Restatement of Financial Reporting and Factors Affecting Corporate Governance
Restatement of financial statements is the corrections in financial statement because of not matching with generally accepted accounting principles. Restatement of financial statement indicates that the previous statement is not transparent and lacks required quality. The basic goal of this study is...
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| Autores principales: | , |
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| Formato: | article |
| Lenguaje: | FA |
| Publicado: |
Shahid Bahonar University of Kerman
2016
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| Materias: | |
| Acceso en línea: | https://doaj.org/article/8f428f0b40ea4b97a0138d643a3e821b |
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| Sumario: | Restatement of financial statements is the corrections in financial statement because of not matching with generally accepted accounting principles. Restatement of financial statement indicates that the previous statement is not transparent and lacks required quality. The basic goal of this study is to examine the relationship between some elements of corporate governance mechanisms and restatement of financial statements. In this study a sample of 125 companies listed in the Tehran Stock Exchange was selected, and their financial information in the years 2008 to 2011 were collected. According to theoretical concerns and published researches, five hypotheses formulated and tested, and pooled data regression models were employed. The results of hypothesis testing showed that stronger the elements of corporate governance in a company, better the reporting quality and lesser the possibility of restatement of financial reports (given that restatement is a criterion of low quality financial statement). |
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