Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 206

JAT Articles

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...

Author(s): Ibrahim Aramide Salihu and Farahiyah Kawi

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,...

Author(s): Dusan Andrejcik, Gurcharan Singh and Anwar Halari

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...

Author(s): Olayinka, Olalekan Moses

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...

Author(s): Daniel Kofi Quampah, Hussein Salia, Karim Fusheini and Nicholas Adoboe-Mensah

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...

Author(s): Okunola, Adesola Olajumoke

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...

Author(s): Christina Vadasi, Stergios Tasios and Michalis Bekiaris

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...

Author(s): Japhet Imhanzenobe

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,...

Author(s): Patrick Kuok Kun CHU and Mayava Weng In LEONG

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...

Author(s): Lazarus Elad Fotoh, Johan Ingemar Lorentzon and Michael Forzeh Fossung

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...

Author(s): David Namanya, Geoffrey Nuwagaba and Festo Tusubira Nyende

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...

Author(s): Favourate Y. Sebele Mpofu

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...

Author(s): Sarah C. Lyon, Timothy Kelley, Loren Margheim

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...

Author(s): Olusegun Vincent

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...

Author(s): Ujjal Mondal

Board structure and firm performance: An empirical study of Greek systemic banks

April 2021

This paper examines the effect of board characteristics on bank financial performance. Tracing the Greek financial crisis during the period of 2008 to 2018, the paper investigates whether board size, board independence, CEO duality, female directors, and foreign directors affect banks performance. The empirical evidence shows that board structure has a significant effect on bank performance. Specifically, board size,...

Author(s): Michalis Bekiaris

Financial accountability mechanisms in local governments in Uganda: a case of Kabale District Local Government

April 2021

The purpose of the study is to present financial accountability mechanisms in local governments, with reference to Kabale district local government. A cross-sectional research design, which used both quantitative and qualitative approaches to collect and analyze data, was adopted. Both simple random and purposive sampling techniques were used to select 117 respondents from 174 subjects. Questionnaires and personal...

Author(s): Perpetua Arinaitwe, Marus Eton, Moses Agaba, Abanis Turyehebwa, Bernard Patrick Ogwel and Fabian Mwosi

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...

Author(s): Marcus Mutanga, Nokuthula Ncube, Eukael Nombuyiselo Mbuyisa and Prisca Magodhini

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...

Author(s): Takele Abdisa Nikus

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)...

Author(s): He Xiao and Jianqun Xi

Tax-free synthetic cash for individuals: A theoretical review of the Swiss case

January 2021

Synthetic cash, which is a pure product of financial engineering, can be defined as a combination of financial instruments that provide (before tax) a performance equal to that of a traditional monetary deposit but without the use of a debt or interest payment instrument. This article discusses the taxation of synthetic cash in Switzerland and shows that synthetic cash can generate tax-free income when adequately...

Author(s): François-Serge Lhabitant,

Greek tax reality and the VAT gap: Influential factors

January 2021

The value added tax gap (VAT gap) is a notable indicator of tax evasion, tax avoidance and overall inefficiency within the tax system. As the VAT gap in Greece is one of the largest in the European Union (EU), an attempt to quantify and analyze it was made. In order to achieve that, social, economic, fiscal and tax factors were examined based on international literature, since there is very little relevant research in...

Author(s): Eriotis Nikolaos, Missiakoulis Spyros, Papadakis Spyros and Vasiliou Dimitrios

Internal audit as an optimization tool for educational monitoring organizations

January 2021

Organizations that oversee education institutes contribute to the quality of education. Audit as a tool can support the optimization of processes for these organizations. However, literature was scarce regarding audit in educational monitoring organizations. This research attempts to understand the position that audit holds in educational monitoring and how it optimizes their processes. A questionnaire based on audit...

Author(s): Lazos Grigoris, Karagiorgos Alkiviadis, Stavropoulos Antonios, Karagiorgou Dimitra and Hatzakis Nikos

Closed form solution for the valuation of deferred tax assets

January 2021

Deferred tax asset (DTA) is a tax/accounting concept that refers to an asset that may be used to reduce future tax liabilities of the holder. In the banking sector, it usually refers to situations where a bank has either overpaid taxes, paid taxes in advance or has carry-over of losses (the latter being the most common situation). In fact, accounting and tax losses may be used to shield future profits from taxation,...

Author(s): João Marques Silva, Nuno Souto and José Azevedo Pereira

Forensic accounting and financial crimes in Nigerian public sector

October 2020

The mismanagement of notable government businesses across the nation has led to the abandonment of viable public projects and the attendant indiscriminate lay-off of staff in the public sector have generated the ever-increasing attention in academic, private and public sectors. As a result of the increase in the level of decadence in the government sector, a gamut of dissenting voices have been raised necessitating the...

Author(s): Dada Samuel O. and Jimoh Fatai B.  

Effects of information technology on effective tax assessment in Nigeria

October 2020

Ineffective tax assessment and systemic deficiencies have been the general perceptions that tax administrators do not remit tax collections, and this is greatly affecting tax revenue generation in Nigeria. Prior studies have attributed these anomalies to lack of efficient information technology and competent tax administrators. Consequently, this study investigated the effect of information technology on effective tax...

Author(s): Ajala Michael O. O. and Adegbie F. F.

Risk based internal audit at Greek listed shipping companies of New York stock exchange

October 2020

In recent years, significant changes have been made in the internal audit function, based on regulatory stipulations along with the need for improvement of internal audit services. These changes had a significant impact not only on the business itself, but also on the markets and on various stakeholders, and have led to the need to implement a methodology for conducting internal audits based on risk. Our research...

Author(s): Andreas G. Koutoupis, Panagiotis Kyriakogkonas, Ioannis Ploumpis and Dimitrios Leontis

Has tax and accounting relationship come to nothing? An investigation into the decision usefulness of financial information disclosure

October 2020

This paper investigates the decision usefulness of financial information disclosure to the Nigeria tax authority in discharging its tax assessment and collection responsibility. The paper is built on the notion that the long relationship and influence of taxation on accounting should in particular promote decision usefulness information to the tax authority. Thirteen tax themes were developed whose reflection was...

Author(s): Koholga Ormin and Bashir Tijjani  

Factors influencing International Financial Reporting Standards (IFRS) implementation success: Evidence from Ethiopia

October 2020

Drawing on Institutional and Economic Network Theories, this study investigated factors influencing International Financial Reporting Standards (IFRS) implementation success in Ethiopian business organizations identified as Public Interest Companies by the government which were expected to adopt IFRS for the year ending June 30, 2018. The study adopted explanatory method to answer the research questions and test...

Author(s): Mengistu Bogale Ayele

Analysis of the level of compliance with the code of ethics in the accounting profession

August 2020

The accountant professional code of ethics contains the ethical principles applicable to his profession. The purpose of the code of ethics for the accountant is to enable the professional to adopt a personal attitude, according to the ethical principles known and accepted by society. Most financial scandals have called into question the ethical conduct of accounting professionals. The code of ethics in the accounting...

Author(s): Aila Bulo, Filipe Mahaluça, Alfeu Vilanculos, Emidio Mabjaia, Anatolia Maite, Júlio Macuacua and Octávio Manhique  

Ownership structure and tax planning of listed firms: Evidence from Nigeria

August 2020

The study investigated the effect of ownership structure on tax planning of quoted non-financial companies in Nigeria. It aims to find out the ownership structure that improves tax planning thereby reducing tax liability of the firms. Data for the study were extracted from the annual reports and accounts of the companies for ten years (2008 - 2017). The data collected were analysed using descriptive statistics and...

Author(s): Bashir Tijjani and Zachariah Peter  

Challenges of business income tax administration with special emphasis on collection process in Ethiopia: The case of Hadiya zone, Hossana town

August 2020

The objective of this study is to assess the challenges of business income tax administration with special emphasis on collection process in the case of Hadiya zone, Hossana town. To answer the research questions, the researcher used both primary and secondary data as a source of information. Initially, by using proportionally stratified sampling technique, 341 tax payers were selected as a sample size from the total...

Author(s): Desta Temotewos Tumoro  

The challenges affecting tax collection in Nigerian informal economy: Case study of Anambra State

June 2020

The Federal and State Governments might not be able to provide infrastructural development for its citizens, if the citizens do not pay tax. Successive government officers and tax administrators in Nigeria have come up with different programs on how to increase tax collection. Each of these programs has been unsuccessful due to lack of accountability, poor awareness and publicity, and poor implementation. Recently,...

Author(s): Nobert Osemeke, David Nzekwu and Robert O. Okere  

Role and contribution of administrative accounting to small and very small businesses

June 2020

The aim of this work is to study the main factors that influence the collaboration between the firm and a cost specialist. The paper highlights key aspects of administrative accountings activities performed by Small and medium enterprises (SMEs) and factors that differentiate them due to their nature and small size.  Empirical research was conducted through questionnaires to Greek small and micro (very small)...

Author(s): Karagiorgos A., Gaitanaki Alexandra, Ignatiou O. and Terzidou A.  

The impact of value-added tax (VAT) implementation on Saudi banks

February 2020

The study aims to identify the impact of value-added tax (VAT) on Saudi banks, through measuring the impact of changes in the banks before and after the implementation of Value Added Tax (VAT), in all of total assets, total liabilities, customer deposits, retained earnings, total operating income, total operating expenses and net operating income. The study targeted the fourth quarter of 2017 (before the implementation...

Author(s): Meshari Alhussain  

Information technology and the accountant today: What has really changed?

January 2020

One of the major advancements in information technology (IT) is the use of IT tools to perform accounting functions and processes. In this paper, we provide discussions on how IT has affected the accountancy profession. We argued that the traditional duty of accountants is the preparation of financial statements, and consequently, several tasks are carried out throughout that function. In the pre-IT era, accountants...

Author(s): Friday Imene and Japhet Imhanzenobe

Creative accounting and investment decision in listed manufacturing firms in Nigeria

January 2020

Creative accounting involves the manipulation of company’s records toward a predetermined target. Financial information manipulation is usually aimed at misleading the users of financial reporting through the provision of information that affects their decision making. This study evaluated the effects of creative accounting on investment decision in selected listed manufacturing firms in Nigeria’s real...

Author(s): SIYANBOLA Trimisiu Tunji, BENJAMIN, Rebecca Deborah, AMUDA Motunronke Bintu and LLOYD Janet Flomo

Taxation efficiency and accounting assisted transparency, insight into a European framework

January 2020

This paper highlights the relationship between taxation, accounting and transparency for achieving disclosure and efficiency. Research takes into consideration taxation costs and legislation in order to discern an optimized business level of transparency. The data collected from questionnaires were analyzed by descriptive statistical analysis, followed by factor analysis and reliability testing that led to relationships...

Author(s): Karagiorgos Alkiviadis, Lazos Grigorios and Leontiadis Nikolaos  

Effect of executive compensation and share ownership on financial performance of listed deposit money banks in Nigeria

January 2020

It has remained a paradox whether people will be motivated if they believe that strong effort will lead to good performance and good performance will lead to desired rewards. Studies in this area have reported conflicting findings. To this end, the study examines the effect of executive compensation and share ownership on financial performance of listed Deposit Money Banks in Nigeria. Executive compensation variables...

Author(s): Ibrahim Magaji Barde and Ahmed Abubakar Zik-Rullahi

Factor analysis on IFRS Adoption: A survey study on lenders, users and audit firms’ perspective in West Hararghe Zone, Oromia Regional State, Ethiopia

October 2019

The adoption of International Financial Reporting Standards (IFRS) around the world is occurring rapidly to bring about accounting quality improvement through a uniform set of standards for financial reporting standards and harmonization of reporting procedures. For the same purpose, Ethiopia begins the IFRS adoption process since the year 2014. For this study, 200 questionnaires were distributed and administered to...

Author(s): Belesti Wodaje and Kerima Rahmeto  

Investors’ perception and profitability of listed companies: Evidence from Nigeria

October 2019

The stock market has continually been a source of economic development in most developing countries. This study examined the relationship between investors’ perception and profitability of quoted companies in Nigeria using secondary data obtained from the annual reports of forty (40) companies. The study employed the multiple regression techniques to analyze the relationship between investors’ perception...

Author(s): Akinola Abisola and Akinsulere Femi  

The role of board characteristics on the relationship between International Financial Reporting Standards (IFRS) adoption and earnings management: Evidence from China

October 2019

The purpose of this study is to investigate the effect of International Financial Reporting Standards (IFRS) adopting on earning management by considering the role of board size and board independence. Univariate tests and multivariate regression analysis were employed to test whether the level of earnings management is significantly lower after the adoption of IFRS and whether the role of board size and board...

Author(s): Khaldoon Albitar, Ahmad Alqatan and Wei Huang

Effect of tax identification number on revenue generation in Southwest Nigeria

October 2019

This paper examined the effect of tax identification number on revenue generation in south-west, Nigeria. The ex-post facto research design was adopted and the population covered all the states in the Southwest geopolitical zone of Nigeria, out of which three states namely Ekiti, Osun and Ondo States were selected as the study elements using simple random sampling technique. Quantitative secondary data were sourced from...

Author(s): Gideon Tayo Akinleye, Festus Oladipupo Olaoye and Adeduro Adesola Ogunmakin

Do economic variables still influence tax compliance intentions of self-employed persons in developing economies? Evidence from Ghana

October 2019

The purpose of this study was to establish whether tax compliance intentions of tax-registered self-employed persons are still influenced by economic variables instead of non-economic variables which are now at the centre stage in tax compliance research. A quantitative research design based on a survey of 453 self-employed persons randomly selected from 15 Small Taxpayers’ Offices across the Greater Accra region...

Author(s): Jones Adjei Ntiamoah, David Sarpong Jnr. and Ernest Christian Winful  

The informative value of taxes: The case of temporal differences in tax accounting

August 2019

This work is an overview of empirical research of the last decades in the field of deferred taxes, focusing on their value relevance when making business, investment and financing decisions. The majority of research is derived from the Anglo-Saxon area, where the USA Accounting Standard SFAS No.109 is implemented. According to the relevant literature, Deferred Tax Assets, in contrast to Deferred Tax Liabilities, are...

Author(s): Evangelos Chytis

The influence of tax amnesty programme on tax compliance in Nigeria: The moderating role of political trust

July 2019

The paper examined the influence of tax amnesty programme on tax compliance in Nigeria moderating the effect of political trust. The survey research design was employed to understand the taxpayer's perception of the Voluntary Assets and Income Declaration Scheme (VAIDS). We collected the data through the administration of questionnaires to taxpayers across the most commercial states in Nigeria.  The data...

Author(s): Francis Okoye

An assessment of just in time system on the financial performance of manufacturing firms in Nigeria

July 2019

The study examines the effect of Just-in-time on the financial performance of manufacturing organizations in Nigeria. The purpose of the research work is to determine the effect of application of just in time on cost reduction and return on investment of manufacturing firms in Nigeria. Primary data were collected through a self administered questionnaire on knowledgeable sample of employees selected to test the strength...

Author(s): Adeniran Busari Ganiyu, Agbaje Wale Henry and Adeosun M. Adekunle

Impact of IPSAS adoption on transparency and accountability in managing public funds in developing countries: Evidence from Liberia

June 2019

International Public Sector Accounting Standards (IPSAS) has become one of the popular tools implemented by governments to ensure greater transparency and accountability globally. This research assesses the impact of IPSAS adoption on transparency and accountability in the use of public funds in Liberia. A survey design using five-point Likert scale questionnaire was employed for collecting the data. Questionnaires were...

Author(s): Williams Abayaawien Atuilik and Hussein Salia

Effect of tax incentives on the growth of small and medium-sized enterprises (SMEs) in Rwanda: A case study of SMEs in Nyarugenge district

May 2019

The study analyzes the effect of tax incentive on the growth of small and medium-sized enterprises (SMEs) in Rwanda taking SMEs in Nyarugenge as a case study. Qualitative and quantitative research approach was adopted. The population includes 49000 SMEs from agricultural, industrial, services and tourism sectors operating in Nyarugenge district. A sample of 136 SMEs was determined using Silovin and Yemen’s formula...

Author(s): Daniel Twesige and Faustin Gasheja

Expectation – performance of internal auditors: Examining views from Ghana

May 2019

The study examines the audit expectation-performance gap from the standpoint of the internal audit function from the perspective of a developing economy. It evaluates the audit expectation-performance gap from the perspective of internal audit with the view to providing useful insights, interesting dimensions and innovative perspectives to the Audit Expectation Gap (AEG) debate. A questionnaire survey method was used to...

Author(s): Babonyire Adafula, Nicholas Asare, Williams Abayaawien Atuilik and Christopher Jwayire Adafula  

Determinants of profit shifting by multinational companies in developing countries: A case of Rwanda

April 2019

The objective of this study is to examine the determinants of profit shifting by multinational enterprises in Rwanda. The study specifically sought to determine the extent to which finance costs, intra group transactions / services costs and royalty expense influence profit shifting by multinational companies in Rwanda. Profit shifting was measured on the basis of total cost as well as taxable income reported by...

Author(s): Daniel Twesige and Faustin Gasheja  

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