Nature of financial statements restatement in Iran: in according to Classification of GAO

The term «annual adjustments» is annoying capital market participants and Experts that Unfortunately، normally and frequently included in the financial statements of the firms. The renewed focus on the financial restatements may be necessary. the present study investigate the nature of financial statements restatement in according to Classification of GAO to be classified. For this purpose، 48 companies with the highest annual adjustments (more than 5% of operating profit) are chosen and the nature of financial statements restatement have been investigated. The results have shown that improperly recognizing costs or expenses (including tax and without tax) Allocated the maximum amount of the financial statements restatement. Also this research present causes of financial statements restatement in accordance with domestic and foreign researches.