The Role of Workforce Support on Financial Restatement: Evidence from Iran

With the implementation of the internal control process, we want to obtain reasonable assurance about the effectiveness and efficiency of operations and the ability to rely on financial reporting and compliance with the laws and other vital elements for the company’s survival. The current study aims...

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Main Authors: Mahmoud Mousavi Shiri, Saeideh Nazari
Format: Article
Language:English
Published: Ferdowsi University of Mashhad 2025-07-01
Series:Iranian Journal of Accounting, Auditing & Finance
Subjects:
Online Access:https://ijaaf.um.ac.ir/article_46375_b0b32a2b38bdbaba95f40a8b7d145f96.pdf
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author Mahmoud Mousavi Shiri
Saeideh Nazari
author_facet Mahmoud Mousavi Shiri
Saeideh Nazari
author_sort Mahmoud Mousavi Shiri
collection DOAJ
description With the implementation of the internal control process, we want to obtain reasonable assurance about the effectiveness and efficiency of operations and the ability to rely on financial reporting and compliance with the laws and other vital elements for the company’s survival. The current study aims to investigate whether financial restatement is affected by human factors of listed companies on the Tehran Stock Exchange. The statistical population of this study includes all listed firms on the Tehran Stock Exchange during 2018-2023.The results show a positive and significant relationship between employee support and the occurrence of financial restatements. Further, the results confirm a positive relationship between the ability of managers and financial restatement. By the way, a negative relationship between the existence of an internal control weakness in financial reporting and the financial restatement obtained. This study provides evidences that the support of human force, as one of the factors in implementing internal control, contributes to the role of internal control on financial restatement.
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spelling doaj-art-3ccf9e5baaa94bbc8ae0298a314ef5cf2025-08-20T03:07:32ZengFerdowsi University of MashhadIranian Journal of Accounting, Auditing & Finance2717-41312588-61422025-07-019313915010.22067/ijaaf.2025.46375.150846375The Role of Workforce Support on Financial Restatement: Evidence from IranMahmoud Mousavi Shiri0Saeideh Nazari1Department of Management ,Economics and accounting , Payame Noor University, Tehran, IranDepartment of Accounting, Faculty of Accounting and Financial Sciences, College of Management, University of Tehran, Tehran, IranWith the implementation of the internal control process, we want to obtain reasonable assurance about the effectiveness and efficiency of operations and the ability to rely on financial reporting and compliance with the laws and other vital elements for the company’s survival. The current study aims to investigate whether financial restatement is affected by human factors of listed companies on the Tehran Stock Exchange. The statistical population of this study includes all listed firms on the Tehran Stock Exchange during 2018-2023.The results show a positive and significant relationship between employee support and the occurrence of financial restatements. Further, the results confirm a positive relationship between the ability of managers and financial restatement. By the way, a negative relationship between the existence of an internal control weakness in financial reporting and the financial restatement obtained. This study provides evidences that the support of human force, as one of the factors in implementing internal control, contributes to the role of internal control on financial restatement.https://ijaaf.um.ac.ir/article_46375_b0b32a2b38bdbaba95f40a8b7d145f96.pdfemployee supportfinancial restatementand internal control weaknesses in financial reporting
spellingShingle Mahmoud Mousavi Shiri
Saeideh Nazari
The Role of Workforce Support on Financial Restatement: Evidence from Iran
Iranian Journal of Accounting, Auditing & Finance
employee support
financial restatement
and internal control weaknesses in financial reporting
title The Role of Workforce Support on Financial Restatement: Evidence from Iran
title_full The Role of Workforce Support on Financial Restatement: Evidence from Iran
title_fullStr The Role of Workforce Support on Financial Restatement: Evidence from Iran
title_full_unstemmed The Role of Workforce Support on Financial Restatement: Evidence from Iran
title_short The Role of Workforce Support on Financial Restatement: Evidence from Iran
title_sort role of workforce support on financial restatement evidence from iran
topic employee support
financial restatement
and internal control weaknesses in financial reporting
url https://ijaaf.um.ac.ir/article_46375_b0b32a2b38bdbaba95f40a8b7d145f96.pdf
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