The effect of an increase in disclosure resulting from the implementation of revised accounting standards on information asymmetry

Subject Areas :

H.R VAkili fard ¹ (استادیار دانشگاه آزاد اسلامی واحد علوم و تحقیقات)
GH Talebniya ² (استادیار دانشگاه آزاد اسلامی واحد علوم و تحقیقات)
مریم Naderipor ³ (کارشناس ارشد حسابداری دانشگاه آزاد اسلامی واحد یزد)

Received: 2015-05-09 Accepted : 2015-05-09 Published : 2012-02-20

Keywords:

Abstract :

The interest in accounting disclosure and audit quality by academics, investors and regulators heightened following the various financial reporting scandals, and subsequent legislative and professional response to these scandals. Thus, this study aims to investigate the effect of increasing accounting disclosure resulted the implementation of revised auditing standards on the information asymmetry. Therefore, 71 firms of statistical society (Tehran Stock Exchange) that whose necessary information for seven- year period was available, were ed. Information asymmetry was measured by bid-ask spread. To examine the hypotheses, compound regression technique with panel data was used. Signification of models was examined by T and F statistics. The results of this study showed that revised auditing standards had no effect on information asymmetry.

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