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Author: Beng Wee Goh Publisher: ISBN: Category : Languages : en Pages : 65
Book Description
We examine the relation between client tax aggressiveness and auditor's resignation decision. Consistent with the agency view of tax avoidance which suggests that client tax aggressiveness can increase litigation and reputational risk to auditors and increase the potential conflict with managers, we find a positive association between our proxies for tax aggressiveness and the likelihood that an auditor resigns from an audit engagement. Further, this association is stronger when external monitoring of the client firm is less effective, when there is greater potential for agency problems in the client firm, and when the economic importance of the fees received from the client firm is lower. Overall, our study identifies client tax risk as an important determinant of auditors' resignation. This result should be of interest to auditors who actively manage client audit risks and to tax authorities who have incentives to identify firms with abusive tax reporting behavior.
Author: Beng Wee Goh Publisher: ISBN: Category : Languages : en Pages : 65
Book Description
We examine the relation between client tax aggressiveness and auditor's resignation decision. Consistent with the agency view of tax avoidance which suggests that client tax aggressiveness can increase litigation and reputational risk to auditors and increase the potential conflict with managers, we find a positive association between our proxies for tax aggressiveness and the likelihood that an auditor resigns from an audit engagement. Further, this association is stronger when external monitoring of the client firm is less effective, when there is greater potential for agency problems in the client firm, and when the economic importance of the fees received from the client firm is lower. Overall, our study identifies client tax risk as an important determinant of auditors' resignation. This result should be of interest to auditors who actively manage client audit risks and to tax authorities who have incentives to identify firms with abusive tax reporting behavior.
Author: Kellie M. Carr Publisher: ISBN: Category : Auditing Languages : en Pages : 145
Book Description
Using tax accrual quality as a proxy for audit quality, I investigate whether companies that significantly decreased APTS surrounding the effective date of the Public Company Accounting Oversight Board's 2006 Rules on Ethics, Independence, and Tax Services experienced an improvement in audit quality after the change. Given the specific target of the PCAOB 2006 restrictions is companies aggressively avoiding taxes with the assistance of APTS, I also investigate whether companies associated with tax aggressive services are also more likely to experience an improvement in audit quality following the reductions in APTS. Results suggest an increase in audit quality due to a reduction in economic bonding following APTS restrictions. Consistent with the economic bonding theory, companies that significantly reduced APTS experienced a larger improvement in audit quality after the change compared to companies that did not significantly reduce APTS. For tax aggressive companies, those that reduced APTS did experience a significant increase in audit quality after the change compared to tax aggressive companies that did not significantly reduce APTS. Moreover, companies considered important tax clients by their audit firms that significantly reduced APTS did experience a marginally greater increase in audit quality after the change compared to other important tax clients that did not significantly reduce APTS. Overall, my results indicate that the PCOAB 2006 restrictions were effective in decreasing APTS and economic bonding, thereby leading to improved audit quality, especially among companies associated with tax aggressive services. Accordingly, concerns for loss of knowledge spillover seem to be minimal. There are few studies that investigate the effectiveness of the PCAOB 2006 restrictions on audit quality. Therefore, my study fills this void by using a tax specific measure of audit quality, tax accrual quality, to specifically examine the target of the restrictions-- audit clients that are associated with aggressive tax services. My study confirms and expands APTS, economic bonding, audit quality, tax accrual quality, and tax aggressive research, and also provides insight into and support for current policy debates concerning APTS and tax aggressive services.
Author: Zabihollah Rezaee Publisher: John Wiley & Sons ISBN: 047173800X Category : Business & Economics Languages : en Pages : 464
Book Description
Colleges and universities play an important role in training competent and ethical future academic and business leaders. In today’s global business environment, with volatile worldwide capital markets and eroded investor confidence in corporate accountability, the demand for effective corporate governance and ethical conduct in ensuring reliable financial information is higher than before. This book is intended to develop an awareness and understanding of the main themes, perspectives, frameworks, concepts, and issues pertaining to corporate governance and business ethics from historical, global, institutional, commercial, best practices, and regulatory perspectives.
Author: Subrata Mukherjee Publisher: Vikas Publishing House ISBN: 935453483X Category : Languages : en Pages :
Book Description
The theories in the topics of SAPM have been given in detail and in an analytical manner, and their practical applications have been illustrated with examples and case studies, which are often taken from the real world. It follows a learning-outcome-based approach, and it is packed with rich chapter-end exercises to reinforce learning. It is designed to be a comprehensive textbook for all senior-level postgraduate students of MBA-Finance, PGDM-Finance, and M.Com. programs, and final-level students of other professional courses like CA, CMA, CS and CFA. Investors will find this book to be of an immensely useful reference.
Author: Alvin A. Arens Publisher: ISBN: 9780135704097 Category : Auditing Languages : en Pages : 823
Book Description
Offering coverage of the entire audit process, this text takes the reader through each audit cycle. It then shows how each step relates to the process as a whole. The book is completely oriented to non-complex computerized accounting systems rather than manual ones.
Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation Publisher: ISBN: Category : Business & Economics Languages : en Pages : 98
Author: James Brock Publisher: Waveland Press ISBN: 1478608161 Category : Business & Economics Languages : en Pages : 424
Book Description
Americans continually cross paths with major industries that comprise the U.S. economy. These industries face and raise challenging issues that in turn generate important economic questions: How are individual industries organized and structured? What share of their market do they represent? What are the major public policy issues they affect? What are the economic consequences of addressing them? A single text examining every industry would provide a disjointed, haphazard analysis. The case-study approach taken in The Structure of American Industry avoids such shortcomings. The expert author of each case studyfourteen in allpresents a comprehensive and coherent analysis of a specific industry. The holistic, in-depth treatment sparks lively interest, does not succumb to theoretical abstractions, and offers practical answers to economic questions.
Author: American Bar Association. House of Delegates Publisher: American Bar Association ISBN: 9781590318737 Category : Law Languages : en Pages : 216
Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author: Beng Wee Goh
Author: Beng Wee Goh
Author: Kellie M. Carr
Author: Zabihollah Rezaee
Author: Subrata Mukherjee
Author: 
Author: Alvin A. Arens
Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation
Author: 
Author: James Brock
Author: American Bar Association. House of Delegates