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A comparative study of the effectiveness of compliance guidelines Internal controls approved by the Stock Exchange Organization
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Mehdi Khorramabadi *   , Samira Seif , Soheila Lashgarara , Sajad Habibzadeh Dashtaki |
| Assistant Professor, Department of Accounting, Payame Noor University, Tehran, Iran (Corresponding Author). Email:M.Khorramabadi@pnu.ac.ir |
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Abstract: (378 Views) |
| The aim of the present research, compare the effectiveness of the internal controls compliance directive approved by the Stock Exchange Organization, before and after the requirement of the said directive, based on three performance criteria, including the quality of financial reporting, the quality of auditing, and the quality of companies' profits. Method: In this regard, three hypotheses have been tested at the level of all companies through three regression models and at the level of each company through the Wilcoxon signed - rank test. In order to make a comparative comparison and test the hypotheses, a sample consisting of 200 companies admitted to the Tehran Stock Exchange during a 16-year period including a 5-year period from 2007 to the end of 2011 as a period before the requirement of the directive mentioned and from 2012 to the end of 2022 as a post-requirement period, he was not selected. Results: The results have shown that the internal control guidelines have a positive and significant effect on the quality of financial reporting, audit quality and profit quality at the level of the entire company. While, the results of Wilcoxon's non-parametric two-sample sign test at the company level indicate that there was no significant difference in the quality of financial reporting of companies in the period before and after the announcement of the internal control guidelines approved by the Stock Exchange Organization; The quality of the company's audit committee has increased and the quality of the company's profit has decreased. |
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| Keywords: Internal control guidelines, Financial reporting quality, Audit quality and profit quality. |
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Full-Text [PDF 1048 kb]
(173 Downloads)
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Type of Study: Research |
Subject:
Auditing
Received: 2024/10/25 | Accepted: 2025/03/18 | Published: 2025/10/2
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