Boards? Reactions to Problems in Accounting for Income Taxes

被引：0

作者：

Olson, Adam J. ^{[1
,3
,4
]}

Ordyna, Paul ^{[2
]}

机构：

[1] Univ Cincinnati, Cincinnati, OH USA

[2] Univ South Dakota, Vermillion, SD USA

[3] Univ Cincinnati, Lindner Coll Business, Dept Accounting, Cincinnati, OH 45221 USA

[4] Univ South Dakota, Beacom Sch Business, Div Accounting & Finance, Vermillion, SD USA

来源：

JOURNAL OF THE AMERICAN TAXATION ASSOCIATION | 2023年 / 45卷 / 01期

关键词：

taxes; CFO turnover; CEO turnover; control weaknesses; restatements; INTERNAL CONTROL DEFICIENCIES; MATERIAL WEAKNESSES; EARNINGS MANAGEMENT; CONSEQUENCES; RESTATEMENTS; REMEDIATION; EXPERTISE; QUALITY; FAILURE; AUDITOR;

D O I：

10.2308/JATA-2020-021

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Accounting for income tax (AFIT) problems are among the most common and persistent of accounting problems. We examine boards' reactions to AFIT accounting problems compared to reactions to problems originating from other areas of accounting. Specifically, we investigate executive turnover decisions surrounding announcements of control weaknesses and restatements in AFIT compared to turnover decisions around announcements of control weaknesses and restatements in other accounts. We find that CFO and CEO turnover is not statistically different around AFIT control weaknesses compared to other control weaknesses. We also find that CFO and CEO turnover is higher around AFIT restatements compared to other restatements. We find no similar pattern with auditor turnover or around other types of control weaknesses or restatements. Overall, our study suggests that boards hold top executives accountable for problems occurring in AFIT differently than problems occurring in other areas of accounting.

引用

页码：145 / 166

页数：22

共 41 条

[1] When Should You Adjust Standard Errors for Clustering?* [J].