THE BENEFITS OF INDEPENDENT AUDITOR REPORT POINTS IN TRANSPARENCY OF FINANCIAL STATEMENTS IN BUSINESS BANKS

KHOSHMEHR A.¹, SHABANI M.^2
1Department of Business Administration, Islamic Azad university, Shahre Rey Branch, Tehran, Iran.
²Programming and Analysis of Economic Systems, Tehran, Iran.

Received : 02-02-2013     Accepted : 02-01-2014     Published : 09-01-2014
Volume : 4     Issue : 1       Pages : 70 - 74
Bioinfo Financ Manag 4.1 (2014):70-74

Financial Auditing is recognized as an instrument to improve the quality of Financial Statements of banks at different Periods of accounting. In this respect, large sums of money are spent annually for conducting such kind of auditing. Thus, this is expected to provide banks with fruitful results. The present research has studied the usefulness of the paragraphs of independent auditor & legal inspector report in the transparency of financial statements of governmental commercial banks and is considered as an applied research. The population of research includes 30 cases of paragraphs of auditing report which have been examined through binomial distribution statistical method during the years 2005 to 2009. This research includes a main hypothesis and four subordinate hypotheses. The research result indicated that the main hypothesis was rejected. Removal of paragraphs during the years under study has resulted in the lack of transparency of financial statements.