DOI: https://doi.org/10.32461/2226-3209.1.2018.177209

EXAMINING THE RELATIONSHIP BETWEEN THE AUDIT COMMITTEE, THE INCENTIVE SYSTEM OF MANAGEMENT AND THE AUDIT FEES OF COMPANIES IN IRAN

Seyed Saeed Hoseini, Mohammadreza Karimi-Pouya

Abstract


Abstract. The purpose of this study is to investigate the relationship between audit committee,
management incentive system, and audit fees of companies in Tehran Stock Exchange, of which 69 were selected as a sample during the years 2012 to 2014, according to the systematic elimination rule. This research is applied in terms of purpose and is quasi-experimental in terms of research method. According to the results, the Flimer method is the used pool method. Also, hypothesis testing was performed using multivariate linear regression model. Also, hypothesis testing was performed using multivariate linear regression model. The results of the hypotheses show that there is a significant relationship between the independence, the size and expertise of the audit committee and audit fees, but there is not a significant relationship between the audit committee experience and the incentive system of management, which is derived from the remuneration, and audit fees.
Keywords: Audit Committee, management incentive system, audit fees.


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