|
on Accounting and Auditing |
| By: | Ruby Doeleman (WU Vienna); Dominika Langenmayr (KU Eichstätt-Ingolstadt); Dirk Schindler (Erasmus University Rotterdam) |
| Abstract: | Since 2016, Country-by-Country reporting has provided tax authorities with detailed information about multinationals' worldwide activities. We model Country-by-Country reporting as increasing tax planning and tax audit costs for profit-shifting multinationals, where the latter costs depend on the share of profits in tax havens. Then, Country-by-Country reporting makes shifting profits from a high-tax country to a tax haven more attractive compared to shifting from a low-tax country. Thus, while total profits shifted to the haven decrease, profit shifting from high-tax affiliates may increase relative to the situation without Country-by-Country reporting. We confirm these changes in profit-shifting patterns using a difference-in-differences design. |
| Keywords: | Country-by-Country-Reporting, Profit Shifting, Anti-Tax-Avoidance Rules |
| JEL: | F23 H25 H26 |
| Date: | 2026–06–03 |
| URL: | https://d.repec.org/n?u=RePEc:tin:wpaper:20260027 |
| By: | Lakshminarayan, Srivatsan |
| Abstract: | This paper examines whether, and how, the design of India's group auditing standard, SA 600 (2002), shaped the interpretive conditions in which audit deficiencies arose in corporate failures, and evaluates the case for convergence with ISA 600. The paper draws on documentary analysis of fifty NFRA enforcement outputs — audit quality review reports (AQRRs) and disciplinary orders issued between 2019 and 2024 across six public interest entities — supplemented by NFRA meeting minutes, the regulator's 2024 consultation on a revised standard, and thirty-two comment letters. The analysis is situated against the international literature on group audit quality and divided auditor responsibility. NFRA's enforcement record reveals a consistent pattern: principal auditors treated SA 600 (2002)'s division of responsibility clause as a basis for limiting their engagement responsibility for subsidiaries and associates, even where fraud indicators were visible. The dominant failures were of implementation — non-compliance with requirements SA 600 already imposed — rather than of design; yet the standard's design structured the interpretive environment so that non-compliance became predictable and defensible. The Institute of Chartered Accountants of India (ICAI) did not submit a response to NFRA's public consultation, which effectively constitutes an institutional impasse; while most respondents supported revision, practitioners were divided. Although NFRA's enforcement outputs have featured in Indian professional commentary, they have not previously been mobilised as a systematic empirical corpus in the group audit literature, and this paper is among the first to do so. It demonstrates that standard divergence can create interpretive conditions in which non-compliance becomes institutionally defensible. This has implications for jurisdictions weighing whether and how far to converge national group auditing standards with international requirements on auditor responsibility. |
| Date: | 2026–06–15 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:c4wr5_v1 |
| By: | Meita Larasati (Universiti Utara Malaysia, Malaysia Author-2-Name: Zakiyah Sharif Author-2-Workplace-Name: Universiti Utara Malaysia, Malaysia Author-3-Name: RamAl Jaffri Saad Author-3-Workplace-Name: Universiti Utara Malaysia, Malaysia 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 reviews and synthesizes accounting literature on whistleblowing within the Theory of Planned Behavior (TPB) framework, with a particular focus on its extensions, and aims to provide guidelines for future research in accounting. Methodology/Technique - First, the study systematically maps the regional distribution of prior research, identifies geographic contexts explored in whistleblowing studies in accounting, and highlights opportunities for future research in underrepresented regions. Second, it classifies and analyzes the types of respondents used in existing studies, providing insights into the most frequently examined groups and suggesting potential respondent categories to advance whistleblowing research in the accounting domain. Third, it examines the methodological and contextual characteristics of the literature, including research designs, instrumentation approaches, and analytical techniques, while identifying methodological gaps and directions for future development in research design, instrument construction, and data analysis. Fourth, the review explores the empirical focus of prior studies by mapping the types of misconduct investigated and assessing the role of different whistleblowing channels, alongside recommendations for future research on underexplored misconduct types and reporting mechanisms. Finally, the study analyzes the additional constructs integrated into the TPB framework within whistleblowing research. Findings - Identifying geographic contexts that have been explored within whistleblowing studies in accounting and highlighting opportunities for future research across underrepresented regions; providing insights into the most frequently examined groups and suggesting potential respondent categories suitable for advancing whistleblowing research in the accounting domain; identifying methodological gaps and directions for future development in research design, instrument construction, and data analysis; mapping the types of misconduct investigated and assessing the role of different whistleblowing channels, alongside recommendations for future research on underexplored misconduct types and reporting mechanisms. Novelty - Offering future directions for theoretical expansion and refinement of the TPB model in accounting contexts. Collectively, this structured synthesis provides a comprehensive understanding of how TPB and its extensions have been operationalized in whistleblowing studies, laying a foundation for more nuanced theoretical and empirical advancements in future research. Type of Paper - Empirical" |
| Keywords: | Whistleblowing; Theory of Planned Behavior; Internal auditor; accounting; Sem-Pls |
| JEL: | M41 D91 M14 |
| Date: | 2026–06–30 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:afr251 |
| By: | Sriya Anbil; Alyssa G. Anderson; Ethan Cohen; Romina Ruprecht |
| Abstract: | We present a new constraint on the size of the Fed’s balance sheet: repo market capacity. Calibrating a structural model to the recent monetary tightening cycle, we show that repo market capacity—driven by money market fund liquidity supply—is the binding constraint on the Fed’s balance sheet, not bank reserve demand, which was highlighted in the events of September 2019. We also demonstrate a novel complementarity between interest rate and balance sheet policies: higher policy rates expand repo capacity, allowing the central bank to operate with a smaller balance sheet. |
| Keywords: | monetary policy implementation; quantitative tightening; reserves; overnight reverse repo facility; shadow banks |
| Date: | 2026–06–22 |
| URL: | https://d.repec.org/n?u=RePEc:fip:fedgfe:103441 |