The Impact of Key Issues of Risk-Based Auditing at the Company Level and at the Account Level on Stock price synchronicity with respect to Governmental and Non-Governmental Institutional Ownership

In this study, the effect of key issues of risk-based auditing at the company level and at the account level on the stock price synchronicity with respect to governmental and non-governmental institutional ownership was investigated. For this purpose, 121 companies were surveyed during the period 2012-2021. In this study, the variables were extracted from Rahavard 3 software and summarized, classified and calculated by Excel software, and finally the hypotheses were tested using Eviews and Stata software at a confidence level of 0.95. Findings showed that the key issues of risk-based auditing at the company level and at the account level have a negative and significant effect on stock price synchronicity. The results also showed that institutional ownership and non-governmental institutional ownership have a negative and significant effect on the relationship between key issues auditing and stock price synchronicity. In addition, the results showed that government institutional ownership has a positive and significant effect on the relationship between key issues auditing and stock price synchronicity.