The impact of audit committees on the financial and economic risk of cryptocurrency demand of companies

The impact of audit committees on the financial and economic risk of companies

Subject Areas : Management Accounting

Mirmohammad pouraghdam ¹ , Taghi Torabi ² , Abbas Memarnezhad ³ , Teymor Mohammadi ⁴

1 - PhD student, Department of Economics, Faculty of Economics and Management, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 - Associate Professor, Department of Economics, Research Sciences Branch, Islamic Azad University, Tehran, Iran (corresponding author)
3 - Assistant Professor, Economics Department, Research Sciences Branch, Islamic Azad University, Tehran, Iran
4 - Professor, Department of Economics, Faculty of Economics, Allameh Tabatabai University, Tehran, Iran

Received: 2023-08-23 Accepted : 2023-11-20 Published : 2024-09-21

Keywords: Financial and accounting expertise, independence, professional qualification of audit committee members, company risk.,

Abstract :

The main issue investigated in the current research is the investigation of the impact of audit committees on the financial and economic risk of cryptocurrency demand in companies listed on the Tehran Stock Exchange. For this purpose and following Mohammad et al. (2022), at first, the relationship between financial and accounting expertise, independence and professional competence of audit committee members with (specific and systematic) risk of companies was investigated and then the moderating effect of ownership Family based on this relationship was analyzed. In this study, the financial information of the companies accepted in the Tehran Stock Exchange was used in the time interval of eleven years between 1390 and 1400, and the final sample consisted of 141 companies. The findings of the present research showed that there is a significant relationship between financial and accounting expertise, independence and professional competence of audit committee members and companies' risk. In addition, family ownership has a moderating effect on the relationship between financial and accounting expertise, independence and professional competence of audit committee members and company risk.