جستجوی مقالات مرتبط با کلیدواژه « auditor industry specialization » در نشریات گروه « علوم انسانی »

 Because of interest conflicts between managers-owners and the possibility occurrence of agency problems, it is important to identify the potentially driving factors of agency costs and assess the role of monitoring mechanisms in order to reduce the intensity of agency costs. This paper assessed the potentially impact of external auditing on agency conflicts in political connected firms. The ratio of operational expenses to operational sales revenues is used as an index of agency costs. Also, politically governance affiliation in either board structure or ownership structure is considered as a proxy of political connection. In addition, effective role of external auditors is analyzed using auditors’ quality control rating, rotation and industry specialization criterion. Research data include 1632 firm-year observations witch consist of 204 firms listed in Tehran Securities & Exchange. Research hypotheses investigated through multivariate regression models using panel data with fixed effect and generalized least squares method. Research evidences documented that political connected firms have high level of agency costs significantly. On other side, auditor’s quality control rating, rotation and industry specialization criterion significantly lead to reduce agency costs. In addition, findings showed that auditor’s quality control rating, auditor’s rotation and auditor’s industry specialization caused to weaken the positive relation between political connection and agency costs, so lead to decrease destructive consequences of interest divergence; In fact, reputable auditors to maintain professional reputation, new auditors to maintain audit independence, and industry-specific auditors to maintain audit efficiency and effectiveness are elements of mitigating agency conflicts, especially in firms with political connection. So, it is important to understand this issue from the aspect of political connection costs and its role in intensifying agency costs, as well as from the aspect of improving audit process and its role in weakening agency costs, especially in political connected firms.

Over the years, researchers have developed several measures of auditor industry specialization (ISP). However, there is not much information regarding the characteristics of each of these measures, as well as the sensitivity of previous research results to these ISPs. In this research, using the data of 211 firms listed in the Tehran Stock Exchange, during the years 1389 to 1400 (including 2,242 firm-year observations), 25 different measures of ISP was calculated and their internal and external construct validity was investigated. The results show that the use of different measures of ISP leads to the inconsistent classifications of auditors as specialists. Furthermore ,the use of the discretionary accruals quality model for the external validity test for measures of ISP shows that the inconsistency between the measures of ISP has a significant impact on the inferences regarding the impact of auditor expertise on earnings quality. In this way, the results of the current study show a low degree of internal and external validity of various constructs of auditor industry expertise and raise some questions about the stability of previous empirical evidence on auditor industry specialization.

The purpose of this research is to investigate the relationship between fee pressure and audit quality. Audit increase the credibility of information for users is that it would further enhance audit quality will be realized. Audit fees to auditee and the auditor is considered to be one of the most important issues that require research on this subject. The aim of this study was to investigate the relationship between Fee Pressure and audit quality. In this study, the companies listed in Tehran Stock Exchange during 2016-2020 were studied. The study sample consisted of 94 companies that were selected using systematic elimination. In this study, the pressure of audit fees through level difference between the actual audit fees and normal audit fees are calculated. In this study, the pressure of audit fees through level difference between the actual audit fees and normal audit fees are calculated and the criteria for measuring the quality of auditing, auditor size, auditor tenure, auditor industry specialization and auditor independence requirements. Research results show a significant association between audit fee pressures with auditor size, auditor tenure and auditor industry specialization does not exist while there is a negative meaningful relationship between audit fee pressure and auditor independence.

This research studies the impact of going concern auditor opinion (GCAO) during life cycle stages on market reaction. Also examines the impact of the auditor industry specialization on the mentioned relationship. This research is applied in terms of purpose and correlation in terms of descriptive method. In the present study، to measure the market reaction of accumulated abnormal returns for a short period of three days، (- 1 ، +1)، around the event date and to measure the life cycle stages, Dickinson (2011) method was used, which is a combination of operating cash flow, investment and financial patterns. In this regard, 239 companies listed in Tehran Stock Exchange during the period 2013-2020 were selected and their data were collected to test the research hypotheses. The designed hypotheses were tested by multivariate linear regression analysis. The results of testing the hypotheses show that different stages of the life cycle do not have a significant effect on the relationship between the going concern auditor opinion and abnormal stock returns. Also, the moderating role of different life cycle stages on the relationship between going concern auditor opinion and abnormal stock returns in companies audited by industry specific auditors is not significantly different from other companies.

Independent auditors and managers, as key corporate oversight mechanisms, can prevent agency conflict and play a positive role in increasing company performance. The purpose of this study is to investigate the Interaction Effect of Auditor Industry Specialization and Ownership Concentration on Investment Efficiency. The statistical population of the study is all companies listed on the Tehran Stock Exchange and using the systematic elimination sampling method, 146 companies were selected as the sample of the research in a 9-year period between 2013 and 2020. The method used to collect information is a library and the relevant data for measuring variables were collected from Codal website and companies' financial statements and then Eviews software was used to test the research hypotheses. The results of testing the research hypotheses showed that there is a positive and significant relationship between auditor Industry Specialization and investment efficiency; There is a positive and significant relationship between ownership Concentration and investment efficiency, and the Auditor Industry Specialization strengthens the relationship between ownership Concentration and investment efficiency.

The study of factors affecting audit pricing is important in terms of its effect on audit quality. The purpose of this study is to investigate the effect of Audit Market Concentration, auditor expertise in the industry and Auditor Industry Specialization on Audit Pricing. The statistical population of the study is all companies listed on the Tehran Stock Exchange and using the systematic elimination sampling method, 152 companies were selected as the sample of the research in a 9-year period between 2102 and 2020. The method used to collect information is a library and the relevant data for measuring variables were collected from Codal website and companies' financial statements and then Eviews software was used to test the research hypotheses. The results of testing the research hypotheses showed that the effect of audit market concentration has a negative and significant effect on the pricing of audit services; Auditor Industry Specialization has a positive and significant effect on the pricing of audit services; but the impact of the audit committee's experience on the Audit Pricing is not significant.

Audit fee is sensitive to the condition that increase audit risk. Earnings autocorrelation and earnings volatility are the important earnings characteristics that affect audit risk. These characteristics may constitute important elements of inherent risk for the auditor, but the associations and directions are ambiguous. In response to greater inherent risk, auditors should conduct more extensive substantive testing to reduce the overall risk associated with the audit. The current study investigate the effect of these earnings characteristics on audit fee from the lenses of different theories. For this purpose, the data of 93 publicly-held companies listed in Tehran Stock Exchange, during the time interval of 1388-1394 are examined. The results of hypothesis indicate that there is a negative (positive) and significant relationship between Earnings autocorrelation (volatility) and audit fees. In other words, for higher earnings volatility,audit firms charge more audit fees to its client. And against what was expected, auditor industry specialization has no significant moderating effect on these relations.

The purpose of this study is achieving empirical evidence related in the factors for preventing the stock price crash risk. Accordingly, we investigate financial reporting policies and capabilities of the independent auditors, two key areas affecting economic outcomes. To measure the company's financial reporting policies, we applied financial reporting transparency and accounting conservatism and to measure auditor capabilities, we used auditor tenure and auditor industry specialization.

in this article, we use semi-empirical method based on information released by listed companies in Tehran Stock Exchange, in the period 1388 to 1394 and we use 113 firms for final analyses. In order to test the hypotheses, we use generalized linear regression and logistic regression.

The results show that the client auditor industry specialization has significant negative relationship with all three risk factors. Also, any significant relationship was observed auditor tenure and the first two first stock price crash risk and positive relationship between auditor tenure and the third factors stock price crash risk was shown. There are significant negative relationship between the degree of accounting conservatism and the first two factors of risk. Also, there are significant negative relationship between financial reporting transparency and second and third factors. Contribution: This study give some of the mechanisms to shareholders and managers to reduce the stock pricescrash risk and is introduced three instruments including the auditor industry specialization, financial reporting transparency and accounting conservatism to control stock price crash risk.

tenure on comparability of financial statements by emphasis on the firm's life cycle. In this research, the comparability of financial statements was measured by De Franco (2011) model, auditor industry specialization was measured by Krishnan (2003) model and auditor tenure was measured using the numbers of continuous years offering audit services by an auditor. Target sample consists of 112 companies listed in Tehran Stock Exchange during 2009-2015. Hypotheses were examined using regression analysis. Results showed that auditor industry specialization has a positive and significant effect on comparability of financial statements in general and in the maturity stage. Also, auditor tenure has no effect on comparability of financial statements in general and in different stages of firm's life cycle.

In this study, the effect of audit quality on the forecasting accuracy of future operating cash flows of firms listed in the Tehran Stock Exchange has been investigated. Audit quality has been measured with auditor size, auditor industry specialization and auditor tenure. Similar to some previous researches done in this outline, forecasting accuracy of future operating cash flows have been estimated with using model Barth et al (2001). The results of review firms 97 in the years 2007 to 2014 show that size of audit firm and auditor industry specialization have significant positive relationship at the forecasting accuracy of future operating cash flows, and increase forecasting accuracy. while there is a significant negative relationship between forecasting accuracy of future operating cash flows and auditor tenure. These findings suggest that audit quality can influence the quality of accounting information and therefore effected over forecasting accuracy of future operating cash flows.

Based on existing empirical evidence, related-party transactions are widely used to manipulate earnings for financial reporting. This study investigates the effect of auditor industry specialization and free cash flows on earnings management through related-party transactions as well as the moderating effect of auditor industry specialization on the relationship between free cash flows and earnings management through related-party transactions. Sample of the study includes 136 listed firms in Tehran Stock Exchange during 2010 to 2014, and panel data regression has been used to test the hypotheses. The results show an inverse relationship between auditor industry specialization and earnings management through related-party transactions. On the other hand, there is a direct relationship between free cash flows and earnings management through related-party transactions. However, auditor industry specialization mitigates the direct relationship between free cash flow and earnings management through related-party transactions.

This studyaimed to investigate the effect of audit quality on market value of the firm’s cash holdings. To do so, the auditor industry specialization was used as a proxy for audit quality, we also used the model of Faulkender and Wang (2006) to measure the markets perception of the value of cash holdings. with a sample of 97 firms listed in Tehran stock exchange during the years 1389 to 1393 and using multiple regression model based on panel data techniques the research hypothesis were tested. The results indicate that the cash holdings of the firms that have been audited by Industry specialist auditors, are valued more highly for investors.

The aim of this study is to investigate the effect of auditor Industry specialization on the Relationship between Related party transactions (RPTs) and audit fees of listed companies in Tehran Stock Exchange. For this purpose, two hypotheses are developed and data on 65 companies in Tehran Stock Exchange for the period of 2009 to 2015 were analyzed. The regression model was exploited using panel data with a fixed effects approach. The results showed that related party transactions (RPTs) a significant positive association with audit fees. In fact, the result indicated that the auditors increase audit effort (as reflected in audit fees) to address risk associated with Related party transactions. Also, the findings indicated that auditor industry specialization induce moderating relationships between related party transactions and audit fees. In other words, positive association between related party transactions (RPTs) and audit fees is weaker for firms audited by industry specialist auditors and firms audited by non-specialist auditors.

Audit clients’ investment opportunity sets (IOS) include firm-specific opportunities that are unique to the client, as well as opportunities generalizable to the client’s industry and opportunities even more generically available to all firms. The purpose of this study was to investigate the relationship between investment opportunities for clients and audit fees of industry specialists and non-specialists, According to the framework provided by Cahanet al (2014). Research to test hypotheses of financial data of 90 companies listed in Tehran Stock Exchange in the period from 1386 to 1391 have been used. The results showed that test hypotheses Special IOS distinct role in the pricing of audit services to audit and audit risk when requesting further fees such fee increases. Furthermore, in cases where the customer has the IOS that are distinct from other companies, Industry specialist auditor to audit fees are set lower.

This study the Examines the relationship between audit quality, client size and cost of equity of listed companies in Tehran Stock Exchange. Gordon model is selected to calculate the cost of equity. Also, the size of the audit firm, auditor industry specialization and auditor tenure is used as the criteria’s for the audit quality. The statistics population of this study is all of the listed companies in Tehran Stock Exchange during 2000 till 2010 and the research sample is included 105 companies which are examined in 5 years.
The results show that there is a negative significant relationship between the size of the auditor firm and auditor tenure with cost of equity, also this relationship is much stronger in small-scale companies.
This study emphasizes on the importance of audit quality in determining company s cost of capital and indicates that company’s special small companies decline the cost of equity by the means of improvement of information-environment through proper selection of the auditor.

The purpose of this study is to investigate the interaction effect of auditor industry specialization and board governance on earnings management. The sample of this study, includes 145 companies listed in the Tehran Stock Exchange during the period 1387-1391 and for processing and testing hypotheses, Fixed Effects Model and Estimated Generalized Least Squares (EGLS) methodology are used. The results show that auditor industry specialization and board independence have negative and significant impact on the earnings management. Also study results show that negative association between earnings management and board independence is weaker for firms audited by industry specialist auditors and firms audited by non-specialist auditors.

It is important to understand the factors that affect audit report delay، since this directly affects the timeliness of financial reporting، which is one of the most important qualitative attributes of financial statements. Old accounting information has not worth in the economic and financial decisions. This paper investigated the relationship between effectiveness of the audit quality (in terms of auditor change، auditor industry specialization and type of auditor’s report) and reduction of audit report delay for the companies listed in the Tehran Stock Exchange. In this study، the sample consists of 64 companies in the period 2005-2012، and for testing the hypothesis the statistical panel data regression was used. The results showed that there is a positive and significant relationship between types of auditor’s report with audit report delay. That is، audit report delay is higher for receiving qualified audit report. Also، the results showed that there is not a significant relationship between either auditor change or auditor industry specialization and audit report delay. That is، auditor change and auditor industry specialization do not lead to reduction in audit report delay.

According to agency theory, managers have more information comparing to shareholders and it is possible to make decisions that do not maximize interests of shareholders. Audit process is an important approach to reduce agency conflicts and opportunistic behavior of managers. This paper aims to study an aspect of economic consequences of audit services in Iran by investigating the relationship between audit quality and artificial and real earnings management of listed firms in Tehran Stock Exchange. In this regard, 100 firms were selected as sample of research for the period 2007-2012. We used modified Jones (1995) model for determining artificial earnings management and Roychowdhury (2006) model, for measuring real earnings management. Also, we used two proxies for determining audit quality, including auditor industry specialization and auditor reputation. results show that there is a negative significant relationship between audit quality and artificial earnings management. Also, findings suggest there is a positive significant relationship between audit quality and real earnings management.