Aktiviteter per år
Sammanfattning
This study investigates the association between private company auditing and intertemporal income shifting. Using a large reduction in the Finnish corporate tax rate as a strong incentive for income shifting and financial statement data coupled with proprietary information from the tax authorities, we analyse accruals and cost stickiness of small private companies. Our results reveal significant differences in accrual income shifting between audited and unaudited companies, but only among companies that on average could anticipate the tax reduction the most. Further, we find auditors to restrict sticky selling, general, and administrative cost behaviour that we hypothesise is associated with illegal actions. Additional tests expose a nontrivial number of incorrectly unaudited companies which are the ones mostly associated with income shifting. Taken together, our study highlights the effects of audit exemption and the importance of enforcement while also suggesting that the audit process is value adding for the tax authorities.
Originalspråk | Engelska |
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Referentgranskad vetenskaplig tidskrift | Accounting and Business Research |
Volym | 49 |
Nummer | 3 |
Sidor (från-till) | 245-270 |
Antal sidor | 26 |
ISSN | 0001-4788 |
DOI | |
Status | Publicerad - 16.04.2019 |
MoE-publikationstyp | A1 Originalartikel i en vetenskaplig tidskrift |
Nyckelord
- 512 Företagsekonomi
Fingeravtryck
Fördjupa i forskningsämnen för ”Do auditors constrain intertemporal income shifting in private companies?”. Tillsammans bildar de ett unikt fingeravtryck.Aktiviteter
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Pennsylvania State University
Sundvik, D. (Vistelse utomlands)
01.01.2018 → 09.06.2018Aktivitet: Besök på en extern institution › Besök på annan institution
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2017 American Accounting Association Annual Meeting
Sundvik, D. (Talare: Presentation)
06.08.2017 → 09.08.2017Aktivitet: Deltagande i eller organisering av evenemang › Arrangemang av / deltagande i konferens, workshop, kurs, seminarium
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The 40th Annual Congress of the European Accounting Association
Sundvik, D. (Talare: Presentation)
10.05.2017 → 12.05.2017Aktivitet: Deltagande i eller organisering av evenemang › Arrangemang av / deltagande i konferens, workshop, kurs, seminarium