رویه تغییر حسابرس بر کیفیت حسابرسی در بازار سرمایه ایران

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دکتری، گروه حسابداری، دانشگاه علامه طباطبایی، تهران، ایران.

2 کارشناسی ارشد حسابداری مدیریت، دانشگاه شهاب دانش، قم، ایران.

3 دانشجوی دکتری، گروه حسابداری، ، دانشگاه تهران، تهران، ایران.

چکیده

رویه تغییر حسابرس می تواند بر کیفیت حسابرسی تاثیر‌گذار باشد، اما چنین سیاستی تابعی از میزان ارائه خدمات اطمینان بخشی و نیز نحوه تعیین و تغییر حسابرس طبق قوانین موضوعه نظیر قانون و دستورالعمل های بازار سرمایه است. مقررات گذاران، مدت‌هاست که نگرانی‌های خود را در مورد تغییرات حسابرس و تأثیر آن بر اظهار نظر حسابرس ابراز کرده‌اند. به همین جهت در این پژوهش به بررسی سیاست‌های تغییر حسابرس بر کیفیت و نیز هزینه خدمات حسابرسی در شرکت‌های پذیرفته شده در بورس‌های ایران پرداخته شده است. با استفاده از نمونه شامل 100 شرکت در بازه زمانی 1394 تا  1400 و به کارگیری مدل رگرسیونی چندگانه، نتایج پژوهش نشان داد که تغییر حسابرس شرکت به موسسات حسابرسی با تعداد شرکای بیشتر بر کیفیت حسابرسی تاثیر معناداری ندارد. همچنین تغییر حسابرس به موسسات حسابرسی با تعداد شرکای بیشتر بر حق‌الزحمه حسابرسی دارای تاثیر منفی و معناداری بوده است. البته میزان حق‌الزحمه حسابرس بر کیفیت حسابرسی شرکت‌ها نیز تاثیر معناداری و مثبتی به همراه داشته است. سایر نتایج نشان می‌دهد تجربه حسابرس و اندازه شرکت دارای اثر مثبت و معنادار، زیان‌دهی و اقلام تعهدی اثر منفی و معنادار بر حق الزحمه حسابرسی دارد.

کلیدواژه‌ها


عنوان مقاله [English]

Audit Switching Policy and Audit Quality in Iranian Capital Market

نویسندگان [English]

  • Reza Daghani 1
  • Ashkan Namdari 2
  • Mohammad Mehdi Momenzadeh 3
1 Ph.D., Department of Accounting, Allameh Tabatabi Iniversity, Assistant prof., of Shahab Danesh University, Tehran, Iran
2 MSc. of Management Accounting, Shahab Danesh University, Qom, Iran.
3 Ph.D. Candidate in Accounting, Department of Accounting, University of Tehran, Tehran, Iran
چکیده [English]

Audit switch can affect audit quality, but such policies also depend on the scope of audit services provided and the manner in which auditors are appointed in accordance with capital market rules. Therefore, this study examined auditors' policies and audit fees when providing this service in companies listed on the Tehran Stock Exchange. Using a sample of 100 companies from 2018 to 2022 and using multiple regression, we find that switching to an audit firm with more partners has a positive and significant impact on audit quality. It was shown that the shift of audit to audit firms with more partners also has a negative and significant impact on audit fees, and the amount of auditor fees has a significant and positive impact on audit quality. Other results show that auditor experience and size have a positive and significant impact, while firm losses and provisions have a negative impact on audit fees.

کلیدواژه‌ها [English]

  • Auditor Switch Policy
  • Audit Fee
  • Audit Quality
  • Supply Services
Alavi Tabari, S., & Bashirimanesh, N. (2013). The effect of the Audit Quality and Auditor Switches on capital market. Journal of Management Accounting and Auditing Knowledge, 2.65-76 (in Persian)
 Amirkhani, K., & Azizkhani, M., & Sami, H. & Monroe, G. (2022). The Effect of Audit Market Competition on Audit Quality and Pricing in a Non-Big 4 Market. The International Journal of Accounting. 57(04), 1-48. 10.1142/S1094406022500159.
Asnaashari, H., Safarzadeh, M.H., Kheirollahi, A. and Hashemi, S. (2023), "The effect of auditors’ work stress and client participation on audit quality in the COVID-19 era", Journal of Facilities Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFM-01-2023-0005
Azizkhani M., Shailer G., Monroe G .(2012)A competitive pricing of audit services in a non-Big4 market,13th International Asian Academic Accounting Conference, Kyoto University, Kyoto, 8-11
Azizkhani, M., Daghani R., and Ahmadian, M. (2015). The impact of auditor rotation policy on audit fees, evidence from Tehran Stock Exchange. Journal of audit science, 16(64), 43-62. (in Persian)
Azizkhani, M., Daghani, R. Shailer, G. (2018). Audit firm tenure and audit quality in a constrainedmarket. The International Journal of Accounting, 53(3), 167-182.
Azizkhani, M., Daghani, R.; Ahmadian, M. (2016) The impact of mandatory audit firm rotation on audit fees: evidence from Iran. Journal of Audit Science, 16(2), 43-62
BaniMahd, B., MoradzadehFard, M., Zainali, M. (2013). The effect of the audit fee on the auditor's opinion. Management Accounting, 4 (15), 41-54. (in Persian)
Birami, L., and Rostami, W. (2013). The effect of audit quality on agency fees in companies listed on the Tehran Stock Exchange, Economic Journal, 4 (15), 45-41. (in Persian)
Cao, Y., Feng, Z. (2022). Do supply shocks in the audit partner labor market affect auditor choice? Evidence from a quasi-natural experiment, China Journal of Accounting Research, 22 (1), 135-158.
Carp, M. and C. Istrate (2021), Audit Quality under Influences of Audit Financiar, 1-16
Cascino, S., Tamayo, A., Vetter, F. (2021). Labor market effects of spatial licensing requirements: evidence from CPA mobility. J. Account. Res. 59 (1), 111–161
Chan, K.H., Guo, Y., Mo, P.L.L., 2021. Can auditors’ local knowledge compensate for a weaker regulatory oversight for the audit quality of foreign companies? Account. Business Res. 51 (2), 127–155.
Chang, H., Ho,L., Liu, Z., Ouyang, B. (2021). Income smoothing and audit fees, Advances in Accounting, 21(3), 123-15.
Daghani, R., Hajian, N., & toloyee, K. (2020). Effects of the Board's Ownership and Oversight Structure and Audit Characteristics On Earning Management. Empirical Research in Accounting, 9(4), 299-326. doi: 10.22051/jera.2018.20138.2019 (in Persian)
DeFond, M. and J. Zhang. 2014. A Review of Archival Auditing Research. Journal ofAccounting and Economics 58: 275-326.
Dehghan, M., Hejbari, M. (2020). The effect of audit quality on the company's debt structure with an emphasis on the moderating role of information asymmetry and the quality of corporate governance, master's thesis, Islamic Azad University, Neishabur branch. (in Persian)
Easton, M. L and Beaver, J. R. (2022). Audit research after Sarbanes Oxley. Auditing. A Journal of Practice &Theory, 24(Suppl.), S5–S30.
European Union (2014). Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC, https://eur-lex.
Fadillah, R. A., and F. Fitriany. (2021). The Influence of Client Importance on the Audit Quality: A., Study to understand External Auditor’s Role as the Guardians of Strong and Justice Organizations (Goal 16 Sustainable Development Goals). The 1st Journal of Environmental Science and Sustainable Devlopment Symposium IOP Conf. Series: Earth and Environmental Science.
Frankel, R., Johnson, M., Nelson, K. (2002). The relation between auditors’ fees for nonaudit services and earnings management. Account. Rev. 77, 71–105.
Griffin, Paul A. and David H. Lont (2011) Audit fees around dismissals and resignations: Additional evidence, Journal of Contemporary Accounting & Economics 7. 65–81.
He, X., Pittman, J., Rui, O. (2016). Reputational implications for partners after a major audit failure: Evidence from China. J. Bus. Ethics 138 (4), 703–722.
Huang, H.-W., Raghunandan, K., Rama, D. (2009). Audit fees for initial audit engagements before and after SOX Audit. Auditing: J. Pract. Theory. 28 (1), 171–190.
Huang, T.-C., Chang, H., Chiou, J.-R., (2016). Audit market concentration, audit fees, and audit quality: Evidence from China. Auditing: J. Pract. Theory 35 (2), 121–145.
Jamei, R., Koolivand, Z., & Mohamadi Kelareh, N. (2020). The relationship between internal control weaknesses and audit fees with an emphasis on political relations in companies listed in Tehran Stock Exchange. Financial Accounting Research12(2), 99-114. doi: 10.22108/far.2020.119476.1529 (in Persian)
Kirkos, Efstathios; Spathis, Charalambos; Nanopoulos, Alexandros & Manolopoulos, Yannis. (2007). Identifying Qualified Auditors' Opinions: A Data Mining Approach. Journal of Emerging Technologies in Accounting - J Emerg Tech Account. 4. 183-197. 10.2308/jeta.2007.4.1.183.
Kordestani, G., Rezazadeh, J., Kazemi Olum, M., & Abdi, M. (2018). The Investigation of Audit Market Concentration Impact on Audit Fees and Audit Quality. Financial Accounting Research, 10(2), 65-84. doi: 10.22108/far.2018.110488.1251 (in Persian)
Kuang, H., Li, H., Sherwood, M.G., Whited, R., 2020. Mandatory audit partner rotations and audit quality in the United States. Auditing: J. Pract. Theory 39 (3), 161–184
Lo, A.K., Lin, K., Wong, R., 2019. Does availability of audit partners affect audit quality? Evidence from China. J. Accounting, Auditing and Finance, forthcoming.
Lu, T. (2006). Does opinion shopping impair auditor independence and audit quality. Journal of Accounting Research 44 (3): 561-583.
Martani, D., Rahmah, N. A., Fitriany, F., & Anggraita, V. (2021). Impact of audit tenure and audit rotation on the audit quality: Big 4 vs non big 4. Cogent economics & finance, 9(1), 1901395.
Muttakin, M., Arifur, K and Dessalegn, G. (2017). Business group affiliation, earnings management and audit quality: evidence from Bangladesh, Managerial Auditing Journal, 32. 427-444.
Namazi, M., Bayazidi, A., and Jabarzadeh Kangarl, S. (2011). the relationship between audit quality and earning management in companies listed on the Tehran Stock Exchange, Accounting and Auditing Research, 9, 1-18. (in Persian)
Nikokar I. (1401), the challenge of human resources in audit institutions, Stock Information Weekly. 466 (in Persian)
Ostadjafari, M., faraji, O., Arabzadeh, M., jabbari, H., & Ghanimati, H. (2022). Determining factors and consequences of risk perception in annual reports: Structural equation modeling approach. Financial Accounting Research, 14(3), 119-148. doi: 10.22108/far.2023.134505.1906 (in Persian)
Public Accounting Oversight Board (PCAOB) (2011). Concept Release on Auditor Independence and Audit Firm Rotation– PCAOB Release No. 2011 006. Washington, D.C.
Saeedi, A., Daghani, R. & Hajian, N. (2020). Firm-Specific Characteristics and The Disclosure Level: Evidence From The Tehran Stock Exchange. Journal of Applied Business Research (JABR),  36(4), 129–152. https://doi.org/10.19030/jabr.v36i4.10349
Securities and Exchange Commission (SEC). March (2002). Written Testimony ConcerningAccounting and Investor Protection Issues Raised by Enron and Other Public Companies. Before the Committee on Banking, Housing and Urban Affairs United States Senate.Washington, DC: Securities and Exchange Commission. Available at:https://www.sec.gov/news/testimony/032102tshlp.htm
taherinia, M., Rashidi, M., aAmoozadeh, A., & Mansouri, Z. (2021). Market Responses to the Quality of Audit Partners Work. Empirical Research in Accounting11(1), 217-240. doi: 10.22051/jera.2021.28470.2561 (in Persian)
Takace, A., and T. Szucs, D., Kehl, A., Fodor (2020). The effect of fair valuation on banks earnings quality: empirical evidence from developed and emerging European Countrice.6, 12.
Tehran Stock Exchange Organization (1991). bylaws for issuers' auditing institutions (approved by the Supreme Council of the Stock Exchange on 12/20/1380)
Vakili Fard, H. R., Mohammadi, S. (2015). Change of auditor and type of audit report, financial accounting and Auditing research. 7(25), 39-54. (in Persian)
Wang, Q., Wong, T.J., Xia, L., )2008(. State ownership, the institutional environment, and auditor choice: evidence from China. J. Account. Econ. 46 (1), 112-134