The changing role of auditors in corporate tax planning

by Edward L. Maydew

Publisher: National Bureau of Economic Research in Cambridge, MA

Written in English
Published: Downloads: 840
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Places:

  • United States.

Subjects:

  • Tax planning -- United States.,
  • Corporations -- Taxation -- United States.,
  • Auditors -- United States.

Edition Notes

StatementEdward L. Maydew, Douglas A. Shackelford.
SeriesNBER working paper series ;, working paper 11504, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11504.
ContributionsShackelford, Douglas A., National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3478435M
LC Control Number2005618460

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The changing role of auditors in corporate tax planning by Edward L. Maydew Download PDF EPUB FB2

The Changing Role of Auditors in Corporate Tax Planning Edward L. Maydew, Douglas A. Shackelford. NBER Working Paper No. Issued in August NBER Program(s):Public Economics This paper examines changes in the role that auditors play in corporate tax planning following recent.

This paper examines changes in the role that auditors play in corporate tax planning following recent events, including the well-known accounting scandals, passage of the Sarbanes-Oxley Act, and. The changing role of auditors in corporate tax planning.

[Edward L Maydew; Douglas A Shackelford; National Bureau of Economic Research.] -- "This paper examines changes in the role that auditors play in corporate tax planning following recentevents, including the well-known accounting scandals, passage of the Sarbanes-Oxley Act.

This paper examines changes in the The changing role of auditors in corporate tax planning book that auditors play in corporate tax planning following recentevents, including the well-known accounting scandals, passage of the Sarbanes-Oxley Act, andregulatory actions by the SEC and PCAOB.

On the whole, these events have increased thesensitivity to and scrutiny of auditor by: The Changing Role of Auditors in Corporate Tax Planning 1. Introduction This paper examines the changing role that auditors play in corporate tax planning in the face of the recent events, including the well-known accounting scandals, passage of the Sarbanes-Oxley.

Downloadable. This paper examines changes in the role that auditors play in corporate tax planning following recent events, including the well-known accounting scandals, passage of the Sarbanes-Oxley Act, and regulatory actions by the SEC and PCAOB. On the whole, these events have increased the sensitivity to and scrutiny of auditor independence.

The first paper written by Jayalakshmy et al () discusses the changing role of the Malaysian auditors as a result of the increasing corporate and financial frauds globally. External auditors. The report sets out how tax compliance strategies are evolving in light of new technologies, data sources and tools, including the increasing use of advanced analytics.

It also looks at how these changes might affect the role of audit and auditors in the future. Finally it suggests a number of areas where further work by the Forum on Tax Administration might assist tax administrations in their.

The changing role of Internal Audit 2 Understanding internal audit’s role in the organization In assessing the effectiveness of internal audit, it is critical that the audit committee understands how internal audit relates to, and interacts with, other risk or assurance-related functions, such as.

Comments on “The Changing Role of Auditors in Corporate Tax Planning.” In Taxing Corporate Income in the 21st Century. Auerbach, J. Hines, and J. Slemrod, eds.,pp. Invisible Corporate Tax Preferences. Tuck Today 36 (Spring ): Average effective tax rate.

In The Encyclopedia of Taxation and Tax Policy, second. Audit planning. Guide to help auditors plan the audit process using a risk based approach.

Changing auditors. Provides an explanation of the statutory rules on auditor appointment, the termination of the old auditor’s appointment, and professional and contractual matters.

w Bequest and Tax Planning: Evidence From Estate Tax Returns: Clausing: The Impact of Transfer Pricing on Intrafirm Trade: Hines and Jaffe: International Taxation and the Location of Inventive Activity: Maydew and Shackelford: w The Changing Role of Auditors in Corporate Tax PlanningCited by: Comments on “The Changing Role of Auditors in Corporate Tax Planning.” In Taxing Corporate Income in the 21st Century.

Auerbach, J. Hines, and J. Slemrod, eds.,pp. Invisible Corporate Tax Preferences. Tuck Today 36 (Spring ): Distribution Policies of Private Foundations. The world is changing and we need to adapt.

Auditors & accountants of the future will not only need to demonstrate that they have the key technical knowledge and skills to complete the role, but that they also possess the interpersonal and communication skills to challenge thinking – using confidence and personal insight to enable businesses.

Using confidential data from the Internal Revenue Service on who signs a corporation's tax return, we investigate whether the party primarily responsible for the tax compliance function of the firm-the auditor, an external non-auditor, or the internal tax department-is related to the corporation's tax by: 8 - The Changing Role of Auditors in Corporate Tax Planning pp By Edward L.

Maydew, University of North Carolina, Douglas A. Shackelford, University of North Carolina and NBER. Historically, not many internal auditors have seen themselves in this role. But the key, he stresses, is for auditors to be able to see both sides of the risk coin, so they understand how an appropriately managed risk can help the organization take advantage of new, or changing, situations.

Dormant company audit exemption may be claimed by a limited company that has not traded during a financial year, unless it is a banking or insurance company or an authorised person under the Financial Services Act Dormant companies do not need to appoint auditors and can deliver very basic accounts to Companies House.

The Changing Tax Compliance Environment and the Role of Audit. This report examines how tax compliance strategies are evolving in light of new technologies, data sources and tools and also looks at how these changes might affect the role of audit and auditors in the future.

Linking. Link to this publication: Link to this publication with. That’s the key finding of a new study, The Role of Auditors, Non-Auditors, and Internal Tax Departments in Corporate Tax Aggressiveness, published in the January/February issue of the American Accounting Association journal, The Accounting Review.

Why would external auditors be more cautious. Because they’ve got more to lose. Corporate Income Tax Auditor jobs available on Apply to Auditor, Senior Tax Accountant, Tax Director and more.

The Evolution of Technology for the Accounting Profession Every accountant knows that accounting is the language of business. That language has gone through many changes throughout the ages. What is valuation’s role in business. Valuations are critical for both public and private companies.

Accurate, non-biased valuations can help with internal transactions, executive compensation, and sale and investment decisions. For public companies, valuation of assets for purchase or divestiture can assist with tax and financial planning. Corporate & Personal Tax We offer tax planning and compliance solutions for complex tax affairs for businesses & high net-worth individuals.

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Financial Planning. This is a growing role for accountants. The demand for this new role is as a result of their knowledge and expertise on taxation regulations and financial investment marketplaces.

Corporate Tax How is the state handling the automatic notices that were sent out to taxpayers that left apportionment Schedule A-1 lines 4A and 4B blank, entering the ultimate percentage on line 5. Would the DOR consider bringing back something akin to the 15 or 30 day letters that used to be sent out to request information for the old.

This paper examines the association between individual auditors who are also certified tax consultants and corporate effective tax rates. A rising number of international companies, among them Google, Apple, Starbucks, or Amazon, to mention the most high-profile cases, have pursued aggressive tax avoidance strategies and in turn, minimized their tax by: 3.

Tax auditors use principles of accounting to evaluate financial records of individuals, companies, organizations or agencies and ensure they comply with federal, state and local tax laws.

The Roles and Functions of Corporate Controllers. Whether you are a newly appointed Controller or a seasoned title holder it is critical to understand the basic functions of the job responsibilities and an advantage to know the insider secrets to balance your role in a.

Despite this widespread interest, surprisingly little empirical research investigates banks’ role in corporate tax planning (Hanlon and Heitzman).1 1 We follow prior tax research (e.g., Hanlon and Heitzman, Rego and Wilson, Edwards, Schwab, and Shevlin) in using “tax planning” and “tax avoidance” interchangeably to refer to any Cited by: 1.

The Role of Auditors, Non-Auditors, and Internal Tax Departments in Corporate Tax Aggressiveness. Autores: Kenneth J. Klassen, Petro Lisowsky, Devan Mescall Localización: Accounting review: A quarterly journal of the American Accounting Association, ISSNVol. 91, Nº 1,págs.

Idioma: inglés DOI: /accr; Resumen. Using confidential data from the Internal Cited by: Planning an Audit AU-CSection Planning an Audit Source:SASNo;SASNo Effective for audits of financial statements for periods ending on or.This paper examines shareholders’ valuation of corporate income tax planning.

2 In the absence of access to confidential tax return data we use the term tax planning to describe all activities designed to produce a tax benefit.

3 Although reducing tax can lead to higher after tax profits there are actual and potential costs that inhibit firms Cited by: