披露与税务有关的重要审计事项和与税务有关的结果

IF 3.2 3区 管理学 Q1 BUSINESS, FINANCE
Katharine D. Drake, Nathan C. Goldman, Stephen J. Lusch, Jaime J. Schmidt
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引用次数: 0

摘要

鉴于在CAM披露的最初一年,与税收相关的关键审计事项(tax CAMs)在加速申报者中普遍存在(占观察值的18.5%),我们研究了审计师对税务CAMs的披露是否与与税收相关的财务报告质量、避税和与税收相关的盈余管理的变化有关。发现税务CAMs与其中一项税收结果之间的关联,将表明新的审计报告准则间接影响了投资者。在对CAM披露的第一年进行检查时,我们没有发现税务CAM与与税务相关的审计或财务报告质量(例如,重述、内部控制弱点、评论函)或避税(例如,有效税率或账面与税收差异)的广泛代理相关。我们确实发现,税收CAMs与税收应计质量的适度提高、不确定税收优惠准备金的增加以及与税收相关的盈余管理可能性的降低有关。然而,我们没有发现这些税收CAM影响持续到CAM报告的第二年。我们的证据与税务CAM披露对公司报告税务账户有适度但短暂的影响是一致的。我们的调查结果应在PCAOB对新审计报告准则进行实施后审查时告知他们。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

Disclosure of tax-related critical audit matters and tax-related outcomes

Disclosure of tax-related critical audit matters and tax-related outcomes

Given that tax-related critical audit matters (tax CAMs) were prevalent among accelerated filers (18.5% of observations) during the initial year of CAM disclosures, we examine whether an auditor's disclosure of tax CAMs is associated with variation in tax-related financial reporting quality, tax avoidance, and tax-related earnings management. Finding an association between tax CAMs and one of these tax outcomes would indicate that the new auditor reporting standard has indirectly affected investors. Examining the first year of CAM disclosures, we do not find that tax CAMs are associated with broad proxies of tax-related audit or financial reporting quality (e.g., restatements, internal control weaknesses, comment letters) or tax avoidance (e.g., effective tax rates or book-to-tax differences). We do find that tax CAMs are associated with a modest increase in tax accrual quality, an increase in the reserve for unrecognized tax benefits, and a reduction in the likelihood of tax-related earnings management. However, we do not find these tax CAM effects persist into the second year of CAM reporting. Our evidence is consistent with tax CAM disclosures having a modest but short-lived effect on companies' reporting of tax accounts. Our findings should inform the PCAOB as they conduct their post-implementation review of the new audit reporting standard.

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来源期刊
CiteScore
6.20
自引率
11.10%
发文量
97
期刊介绍: Contemporary Accounting Research (CAR) is the premiere research journal of the Canadian Academic Accounting Association, which publishes leading- edge research that contributes to our understanding of all aspects of accounting"s role within organizations, markets or society. Canadian based, increasingly global in scope, CAR seeks to reflect the geographical and intellectual diversity in accounting research. To accomplish this, CAR will continue to publish in its traditional areas of excellence, while seeking to more fully represent other research streams in its pages, so as to continue and expand its tradition of excellence.
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