|
on Accounting and Auditing |
| By: | Padri Achyarsyah (Universitas Nasional, Indonesia Author-2-Name: Maimunahwaroh Heta Warman Author-2-Workplace-Name: Universitas Nasional, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This research examines the factors that influence auditor switching. It was conducted for financial auditors. The factors consist of audit tenure, time budget pressure, and independence toward auditor switching, with professional ethics as a moderating factor. Methodology/Technique - This research is casual and uses a descriptive and verification approach. It uses questionnaires and interviews to collect data. The respondents are financial auditors in Jakarta. The hypothesis test is conducted using SmartPLS 4. Findings - These research results show that audit tenure, time budget pressure, and independence significantly affect auditor switching. Further, professional ethics can moderate the audit tenure and independence of auditor switching. Meanwhile, professional ethics cannot moderate time budget pressure on auditor switching. Novelty - These findings are significant for audit practices and regulations in Indonesia, particularly in enhancing audit quality through regulating engagement duration, managing time budget pressure, and improving auditor independence. Type of Paper - Empirical" |
| Keywords: | Audit Tenure, Time Budget Pressure, Independence, Ethics, Auditor Switching. |
| JEL: | M40 M41 M42 |
| Date: | 2024–12–31 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:afr237 |
| By: | Papp, Tamás K.; Takáts, Előd |
| Abstract: | The paper shows how tax rate cuts can increase revenues by improving tax compliance. The intuition is that tax evasion has externalities: tax evaders protect each other, because they tie down limited enforcement capacity. Thus, relatively small tax rate cuts, which decrease incentives to evade taxes, can lead to increased revenues through spillovers – creating Laffer effects. Interestingly, cutting de facto tax rates imply increasing de facto or effective tax rates. The model is consistent with the consequences of Russian tax reform, and may provide basis for further thinking about tax rate cuts in other countries. |
| Keywords: | Laffer curve; tax compliance; tax evasion |
| JEL: | F3 G3 |
| Date: | 2024–12–19 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:126682 |
| By: | International Monetary Fund |
| Abstract: | The paper examines domestic revenue mobilization in Mauritania and proposes strategies to enhance tax revenue collection to address fiscal sustainability challenges and finance critical investment projects. Despite recent progress, Mauritania’s tax-to-GDP ratio remains below that of its peers, constrained by a complex legal framework, numerous derogatory tax regimes, and inefficiencies in revenue administration. The analysis indicates that Mauritania could increase tax revenues by up to 3.4% of GDP in the medium term, thus reducing its tax gap by one-third. Key policy recommendations include reducing VAT exemptions, replacing corporate tax exemptions with cost-based incentives, reforming the personal income tax system, broadening the consumption tax base, simplifying tax procedures, managing tax arrears more effectively, and strengthening tax compliance. |
| Date: | 2024–12–20 |
| URL: | https://d.repec.org/n?u=RePEc:imf:imfscr:2024/369 |
| By: | Mohamed Khenissi (Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon); Claire Bassin (Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon); François Lantin (Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon) |
| Abstract: | This paper examines the influence of female representation in the audit committee (CAD) on the quality of non-financial reporting. The empirical study is conducted on a sample of companies belonging to the SBF 120 stock market index over the period from 2014 to 2021. The results show the positive influence of women's presence on social CSR and overall CSR disclosure. We find that a critical mass of at least three women members of ACD needs to be reached to improve environmental disclosure. The results of our research are in line with PACTE law (2019), which increases requirements for the dissemination and certification of non-financial information, and Copé-Zimmermann law (2011), which strengthens the presence of women on boards of directors and their various committees. |
| Abstract: | Ce papier examine l'influence de la représentation féminine au sein du comité d'audit sur la qualité du reporting extra-financier. L'étude empirique est menée auprès d'un échantillon de sociétés composant l'indice boursier SBF 120 sur la période allant de 2014 à 2021. Les résultats montrent l'influence positive de la présence des femmes sur la divulgation RSE globale et sociale. Nous constatons qu'une masse critique d'au moins trois femmes membres du comité d'audit doit être atteinte pour améliorer l'information environnementale. Les résultats de notre recherche s'inscrivent dans la continuité de la loi de PACTE (2019) qui accroît les exigences en matière de diffusion et de certification d'informations non financières et de la loi Copé-Zimmermann (2011) qui renforce la présence des femmes dans les conseils d'administration et ses différents comités |
| Keywords: | Audit Committee – Women - Extra-financial disclosure - Critical mass, Comité d’audit – Femmes – Divulgation extra-financière – Masse critique |
| Date: | 2024–08–26 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04684806 |
| By: | Matanle, Peter; Shin, Yejin; Jun, Hannah; Fakharuzi, Zhamayne; Li, Yang; Bradley, Jonathan; McCafferty, Jim |
| Abstract: | We investigate ESG (Environmental, Social, and Governance) information disclosure and reporting practices among South Korea’s largest publicly traded companies from 2018 to 2023. We focus on corporate reporting on employment practices within the ‘S’ pillar of the ESG framework. Through a simultaneous convergent mixed methods research design combining quantitative analysis of disclosed data with qualitative insights from corporate stakeholders, we highlight significant challenges and contradictions in ESG reporting. These stem from regulatory ambiguities, socio-political and cultural barriers, and the absence of standardized and reliable disclosure frameworks. Our research contributes to the literature by proposing a contextualized ESG disclosure framework that integrates local cultural and regulatory norms with global sustainability standards. This not only advances the theoretical understanding of ESG reporting in non-Western contexts but provides practical guidance for firms seeking to enhance transparency, meet investor expectations, and drive corporate sustainability. |
| Date: | 2025–01–15 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:zg5vd |
| By: | Sergey Bondarkov; Victor Ledenev; Dmitriy Skougarevskiy |
| Abstract: | The Russian Financial Statements Database (RFSD) is an open, harmonized collection of annual unconsolidated financial statements of the universe of Russian firms in 2011-2023. It is the first open data set with information on every active firm in the country, including non-filing firms. With 56.6 million geolocated firm-year observations gathered from two official sources, the RFSD features multiple end-user quality-of-life improvements such as data imputation, statement articulation, harmonization across data providers and formats, and data enrichment. Extensive internal and external validation shows that most statements articulate well while their aggregates display higher correlation with the regional GDP than the previous gridded GDP data products. We also examine the direction and magnitude of the reporting bias by comparing the universe of firms that are required to file with the actual filers. The RFSD can be used in various economic applications as diverse as calibration of micro-founded models, estimation of markups and productivity, or assessing industry organization and market power. |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2501.05841 |
| By: | Alain Babatoundé; Bart Capéau; Romain Houssa |
| Abstract: | In West Africa, the Value Added Tax (VAT) policy consists of a uniform tax rate, but several items consumed by rich and poor households, are exempted. We provide an optimal tax framework to reflect on the welfare effects of such a tariff structure, in the context of current debates on domestic resource mobilisation in low-income countries (LICs). Our analysis includes the distinguishing feature that a significant part of the consumption goods in LICs stems from own production, and can therefore not be taxed. We also account for preference heterogeneity over market goods and auto-consumption. A preference consistent individual welfare measure that depends on both types of goods, is used. To deter mine optimal tax rates, individual welfare levels are aggregated by social welfare functions with different degrees of inequality aversion. We apply this framework to household data from Benin. The results support reforms for alternative VAT rate structures that improve welfare in the region. In comparison to the current VAT policy, our reforms yield higher average relative welfare gains for the lower deciles. Due to preferences heterogeneity, however, we find winners and losers in all welfare deciles. We develop a bootstrap procedure to construct confidence intervals on welfare indicators. |
| Date: | 2023–04 |
| URL: | https://d.repec.org/n?u=RePEc:ete:ceswps:746845 |
| By: | Jean-François Maystadt; Kampui Tsang; Johannes Van Biesebroeck; Nele Warrinnier |
| Abstract: | Do international sanctions effectively impose economic costs on targeted entities? We consider various U.S. sanctions imposed on the Xinjiang Production and Con struction Corps (XPCC) from July 2020 onward. We find that exactly when sanc tions are imposed, stock market returns of XPCC-connected companies are 1 to 2 percent lower than those of non-sanctioned companies. We explore the potential channels for this drop in market value using quarterly firm-level accounting data. Results indicate that inventories increased, but there is no evidence that sanc tions impacted profitability, size, or liquidity. Furthermore, we find evidence that targeted companies were shielded through lower borrowing costs, lower taxes and higher subsidies, which might explain the relatively small losses in market value. These findings suggest that targeted sanctions can generate economic costs, but also that governments can shield targeted entities from bearing the full cost. |
| Date: | 2024–01 |
| URL: | https://d.repec.org/n?u=RePEc:ete:ceswps:746863 |
| By: | William M. Doerner (Federal Housing Finance Agency); Michael J. Seiler (Federal Housing Finance Agency); Matthew Suandi (Federal Housing Finance Agency) |
| Abstract: | We find a puzzling increase in home valuations following the adoption of stricter flood standards. At the same time, we are observing shifts in appraisers' valuation practices. Specifically, appraisers reduce negative language, use fewer flood-zone comparables, and apply smaller adjustments to comparable sales, suggesting a behavioral adaptation rather than a market mispricing. Experienced appraisers are more likely to underappraise properties, yet appraisal values still generally match or exceed contract prices 89.2% of the time. These aforementioned changes and the underlying market dynamics are unlikely to be driven by changes in underlying flood risk. Future research on this topic is warranted. |
| Keywords: | appraisal, disclosure, flood, mortgage, real estate |
| JEL: | D84 G18 G21 K32 Q54 R31 R38 |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:hfa:wpaper:25-02 |