Audit Tenure and Audit Turnover relation with the report of weaknesses of internal control on financial reporting

In accordance with existing rules and regulations, it appears that the company's independent auditors can play a significant role in identifying and disclosing material weaknesses in internal controls. Accordingly, the purpose of the present study is to examine the tenure and rotation of independent auditors (at the level of the institution and the partner) and the material weaknesses of internal controls over financial reporting. The statistical population of this research is the companies listed on the Tehran Stock Exchange during the years 1391 to 1398 and the method of data analysis is logistic regression. The results show that there is a positive and significant relationship between the tenure of the independent auditor (at the level of the institution and the partner) and the disclosure of material weaknesses of internal controls over financial reporting in the independent auditor's report. There is also a positive and significant relationship between the audit firm's turnover and the disclosure of material new weaknesses in the internal controls over financial reporting in the independent auditor's report. However, no significant relationship was observed between the audit firm's turnover and the disclosure of material new weaknesses in the internal controls over financial reporting in the independent auditor's report.