Journal of International Accounting Auditing and Taxation最新文献_第6页

The quality of tax accounting for financial reporting purposes: International evidence from the United Kingdom 财务报告用税务会计的质量——来自英国的国际证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100564

Qian Song , Kevin Holland

{"title":"The quality of tax accounting for financial reporting purposes: International evidence from the United Kingdom","authors":"Qian Song , Kevin Holland","doi":"10.1016/j.intaccaudtax.2023.100564","DOIUrl":"10.1016/j.intaccaudtax.2023.100564","url":null,"abstract":"<div><p>The quality of tax accounting can be defined as the relationship between the annual tax expense reported in firms’ financial statements and future tax cashflows. As corporate income taxes have a material proportion of earnings, assessing the tax accounting quality can help financial statement users in evaluating future commitment to internal funds. While there is an emerging US-based literature on tax accounting quality, to the authors’ knowledge this is the first study to examine tax accounting quality outside of the US and the first under a regime governed by International Financial Reporting Standards. The results indicate that tax accounting quality is significantly lower for firms that engage in higher levels of tax management or have stronger earnings management pressure. While corporate governance mechanisms do not moderate the relationship between tax management and tax accounting quality, there is some evidence of a moderating effect in the relationship between earnings management pressure and tax accounting quality. In addition, we observe variations in tax accounting quality associated with a change in tax-related financial reporting standards.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47165187","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}

引用次数: 0

Narrative tone and earnings persistence 叙事基调与收益持久性

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100562

Sheehan Rahman

{"title":"Narrative tone and earnings persistence","authors":"Sheehan Rahman","doi":"10.1016/j.intaccaudtax.2023.100562","DOIUrl":"10.1016/j.intaccaudtax.2023.100562","url":null,"abstract":"<div><p>This study contributes to the accounting literature on the intersection between earnings quality and the linguistic features of firms’ financial disclosures. Specifically, it examines the relationship between earnings persistence as an attribute of earnings quality and the tone of United Kingdom annual reports. The expectations-adjustment hypothesis suggests that firms with more persistent earnings streams have incentives to signal their superior earnings quality to capital providers by increasing the positive tone of financial disclosures. Consistent with this hypothesis, this study provides evidence of a positive association between the annual report tone and earnings persistence. Additional analysis reveals that this association is less pronounced in technology firms than non-technology firms. Separating the sample into profit firms and loss firms suggests that the tone is positively associated with the persistence of profits but exhibits no association with the persistence of losses. Disaggregating the tone into positive and negative components indicates that negative tone has a stronger and more negative association with earnings persistence than positive tone. Further, negative tone is negatively associated with earnings persistence in both profit firms and loss firms. In contrast, positive tone is not associated with earnings persistence in profit firms but is negatively associated with earnings persistence in loss firms.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47271008","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}

引用次数: 1

How can governance, human capital, and communication practices enhance internal audit quality? 治理、人力资本和沟通实践如何提高内部审计质量?

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100566

Stéphanie Thiéry , Stephane Lhuillery , Marion Tellechea

引用次数: 0

The goodwill impairment test under IFRS: Objective, effectiveness and alternative approaches 国际财务报告准则下的商誉减值测试：目标、有效性和替代方法

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100558

Niclas Hellman, Tomas Hjelström

{"title":"The goodwill impairment test under IFRS: Objective, effectiveness and alternative approaches","authors":"Niclas Hellman, Tomas Hjelström","doi":"10.1016/j.intaccaudtax.2023.100558","DOIUrl":"https://doi.org/10.1016/j.intaccaudtax.2023.100558","url":null,"abstract":"<div><p>Stakeholders have questioned the effectiveness of the goodwill impairment-only approach, which was widely adopted in the early 2000s. Much empirical work has been conducted on the matter, but there is a need for more conceptual work. This paper applies goodwill-components theory to derive the theoretical objective of the goodwill impairment test and to define impairment effectiveness – a concept previously undefined but often referenced in the debate. Goodwill-components theory allows us to address the various components of goodwill instead of viewing accounting goodwill as homogeneous. Adopting this framework, we compare the current International Financial Reporting Standards (IFRS) model to two alternative impairment-only models, the pre-acquisition headroom (PH) model and the fair value (FV) model. We conclude that the PH model results in more effective impairment testing than the current IFRS model. Compared to the FV model, the PH model is more effective in the short run and less effective in the long run. Our analysis further identifies situations where the PH model is “over-effective”. The framework is also used to illustrate the effectiveness of the current IFRS model compared to a goodwill amortization model.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":2.6,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50194068","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}

引用次数: 0

Financial statement comparability and the usefulness of earnings: Some Canadian evidence 财务报表可比性和盈余的有用性:一些加拿大的证据

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100560

Shadi Farshadfar, Laleh Samarbakhsh, Yige Jiang

引用次数: 0

National culture and tax evasion: The role of the institutional environment quality 民族文化与逃税：制度环境质量的作用

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100559

Amir Allam , Tantawy Moussa , Mona Abdelhady , Ahmed Yamen

{"title":"National culture and tax evasion: The role of the institutional environment quality","authors":"Amir Allam , Tantawy Moussa , Mona Abdelhady , 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":null,"pages":null},"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}

引用次数: 0

Does cost of debt reflect the value of quality greenhouse gas emissions reduction efforts and disclosure? 债务成本是否反映了高质量温室气体减排努力和披露的价值？

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100563

Fereshteh Mahmoudian , Dongning Yu , Jing Lu , Jamal A. Nazari , Irene M. Herremans

{"title":"Does cost of debt reflect the value of quality greenhouse gas emissions reduction efforts and disclosure?","authors":"Fereshteh Mahmoudian , Dongning Yu , Jing Lu , Jamal A. Nazari , 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":null,"pages":null},"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}

引用次数: 0

Boundaries of the firm and real earnings management 企业边界与实际盈余管理

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-09-01 DOI: 10.1016/j.intaccaudtax.2023.100567

Vijaya Bhaskar Marisetty , Sairam Moturi

引用次数: 0

To cancel debt or not to cancel debt: Evaluation of debt cancellation or provide a tax credit 取消债务或不取消债务:评估债务取消或提供税收抵免

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-07-31 DOI: 10.5897/jat2023.0566

Jay Vega Jose, Smolarski Jan, Shoemaker Nikki, Noe Kelly

{"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":null,"pages":null},"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}

引用次数: 0

Migrant remittances, financial market development, and per capita real growth in sub-Saharan Africa 撒哈拉以南非洲的移民汇款、金融市场发展和人均实际增长

IF 2.6

Journal of International Accounting Auditing and Taxation Pub Date : 2023-07-31 DOI: 10.5897/jat2023.0567

Akorede Ikpesu Olapeju

引用次数: 0