The presence of board members with good governance attributes is value-relevant since it influences investors' investment decisions. The value relevance is expected to improve with the newly introduced extended audit report to disclose key audit matters (KAMs). KAM disclosure provides...

Purpose Past studies show that companies’ connection with the government (or politically connected companies (PCCs)) contributed negatively to their financial performance. The grabbing hand theory suggests that political connection demand companies to serve political and social obligation that...

Audit services were provided exclusively by a state entity in Iran until late 2001, when the audit market was liberalised. The liberalisation of the audit market resulted in increased competition, as more private auditors became licensed to operate and provide audit services. The present study...

Intellectual Capital (IC) is a non-monetary asset that can generate future economic values in companies. Contemporary school of thought has now begun to recognize the importance of non-financial factors, particularly IC (which is always off the balance sheet) in addition to financial measures...