The impact of CEOs' Ethnic characteristics on audit report lags and audit fees in Iran

Abstract

Purpose – Timeliness in financial reporting is so important that it is mentioned in accounting conceptual framework as qualitative characteristics of accounting information. In this research, it is tired to consider a new attitude in accounting research in the field of audit report lag and audit fees. Design/Methodology/Approach– The study used the data from listed companies on the Tehran Stock exchange during 2009 -2015. Findings – The findings show that there is a significant relationship between audit report lag and variables including type of audit firm, number of Basis for Modification Paragraphs, audit opinion and ROA. Also there is a significant relationship between audit fees and variables including audit firm change during the fiscal year, type of audit firm, number of basis for modification paragraphs, CEO’s educational degree and company size. Originality/value – The results of the current study may give more information about the fluctuation of audit fees in developing nations.

Keywords

• ceo’s ethnicity
• audit report lag
• audit fees