The effect of revaluation of assets on audit fees

In the recent years, many companies in the Tehran Stock Exchange, TSE, revaluated their non-current assets and increased their capital value to do reforms in their financial structure and to exit from the inclusion of Article 141 of the Commercial Code. This, with regard to the inflation condition i...

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Autores principales:	Fardin Mansouri (Ph.D), Moslem Saeidi Goraghani, Nahid Asadi Dobani
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2018
Materias:	audit fees business law revaluation of assets tehran stock exchange Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/c3cad8d054b047f093761da290539599
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spelling	oai:doaj.org-article:c3cad8d054b047f093761da2905395992021-11-04T19:53:27ZThe effect of revaluation of assets on audit fees2008-89142476-292X10.22103/jak.2017.10156.2374https://doaj.org/article/c3cad8d054b047f093761da2905395992018-01-01T00:00:00Zhttps://jak.uk.ac.ir/article_1864_34840e44edc39957943fe4645764616f.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XIn the recent years, many companies in the Tehran Stock Exchange, TSE, revaluated their non-current assets and increased their capital value to do reforms in their financial structure and to exit from the inclusion of Article 141 of the Commercial Code. This, with regard to the inflation condition in the community, often increases firms’ capital values and changes financial statements that may cause auditors revalue their audit fees. This study aims at investigating the effects of revaluating non-current assets on audit costs of firms. In this study, a sample of 127 companies listed in the TSE was selected, in which 62 companies revaluated their non-current assets and 65 companies held their own historical value of non-current assets unchanged, all in the period 2010 to 2016, and then, the data was collected from financial statements of these companies. Findings showed that revaluation of assets leads to increase in audit costs. Also, the companies that reevaluate their own assets, compared to other companies, experience more audit costs.Fardin Mansouri (Ph.D)Moslem Saeidi GoraghaniNahid Asadi DobaniShahid Bahonar University of Kermanarticleaudit feesbusiness lawrevaluation of assetstehran stock exchangeAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 8, Iss 4, Pp 141-159 (2018)
institution	DOAJ
collection	DOAJ
language	FA
topic	audit fees business law revaluation of assets tehran stock exchange Accounting. Bookkeeping HF5601-5689
spellingShingle	audit fees business law revaluation of assets tehran stock exchange Accounting. Bookkeeping HF5601-5689 Fardin Mansouri (Ph.D) Moslem Saeidi Goraghani Nahid Asadi Dobani The effect of revaluation of assets on audit fees
description	In the recent years, many companies in the Tehran Stock Exchange, TSE, revaluated their non-current assets and increased their capital value to do reforms in their financial structure and to exit from the inclusion of Article 141 of the Commercial Code. This, with regard to the inflation condition in the community, often increases firms’ capital values and changes financial statements that may cause auditors revalue their audit fees. This study aims at investigating the effects of revaluating non-current assets on audit costs of firms. In this study, a sample of 127 companies listed in the TSE was selected, in which 62 companies revaluated their non-current assets and 65 companies held their own historical value of non-current assets unchanged, all in the period 2010 to 2016, and then, the data was collected from financial statements of these companies. Findings showed that revaluation of assets leads to increase in audit costs. Also, the companies that reevaluate their own assets, compared to other companies, experience more audit costs.
format	article
author	Fardin Mansouri (Ph.D) Moslem Saeidi Goraghani Nahid Asadi Dobani
author_facet	Fardin Mansouri (Ph.D) Moslem Saeidi Goraghani Nahid Asadi Dobani
author_sort	Fardin Mansouri (Ph.D)
title	The effect of revaluation of assets on audit fees
title_short	The effect of revaluation of assets on audit fees
title_full	The effect of revaluation of assets on audit fees
title_fullStr	The effect of revaluation of assets on audit fees
title_full_unstemmed	The effect of revaluation of assets on audit fees
title_sort	effect of revaluation of assets on audit fees
publisher	Shahid Bahonar University of Kerman
publishDate	2018
url	https://doaj.org/article/c3cad8d054b047f093761da290539599
work_keys_str_mv	AT fardinmansouriphd theeffectofrevaluationofassetsonauditfees AT moslemsaeidigoraghani theeffectofrevaluationofassetsonauditfees AT nahidasadidobani theeffectofrevaluationofassetsonauditfees AT fardinmansouriphd effectofrevaluationofassetsonauditfees AT moslemsaeidigoraghani effectofrevaluationofassetsonauditfees AT nahidasadidobani effectofrevaluationofassetsonauditfees
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The effect of revaluation of assets on audit fees

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