IRAN AUDITING ORGANIZATION: INFORMATION AND CONTROL SOURCE FOR THE AUDITING PROFESSION

This paper examines the usefulness of the Auditing Organization for the auditing profession from the point of view of the Scientific Board Members of Accounting groups of public universities, Master of Science courses and Ph.D. students of Accounting at public universities, Financial Managers of active companies in the Tehran Stock Exchange and the mangers of private Auditing Institutes. The results of our investigation show that privatization of auditing services in Iran by the Auditing Organization was not suitable for the auditing profession, since it may cause an increase in auditing costs and prevent the development of audited and private auditing institutes and results in a decrease of institutional responsiveness to society. In addition, Auditing Organization has no effect on suitable usage of economic resources by audited companies and recovery of their internal accounting controlling system.