Volume-7, Number - 1  
Month: January - June, 2011
 RESEARCH

A Study to Evaluate the Need of Audit Committee : An Empirical Evidence From Iran

Mahdi Salehi
Ali Mansoury
Reza Pirayesh


Zanjan University, Zanjan-Iran

Page No. 39

Purpose/Aim: When managers use judgment in financial reporting and in structuring transactions to alter financial reports to either mislead some stakeholders about the underlying economic performance of the company, or to influence contractual outcomes that depend on reported accounting numbers (Healy and Wahlen,1999).