Compliance during the COVID-19 pandemic: Knowledge of tax relaxation, completeness of documents and their socialisation
January 2023
The study aimed to determine the role of document completeness as a moderating variable in the relationship between knowledge of tax relaxation and taxpayer compliance and the relationship between tax relaxation policy socialisation and Small and Medium Enterprises (SMEs) taxpayer compliance registered at the North Malang - East Java - Indonesia Primary Tax Service Office. The moderation test in this study used WarpPLS,...
The effect of tax cuts and jobs act on corporate debt ratios
January 2023
The Tax Cuts and Jobs Act (TCJA), effective on December 22, 2017, is the most comprehensive overhaul of the U.S. tax code in the last 30 years. Historically, when corporate tax rates are high, the interest deduction on debt is greater, thereby reducing firms’ taxable income. However, with the new reforms significantly reducing corporate tax rates, the deductibility of the interest is no longer as favorable. In...
Trend analysis of the immediate post-adoption effects of IFRS 9: An emerging market evidence
December 2022
IFRS 9 is a global standard whose impact is expected to vary depending on banks’ credit risk approach, size, and country of incorporation. Therefore, it is imperative to study the implementation effects of IFRS 9 in all regions in which IFRS 9 has been implemented. This paper examines the first-time post-adoption effects of IFRS 9 in the Ghanaian banking sector and addresses the gap in empirical academic...
Redefining the taxpayer and tax administrator relationship in Nigeria: A relational agency model perspective
October 2022
While revisiting the agency theory and how it models the relationship between a principal and an agent, we assess, through participant observation, the optimal contract form for the ubiquitous relationship, where a principal, delegates work to an agent. This forms the basis of the study, as it attempts to redefine the relationship between the taxpayer and the tax administrator. This research is an attempt to reverse the...
Information collection concern, procedural justice, and intention to use online tax software: A process model
October 2022
The purpose of this research is to investigate the relationships among the privacy concern for information collection, procedural justice, and intention to use online tax preparation software to file tax returns. Both experimental design and survey data were utilized in this study. The experiment treatment is a privacy policy/statement that presents the procedures that the online tax software companies may use to...
Do peers matter for tax saving?
October 2022
This study aims to investigate if peers’ tax-saving success influences a firm’s tax aggressiveness. Relying on the inter-dependence amongst firms, the proposition that a firm would change its tax payment decisions is when it observes that its peer group achieves tax-saving success. A peer group was defined as the five firms most similar in size to the focal firm in the same industry. The authors examine...
Examination of confidence levels of taxpayers transitioning to making tax digital by industry sector in the UK
September 2022
The purpose of this study is to utilise social cognitive theory to investigate and establish through empirical study, the confidence levels of taxpayers with ‘Making Tax Digital’ and further to facilitate an assessment of the readiness of taxpayers to be compliant with making tax digital requirements by industrial sector. This study used a survey instrument to collect data from 202 businesses in the...
Practices for negotiating tax debts successfully: Exploration of offer in compromise judicial tax court case decisions
September 2022
Settling tax debts with the U.S. Internal Revenue Service (IRS) as a service to accounting clients is categorized among the high-level negotiations skills widely sought from accounting graduates by employers. Through purposive sampling and analysis of 272 federal tax court cases decided between 2004 and 2021, this paper proposes to elucidate effective tax debt negotiations techniques. Judicially accepted and rejected...
Tax audit of legal entities, assisted by informational technology performed from revenue authorities
July 2022
This paper aims to explain how an information system upgrade aids tax authority efficiency in a developed country with significant deficiencies and weaknesses in its tax system and citizens’ tax awareness. Simultaneously, this research considers modern tax audit methods and their effect on legal entities. Through literature review, a questionnaire was drafted and sent to state tax auditors responsible for public...
Firms’ corporate social responsibility behavior to stakeholders and its effect on financial performance indices: A case study of Ctrip
July 2022
In recent years, some domestic and foreign scholars have studied the relationship between corporate social responsibility and corporate performance. Some of these studies show that there is a positive relationship; others found a negative correlation while others found no correlation between them. It is of great significance for internet enterprises to undertake corporate social responsibility when private sector...
Effect of individual CEOs’ characteristics on firms’ performance: Evidence from China
July 2022
This paper investigates the effect of individual chief executive officers’ (CEOs’) characteristics on corporate performance. CEOs across 50 Chinese firms over time were selected and it was discovered that CEOs’ specific factors play a significant role in their firms’ performance. CEOs’ demographic characteristics include their legal background, dual position (that is, as both CEO and...
Effects of earnings management on firms’ market-adjusted return
July 2022
Earnings announcement affects respective firms’ share prices based on their performances. Financial markets react to the bottom figure of the financial statements, which the authors believe include earnings management components. Similarly, earnings surprise also affects the market share. Therefore, they believe that there is a need for empirical analysis to understand the effects of earnings management and...
IFRS-9 adoption and income smoothing nexus: A comparison of the post-adoption effects between European and Sub-Saharan African Banks
July 2022
This paper compares the post-adoption effects of IFRS 9 on the income smoothing behavior of banks in Europe and Sub-Saharan Africa. The researchers extend their analysis to examine the effect of country-level governance on income smoothing. Using a sample of listed commercial banks in Europe and Sub-Saharan Africa, the authors employ varying econometric tests and panel regressions to investigate the hypotheses. The...
Effects of shifting non tax revenue from Local government authorities to Tanzania Revenue Authority: The case of Morogoro Municipality
April 2022
The transfer of property tax and billboard fees collection from Local Government Authorities (LGAs) to Tanzania Revenue Authority (TRA) has had drastic consequences for LGAs budgets. This study seeks to examine the effects of shifting the collection of non-tax revenue from LGAs to TRA with reference to Morogoro Municipal Council (MMC). A questionnaire was administered to a sample size of 88 respondents, purposefully...
Tax collection gaps and overdue tax debts: Greece, 2000-2019
April 2022
This paper deals with the process of accumulating overdue tax debts in Greece and brings out its main features. It focuses on the consistently high collection gap ratios that have led to the accumulation of tax arrears and, although the role of tax administration and debt stock management are acknowledged as crucial factors in reducing the collection gap and the stock of arrears respectively, it explores the role that...
Impact of transfer pricing on revenue generation and debt profile in Nigeria
April 2022
Nigeria, a host to almost all the MNCs in the world, has continued to experience a significant loss in revenue through profit shifting techniques, which have increased public debt from N8.32 trillion in September 2013 to N36.3 trillion as at May 2021. The study aimed at examining the impact of transfer pricing on revenue generation and debt profile in Nigeria. Other objectives of this paper are to review the adequacy of...
Board-diversity, audit committee characteristics and earnings management: Family versus non-family controlled firms
April 2022
This study examines the impact of board diversity, audit committee attributes, and the interaction of family ownership on earnings manipulation. The study employs the Caylor and Roy Chowdhury models to quantify accrual and real earnings management, respectively, in a developing country setting. Data was collected from non-financial organization operating in Bangladesh during the period from 2011 to 2019. Furthermore,...
Simplification factors addressing tax systemic complexity during tax reform periods: Evidence from the Greek tax system
April 2022
Tax procedures have increased due to the expansion of international trade opportunities, administrative strategies and technology. As a result, tax complexity increases and burdens citizens, enterprises and tax authorities. Traditional causes of complexity are found in political instability, legislation, central and operational planning. The interpretation of legislation greatly affects tax awareness; thus, information...
Economic and accounting performance of Greek innovative firms through knowledge-based entrepreneurship
April 2022
In modern industrial sectors, the margins for companies’ development constantly shrink, urging a rise in R and D and various sections’ expenditures. Throughout this phase, the role of innovative firms has submerged, especially via the knowledge-based entrepreneurship. Knowledge-based entrepreneurship can potentially benefit companies performing in the high-tech sectors, in terms of economic performance and...
Welfare effect of aid
April 2022
Developing economies have often relied on developmental finance (aid) in improving the welfare and social being of their citizenry. However, the developmental effect of aid on developing economies has sparked a lot of interest among scholars and policymakers. The objective of the study is to examine the welfare effect of aid in Nigeria for the period of 1981 to 2017. The study employed the autoregressive distributed lag...
The value relevance of the quality of IFRS-based published financial information of non-financial companies in Nigeria
April 2022
The study examines whether the quality of international Financial Reporting Standards (IFRS) based published financial information in Nigeria increased in the post-IFRS era. The study examines the quality of IFRS-based financial reports in improving the information required from financial statements. In other words, it evaluates the quality of published financial reports after IFRS adoption in Nigeria using annual...
Complexity of costing systems, integrated information technology and retail industry performance
March 2022
The evolution of technology, mandated the innovation numerous and different functions within the economic unit. Cost systems are also included to these system upgrades, since detailed planning regarding expenses greatly impacts the economic stability and sustainability of an organization. Therefore, the combined utility derived from use of cost data and information systems; after taking into consideration each unique...
The impact of leverage on earnings management and the trade-off between discretionary accruals and real earnings management
February 2022
This research studies the impact of leverage on the earnings management levels of firms and investigates the role it plays in determining the choice of earnings management methods utilized by managers. This study is conducted within the context of European countries. Multiple panel regressions are run with leverage against various measures of earnings management. The results indicate that leverage curtails earnings...
Corporate governance of IPO enterprises with financial accounting fraud in China’s growth enterprise market-A case study of ABC Group
February 2022
This study focuses on analysing financial ratios to identify the company’s (ABC Group) problems and the means by which financial fraud was committed. It proposes recommendations and solutions for the corporate governance of IPO enterprises in China’s Growth Enterprise Market. This study finds that imperfect corporate governance led to financial fraud being committed by ABC Group. Many other IPO enterprises...
Non-conforming tax aggressiveness and earnings management: Evidence from Greek public companies
February 2022
The present paper examines the tax and financial reporting behaviour of Greek public companies after the adoption of International Financial Reporting Standards. Corporate tax aggressiveness is measured on the basis of tax audit data whereas the extent of financial earnings manipulation is captured by total and discretionary accruals. The findings suggest that earnings quality has deteriorated as firms engage in...
The impact of audit quality on earnings management: Evidence from France
January 2022
This research investigates the relationship between financial reporting quality and audit quality within the context of French listed companies. The auditor brand name (Big4) is used as a proxy for audit quality and earnings management is ascertained through real and accruals earnings management estimation. Discretionary accruals are estimated using the Jones Model and the Modified Jones Model while real earnings...
The composition of board of directors and performance: Impact of the political experience after the Tunisian revolution
January 2022
This paper investigates the impact of directors’ political experience, acquired on the financial performance of listed companies, after the Tunisian revolution of 2011. We also emphasize the directors’ strategic experience, and the board of directors’ demographic and structural characteristics. Our data are based on a sample of 22 Tunisian companies listed on the Tunisian stock exchange during...
Effectiveness of fraud prevention and detection methods in the public sector in Tanzania
January 2022
Fraud prevention and detection methods in the public sector are vital for improved performance and service delivery in the public. However, in Tanzania, there is a paucity of knowledge on the effectiveness of these methods. The main objective of this study was to examine the effectiveness of fraud prevention and detection methods in the public sector, a case of Tanzania Rural and Urban Roads Agency (TARURA)...
An empirical study of the impact of VAT on the buying behavior of households in the United Arab Emirates
January 2022
Value added tax (VAT) discouraged consumption, encouraged savings, and generated higher economic growth. Evidence on the actual effectiveness of consumption taxes in changing the consumption patterns and stimulating savings is limited. This study used an ex-post facto research design to assess the impact of VAT on goods and services on the buying behavior of consumers in UAE. It analyzed the changes that consumers in...
The nexus between bank size and financial performance: Does internal control adequacy matter?
January 2022
The economic development of any nation is largely dependent on the stability of the nation’s banking industry, because the industry promotes the savings culture of the public, aids capital funding, implements the monetary policy of a country and promotes the facilitation of international trade. Therefore this study examined the effect of bank size on the financial performance of listed Deposit Money Banks in...
Independence factors influencing audit expectation gap in listed deposit money Banks in Nigeria
January 2022
This study examines the effect of independence factors on audit expectation gap in listed deposit money banks in Nigeria. The population of the study comprises of the investors/shareholders, lenders and other creditors and a sample of 385 respondents was selected using Cohran sample size formula. The period under study is from January, 2012 to December, 2019. The study used a questionnaire drawn on a five point likert...
Study on the monitoring role of institutional investors in deterring accounting fraud
November 2021
The topic about institutional investor being a monitoring role has been widely discussed but different results exist in previous empirical studies. Along with their progressively development, institutional investors are now playing more important role in Chinese capital market. Using samples from Chinese capital market, this paper collects fraud data and data of mutual funds’ ownership in listed firms between 2008...
Impact of making tax digital on small businesses
November 2021
Making Tax Digital (MTD), an initiative announced in 2015 by MP George Osborne in his autumn statement, brings with it the most impactful change to the UK tax administration for a generation. The Making Tax Digital vision aims to revolutionise the way businesses, landlords, individuals, and tax accountants interact with Her Majesty’s Revenue and Customs (HMRC). Making Tax Digital is intended to aid the...
Board attributes and corporate tax avoidance: An explanatory mixed method investigation
October 2021
The inherent financial and reputational risks in companies’ tax avoidance practices should be of great concern to members of the board of directors. However, studies on the relationship between the board’s attributes and corporate tax avoidance have documented mixed findings. Since these studies are predominantly quantitative, the present study uses a qualitative strand in providing explanations to the mixed...
Employment dynamics and fiscal policy in ECOWAS: A panel data analysis
October 2021
The study investigated the association between employment dynamics and fiscal policy in Economic Community of West African States (ECOWAS). The study focused on the 15 memberships of ECOWAS from 1990 to 2019. ?h? study made use of Keynes’ theory, from which a simple model was formed. The variables used in the model were employment, government expenditure, and tax revenue. ?ut?r?gr?ss?v? d?str?but?d l?g (?RDL) was...
Corporate governance and voluntary disclosure: The case of listed firms on the Athens Stock Exchange
October 2021
This paper explores the effect of corporate governance on voluntary disclosure. The investigation of the research question was based on hand-collected data from annual reports for a sample of 93 non-financial listed firms on the Athens Stock Exchange for 2017. Using several items to create a voluntary disclosure index, the authors investigate the arguments that ownership structure, board of directors (board) and audit...
Factors affecting the internal audit effectiveness in local government institutions in Ghana
October 2021
The paper examines the factors that affect the effectiveness of internal auditing in local government institutions in Ghana. Questionnaires were administered to the Internal Audit staff and Audit Committee members of the Accra Metropolitan Assembly in the Greater Accra region. Factor analyses were used to answer the closed-ended questions whilst the open-ended type was analysed based on recurring themes. It was found...
Corporate governance and economic sustainability reporting in Nigeria
October 2021
Economic sustainability reporting enhances the financial strength of the company by meeting the diverse needs of stakeholders. Whereas, financial performance covers about 25% of the economic sustainability performance indicators as indicated in the GRI-4. To this extent, the study helps to fill this gap by considering the effect of corporate governance on economic sustainability reporting in quoted companies on Nigerian...
Fair value accounting: Perspective on stewardship function
October 2021
This paper reviews the existing and emerging perspectives on fair value accounting (FVA) in the context of the stewardship function of financial reporting. This study draws on diverse research threads and theoretical notions to advance a comprehensive assessment of existing FVA research in the context of the trade-off between decision-usefulness and the stewardship objective. By conducting a narrative literature review,...
Influencing factors of accounting practices: a case study of New Zealand
July 2021
Accounting practices in different countries influenced by several factors. This study has identified some factors those have a great impact on accounting practices in different countries. This study also explains the accounting practices in a specific country: New Zealand, which is one of the developed counties in the South Pacific Ocean close to Australia and a member of commonwealth countries. However, this study is a...
The development of a scale to measure SMEs tax compliance in Nigeria: An adaptation of Fischer's model
July 2021
This study aims to investigate the reliability and validity of a new version of the tax compliance scale. The new scale extended the Fischer’s et al model of tax compliance by drawing more constructs and question items from the theoretical literature review, empirical results of the previous studies and similar questionnaires from different countries. There were 39 question items refined through the process of the...
Does the importance of relevance and faithful representation differ between GAAP and tax reporting? A discussion of the trade-offs between cash-basis, accrual-basis, and fair value accounting methods
July 2021
This paper explains the trade-offs between the relevance and faithful representation of accounting information analyzed in the contexts of the cash-basis, accrual-basis, and fair value accounting methods used to prepare financial statements for Generally Accepted Accounting Principles (GAAP) and tax reporting. Discussion of the role of the relevance and faithful representation of accounting information is generally...
Taxing the informal sector through presumptive taxes in Zimbabwe: An avenue for a broadened tax base, stifling of the informal sector activities or both
July 2021
Domestic revenue generation occupies a central domain in most countries, leading to continuous mapping of strategies towards its enhancement. Taxation is a dependable and foreseeable avenue to generate revenue for governments to fulfil their key obligations of employment creation, economic growth and infrastructural development, poverty reduction and state security. Despite these plausible arguments, tax revenues are...
An empirical investigation of the audit expectation gap: Evidence from Cameroon
July 2021
Although the audit expectation gap has been subject to substantial research over the past two decades, it remains a controversial issue for the audit profession. This study, therefore, examines the existence of an audit expectation gap in Cameroon between auditors and users (accountants, bankers, and investors), assesses the dimensions of the gap, and relates the findings to prior findings on the expectation gap. A...
Board size and firm performance in developing counties: Case of East Africa
July 2021
The main objective of this study was to examine the influence of board size on the financial performance of listed companies within the East African Community (EAC) and make recommendations on the board size that can enhance company financial performance within the EAC. The research adopted a positivist paradigm in a quantitative analysis using non-probability sampling to select forty-two listed companies listed on the...
Achieving competitive advantage and financial sustainability through acquisition and restructuring strategies
July 2021
Acquisition and restructuring strategies are some of the growth and retrenchment strategies that firms employ with the aim of achieving competitive advantage in form of superior financial sustainability position. In this study, we set out to provide a descriptive framework for acquisition and restructuring strategies as corporate level strategies and to investigate the ability of these strategies to help organizations...
Related party transactions and their association with earnings management – evidence of Hong Kong listed companies
July 2021
This study empirically investigates whether related party transactions play an important role in earnings management in Hong Kong Stock Exchange, by using manually collected data comprising 1,278 firms’ yearly observations from all listed company on Hang Seng Composite Industry Indexes from 2016 to 2018. This study analyzes the three most frequent types of related party transactions, including related sales,...
The influence of mental accounting, perceived trust and power of revenue authorities on tax compliance among SMEs in Zimbabwe
April 2021
This study is done against a background of perennial negative variances between the projected and actual tax collections in Zimbabwe. Studies that look at the influence of mental accounting, perceived trust and power of tax authorities on tax compliance seem to be lacking in Africa. The target population comprise of self-employed tax payers because these currently comprise the highest form of employment among...
The COVID-19 and earnings management: China’s evidence
April 2021
This study investigated the relationship between the COVID-19 outbreak and the Chinese listed firms’ earnings management practices. It also examined how this relationship was moderated by the Chinese listed firms’ corporate social responsibility (CSR) and the external corporate governance mechanism. The data in this study were mainly retrieved from the China Stock Market and Accounting Research (CSMAR)...
Economy-wide impact of tax reform in Ethiopia: A recursive dynamic general equilibrium model
April 2021
This paper examined the macroeconomic influence of tax reform on the Ethiopian economy using the Dynamic Computable General Equilibrium model. It utilized the updated 2009/2010 Ethiopian Social Accounting Matrix (SAM) from 2005/2006 developed by Ethiopian Development Research Institute (EDRI). To investigate the impact of tax reform on the Ethiopian economy, different simulations were made turn by turn. First, a...
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