Tax Disclosures in Financial and CSR Reporting as a Deterrence for Evasion

Csr Reporting

This chapter is about the mandatory disclosure of income tax as required by international financial reporting standards (IFRS) and standards issued by Portuguese regulatory bodies. The chapter also elaborates the most relevant disclosures from the perspective of corporate social responsibility (CSR). Furthermore, it highlights the most influential CSR reporting standards to answer the question that whether these standards adequately address the issue of income tax payment as a factor of CSR. Finally, it also reviews the international and Portuguese theoretical and empirical academic research available about income taxes and related subjects, such as disclosures, corporate tax as a CSR matter, and tax aggressiveness of corporations. Future research may be conducted geographical reporting of income tax expense and its relationship with the effective tax rate (ETR) and other independent variables.

The role of enterprise risk management on disclosure transparency in the international financial reporting standards period

Accounting ◽

10.5267/j.ac.2021.4.016 ◽

2021 ◽

Vol 7 (6) ◽

pp. 1241-1250 ◽

Author(s):

Bisan Almasri

Keyword(s):

Risk Management ◽

Financial Reporting ◽

Enterprise Risk Management ◽

Future Research ◽

Reporting Standards ◽

Enterprise Risk ◽

Study Results

This research empirically investigates the role of the enterprise risk management system implementation level in capturing firm managerial incentives. The system plays an important role in understanding the association between international financial reporting standards and the capital market. Listed firms in the Australian market were used for the period 2000-2010 for this purpose. The study results imply that implementing higher levels of ERM by Australian firms during the mandatory IFRS adoption period does not capture firm incentives in IFRS period. Consequently, these results suggest that the implementation of ERM by Australian firms does not reduce the contractual costs between investors and management, whilst adopting IFRS does. Future research may use other techniques and/or strategies other than ERM, to capture the firm incentives, and as a result, may have economic consequences.

The Historical and Current Status of Global IFRS Adoption: Obstacles and Opportunities for Researchers

The International Journal of Accounting ◽

10.1142/s1094406022500019 ◽

2020 ◽

pp. 2250001

Author(s):

Xiaoxiao Song ◽

Madeline Trimble

Keyword(s):

Financial Reporting ◽

Empirical Studies ◽

Current Status ◽

Future Research ◽

Reporting Standards ◽

Ifrs Adoption ◽

The World ◽

Cross Reference

The number of countries that have adopted International Financial Reporting Standards (IFRS) in some form has grown each year. However, the existing literature generally ignores the varied types and the complex timing of IFRS adoption. Our paper provides a cross-reference of IFRS adoption dates and types for 195 countries and territories around the world. This definitive data, including an extensive online dataset, was developed to help researchers better identify IFRS adoption events in the samples used in their empirical studies. Additionally, we highlight potential challenges in identifying IFRS adoption types and dates as well as provide areas of future research that can benefit from our dataset, which can be accessed online https://about.illinoisstate.edu/mktrimb/song-trimble-2022-dataset/ .

INVESTMENT TAX DEDUCTION AS A SOURCE OF FIXED ASSETS MODERNIZATION FINANCING OR DEPRECIATION REPLACEMENT

Territory Development ◽

10.32324/2412-8945-2019-3-20-25 ◽

2019 ◽

pp. 20-25

Author(s):

M.R. Shabanova ◽

◽

R.I. Shumyatsky ◽

Keyword(s):

Financial Reporting ◽

Income Tax ◽

Economic Effect ◽

Corporate Income Tax ◽

Reporting Standards ◽

Advantages And Disadvantages ◽

Fixed Assets ◽

Tax Deduction ◽

Depreciation Methods

The study conducted a comparative analysis of depreciation and investment tax deduction, calculated the economic effect of applying investment deduction, utilizing the appropriate depreciation methods (linear, non-linear) and using the bonus depreciation, identified the main advantages and disadvantages of using the investment deduction, examined depreciation standards in accordance with international financial reporting standards, conducted analysis of the application level of benefits for corporate income tax in the framework of depreciation corporate policy.

Does the government-mandated adoption of international financial reporting standards reduce income tax revenue?

International Tax and Public Finance ◽

10.1007/s10797-018-9495-2 ◽

2018 ◽

Vol 26 (1) ◽

pp. 145-166

Author(s):

Chih-Wen Mao ◽

Wen-Chieh Wu

Keyword(s):

Financial Reporting ◽

Income Tax ◽

Tax Revenue ◽

Reporting Standards ◽

The Government ◽

Income Tax Revenue ◽

Mandated Adoption

Multiple logics within the international Islamic financial architecture: implications for Islamic financial reporting standards

Accounting Research Journal ◽

10.1108/arj-03-2020-0059 ◽

2020 ◽

Vol 33 (6) ◽

pp. 709-727 ◽

Author(s):

Murniati Mukhlisin ◽

Mohamed Fadzly

Keyword(s):

Financial Reporting ◽

Theoretical Perspective ◽

Future Research ◽

Reporting Standards ◽

Structured Interviews ◽

Content Type ◽

Financial Architecture ◽

Political Interests ◽

Islamic Financial Institutions

Purpose This paper aims to examine the existence of multiple institutional logics among a number of organisations within the international Islamic financial architecture (IIFA) whose main purpose is to promote and support the development of Islamic financial institutions (IFIs) across the globe and how IIFA relates to the role of Islamic financial reporting standards. Design/methodology/approach The authors review websites of 11 IIFA’s constituent organisations and undertake 7 in-depth, semi-structured interviews with senior members of a selection of these organisations to identify the dominant logics by which their role and (inter)action within the IIFA are shaped. Findings The study findings reveal evidence of competing (and shifting) logics and political interests that seem to have led to contradictions and inconsistencies among the constituent organisations. The authors explain this by proposing a framework consisting of religion logic, market logic and corporate logic that intertwines with the underlying economic system and acts as sources of identity–legitimacy–authority for the respective organisations. Originality/value The authors bring to light some key issues that may pose a threat to the sustained existence of IFIs. The authors adapt the institutional logic framework and incorporate it into religion logic within the context of Islam (i.e. hifdzul-din as the first Maqasid ul-Shari’ah), resulting in some fresh theoretical perspective that may inform future research.

International financial reporting standards (IFRS) as a change agent in Ukraine

Journal of Governance and Regulation ◽

10.22495/jgr_v2_i3_c1_p6 ◽

2013 ◽

Vol 2 (3) ◽

pp. 139-151 ◽

Author(s):

Jessica Hong Yang ◽

Nada Kakabadse ◽

Dmytro Lozovskyi

Keyword(s):

Financial Reporting ◽

Reporting Quality ◽

Future Research ◽

Software Systems ◽

Reporting Standards ◽

Factors Affecting ◽

Ifrs Adoption ◽

Implementation Costs

The study aims to examine the perception of key actors regarding the costs and benefits that result from adopting International Financial Reporting Standards (IFRS) in Ukraine. Design/Methodology/Approach – The authors conducted a questionnaire survey in order to identify perceptions of financial managers of Ukrainian listed firms regarding the benefits and the costs associated with transition to IFRS. Our results showed that IFRS implementation impacts on internal reporting quality, the relationship with customers, creditors and shareholders, the access to international markets and external financing. It also indicated that financial managers have serious concerns about implementation costs related to the introduction of IFRS. These costs relate to training, instruction on IFRS adoption and translation of current IFRS, changes in software systems, double purpose accounting and deadlines for IFRS adoption and consulting services. Whilst this research has established a general model that consists of six factors, affecting IFRS relevance to Ukraine, the extent of interrelations between these factors is not clear. Thus, it may be of a great interest for future research to explore this issue in more detail and, in particular, conduct empirical research to determine the extent of interdependency between six factors in the model. The results and conclusions of this research can be of a great interest to policy makers and business practitioners since all public companies in Ukraine are obliged to adopt IFRS from 2012. It might be of interest to conduct this research on results of mandatory implementation of IFRS in Ukraine while taking into account the circumstances that suggested almost no relevance of the international accounting standards to the country at the moment of their application. This is the first metrical study that discusses the relevance of IFRS to Ukraine’s national needs.

STUDI PUSTAKA RELEVANSI NILAI INFORMASI AKUNTANSI SEBELUM DAN SESUDAH PENERAPAN INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL ◽

10.29303/jmm.v4i4.59 ◽

2015 ◽

Vol 4 (4) ◽

Author(s):

Baiq Reinelda Tri Yunarni

Keyword(s):

Financial Reporting ◽

Value Relevance ◽

Academic Research ◽

Accounting Information ◽

Financial Statements ◽

Reporting Standards ◽

Ifrs Adoption ◽

Library Research

This study is a reviewof the academic research on value relevance of accountinginformationafter the application of International Financial Reporting Standards (IFRS)published in The Accounting Review in period of 2008-2012. The articles in those journalhave been selected in order to be relevantwith the purpose of this study, that is to determinethe changes (increases or decreases) the value relevanceof IFRS-based accountinginformation. This study uses library research method by collecting and reviewing 27articlesto be discussed qualitatively.Overall results of the review indicate that the adoption of IFRS has not been able toincrease the value relevance of accounting information. Application of IFRS can onlyincrease the international comparability of financial statements. The review also shows thatIFRS have not been able to reduce the level of company’s earnings management.Keywords : value relevance of accounting information, IFRS adoption, The Accounting Review

Determinants of de jure adoption of international financial reporting standards: a review

Pacific Accounting Review ◽

10.1108/par-10-2020-0193 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Maria Ming Bengtsson

Keyword(s):

Financial Reporting ◽

Future Research ◽

Reporting Standards ◽

Content Type ◽

Wide Range ◽

Prior Literature ◽

Research Findings ◽

Theory Use

Purpose The purpose of this paper is to systematically review extant studies on what makes a country fully, partially or not adopt international financial reporting standards (IFRS) and categorize these factors into meaningful categories. In so doing, this study facilitates policy-making for accounting and economic standard setters and also points out conflicting viewpoints in the current literature, thus, opportunities for future research. Design/methodology/approach This paper is a literature review on academic studies that examine factors influencing national adoption of IFRS. The reviewed articles are limited to published, peer-reviewed papers only. Findings Overall, the review suggests that although a wide range of determinants on national adoption of IFRS has been identified, prior literature consists of conflicting viewpoints on what influence national accounting policies toward IFRS, thus, highlighting areas in which there are needs for future research. Research limitations/implications First, this study focuses only on the de jure adoption of IFRS. Second, the study focuses mainly on research findings, not theory use in the extant literature. Originality/value To the best of the author’s knowledge, this is the first study, which provides a comprehensive review of studies on de jure IFRS adoption.

Economic Consequences Of IFRS Adoption In Korea: A Literature Review

Journal of Applied Business Research (JABR) ◽

10.19030/jabr.v32i6.9813 ◽

2016 ◽

Vol 32 (6) ◽

pp. 1649 ◽

Author(s):

Jee In Jang ◽

Kyung Joo Lee ◽

Youngmi Seo ◽

Joonhei Cheung

Keyword(s):

Financial Reporting ◽

Firm Value ◽

Value Relevance ◽

Empirical Studies ◽

Academic Research ◽

Economic Consequences ◽

Future Research ◽

Ifrs Adoption ◽

C Value

We provide a comprehensive review of academic research on the economic consequences of International Financial Reporting Standards (IFRS) adoption in Korea. We review 18 empirical studies on the economic consequences of IFRS adoption in Korea and classify them into six areas: (a) earnings quality, (b) comparability of financial statements, (c) value relevance, (d) analysts’ behavior, (e) information asymmetry, and (f) cost of capital and firm value. Our review suggests that IFRS adoption in Korea has generally afforded positive economic consequences. The limitations of the existing studies are discussed and various directions for future research are suggested.

Pengaruh Konvergensi International Financial Reporting Standards (Ifrs) Terhadap Penghindaran Pajak(Tax Avoidance)

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v26i2.276 ◽

2018 ◽

Vol 26 (2) ◽

pp. 158-169

Author(s):

Umi Wahidah ◽

Sri Ayem

Keyword(s):

Financial Reporting ◽

Tax Evasion ◽

Stock Exchange ◽

Control Variable ◽

Tax Avoidance ◽

Sampling Technique ◽

Reporting Standards ◽

Control Variables ◽

Financial Reporting Standards

This research aimed to examine the effect of the convergence of International Financial Reporting Standards (IFRS) on tax avoidance on companies listed in Indonesia Stock Exchange. Tax avoidance that used in this research was Cash Efective Tax Rate (CETR). This research is also use the control variable to get other different influence that different such as CSR, size, and earning management (EM. This research used populations sector of transport service companies that listed in Indonesia Stock Exchange. The data of this research taken from secondary data that was from the Indonesia Stock Exchange in the form of Indonesian Capital Market Directory (ICMD) and the annual report of the company 2011-2015. The method of collecting sample was purposive sampling technique, the population that to be sampling in this research was populations that has the criteria of a particular sample. Companies that has the criteria of the research sample as many as 78 companies. The method of analysis used in this research is multiple regression analysis. Based on regression testing shows that the convergence of International Financial Reporting Standards (IFRS) has a positiveand significant impact on tax evasion. This shows that IFRS convergence actually improves tax evasion practices. The control variables of firm size and earnings management also significantly influence the application of IFRS in improving tax avoidance practices, while CSR control variables have no role in convergence IFRS in improving tax evasion practice.