Presenting a Model for Restatement of Financial Statements Using the Perspective of Corporate Social Responsibility Disclosure

Rezaei, Malik; Forouzandeh, Javad; Zivdar, Zohreh

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year 17, Issue 66 (2025)

fa 2025, 17(66): 94-116

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Presenting a Model for Restatement of Financial Statements Using the Perspective of Corporate Social Responsibility Disclosure

Malik Rezaei¹

, Javad Forouzandeh ^*¹

, Zohreh Zivdar²

1- Department of Accounting, Na.C, Islamic Azad University, Najafabad, Iran.
2- Department of Accounting, Dol.C, Islamic Azad University, Isfahan, Iran.

Abstract: (199 Views)

The purpose of this study is to present a model for restatement of financial statements using corporate social responsibility disclosure. In this study, the principal component factor analysis method was used to model the restatement of financial statements. The statistical population of the research in the qualitative section is 18 experts and the quantitative section includes 105 companies listed on the Tehran Stock Exchange, which were selected as the research sample using the systematic elimination method between 2012 and 2023..Logistic regression models were used to investigate the research question. The results showed that accounting disclosure quality and information asymmetry have a negative effect and financial crisis has a positive effect on financial statement restatement. However, the variables of social responsibility disclosure quality, environmental, social and governance reporting rating, accounting information quality, political connections and stakeholder influence do not have a significant effect on financial statement restatement. Consequently, Participation in corporate social responsibility activities can be used as an effective strategy to protect against adverse market outcomes when negative events occur. Policymakers, regulators and government agencies should be more responsible for holding companies more accountable for their disclosed corporate social responsibility information.

Article number: 6

Keywords: Financial Statement Restatement, Corporate Social Responsibility Disclosure, Accounting Disclosure Quality

Full-Text [PDF 3083 kb] (115 Downloads)

Type of Study: Research | Subject: Special

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Rezaei M, Forouzandeh J, Zivdar Z. Presenting a Model for Restatement of Financial Statements Using the Perspective of Corporate Social Responsibility Disclosure. fa 2025; 17 (66) : 6
URL: http://qfaj.mobarakeh.iau.ir/article-1-2905-en.html

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