FINANCIAL ACCOUNTING
Year:2015 | Volume:7 | Issue:27|Papers Count:8

In this study, the relationship between delay in the announcement of quarterly forecasts of annual earnings and the type of earnings news of companies listed in Tehran stock exchange (TSE), based on data from 130 companies during the years 2005-2014 is examined. To do this, five hypothesis were specified. The statistical methods used in testing hypotheses is panel data regression. Findings show that there is a positive relationship between the bad news type (negative adjustments in earnings forecast) and the delay in announcing quarterly forecast of annual earnings that Consistent with the pattern of good news early, bad news late. Also, the amount (enlargement) of negative adjustments is positively related with delay in announcing quarterly forecast, but as coverage percentage - a sign of success - increases, the amount of delay in announcing earnings forecast decreases. On the other hand, as the delay in announcing earnings forecast increases, earnings forecast error (earnings forecast accuracy), decreases (increases), That can be one of the possible motives for the delay in the announcement earnings.

Inventories constitute the main part of firms’ working capital. Maximizing the return from inventory holding is one of the financial managers’ goals and to achieve this purpose, an optimal level of inventory holding must be identified by manager and this requires the identification of factors affecting firms’ inventory holding. In this research, first the determinants of inventory holding are identified using multivariate regression analysis in 158 firms from 2002 to the end of 2013 and then the importance of significant factors is ranked using decision tree and neural network algorithms. The results of regression analysis show that except firms’ leverage and age, other research variables show a significant relationship with the level of inventory holding. Also, the ranking process of variables indicate that capital expenditure and firm size posit the most importance and cash from operations and firm growth have the least importance in explaining the level of firms’ inventory holding.

Using variables such as client size, complexity, risk, internal auditor, auditor size, and industry, empirical research explains price behaviour of audit fees, and often attributes this pattern to audit fee model. Our study helps to explain why the audit fee model does not fully explain the level of audit fees, because it does not take account of fee stickiness and the influence of previous fees. This paper examines the audit fee stickiness in Iranian firms, using panel data analysis. The sample is comprised of 79 publicly traded firms listed in Tehran Stock Exchange (TSE) using object oriented sampling method. Using data for 1386-1392, we find evidence that audit fees are sticky, i.e. they do not fully adjust to the levels predicted by a standard audit fee model. Audit fees also go up more quickly than they come down. We also find that the difference between upward and downward audit fee adjustments reduces in the second year and when longer periods of time are aggregated. Furthermore the results show that changing auditors has no effect on audit fee stickiness.

According to the agency theory, each of the parties (management group and shareholders) pursues their personal interests. Hence, agency relationship leads to problems that Based on agency theory imposes costs on shareholders. So, Shareholders to reduce agency costs, evaluate the performance of their managers. Therefore, this study aims to answer to this question: Is there a significant relationship between agency costs and performance assessment criteria? To answer this question, the relationship between agency costs and performance assessment criteria by using structural equation modeling approach has been investigated. Observed variables such as firm size, assets utilization ratio, discretionary expenses ratio, free cash flow ratio and leverage ratio are considered as agency costs proxies. In addition earnings of per share, retune on assets, market value added and Tobin’s q ratio are entered to the model as depends variables. The study sample consists of firms listed in Tehran Stock Exchange during the years 2003 to 2012. The result shows that agency costs have a significantly positive impact on performance assessment criteria.

Because of performing different procedures for companies with different operations, except reliability, auditors may affect other qualitative characteristics of accounting information. This study is looking for a relationship between auditor style and relevance and comparability of accounting information. For this purpose auditor style is independent variable and relevance and comparability of accounting information are dependent variables. For analyzing and testing hypotheses multivariate regression models with mixed data are used and the necessary information gathered from 3248 samples of Tehran Stock Exchange’s accepted companies for the financial years of 2006 to 2013. The results of this study show that the there are significant statiistical relations between auditor style and relevance and comparability of accounting information and on this basis auditors not only affect reliability of accounting information but also can affect relevance and comparability of these information.