Journal of International Accounting Auditing and Taxation最新文献

{"title":"Does cost of debt reflect the value of quality greenhouse gas emissions reduction efforts and disclosure?","authors":"Fereshteh Mahmoudian ,&nbsp;Dongning Yu ,&nbsp;Jing Lu ,&nbsp;Jamal A. Nazari ,&nbsp;Irene M. Herremans","doi":"10.1016/j.intaccaudtax.2023.100563","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100563","url":null,"abstract":"<div><p>Using a sample of North American companies reporting to the CDP (formerly Carbon Disclosure Project), we investigate whether details of companies’ carbon management practices reduce the cost of debt associated with greenhouse gas (GHG) emissions, with credit risk ratings as a proxy for cost of debt. Specifically, employing structural equation modeling (SEM) for the main analysis and three-stage least squares (3SLS) regression for further in-depth analysis, we simultaneously, yet separately, study the effect of detailed GHG emissions performance and assured GHG emissions disclosure on the cost of debt. Based on the theory of voluntary disclosure, our findings suggest that providing details about the implementation of many diverse GHG emissions reduction projects and assuring GHG emissions disclosure provides integrity to carbon management practices and, therefore, decreases cost of debt. Furthermore, we find that a reduced cost of debt assists companies to invest more in GHG reduction related projects. We recommend that further research considers aspects of voluntary disclosure that add to its integrity.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"52 ","pages":"Article 100563"},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50194114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"National culture and tax evasion: The role of the institutional environment quality","authors":"Amir Allam ,&nbsp;Tantawy Moussa ,&nbsp;Mona Abdelhady ,&nbsp;Ahmed Yamen","doi":"10.1016/j.intaccaudtax.2023.100559","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100559","url":null,"abstract":"<div><p>This study examines the role of institutional environment quality (IEQ) in the relationship between national culture (NC) and tax evasion (TE). Prior research examined the direct impact of culture on tax evasion but did not examine potential mechanisms that may influence this relationship. Using structural equation modeling and examining data for the European Union (EU) countries over the 2004–2018 period, we find that countries that exhibit high levels of power distance, uncertainty avoidance, collectivism, and restraint are associated with higher levels of tax evasion. The results indicate that IEQ has a mediating effect on the NC–TE nexus, suggesting that policymakers should aim at improving the quality of national institutions to diminish the undesirable influence of culture on tax evasion levels. More specifically, we find that the rule of law, regulatory quality, and government effectiveness are the IEQ indicators that fully mediate the NC-TE relationship. Moreover, splitting the sample into older and newer EU countries shows a partial mediation effect in older EU countries and a full mediation effect in newer EU countries. Enhancing IEQ can play a more prominent role in newer EU countries to reduce the detrimental impact of cultural values on tax evasion.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"52 ","pages":"Article 100559"},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50194067","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial statement comparability and the usefulness of earnings: Some Canadian evidence","authors":"Shadi Farshadfar,&nbsp;Laleh Samarbakhsh,&nbsp;Yige Jiang","doi":"10.1016/j.intaccaudtax.2023.100560","DOIUrl":"10.1016/j.intaccaudtax.2023.100560","url":null,"abstract":"<div><p>In this study, we investigate whether financial statement comparability enhances the usefulness of earnings, specifically their relevance and faithful representation, as asserted in the International Accounting Standards Board (IASB)’s conceptual framework. Thus far, researchers have documented various capital market benefits of comparability. However, the role of comparability in improving the usefulness of earnings has not yet been directly examined. Our study is motivated to address this question using data from Canadian firms in the post-International Financial Reporting Standards (IFRS) adoption period. The findings are consistent with our prediction and support the IASB’s claim, indicating that comparability enhances the decision-usefulness of earnings. These results are robust to several control factors, including industry membership, firm profitability, firm size, and leverage.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"52 ","pages":"Article 100560"},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48852003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Boundaries of the firm and real earnings management","authors":"Vijaya Bhaskar Marisetty ,&nbsp;Sairam Moturi","doi":"10.1016/j.intaccaudtax.2023.100567","DOIUrl":"10.1016/j.intaccaudtax.2023.100567","url":null,"abstract":"<div><p>Despite harmful effects, Real Earnings Management (REM) is increasingly becoming a more popular method of earnings management than Accruals based Earnings Management (AEM) (<span>Cohen et al., 2008</span>, <span>Commerford et al., 2018</span>). We argue that when a firm’s organizational structure has extended boundaries with other firms, the benefits due to REM can outweigh the costs. We use family business groups, that extend firm boundaries with other affiliated firms, for testing our conjecture. Using a large dataset of 11,417 firm-year observations of Indian firms, we show that REM is significantly higher in business group affiliated firms compared to standalone firms. Further, intra-group transactions, in the form of purchases, sales, and cash flows from operating activities, contribute to higher REM activities. More importantly, when group affiliated firms engage in intragroup transactions and report higher REM, mainly in the form of abnormal production, they experience an increase in their future profitability and a decrease in their cost of equity.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"52 ","pages":"Article 100567"},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44969880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"To cancel debt or not to cancel debt: Evaluation of debt cancellation or provide a tax credit","authors":"Jay Vega Jose, Smolarski Jan, Shoemaker Nikki, Noe Kelly","doi":"10.5897/jat2023.0566","DOIUrl":"https://doi.org/10.5897/jat2023.0566","url":null,"abstract":"U.S. students are facing unprecedented student loan debt levels, roughly $1.75 trillion. The Biden Administration is proposing a debt relief program that will cancel student loan debt up to $20,000 for Pell Granted individuals. However, the current plan has faced substantial legal challenges and political pressure, and as suggested, it could increase the current inflation crisis. However, the size of the inflation effect is subject to debate. On the lower end, student debt relief may add only about 0.2% points to annual inflation. Proponents have also circulated linking student loan repayment to income levels. We propose an alternative approach to handle the current student loan debt crisis using a non-refundable tax credit. We provide theoretical support that individuals receive higher utility with a college degree, can pay off student loan debt faster, and that the U.S. government may obtain higher tax revenue from college graduates in the long run. We argue that individuals will seek higher-paying jobs, work longer hours, and accept promotions not only based on the increased salary but also because it would reduce taxes.","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"15 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84692254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Migrant remittances, financial market development, and per capita real growth in sub-Saharan Africa","authors":"Akorede Ikpesu Olapeju","doi":"10.5897/jat2023.0567","DOIUrl":"https://doi.org/10.5897/jat2023.0567","url":null,"abstract":"The inflow of migrant remittances to developing economies in the recent past has been one of the most topical issues discussed in growth literature due to the increasing volume, stable nature, and capacity to enhance growth. This study examines the effect of migrant remittances and financial market development, on per capita real growth in sub-Saharan Africa (SSA). Data from twenty-seven African countries between the period 2000 and 2020 was employed for this study. The pool mean group (PMG) was deployed in analyzing the data. The study outcome revealed that migrant remittances positively influence and facilitate growth in the SSA region. The study also affirmed that equity market development contributes positively to growth in the SSA region. Furthermore, the study also established that banking sector development seems not to affect growth positively in the SSA. In addition, the study also recommends some policies for the region to implement.","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"48 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84304606","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CPAs perception(s) regarding the Covid-19 crisis: A questionnaire development and validation","authors":"Chytis Evangelos, Fasoulas Marios, Tasios Stergios, Nerantzidis Michail","doi":"10.5897/jat2023.0568","DOIUrl":"https://doi.org/10.5897/jat2023.0568","url":null,"abstract":"The purpose of this study is to develop a valid and reliable questionnaire concerning the Certified Public Accountants’ (CPA) perception(s) regarding the Covid-19 pandemic and to provide insights into this issue. A questionnaire was developed combining the key aspects of professional guidelines, prior literature, and experts’ opinions. Our study focuses on the perceptions of Greek CPAs, ensuring the validity and reliability of the instrument used through a robust methodology incorporating techniques from classical test theory and factor analysis. The final questionnaire has 18 questions and 4 main sub-sections (Work and organizational environment, Audit planning, Field work and Audit report). All sub-sections of the questionnaire achieved an acceptable internal reliability value. Construct validity was confirmed via factor analysis. Insights from the data analysis illustrate that Work and organizational environment and Audit planning explain the greatest variance during the first wave of the pandemic in Greece. The results have important implications for CPAs, practitioners, audit firms and regulators who wish to enhance the effectiveness of the auditing profession and the quality of financial information. To the best of our knowledge, this is the first study that reflects the Covid-19 crisis for the perspective of CPAs. This instrument can be used, if properly modified, as a measurement tool on CPAs perceptions on future crisis.","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"5 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82213463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Essentialities of Cloud Accounting Information System on The Operational Efficiency of Firms In Nigeria","authors":"S. Beredugo","doi":"10.47747/jat.v3i2.1221","DOIUrl":"https://doi.org/10.47747/jat.v3i2.1221","url":null,"abstract":"Novel accounting technology such as cloud accounting information system has taken the Centre stage in its presumed capacity to provide relevance online accounting and auditing solutions that are accessible from anywhere through the cloud service providers. It is no doubt that keeping pace with this accounting technology has comes with apprehension from target audiences, that have created apathy in the deployment of cloud accounting by some companies in Nigerian, due to some speculative drawbacks such as high security breaches, high cost of IT services, risk of unauthorized access and viruses among others. It is in this light, that the study firstly examined the essentialities of cloud accounting information system on the operational efficiency of firms in Nigeria and secondly evaluated if there are significant differences in the perception of respondents in deployment of cloud accounting on corporate exigencies in Nigeria. The survey research design was adopted to collect data from 385 respondents in 32 companies cutting across four sectors in Nigeria. The Chi-square and Analysis of Variance were used for the test of hypotheses and it was discovered that cloud accounting significantly enhances the operational efficiency of firms in Nigeria, while there were no significant difference in the perception of respondents in deployment of cloud accounting leading to increase in the risk of unauthorized access, weak or no access control and high cost of IT services etc. In all, the benefits of the deployment of cloud accounting outweighs the exposures and it was recommended among others that organizations should endeavour to implement substantial security measures to protect IT infrastructure through effective internal control architecture","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"439 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82885984","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Evaluation of Tax Digitalization Efforts by Federal Inland Revenue Service and their Impacts on Tax Collection 2002-2021","authors":"S. Mohammed, Abdulsalam Mas'ud, Yusuf Ibrahim Karaye, M. M. Sallau, A. Adam, Bashir Ali Sulaiman","doi":"10.47747/jat.v3i2.1138","DOIUrl":"https://doi.org/10.47747/jat.v3i2.1138","url":null,"abstract":"The federating states and capital of federal republic of Nigeria are too dependent on federally collected revenues largely from oil and gas. However, taxation is indisputably the most viable and sustainable means of raising revenue for public expenditures. Therefore, the federal government can enhance its bases of taxation to generate more tax revenue for the federating units to share especially with known shocks in oil and gas revenue. Conversely, increasing number of individuals and corporate bodies that pay taxes to the federal government are making tax administration more difficult. To overcome this, the Federal Inland Revenue Service (FIRS) has embarked on processes of digitizing tax administration at the federal level. Consequently, the aim of this study is to evaluate the impact of the tax digitalization processes by FIRS by one, describing the digitalizations and two, by undertaking trend analyses of total tax revenue collections 2002-2021. To achieve these, secondary data is collected from the literature and publications of the FIRS while public policy analytical framework underpins the study. Results from the study revealed that there are consistencies in efforts by the FIRS to digitalize tax administration in Nigeria even though implemented in short time intervals. Similarly, on the overall, there are increasing but fluctuating trends of tax revenue collection by FIRS 2002-2021 implying the positive impacts of the current digitalization efforts.        ","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"38 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87726389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Tax Structure Implications on Exchange Rate and Infrastructural Development in Nigeria","authors":"Ambaiowei Tari Ebiowei, A. Umobong","doi":"10.47747/jat.v3i2.1092","DOIUrl":"https://doi.org/10.47747/jat.v3i2.1092","url":null,"abstract":"The study examined the relationship between tax structure and exchange rate, and capital expenditure using secondary data obtained from Central bank of Nigeria and Federal inland revenue annual bulletin for the period 1994 to 2022 using multiple regression and auto regressive distributive lag. Tax structure was divided into direct and indirect tax consisting of PPT, CIT and VAT while the dependent variable was proxied by exchange rate and capital expenditure. Unit root test for stationarity was conducted using Augmented Dickey Fuller and Kwiatkowski Phillips Schmidt Findings show that in the short run the coefficients of the tax structure variables passed the significance test at the 5 percent level indicating that tax revenues critically influence short run changes in capital expenditure. The coefficients of current PPT, current CIT and complete VAT are all positive, which show that all forms of taxes promote capital spending by government in Nigeria in the short run. Thus, increasing tax revenues will immediately deliver positive impacts on the budgetary provisions for capital spending in Nigeria. The study also found that capital expenditure improves exchange rate, the positive impact of tax revenues on short run capital expenditure confirms that taxes have significant indirect impact on short run macroeconomic performance in Nigeria. The long run results also report interesting outcomes The coefficients of the two direct tax components are significant at the 5 percent level, while that of VAT failed the test at the 5 percent level. This result shows that while PPT and CIT significantly influence capital expenditures in Nigeria, VAT has no significant impact. It also suggests that VAT does not exert indirect long run effects on macroeconomic performance through the capital expenditure channel. The coefficient of CIT is however negative, indicating that increasing CIT tends to reduce capital expenditures in Nigeria. On the other hand, the coefficient of PPT is positive which indicates that only PPT tends to directly improve capital expenditure or indirect improve long run macroeconomic performance through the channel of capital expenditure in Nigeria. The coefficient of public debt  failed the significance test in the long run estimates, while the coefficient of exchange rate is significant at the 5 percent level and also possesses a negative sign. This implies that in the long run, exchange rate depreciation tends to limit capital expenditures in Nigeria. In particular every one percent rise in CIT was found to be consistent with a 0.877 percent rise in VAT, while a percent rise in PPT is accompanied by an increase in CIT by 0.93 percentage point. The relationship was found to be strong in Nigeria and also suggests that tax revenue in Nigeria is linked. the study found that only direct taxes led to improvement in exchange rate in the long run. This implies that direct taxes may be more effective in maintaining macroeconomic stability in Nigeri","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"143 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77953611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}