Impacts of tax enforcement and independent audit on financial reporting quality through the internal control effectiveness: Evidence from Vietnam enterprises

Thuan, Pham Quoc; Tran, Thi Giang Tan; Bui, Thi Thao Hien; Nguyen, Thi Phuong Loan; Bui, Anh Thanh

doi:10.1080/23311886.2023.2175486

Cited by 4 publications

(4 citation statements)

References 59 publications

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“…Dalam industri asuransi, di mana penilaian cadangan dan evaluasi risiko bersifat kompleks, kualitas audit menjadi sangat penting (King, 2023). Pengendalian internal yang efektif, komponen kunci dari kualitas audit, berkontribusi pada akurasi pelaporan keuangan di sektor asuransi (Pham et al, 2023).…”

Section: Kualitas Auditunclassified

Analisis Pengaruh Independensi Auditor, Kualitas Audit, dan Transparansi Informasi terhadap Kepatuhan Pelaporan Keuangan Perusahaan Asuransi

Judijanto,

Siska,

Sudarmanto

et al. 2024

JAKWS

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Penelitian ini menyelidiki dinamika yang rumit antara Independensi Auditor (IA), Kualitas Audit (KA), Transparansi Informasi (TI), dan Kepatuhan Pelaporan Keuangan (KPK) dalam konteks perusahaan asuransi. Dengan menggunakan model persamaan struktural, penelitian ini menganalisis koefisien jalur, indeks kecocokan, dan nilai R-Square untuk mengungkap interaksi dari variabel-variabel laten ini. Hasilnya menunjukkan hubungan positif yang signifikan antara IA, KA, TI, dan KPK, yang menyoroti peran penting faktor-faktor ini dalam membentuk praktik pelaporan keuangan. Model ini menunjukkan kecocokan yang memuaskan, didukung oleh berbagai indeks kecocokan. Implikasi praktisnya mencakup wawasan yang dapat ditindaklanjuti bagi regulator, perusahaan asuransi, dan auditor untuk meningkatkan proses pelaporan keuangan. Namun, penelitian ini mengakui adanya keterbatasan, dan menekankan perlunya penelitian lebih lanjut untuk memperluas pemahaman tentang hubungan ini di berbagai konteks.

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Section: Kualitas Auditunclassified

Analisis Pengaruh Independensi Auditor, Kualitas Audit, dan Transparansi Informasi terhadap Kepatuhan Pelaporan Keuangan Perusahaan Asuransi

Judijanto,

Siska,

Sudarmanto

et al. 2024

JAKWS

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“…Pham et al found that mandatory tax administration can lead to accounting treatment (e.g., depreciation, income recognition, etc.) under tax management requirements, which can harm the quality of financial reporting [23]. Lin et al argued that political ties between board members and government officials could weaken the tax effect of tax administration, i.e., affect the disincentive effect of tax enforcement on corporate tax avoidance [24].…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Impact of Tax Administration on ESG Performance—A Quasi-Natural Experiment Based on China’s Golden Tax Project III

Ling

Zhang

2023

Sustainability

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With the growing importance of sustainable development, ESG is receiving attention from governments, firms, and investors. This study uses the reform of China’s tax inspection system—Golden Tax Project III—as a quasi-natural experiment to examine the impact of the enhanced tax administration on firms’ ESG performance with a sample of Chinese A-share listed companies from 2008 to 2020. The findings, which were identified via a time-varying difference-in-differences (time-varying DID) approach, indicate that Golden Tax Project III significantly reduces firms’ ESG performance and has the most significant impact on the environmental dimension and the minor impact on the social dimension. The negative impact of Golden Tax Project III on ESG performance is more substantial among non-state firms and firms in regions with higher levels of marketization than other firms. The mechanism test shows that Golden Tax Project III negatively affects ESG performance by increasing the tax burden on firms. The moderating effect test shows that tax incentives can effectively mitigate the dampening effect of strengthened tax administration on ESG performance. This study enriches the literature on the factors influencing firms’ ESG performance to a certain extent; it helps the government use taxation policies to inspire firms to improve ESG performance, contributing to sustainable development.

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“…Effective revenue generation strategies involve a balance between maximizing income generation and ensuring fairness, transparency, and compliance with relevant laws and regulations. Tax auditing refers to the process of examining and reviewing tax-related records, financial statements, and other relevant documents to ensure compliance with tax laws and regulations (Pham, Tran, Bui, Nguyen, & Bui, 2023). It is conducted by tax authorities or designated auditors with the objective of verifying the accuracy and completeness of the taxpayer's reported income, deductions, and tax liabilities.…”

Section: Background Of the Studymentioning

confidence: 99%

Effects of Revenue Generation on Tax Auditing in Sarajevo, Bosnia and Herzegovina

2023

JFA

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Revenue generation is crucial for the financial sustainability and functioning of organizations and governments. The study sought to examine the effects of revenue generation on tax auditing in Sarajevo, Bosnia and Herzegovina. Tax auditing refers to the process of examining and reviewing tax-related records, financial statements, and other relevant documents to ensure compliance with tax laws and regulations. Tax authorities may prioritize audits of high-revenue-generating taxpayers or sectors, potentially overlooking smaller taxpayers or sectors that may still pose a risk of non-compliance. Tax authorities can ensure that revenue generation efforts are balanced with maintaining taxpayers' trust and encouraging voluntary compliance. The study utilized the descriptive research design. The target population was 180 businesses in Sarajevo, Bosnia and Herzegovina. The research did sampling of 140 participants that were selected from the target population of 180 businesses in Sarajevo, Bosnia and Herzegovina. Questionnaires were utilized to gather the data. The study concluded that a comprehensive evaluation of existing practices, policies, and resource allocations within the tax authority is necessary. This evaluation should aim to establish a balance between revenue generation goals and the maintenance of a robust and fair tax auditing process. A well-balanced approach to revenue generation and tax auditing is crucial therefore, this requires collaboration between government authorities, taxpayers, and other relevant stakeholders to ensure a fair, transparent, and effective tax system. It was recommended that there should be allocation of sufficient resources, both financial and human, to support audit activities which includes recruiting and retaining qualified auditors, equipping them with the necessary tools and technology, and providing ongoing professional development opportunities. Invest in advanced data analytics tools and technologies to improve the efficiency and effectiveness of tax audits.

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Impacts of tax enforcement and independent audit on financial reporting quality through the internal control effectiveness: Evidence from Vietnam enterprises

Cited by 4 publications

References 59 publications

Analisis Pengaruh Independensi Auditor, Kualitas Audit, dan Transparansi Informasi terhadap Kepatuhan Pelaporan Keuangan Perusahaan Asuransi

Analisis Pengaruh Independensi Auditor, Kualitas Audit, dan Transparansi Informasi terhadap Kepatuhan Pelaporan Keuangan Perusahaan Asuransi

Impact of Tax Administration on ESG Performance—A Quasi-Natural Experiment Based on China’s Golden Tax Project III

Effects of Revenue Generation on Tax Auditing in Sarajevo, Bosnia and Herzegovina

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