A Study of Identifying Relationship between Financial expertise of the Audit Committee Members and Presentation of Financial statements in the Tehran stock exchange

The purpose of this study is to investigate the relationship between independence, financial expertise of the members of the audit committee and the presentation of the statements in the companies of Tehran stock Exchange. In this study, the independent variables are: financial expertise, independence. Size of Audit Committee and to be formal accountant of internal auditor head and the dependent variable is: restate financial statement and control variables included: the firm size, leverage, size of audit Firm and delay of audit report. For this purpose, the information of 73 companies in Tehran stock Exchange has been extracted during 2012-2015. Several variables with the data panel technique were analyzed using a multivariate regression. The results indicate that there is a significant and positive relation between the size of the audit committee and financial expertise of audit committee members with restate of financial statements. There is no meaningful relationship between the size of the audit committee and to be formal accountant of internal auditor head with restate of financial statements.