Document Type : Original Research Paper

Authors

• Yassaman Khalili
• maryam sadeghi
• abdolkhalegh khonaka
• Abolfazl Momeni Yanesari

Abstract

BACKGROUND AND OBJECTIVES: Insurance companies, as one of the main pillars of the financial system, play a pivotal role in managing economic risks and providing financial security for individuals and legal entities. Given the increasing importance of social responsibility in this industry, this study examines the impact of the effectiveness of the audit committee and the internal audit performance quality on social responsibility reporting in Iranian insurance companies.
METHODS: The research method is correlational in nature and content, and hypothesis testing based on multivariate regression was used. In terms of the type of purpose, it is an applied research and the research was conducted within the framework of inductive reasoning. The statistical population includes all insurance companies in Iran, and in order to achieve the research goal, the period between 1398 and 1402 was selected as a sample.
FINDINGS: The results obtained from testing the research hypotheses indicate a significant and direct (positive) effect of audit committee effectiveness and internal audit performance quality on improving social responsibility reporting. Specifically, increasing audit committee effectiveness and improving internal audit quality lead to increased transparency, accuracy, and reliability of social responsibility reports. These results indicate that a strong corporate governance structure, especially through the effective performance of audit committees and internal audit units, can help improve social accountability and increase stakeholder trust.
CONCLUSION: By providing new empirical evidence, this study contributes to the existing literature on social responsibility reporting and corporate governance in the insurance industry. The findings of this study can be used as a basis for policymakers, managers, and regulatory agencies to improve reporting processes and increase transparency in insurance companies.
BACKGROUND AND OBJECTIVES: Insurance companies, as one of the main pillars of the financial system, play a pivotal role in managing economic risks and providing financial security for individuals and legal entities. Given the increasing importance of social responsibility in this industry, this study examines the impact of the effectiveness of the audit committee and the internal audit performance quality on social responsibility reporting in Iranian insurance companies.
METHODS: The research method is correlational in nature and content, and hypothesis testing based on multivariate regression was used. In terms of the type of purpose, it is an applied research and the research was conducted within the framework of inductive reasoning. The statistical population includes all insurance companies in Iran, and in order to achieve the research goal, the period between 1398 and 1402 was selected as a sample.
FINDINGS: The results obtained from testing the research hypotheses indicate a significant and direct (positive) effect of audit committee effectiveness and internal audit performance quality on improving social responsibility reporting. Specifically, increasing audit committee effectiveness and improving internal audit quality lead to increased transparency, accuracy, and reliability of social responsibility reports. These results indicate that a strong corporate governance structure, especially through the effective performance of audit committees and internal audit units, can help improve social accountability and increase stakeholder trust.
CONCLUSION: By providing new empirical evidence, this study contributes to the existing literature on social responsibility reporting and corporate governance in the insurance industry. The findings of this study can be used as a basis for policymakers, managers, and regulatory agencies to improve reporting processes and increase transparency in insurance companies.

Keywords

• Audit committee effectiveness
• Insurance companies
• Internal audit quality
• Social responsibility reporting

Main Subjects

• Corporate Governance in Insurance Companies