Specific characteristics of the company, the effectiveness of the audit committee and the performance of the internal audit on Internet financial reporting

Purpose: The purpose of this study is to investigate the contribution of audit committee effectiveness, internal audit performance and company specific characteristics in Internet financial reporting. It also seeks to understand which characteristics of audit committee effectiveness and internal audit performance contribute to Internet financial reporting variances. This research is correlational. The statistical population studied in this research is the companies admitted to the Tehran Stock Exchange in the period from 2013 to 2021. The reason for choosing companies accepted in Tehran Stock Exchange is easy access to financial information of companies, high reliability of information and comparability of such information. In this research, to determine the sample size, the number of companies under study is extracted by using the statistical population screening method. The analysis shows that audit committee effectiveness and internal audit performance contribute significantly to the positive variance in Internet financial reporting. In terms of audit firm size, the role of risk management and the role of regulatory compliance significantly contribute to the positive variances in Internet financial reporting compared to the role of governance processes and the evaluation of the role of internal control. This study confirms that the main characteristics of audit committee effectiveness for Internet financial reporting purposes are audit committee effectiveness and power. For internal audit performance characteristics, unlike governance processes and internal control reviews, only risk management and regulatory compliance significantly contribute to positive changes in Internet financial reporting.