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Open Access Article
1 - Investigating the effect of the quality of internal audit performance on the accuracy of profit forecasting by managers of companies listed on the Tehran Stock Exchange
Massoumeh Latifi Benmaran Shahrzad SerajPurpose: The purpose of this research is to investigate the effect of the quality of internal audit performance on the accuracy of managers' profit forecast. Methodology: The data of 136 companies listed on the Iran Stock Exchange were used during the years 2017 to 202 MorePurpose: The purpose of this research is to investigate the effect of the quality of internal audit performance on the accuracy of managers' profit forecast. Methodology: The data of 136 companies listed on the Iran Stock Exchange were used during the years 2017 to 2021. Hypotheses were tested by multiple regression method considering the fixed effects of year and industry. Findings: The results of the statistical tests showed that there is a significant relationship between the quality of the internal audit and the accuracy of the company's profit forecast. Originality: Management forecasts are disclosures made by companies to communicate information about their future performance to shareholders. These disclosures are voluntary and are intended to reduce information asymmetry between management and shareholders. Inaccurate forecasts can be very costly for managers and question the credibility of managers and show managerial incompetence. The quality of the internal audit function reduces the likelihood of erroneous, biased, or incomplete information in management reports that managers use to improve their profit forecasts. Manuscript profile -
Open Access Article
2 - Investigation and Recognition of the Effective Factors of Application Continuous Auditing Based on Internal Auditing
Zohreh HajihaThis study investigated the effective factors on motivation of internal auditors to use of continuous auditing. Internal audit is one of the critical bases of control environment. Continuous auditing is designed to enable auditors to assessment in shorter period than th MoreThis study investigated the effective factors on motivation of internal auditors to use of continuous auditing. Internal audit is one of the critical bases of control environment. Continuous auditing is designed to enable auditors to assessment in shorter period than the previous and traditional model.Methodology of the research is survey, a standard questionnaire was used.The 151 questionnaires distributed and collected from the auditors and internal audit supervisors and managers and the random sampling method was used to fit. In four hypotheses of the research influences of effort expectancy, performance expectancy, facilitating conditions and the social influence impact on the motivation of internal auditors in the usage of continuous audit was examined.To analysis and process data structural equations were used. The results suggested there are significant relationship between all factors and motivation of the internal auditors in trying to use continuous auditing, except the effort expectancy. There is significant relationship between performance expectancy and motivation of the internal auditors to use of continuous positive and significant relationship.There is a significant negative relationship between facilitating conditions and motivation of the auditors to use of continuous internal audit and between social influence and motivation of internal auditors to use continuous auditing is a significant positive relationship. Manuscript profile -
Open Access Article
3 - Study for Value-Added Role of Internal Audit
احمد مدرس محمدعلی بیداریIn this study, value-added role of internal audit in companies admitted in TehranStock Exchange were investigated. Based on research framework of Roth, existenceof seven Properties include: Departmental organization, Staffing and workenvironment, Risk assessment, Servic MoreIn this study, value-added role of internal audit in companies admitted in TehranStock Exchange were investigated. Based on research framework of Roth, existenceof seven Properties include: Departmental organization, Staffing and workenvironment, Risk assessment, Services provided, Performance measures of theinternal audit function, Marketing the internal audit function and Reinventing theinternal audit function in the internal audit units were studied with answers from 164questionnaires completed by internal audit staff and senior managers of companies in1389.Results shows that except "Performance measures of the internal auditfunction", other Properties there are to some extent and this unites haven't valueaddedrole. Manuscript profile -
Open Access Article
4 - Examining and explaining the relationship between internal audit and profit management
omran bamari mohammadreza shoorvarzi zahra nooriThe financial scandals that rocked stock markets around the world in the late 1990s and early 2000s severely undermined confidence in the financial reporting process, and thus the financial markets. The focus of internal audit, which was traditionally on operational con MoreThe financial scandals that rocked stock markets around the world in the late 1990s and early 2000s severely undermined confidence in the financial reporting process, and thus the financial markets. The focus of internal audit, which was traditionally on operational controls and risks and assisting management in decision-making, brought to the improvement of the corporate governance process and detection of fraud in management and inappropriate accounting practices (including profit management). This study examines the issue that with the approval of the internal control directive and the requirement to establish an internal audit unit in business units in Iran since 2013, does internal audit lead to a decrease in profit management or not? The time of this research is between 2007 and 2016, which includes 2 periods, 5 years before the requirement of internal audit and 5 years after that for companies admitted to the Tehran Stock Exchange, which is done using the multivariate regression analysis method. It was tested using the F test of Limer and Hausman with the help of Eviews software. In this research, adapted from McNichols (2008), discretionary income used as a measure of earnings management. In addition, the data of 109 companies have been used to test the hypothesis. The results of the coefficients from the hypothesis test showed that the implementation of internal audit had a significant and negative effect on profit management. Manuscript profile -
Open Access Article
5 - The Relationship between Accounting Conservatism & Corporate Governance
مهدی مرادزاده فرد بهمن بنی مهد مهدی دیندار یزدیThis study examines the relationship between corporate governance mechanismsand accounting conservatism in listed companies of Tehran Stock Exchange. In thisstudy, In order to examine the relationship between conservatism and corporategovernance, the ownership percentag MoreThis study examines the relationship between corporate governance mechanismsand accounting conservatism in listed companies of Tehran Stock Exchange. In thisstudy, In order to examine the relationship between conservatism and corporategovernance, the ownership percentage of institutional shareholders, the percentage ofindependent directors, separation of duties of CEO and the chairman of the board ofdirectors, and the existence of the internal auditor at companies as corporategovernance mechanisms and the methods (giovly and Hayn), and (Ball andShivakumar) as conservatism model have been used in 71 firms which listed inTehran Stock Exchange from 2004-2009.Our findings indicate this is a limitation due to low sample size and therequirement to model Ball and Shivakumar large number of observations and duringthe long period of time, in terms of the said model were not statistically significantand take advantage of this method in Iran currently not possible. Furthermore, ourexamination shows that there is a positive relationship between the ownershippercentage of institutional shareholders and percentage of independent directors and anegative association between separation of duties with CEO and the chairman of theboard of directors with the giovly and Hayn model of conservation. We did notobserve a significant relationship between the level of conservation and the existenceof internal auditor in firms in Tehran Stock Exchange. Our results provide support forcomplementary approach regarding conservatism and the corporate governancemechanisms. Manuscript profile -
Open Access Article
6 - Analyzing the Effective of Internal Auditors Voice in Environmental Performance Disclosure
Abdolahe Hasanpoor Darzi Zahra Poorzamani Hamidreza Vakilifard Azita JahanshadBackground and Objective: The auditing profession is an independence-based profession, both in terms of standards and in terms of code of conduct, but internal auditors are different from independent auditors because they operate in a structure owned by corporate execut MoreBackground and Objective: The auditing profession is an independence-based profession, both in terms of standards and in terms of code of conduct, but internal auditors are different from independent auditors because they operate in a structure owned by corporate executives and must be governed by Maintain these conditions of behavioral and functional independence in accordance with auditing standards. The Purpose of this research is evaluating the function of the effective voice of internal auditors in disclosing the environmental performance of capital market companies. Material and Methodology: In this research, which is considered as a methodology of development and composition, an attempt was made to identify the components of the effective voice of internal auditors in exposing the environmental performance of capital market companies by relying on Meta-synthesis and Delphi analysis processes in the qualitative. Then, in the quantitative part, interpretive ranking analysis is used to identify the most effective function of the effective voice of internal auditors in exposing the environmental performance of capital market companies. Fidings: The results of the research in the qualitative section, after screening the content of 12 approved studies, indicated the existence of 8 components of the effective voice function of internal auditors in exposing the environmental performance of capital market companies. These components were evaluated through Delphi analysis and the results of this section showed that all 8 components were approved. Discussion & Conclusion: The results show that auditors who have an identity and rely on the code of professional conduct, based on the limits of the requirements to disclose environmental performance, always try to disclose the company's performance in this area and in this way, they can improve the level of information transparency of the company to external stakeholders. Manuscript profile -
Open Access Article
7 - Investigating Ethical Factors Affecting Internal Audit Reporting Decisions
zahra honarmandi seyedeh zahra mousavi Samira ZareiEthical conduct is considered as one of the conditions for the survival of the internal audit profession. Decisions that are ethically ambiguous can lead to financial reporting errors. This study is the ethical factors of internal audit executive reporting that describe MoreEthical conduct is considered as one of the conditions for the survival of the internal audit profession. Decisions that are ethically ambiguous can lead to financial reporting errors. This study is the ethical factors of internal audit executive reporting that describes the internal auditor's relationship with the organization. For this purpose, the ethical method thinking model is used in which the three ethical factors of perceptions, information, and judgment based on decision-making in internal audit reporting are examined. The research tool was a questionnaire that was distributed and collected among the statistical population in 1399 after localization. The statistical population of the auditors' research was 417 members of the Iranian Association of Internal Auditors, and 200 people were selected as a statistical sample using Cochran's formula. Finally, the responses were analyzed through structural equations. The results show a two-way relationship between the internal auditor's perception of management activities and the use of information technology by the internal auditor, as well as a one-way relationship between the internal auditor's perception of management activities and judgment. Decision-making has technology with judgment and judgment with decision-making, and the relationship between judgment and decision-making is stronger than other relationships. Manuscript profile -
Open Access Article
8 - Design of reckon pattern of behavior optimization
seyed hesam vaghfi Mohamad mehdi Ghomian samiran khajezade Hamid reza GhasmiIn recent decades the importance of internal audit is growing and in today's world, internal auditors have an appropriate role and position in organizations. For adding more value to internal auditing and improving the organization's operations, taking optimal treatment MoreIn recent decades the importance of internal audit is growing and in today's world, internal auditors have an appropriate role and position in organizations. For adding more value to internal auditing and improving the organization's operations, taking optimal treatment strategies have great importance. In this study, first the ideal situation of behavioral strategies was recognized (with an emphasis on proportion of three components of duty, leadership and motivation) in the internal audit department of Mashhad Municipality by Delphi method and then the present status of strategies was identified in the subjected department. Then the ideal situation was compared with the current situation so to extract the probable lack of matching. The results showed that the strategy of "motivation" is proportional to the desired condition so that the mechanism of rewarding employees was also based one are many repetitive tasks. And this strategy should change in order to avoid giving repetitive tasks to employees, and on the other hand categorize and separate the tasks as much as possible. Also about the strategy of the "leadership", necessary changes should be applied (in both delegation of authority and avoidance of ambiguity) so that more authority be delegated to the auditors in the selection of subjects and the managers avoid ambiguity and risk. Manuscript profile -
Open Access Article
9 - Assessing the influence factors of audit fatigue and its impact on audit quality
Siti Zaharah Yacob Sallaudin Hassan Hamad RazaThe thesis is intended for investigating the relationship between audit fatigue and audit quality in the pharmaceutical company. The pharmaceutical industry, being as one of the highly regulated industry face stringent requirements by the regulatory body where the compa MoreThe thesis is intended for investigating the relationship between audit fatigue and audit quality in the pharmaceutical company. The pharmaceutical industry, being as one of the highly regulated industry face stringent requirements by the regulatory body where the company must comply with minimum requirements for the methods, facilities, and controls used in manufacturing, processing, and packing of a drug product. The regulations will provide assurance mechanism that a product is safe for use, and that it has the ingredients and strength it claims to have. However, limited literature is observed in studying the audit fatigue especially with regards to its contribution factor. Several studies and literatures are reviewed, and it was found that most of the literatures are indicating framework of the integration, benefits and type of integration that can be conceptualized and implemented. This research aims to explore the relationship between audit frequency, internal audit management, system workload/ employees’ experiences and audit fatigue. In addition, impact of the audit fatigue on audit quality/ audit outcome shall be investigated and subsequently a conceptual framework will be proposed as per identified hypotheses. Five out of seven hypotheses were supported in the study. The structural model result shows that there are significant and direct effects in the relationship between audit fatigue, audit frequency, workload, and audit quality. The framework developed in this study was able to contribute to the limited body of knowledge in audit fatigue. Manuscript profile -
Open Access Article
10 - The effect of internal audit quality on stock return forecast
javad Mahdizadeh ghalehjough Lida Mahdizadegh ghalehjoughAbstract The inappropriate design of the internal control system lowers the reliability of financial reports, and effective internal audit ensures that the business unit achieves its goals. The purpose of this study was to investigate the effect of internal audit quali MoreAbstract The inappropriate design of the internal control system lowers the reliability of financial reports, and effective internal audit ensures that the business unit achieves its goals. The purpose of this study was to investigate the effect of internal audit quality on the prediction of stock returns. The companies that were members of the stock exchange from 2010 to 2018 were selected as the statistical population of this study. The necessary data to test the research hypotheses were collected from the annual financial information of the companies, which were available on Codal and Stock Exchange websites. The collected data, after the necessary corrections and classifications, were entered into EViews software based on the investigated variables, and the final analyses were performed, and finally, the research hypotheses were confirmed or rejected using inferential statistics and regression model. This research was quantitative research in terms of the conduction process (type of data), applied research in terms of the result of its conduction, analytical research in terms of the purpose of conduction (correlation method), deductive-inductive research in terms of the logic of conduction and longitudinal research (post-event) in terms of time dimension. The results and empirical evidence showed that the financial expertise of internal audit members had a positive effect on the prediction of stock returns, and the size of the internal audit had an effect on the prediction of stock returns. Manuscript profile -
Open Access Article
11 - Examining and explaining the relationship between internal audit and profit sustainability
mohammadreza shurvarziInternal auditing is still an emerging profession. Internal audit plays an important role in helping organizations to achieve their goals and protect their assets (Al-Qudah et al., 2019). In addition, internal audit has become a critical management tool to achieve effec MoreInternal auditing is still an emerging profession. Internal audit plays an important role in helping organizations to achieve their goals and protect their assets (Al-Qudah et al., 2019). In addition, internal audit has become a critical management tool to achieve effective control in organizations (Behren and Ulrich, 2019). The main purpose of this research is to examine and explain the relationship between internal audit and profit stability in companies listed on the Tehran Stock Exchange. Profit stability means the repeatability of current profits. The higher the profit stability, the greater the company's ability to maintain future profits. The period of this research is between 1387 and 1396, which includes two five-year periods, 5 years before the requirement of internal audit and 5 years after that for companies admitted to the Tehran Stock Exchange. which was used by using multivariate regression analysis method using Limer and Hausman's F test with the help of STATA software. In this research, the model of Francis et al. (2005) has been used to measure the stability of profits, and the data of 109 companies have been used to test the hypothesis. has been significant. Manuscript profile -
Open Access Article
12 - Designing the model of internal audit through new technologies in Islamic Azad University
Seyyed Abdulhamid, Cheraghi Allah Karam Salehi Alireza, , Jorjorzadeh Saeed, , NasiriThe objective of this study, is to design the internal audit model through modern technologies in Islamic Azad Universities based on the Grounded theory. For this purpose, in 2022, using the snowball sampling method with 17 specialized faculty boards, managers, and audi MoreThe objective of this study, is to design the internal audit model through modern technologies in Islamic Azad Universities based on the Grounded theory. For this purpose, in 2022, using the snowball sampling method with 17 specialized faculty boards, managers, and auditors of Azad University and other experience in the auditing field, in-depth interviews were conducted up to the saturation stage. Research data were analyzed using the coding method and the main categories and concepts were extracted. A conceptual model was presented by which the influential components in internal audit were identified through new technologies. The results suggested that the most important causal conditions that can be effective in this model are internal control system traditional assessment, web-based accounting, post-expenditure monitoring, integration and coordination, financial discipline, and resource management. Also, to conduct internal audit through new technologies, strategies such as enhancing the quality level of internal audit, agility of the internal control system, alteration and improving processes, and accountability to stakeholders should be adopted. Finally, the research model indicates that internal audit through new technologies in Azad University can have consequences such as continuous auditing, increasing audit quality, eliminating the paper system, pre-expenditure monitoring, increasing financial transparency, reducing audit costs, fast and reliable reporting, protection of people's rights and tuition fees Manuscript profile -
Open Access Article
13 - The Moderating Effect of Internal Audit Function Quality on the Relationship between Corporate Governance Quality and [Corporate Performance
اعظم ولی زاده لاریجانی مونا خداییenglishInternal audit is one of the most important and main mechanisms for more effective, efficient, and better implementation of corporate governance to achieve organizational goals and improve corporate performance. Therefore, the purpose of this study is to investig MoreenglishInternal audit is one of the most important and main mechanisms for more effective, efficient, and better implementation of corporate governance to achieve organizational goals and improve corporate performance. Therefore, the purpose of this study is to investigate the relationship between internal audit performance quality and corporate governance quality with corporate performance and also to investigate the effect of internal audit performance quality on the relationship between corporate governance quality and corporate performance.To achieve this goal, three hypotheses were designed. The statistical population of this research is the companies listed on the Tehran Stock Exchange during the years 1391 to 1398. To measure the quality of corporate governance, indicators of the percentage of ownership of institutional shareholders, the independence of board members, and the use of financial and accounting professionals in the composition of board members have been used. Also, to measure the quality of performance of the internal audit unit, indicators expertise of the internal audit unit manager, the antiquity of the internal audit unit and the outsourcing status of the internal audit unit have been used. The results of this study showed that there is a significant positive relationship between the quality of performance of the internal audit unit and the quality of corporate governance with the performance of the corporate. However, the quality of performance of the internal audit unit does not have a moderating effect on the relationship between the quality of corporate governance and firm performance. Manuscript profile -
Open Access Article
14 - The Effects of International Professional Practices Framework on the Effectiveness of Internal Audit
مجید تاجیک جلایری جواد رمضانی یحیی کامیابیAbstract The starting point for internal collaboration in a reassuring process is to gain insight into the current state of an organization's activities, identify key stakeholders and their needs, and determine how to define the organization's governance. Due to the fa MoreAbstract The starting point for internal collaboration in a reassuring process is to gain insight into the current state of an organization's activities, identify key stakeholders and their needs, and determine how to define the organization's governance. Due to the fact that internal auditors use different approaches, tests and different methods to evaluate leadership in their organization. While presenting a clear picture of what internal auditors based on the framework of international evaluations have adopted, knowledge and internal auditors of the issue in the development of an internal audit comprehensive and efficient measure and attitude of Internal Auditors Iran offer formally evaluate the organization's governance practices. The purpose of this study is to investigate the effects of mandatory and strongly recommended guidelines in the international IPPF framework due to the internal audit of companies listed on the Tehran Stock Exchange. Using random sampling method, 247 people were selected from internal auditors working in the auditing units of reputable companies. The present research is in the category of applied research and in terms of method, it is a descriptive survey. It was a questionnaire for collecting data and information from the library method and data collection tools. All assumptions at the significant p <0.01 "level were analyzed by pls. The results show that the recommended and mandatory guidelines in the international IPPF framework affect the internal audit performance of companies listed on the Tehran Stock Exchange. Manuscript profile -
Open Access Article
15 - Independence of the Internal Auditor; Approaches to Processes that Reduce the Silence and Courage of Internal Auditors
جواد بابایی خلیلی محمدرضا عبدلی حسن ولیانThis study examines the effect of reducing processes in organizational silence of companies on the ethical courage of internal auditors. It is conducted based on a survey-correlation method. Furthermore, it also focused on the responses of 183 accepted internal auditors MoreThis study examines the effect of reducing processes in organizational silence of companies on the ethical courage of internal auditors. It is conducted based on a survey-correlation method. Furthermore, it also focused on the responses of 183 accepted internal auditors on the stock exchange. Then, partial least squares analysis method was used for the findings in 5 frameworks. Moreover, items like positive statesalong with being independent in doing internal auditing responsibilities and perceived support of the supervisor on courage of internal auditors were carefully considered.Findings show that self-efficacy, level of hope, resilience and perceived support of the supervisor on courage of internal auditors have positive and significant effect as the reducing processes in organizational silence of companies on the ethical courage of internal auditors. Finally, it was concluded that more perceived support of the supervisor will end up to more courage on the behavior of such auditors in their performances. Manuscript profile -
Open Access Article
16 - Decision Making and Policy Influenced by Audit Committee Recommendations and Characteristics
Mostafa Heidari Haratemeh Vahid Araei Abstract Today, the importance of the interaction between the audit committee and the internal audit is clear and of great importance. One of the functions of the audit committees is to review and monitor the management's response to the recommendations and fin More Abstract Today, the importance of the interaction between the audit committee and the internal audit is clear and of great importance. One of the functions of the audit committees is to review and monitor the management's response to the recommendations and findings of the internal audit. The purpose of this study is to investigate the impact of the characteristics of the audit committee and the perceptions of the implementation of internal audit recommendations. Therefore, by using the data obtained from the review of senior internal auditors from the sample companies, it was concluded that the greater understanding of the implementation of audit recommendations strongly depends on the existence of independent members of the audit committee and the expertise of the members in auditing and accounting. The results showed: a) the perceptions of the implementation of internal audit recommendations are influenced by frequent meetings between the audit committee and senior internal auditors b) the greater the expertise of the members of the audit committee, the more likely the implementation of internal audit recommendations is c) the negative correlation between the size of the committee there are audits and the implementation of internal audit recommendations d) three dimensions (appointment, review 1, review 3) are positively related to the implementation of internal audit recommendations, but they are not significant e) independence and members with knowledge of accounting and auditing They have a significant impact on the implementation of internal audit recommendations. Manuscript profile -
Open Access Article
17 - The Study of the effect of Internal Audit Function Quality on Management Earnings Forecasts Accuracy
Yassaman Khalili davood Hassanpour ابولفضل مومنی یانسریManagement forecasts are disclosures made by companies to communicate information about their future performance to shareholders. These disclosures are voluntary and are intended to reduce information asymmetry between management and shareholders. Incorrect forecasts ca MoreManagement forecasts are disclosures made by companies to communicate information about their future performance to shareholders. These disclosures are voluntary and are intended to reduce information asymmetry between management and shareholders. Incorrect forecasts can be very costly for managers and question the credibility of managers and show managerial incompetence. The quality of the internal audit function reduces the likelihood of erroneous, biased, or incomplete information in management reports, which managers use to improve their earnings forecasts. Therefore, in the present study, the effect of internal audit function quality on management earnings forecasts accuracy was experimentally tested. To test the research hypothesis, the financial data of the firms listed in Tehran Stocks Exchange during the time period 2018-2022 was used, so that after applying the restrictions in this research, the final sample consisting of 136 firms was selected. After measuring the research variables, multivariate regression analysis based on panel data estimation was used to test the research hypothesis, and the results of the statistical tests showed that there is a positive and significant relationship between internal audit function quality and management earnings forecasts accuracy. Manuscript profile -
Open Access Article
18 - Antecedents and Consequences of Internal Audit Effectiveness and Internal Audit Quality
Hamidreza Ganji seyed rasoul hosayni marzie roozban sara mohamad zadeh niayesh nami fard tehrani AbstractThe Securities and Exchange Organization (SEO) Of Iran has considered the mission of the internal audit to provide independent and impartial assurance and consulting services, in order to add value and improve operations. and, in 2013, all listed firms to More AbstractThe Securities and Exchange Organization (SEO) Of Iran has considered the mission of the internal audit to provide independent and impartial assurance and consulting services, in order to add value and improve operations. and, in 2013, all listed firms to the Tehran Stock Exchange (TSE) and over-the-counter (IFB) has required to form internal audit. The purpose of research is to investigate the impact of effectiveness of internal audit on the quality of internal audit in companies listed in TSE. For this purpose, 12 hypotheses were developed. It is worth mentioning that the "effectiveness of internal audit" variable was classified into three sections including "competence, independence, realism" and "consequences" into three sections including "management support, support and acceptance of the auditor and interdepartmental coordination of internal auditors". It is also worth mentioning that collecting information regarding the "quality of internal audit" variable. due to insufficient disclosure of information, requires to each firms, either the manager or one of the employees of the internal audit or of the committee members was asked to complete a questionnaire consisting of 32 internal audit quality criteria in 2021. The data were analyzed through structural equation modeling using SmartPLS software. Findings show that the records and results of internal audit effectiveness have a positive and significant effect on the quality of internal audit. This study contributes to agency theory by highlighting factors related to internal audit effectiveness and quality audit outcomes to protect the best interests of managers while fulfilling corporate governance requirements. Manuscript profile
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