The Impact of the COBIT Framework IT Processes for Effective Internal Control and Corporate Financial Reporting Quality in Tehran Stock Exchange

Subject Areas : مدیریت

Sahar  Mashhadi Jafar Nazari ¹ (M.Sc. Student, Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran)
Reza  Ehtesham Rasi ² (Assistant Professor, Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran)

Received: 2017-06-19 Accepted : 2017-06-19 Published : 2017-03-21

Keywords: Control Objectives for Information, Related Technology Framework, Quality of Internal Controls, Quality of Financial Reporting,

Abstract :

The main aim of the present study is to explore the effect of Control Objectives for Information and Related Technology (COBIT) framework on quality of internal controls and quality of financial reporting of companies active in Pharmaceutical Industry listed on Tehran Stock exchange. Research population of the present study includes accounting professors, members of audit committee, internal auditors and members of Iran's Association of Certified Public Accountants and research sample volume was determined by using random sampling method and Cochran's formulas which is consisted of 182 people.For testing the validity of research questionnaire, experts opinions were used and for testing its reliability, Cranach’s alpha test was used which is equal to 75.7% which indicates that research questionnaire has a high level of validity and reliability. Results obtained from data analysis indicated that Control Objectives for Information and Related Technology framework has a direct effect on quality of internal controls and quality of financial reporting in companies active in Pharmaceutical Industry listed on Tehran Stock Exchange.