The Impact of CEOs' Ethnic Characteristics on Audit Report Lags and Audit Fees in Iran

Timeliness in financial reporting is so crucial that it is mentioned in the conceptual accounting framework as qualitative characteristics of accounting information. This research tries to consider a new attitude in accounting research in audit report lag and audit fees. The study used the data from listed companies on the Tehran Stock exchange during 2009 -2015. The findings show a significant relationship between audit report lag and variables including type of audit firm, number of Basis for Modification Paragraphs, audit opinion, and ROA. Also, there is a significant relationship between audit fees and variables, including audit firm change during the fiscal year, type of audit firm, number of the basis for modification paragraphs, CEO’s educational degree, and company size. The current study results may give more information about the fluctuation of audit fees in developing nations.