دانلود رایگان مقاله انگلیسی تاثیر مدیرعامل اجرایی و تخصص در گزارش حسابرسی شرکت های ایرانی - امرالد 2017

Abstract

Purpose – The purpose of this paper is to examine whether the characteristics of a CEO, that is, tenure and financial expertise, could affect the timeliness of an audit report. Design/methodology/approach – Research data gathered from listed companies on the Tehran Stock Exchange during the four-year period 2013-2016. Findings – The results obtained from model fittings indicated that there is only a negative and significant relationship between CEO financial expertise and natural logarithm of audit report lag and no significant relationship observed between the former and two other indices of timely audit report. Moreover, no significant relationship was found between the CEO tenure and other three indices of timely audit report. Originality/value – This paper is the first study, which developed the literature of timely audit report using CEO tenure effect and financial expertise tests for timely audit reports in Iran.

5. Conclusion

The results indicated that there is a negative and significant relationship between CEO financial expertise and the logarithm of audit report lag. The result is in line with that of Baatwah et al. (2015). On the other hand, there was no relationship between CEO financial expertise and two other indices of audit report timeliness, namely audit report lag and average industry audit report lag. The result is in contrast with that of Baatwah et al. (2015). Such contrast may be due to difference in rules and regulation of countries and the way they classify their industries. It is worth mentioning that the lack of significant relationship between CEO financial expertise and audit report lag on the one hand, and the existence of negative and significant relation between CEO financial expertise and the logarithm of audit report lag on the other hand shows that after controlling the outlier and non-linear effect by the logarithm a CEO with financial expertise could reduce the duration of audit report. Baatwah et al. (2015) found a negative and significant relationship between CEO financial expertise and audit report timeliness. Furthermore, no other study has shown the same result between CEO financial expertise and audit report timeliness. The results of models 1-3 fitting also revealed that there is no relationship between CEO tenure with any other three indices of audit report timeliness. Such result is in line with that of Kamalluarifin (2016) and Baatwah et al. (2015). The results of Kamalluarifin (2016) illustrated that there is not relationship between managers’ terms of service and the timeliness of internet reporting. On the other hand, Baatwah et al. (2015) noticed a negative and significant relationship between tenure and audit report lag.