The impact of the characteristics of the independent auditor and the audit committee to create value for the company

The purpose of this study is the effect of the characteristics of the independent auditor and the audit committee on the value creation of the company. Research Methodology This research is a descriptive research in terms of applied purpose and in terms of nature with emphasis on correlation relations. The data required to calculate the research variables have been extracted from the "Rahavard Novin" database. In order to achieve this goal, 931 year-companies (133 companies for seven years) observations collected from the annual financial reports of companies listed on the Tehran Stock Exchange during the period 2014 to 2020 have been tested. Regression models were used to test the research hypotheses. Using composite data, regression models can be estimated in two ways (combined and panel). In order to determine the estimation method, F-Limer test was used and if the panel method is used, one of the two forms of fixed effects and random effects model can be performed. In order to determine the type of model, Hausman test was used. Findings show that the findings of Hypothesis 1 show that the characteristics of an independent auditor have a positive effect on the value creation of the company and the findings of Hypothesis 2 show that the characteristics of the audit committee have a positive effect on the value creation of the company. Conclusion From the present study, it can be concluded that the characteristics of independent auditor and audit committee have a positive effect on company value creation. In this regard, it is suggested to company managers that in order to improve company value creation and increase shareholder wealth, independent auditor with Choose high quality to audit the company's financial statements and in addition to the rules and regulations, it is recommended to consider the findings of this study in order to formulate effective rules and improve the performance of the capital market.