International Science Community Association Research Journal of Recent Sciences 2277 - 2502 3 10 2014 October 2 Economic Consequences Qualified Audit Opinions: Evidence from listed Companies in Tehran Stock Exchange 89 95 EN A. Kiran 1 Department of Management Sciences, Shaheed Zulfikar Ali Bhutto Institute of Science andTechnology, (SZABIST) Islamabad Campus, PAKISTAN Khan M.A. 2 Hemmatipour Mohammad 1 Islamic Azad University, Germi branch, Ardabil, IRAN Javidzade HamidReza 2 Germi Branch, Ardabil, IRAN Fani Reza 3 Khosrotabar Azadeh 1 Shiraz University, IRAN Fakhrahmad SeyedMostafa 2 S. Fazelian 1 Health Care Center, Kermanshah University of Medical Sciences, Kermanshah, IRAN N. Namazi 2 Research Committee, Faculty of Nutrition, Tabriz University of Medical Science, Tabriz, IRAN J. Heshmati 3 Jafari Hamed 1 Master of Physical Education and Sports Science, Islamshahr Branch, Islamic Azad University, Tehran, IRAN Hadavi SeyedehFarideh 2 Islamshahr Branch, Islamic Azad University, Tehran, IRAN Vashmehsaraei MehrshadNasiri 1 Master of Executive Management, Alborz, IRAN Vahedi Elham 2 Department of Executive Master of Business Administration, Alborz, IRAN Shirian Abbas 3 Department of Management and Global Economy, Instroct Scientific Applied Training Center, Tehran, IRAN Jaganathan GaneshK. 1 Institute of Biothermal Technology, University of Shanghai for Science and Technology, Shanghai 200093, CHINA Baolin Liu 2 Laleh Lajevardi 1 Department of Occupational Therapy, School of Rehabilitation Sciences, Iran University of Medical Sciences, Tehran, IRAN Afsoon HassaniMehraban 2 Dept. of Occupational Therapy, School of Rehabilitation Sciences, Rehabilitation Research Center, Iran Uni. of Medical Sciences, Tehran, IRAN RassafianiMehdi 3 Dept. of Occupational Therapy, Pediatric Neuro Rehabilitation Research Center, Uni. of Social Welfare and Rehabilitation Sci., Tehran, IRAN Kamali Mohammad 4 Department of Rehabilitation Management, School of Rehabilitation Sciences, Iran University of Medical Sciences, Tehran, IRAN G O'Toole 5 University of Newcastle, AUSTRALIA Roman Michalovic 1 Faculty of Special Engineering, Mikomix, Družinská 897, Rosina, SLOVAKIA Khan WafaQaiser 1 Computer and Software Engineering Department, Bahria University, Karachi Campus, PAKISTAN Khan ReemaQaiser 2 Department of Computer Science, Federal Urdu University of Arts, Sciences and Technology, Karachi, PAKISTAN Sarim Muhammad 3 Shaikh AbdulBasit 4 Sheikh KashifRaffat 5 N.Y. Bakar 1 Advanced Materials Research Group, School of Fundamental Sciences, Universiti Malaysia Terengganu, 21030 Kuala Terengganu, Terengganu, MALAYSIA M.I.N. Isa 2 Center of Corporate Communication and Image Development, Universiti Malaysia Terengganu, 21030 Kuala Terengganu, Terengganu, MALAYSIA Ansari Bahareh 1 Dept. of Agricultural Development, College of Agriculture, Tehran Science and Research Branch, Islamic Azad University, Tehran, IRAN Mirdamadi SeyedMehdi 2 Dept. of Agricultural Extension and Education, College of Agri., Tehran Science and Research Branch, Islamic Azad University, Tehran, IRAN Hosseini SeyedJamalFarajollah 3 Dept. of Renewable Energy and Environmental Engineering, College of New Sciences and Technologies, University of Tehran, Tehran, IRAN Noorollahi Younes 4 Tootak MohammadAli 1 Islamic Azad University Central Tehran Branch, TEHRAN Diba Darab 2 Ahmadi MohamadRamazan 1 Department of Accounting, University of Shahid Chamran Ahvaz Ahvaz IRAN Sedghiani BabakAbedi 2 Jamali Kamran 3 > Research Article 2013 8 19 2014 October 2 The goal of this study is to answer to this question that qualified audit opinions could have what kinds of the consequences for companies? On the other side, shareholders, capital investors and creditors show what kind of reaction with regard to qualified audit opinions? With taking into consideration that audit opinions increase reliability of information that are accessible for investors and creditors, at the same time, representing of qualified audit opinions can increase the risk of information as well. This research examines the impact of qualified audit opinions on the expected return on common shareholders' and giving credibility by creditors. Statistic samples of this study are collected from 120 companies listed in Tehran Stock Exchange for the time period of 2004to 2011 and in order to examine hypothesis of this study panel data method of research was applied. Based on the findings of this study there is a Positive relationship between qualified audit opinions and the expected return on common shareholders and, on the contrary there is no relationship between qualified audit opinions and the granting of credit by the creditor. Copyright@ International Science Community Association