Abstract: This study investigates how audit quality moderates the effect of financial performance
indicators on the stock returns of Amman Stock Exchange-listed firms (ASE). The panel data
analysis selected the data of 95 ASE-listed firms from 2013 through 2021. This analysis
demonstrates a significant inverse relationship between a company s book value and its stock
returns. A statistically negative relationship was observed between cash flow, dividends per
share, and stock return. The empirical results of this study confirm the moderating influence of
audit quality in the relationship between financial performance and stock return. Firstly, auditor s
fees have a significant impact on the relationship between firm stock returns and EPS, BV, DPS,
and cash flows (CFO). The size of the auditing firm moderates the relationship between company
stock returns and EPS, DPS, and the CFO, but not with book value (BV). The auditor s opinion
moderates the relationship between business stock returns and EPS, BV, and DPS but not the
relationship between firm stock returns and cash flows (CFO). The study suggests that regulatory
bodies like the Companies Control Department (CCD) and ASE should make sure that local audit
firms in Jordan improve their audit quality to be on par with the Big 4 audit firms in order to
improve their financial performance measures and stock returns.