Investigating the effects of audit committee characteristics' on the quality of financial statements in tehran stock exchange

Document Type : Original Article

Authors
mohammad khanmohammadi 1
hadi moayedi amoli 2
1 Master&Certified Public Accountant.
2 Master& Certified Public Accountant
Abstract
The aim of present research was to investigate the relation between auditing committee features and quality of financial statements. To measure the earning management, the Jones’ modified model used in present study. The research statistical society included all companies that established in Tehran stock exchange that were active in different industries during 2012-2015 years which among them 100 companies selected as research sample. To test the research hypothesizes, we used the multiple regression method. The findings imply that there is a significant relation between auditing committee independence, auditing committee specialty and auditing committee size with financial statements quality.According to the test hypotheses test results, there is a significant relationship between the characteristics of the audit committee and the quality of financial reporting. In other words, these characteristics can affect the amount and direction of real profit management of the company. These features can also be used as part of corporate governance to align the interests of shareholders and managers.
Keywords
auditing committee size
auditing committee
the specialty of auditing committee members
accrual items
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