This paper highlights the relationship between taxation, accounting and transparency for achieving disclosure and efficiency. Research takes into consideration taxation costs and legislation in order to discern an optimized business level of transparency. The data collected from questionnaires were analyzed by descriptive statistical analysis, followed by factor analysis and reliability testing that led to relationships between tax authorities' efficiency, financial framework reliability, and accounting assisted control systems. A close relation was found between a country's fiscal framework and accounting assisted transparency that may lead to a better cooperation between state law, efficient taxation, required transparency and collaboration of accounting in auditing procedures. Modern business and audit environments abide to a steady set of values. However, instead of a clear positive effect on accounting assisted transparency, there seems to be a different tendency. The factors seem to push tax authorities and businesses to reach international market levels of auditing. This study confirms that accounting and tax systems can be handled in a unified way and enable at an E.U. level, creating scale economies for corporations and citizens.
Δ/νσιτ Σπ. Ματσούκα 20 Αθήνα m 41 Τηλ: 22 85 417 lo Κεφαλαίο 33 "Είδος είναι η κατηγορία του δυνατού (και) υποδηλώνει τα δυναμικά (potentialities) που διακρίνουν τον άνθρωπο από τα άλλα έμβια όντα*. (Oilman, Allenation, a 150). 34 Η μερική ταύτιση "φυσικού* και "ψυχολογικού* συγγενεύει ιδιαίτερα με τη (αποτελεί προϊόν προβληματισμού πάνω στη) θέσητου V. Reich περί μερικής(;) ταύτισης σωματικότητας και χαρακτήρα (θέση που εμφανίζεται εν εκτάσει σ 1 ένα δύστροπο και ιδιόρρυθμο βιβλίο, το Η Σημασία και η Φύση του Οργασμού, Αθήνα Άνθρωπος-Μέτρο, 1974, σα 111-128, 246-264,) 35 Μέχρι στιγμής τουλάχιστον, δεν έχει βρεθεί τρόπος αντι(ή υπο-)κατάστασής της στη διαδικασία της αναπαραγωγής, δηλαδή όχι μόνον αυτονόμησης αλλά και ανεξαρτητοποίησης της. 36 Όπως έχει χαρακτηριστικά αναφερθεί (L Stone, The Family, Sex and Marriage In England-1500-1800, Λονδίνο: Lawrence and Wlshart, 1977, *σε αντίθεση με τα φαινόμενα n ανθρώπινη σεξουαλικότητα λαβαίνει χώρα κυρίως στο κεφάλι*. 37 Αν συμπεριλαμβάνει και αδύνατες ή μόνον αδύνατες καταστάσεις, τότε n αξιολόγηση εμπεριέχει και -ή μόνον -φαντασιωτικά στοιχεία ή οργανωτικές αρχές.
In this paper, our purpose is to examine the relationship between the role of Internal Audit (IA), Corporate Governance (CG) and the Audit Committee (AC) in the recent financial crisis in Greece and to investigate the contribution of IA to CG structures as well as its possible, the IA’s role during the financial crisis in Greece. Moreover, little research has been conducted based on the relationship between corporate governance and internal audit during the financial crisis in case of Greece. For this reason, we conducted a survey, using questionnaires, which were sent to the listed companies of the Athens Stock Market. Out of a total of 192 listed companies on the Athens Stock Exchange, the relevant questionnaires were sent to 100 companies. Those companies were selected firstly based on their total turnover and secondly due to the availability of information from company websites such as employees’ numbers and Internal Audit Department Structures. Our conclusion was that Internal Audit adds value to the organization and it can also help the senior management towards the accomplishment of the organizational goals.
This study evaluates the IFRS adoption on the financial statements and taxation of Greek companies at the construction industry in Greece, which are listed at the Athens Stock Exchange. The research computes the taxation amount paid and employs twelve accounting measures for the analysis of financial statements for the IFRS transition period (three years before and after their adoption in Greece). Regarding the taxation, the amount paid in the pre- to post-IFRS period was considerably decreased (about 28%). Regarding the examined accounting measures, the transition to IFRS lead to a deterioration of some basic financial ratios (more specifically, five profitability ratios) and could, therefore, affect the overall profitability and performance of the examined companies in their industry sector. Our results provide also evidence that IFRS adoption increased firm value, while a lower level of earnings can influence accounting quality and could be examined further as a red flag for earnings manipulation. The present study, as a recent empirical result of the IFRS impact and taxation on the construction sector in Greece, could be useful for policy makers, tax and other state authorities or managers.
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