A comparative Study of the Views of the Directors and Auditors in relation to the Effectiveness of Internal Controls Reporting on Financial Reporting Improvement

The present study, compare the views of members of professional groups and experts (including company directors and auditors) in relation to the necessity of a new report entitled "internal control report", aspects of usefulness and its impact on improving financial reporting.
The research method used is Descriptive- survey method and according to research subject, statistical population of research including directors of firms listed in Tehran Stock Exchange and auditors employed in auditing organization and audit Institutions. Required information has been collected using questionnaires. For data analysis, use of comparison test of means.
The results indicate that managers and auditors have agreed on the usefulness of the internal control report. From the perspective of managers in relation to the voluntary reporting internal controls, improve financial reporting. The auditors also believe that mandatory reporting management in relation to internal controls, financial reporting did not improve. Other results indicate that, between the directors and the auditor's opinion, there are significant differences in relation to internal control reporting.