356 International Research Journal of Management Sciences. Vol., 3 (8), 356-359, 2015 Available online at http://www.irjmsjournal.com ISSN 2147-964X ©2015 Investigating Audit Fees in Companies with Higher Price-to-Earnings Vahid Fazeli, Mansur Garkaz * , Parviz Saeidi Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran * Corresponding Author: m_garkaz@yahoo.com ABSTRACT: The aim of this study was investigation of audit fees in the companies that had valuations more than shareholders equity. The aim of this study was applied. To measure the ratio of price to earnings per stock over priced equity was used to measure over priced price. Study period was from 2009 to 2013. The results showed that audit fees were higher for companies that equity was more priced (having higher ratio of price to earnings per stock). Keywords: The Ratio of Price to Earnings per Stock, Audit Fees, Stock. INTRODUCTION One of the purposes of financial reporting is the providing information to investors, creditors and other current and potential users of the investment and credit decisions and other decisions to be of benefit. One of the main criteria for assessing the profitability of the group by the company is prediction of future benefits and its risk and usage of management performance evaluation and current and last profits of company (Zarezadeh-mehrizi, 2010). Earnings also include cash and accrual items and interest accruals are largely in the control of management and he can show better performance and predictability increase of future profits in the accruals, achieve to profit and manage profit. In other words, managers are trying to create predictable and constant results by choice of accounting allowable methods. Because, most managers believe that investors and companies that have good profitability and its profit is not trend the main changes compared to similar companies, have more worth and more predictability and comparison. On the other hand, according to the agency theory of managers can benefit from the needful incentive to manipulate benefit in order to maximize their own interests (Dechow & Dichev, 2002). Janin and Piot (2005) believe that the audit could be one way to prevent and reduce earnings management. It is believed, companies that provide audited financial statements have more information content and higher quality earnings. Accruals are related to the judgment of directors and audit of firms that have more accruals is more difficult, as well (Bell et al., 2008). Audit with higher quality discover more likely accounting practices. Because qualified audit institutions have the expertise, resources and more incentives to discover errors and fraud. One of the factors of audit quality is audit fees. Therefore, the purpose of this study was audit fees in the company that have more equity valuations. METHODOLOGY The aim of this study was applied and was semi-experimental research. The statistic population was all companies were listed that samples were selected based on the following criteria. 1. In terms of increased comparability, the financial period ending March. 2. It has not change in fiscal year during the evaluation period (2009-2013).