The Relationship between Normal and Abnormal Audit Fees and Financial Restatements

The present study aims to analyze the relationship between normal and abnormal audit fees on financial restatements.This article benefits from an applied method, and the statistical method used includes a panel regression pattern. Five hypotheses are formulated and tested for this study. The study's statistical sample comprises ۱۱۶ enlisted companies on the Tehran Stock Exchange from ۲۰۱۲-۲۰۱۶.The results obtained from hypothesis testing show that the audit fees and audit fees shortage sensitivity significantly affect the Tehran Stock Exchange's financial restatements. Furthermore, these results suggest that abnormal audit fees, high-standard audit fees, compared with low-standard audit fees, and excessive audit fees sensitivity could not influence the financial restatements. 

Keywords:

financial restatements , Normal Audit Fees , Abnormal Audit Fees