Investigating the Impact of Triangle Confirmation on the Survival Rate of Triangle Members in Tehran Stock Exchange

Document Type : Original Article

Authors
mohammad varei 1
Ata Mohammadi Malqarani 2
Safiar Amini 3
adel fatemi 4
1 PhD student of accounting department of Islamic Azad University, Sanandaj Branch, Sanandaj, Iran
2 Assistant Professor of Accounting, Islamic Azad University, Sanandaj Branch, Sanandaj, Iran
3 Assistant Professor, Department of Economics, Islamic Azad University, Sanandaj Branch, Sanandaj, Iran
4 department of accounting, islamic azad university, sanandaj branch, sanandaj, iran
Abstract
Studying the Impact of Changes in Triangle Confirmation of Financial Statements (Chief Financial Officer, Managing Director and Auditor) on Trial Members' Survival Rates Given the economic aspects of information, financial reporting and the accounting system play a vital role in the capital market. Triangle is the confirmation of financial statements on the survival rate of triangle members. The purpose of this study is applied and methodological is causal research. The statistical population of the study is listed companies in Tehran Stock Exchange and using systematic sampling method, 166 companies are selected as the sample of the research and its period is between 2014 to 2019. In this study, panel data model was used. The results showed that the change in each of the triangle members had a significant effect on the survival rate of the other triangle members. By replacing the CEO, the financial survival of the company will be reduced, and vice versa. And replacing the auditor will reduce the CEO's survival rate, but replacing the CEO will increase the auditor's survival rate. The replacement of the auditor also reduced the financial manager's survival rate, but changes in the auditor's survival rate were not significant if the financial manager was replaced.
Keywords
Financial Statement Verification Triangle
Triangle Membership Survival Rate
Data Panel
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