouryousof; Ali Shirzadi
Abstract
In this research, the relationship between the discovery of audit distortions and the readability of financial reports has been investigated, as well as the moderating effect of management ability on this relationship. This research is practical in terms of its purpose, and the correlation method is ...
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In this research, the relationship between the discovery of audit distortions and the readability of financial reports has been investigated, as well as the moderating effect of management ability on this relationship. This research is practical in terms of its purpose, and the correlation method is causal (post-event). In this research, the data of 129 companies admitted to the Iran Stock Exchange during a 7-year period (from 2015 to 2021) was used to test the hypotheses using panel data. The collection of information in this thesis was done by library method and related data to measure the variables was collected from Kodal website and financial statements of the companies and basic calculations were done in Excel, Then, Stata software was used to test the research hypotheses. The results of the research show that the discovery of audit distortions has a direct and significant effect on the readability of financial reports. Also, the results indicate that the ability of managers can not only moderate the positive relationship between the discovery of audit distortions and the readability of financial reports, but also increase the intensity of this relationship.
Financial Accounting
Behrooz Badpa; sohrab osta; Fatemeh Darvish-Hoseini
Abstract
Working capital management is crucial for business growth and survival as it maximizes enterprise value and shareholder wealth, thereby maintaining competitive conditions and optimal performance. This study identified and explained accounting variables determining operational efficiency (OE) of the companies ...
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Working capital management is crucial for business growth and survival as it maximizes enterprise value and shareholder wealth, thereby maintaining competitive conditions and optimal performance. This study identified and explained accounting variables determining operational efficiency (OE) of the companies listed on the Tehran Stock Exchange (TSE), Iran, in light of working capital items. The statistical population consisted of all companies, and the samples were 112 cases listed during 2016-2020. Utilizing an applied, descriptive-correlational research design, the relationship between the variables was then established. The dependent variable was OE, evaluated using data envelopment analysis (DEA); and the independent ones were working capital items and dividend growth rate. To investigate the effect of the independent variables on the dependent one, eight hypotheses were formulated, and multivariate linear regression with panel data in a fixed-effects model was implemented to check them. Testing the hypotheses at 95% confidence interval demonstrated that average period of collection of claims, average debt repayment period, dividend growth ratio, cash holding level, and liquidity ratio have a significant positive effect on OE. Nevertheless, cash conversion cycle, and average inventory turnover period have negative impacts. Managers are thus suggested to identify working capital items and exploit them along with short/long-term goals in companies. This is practical in evaluating financial flexibility and solvency, facilitating optimal liquidity, and increasing business profitability and performance. Furthermore, learning about such items is helpful to investors, creditors, and analysts to make optimal decisions.