Restatementsincreasing qualityand the role of the audit committee and information asymmetry

Restatement on the capital market contains important information for investors and capital market actors, but contrary to how Restatement reflects a failure in the past, it can contain useful information about the firms that will improve the financial statements quality. existence or absence of quality of financial statements is one of the topics that have been overlooked in current research, so in this study, a model to measure the increasing quality of restatement by the emphases the role of the audit committee characteristics and information asymmetry Will be provided. The sample of the present study consists of 108 firms during 2012 and 2018 Which was selected by systematic elimination method. The results showed that audit committee characteristics (the existence or absence of the audit committee, the independence of the audit committee and financial expertise of members of the audit committee) has a positive effect on restatement. And also, information asymmetry, has a significant effect on the quality of restatement.