Auditor Switching and Abnormal Returns

Iranian Journal of Accounting, Auditing and Finance

مقاله 3، دوره 5، شماره 4 - شماره پیاپی 17، زمستان 2021، صفحه 39-53   

نوع مقاله: Original Article

شناسه دیجیتال (DOI): 10.22067/ijaaf.2021.41022

نویسندگان

Mohammad Javad Zare Bahnamiri^{* 1}؛ Narges Sarlak²؛ Niloofar Beyki³

¹Departmentof Accounting, University of Qom, Qom, Iran

²Department of Accounting, Faculty of economic and management, Qom university

³Department of Accounting, Faculty of Economic and Management and , Qom university

چکیده

Every investor pays special attention to the main factor in their decisions: a return. What is essential for users of financial information is not the procedures and principles used in accounting, but the exit from the financial system, because it helps them achieve their goals. Many capital market concerns focus on accounting and auditing operations. Therefore, the auditor's independence is the basis of public trust in the audit process and the assurance of auditors` reports. For this purpose, this study investigates the effect of auditor switching on abnormal returns. Therefore, three hypotheses have been formulated, and a sample consisting of 365 companies listed on the Tehran Stock Exchange during the years 2010 to 2020 has been selected. The results indicate that auditor switching has no significant effect on abnormal returns. Also, between the CU switch and CD switch, the CD switch has a negative and significant effect on abnormal returns.

کلیدواژه‌ها

Abnormal Return؛ Auditor Switching؛ Behavioral Finance؛ Six-factor Model Fama & French

مراجع