Explaining a comprehensive model for measuring the quality of audit report, providing quality rating and comparative comparison with the ranking of auditing institutions

The Purpose of this study is to explain a model for assessing the quality of audit reports providing quality ratings for issued reports and finally Conformity of the rank of trusted auditing institutions in the IACPA and the SEO with the obtained rank of the quality of the audit report. The method of the research is descriptive-survey and the implementation method is the Delphi of experts. Finally, a checklist for evaluating the quality of audit reports was prepared. The final checklist consists of thirteen sections; each section is divided into subsidiary indicators. The number of subsidiary indicators determines the quality control score of the reports which is 42 indicators. In order to explain main indicators of the checklist from auditing report standards, the auditor's position regarding compliance with the legal requirements and the tone and frankness of reporting have been used. The research was conducted throughout the year 2020 and the sample used is the audit reports of TSE and OTC Listed companies. The findings show that there is a positive and significant relationship between the quality ratings of the audit report with the ranking of the IACPA. However, there was no significant relationship between the quality rating of the audit report and the ranking of the SEO.