Independent Auditor Opinion, Corporate Governance and Financial Reporting Quality in Firms Listed in Tehran Stock Exchange
Keywords:
Accounting Information Quality, Corporate Governance, Qualified Opinion, Tehran Stock Exchange, Unqualified Opinion.Abstract
The aim of this research is to investigate the relationship between the independent auditor, the Corporate Governance (CG) and accounting information quality of firms listed in Tehran Stock Exchange (TSE). In the study, 90 firms investigated during 2003-2012. Researcher-made questionnaire is applied based on CG codes of TSE to measure the CG quality. Dechow and Dichev model is used for calculating of the accounting information quality. The findings of study indicate the unqualified opinion ratio is not more than the qualified opinion ratio in the companies with the strong quality level of the CG, and the accounting information quality too. However, in the companies with the low and average quality levels of the CG, and the accounting information quality, the qualified opinion ratio is more than the unqualified opinion ratio. Also, the results show that there is the positive strong correlation between CG and the accounting information quality.
