This paper investigates the relationship between access to finance and corporate tax avoidance. Using a sample of 63,443 firm-year observations from 37 countries, the results reveal that firms suffering from limited access to finance are more inclined to engage in tax avoidance practices. This result supports the pecking-order theory and suggests that managers may rely on cash flows generated from tax-saving activities to finance their investments. The results also show that increased levels of financial constraints are positively associated with tax avoidance in the presence of high economic policy uncertainty (EPU). We also show that this effect is more prevalent in firms operating in countries with high government debt levels, and with weak investor protection. Our results are robust after addressing endogeneity concerns and using different measures of financial constraints, tax avoidance, and additional control variables.
{"title":"Access to finance and corporate tax avoidance: International evidence","authors":"Ramzi Benkraiem , Safa Gaaya , Faten Lakhal , Merve Kilic","doi":"10.1016/j.intaccaudtax.2024.100668","DOIUrl":"10.1016/j.intaccaudtax.2024.100668","url":null,"abstract":"<div><div>This paper investigates the relationship between access to finance and corporate tax avoidance. Using a sample of 63,443 firm-year observations from 37 countries, the results reveal that firms suffering from limited access to finance are more inclined to engage in tax avoidance practices. This result supports the pecking-order theory and suggests that managers may rely on cash flows generated from tax-saving activities to finance their investments. The results also show that increased levels of financial constraints are positively associated with tax avoidance in the presence of high economic policy uncertainty (EPU). We also show that this effect is more prevalent in firms operating in countries with high government debt levels, and with weak investor protection. Our results are robust after addressing endogeneity concerns and using different measures of financial constraints, tax avoidance, and additional control variables.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"58 ","pages":"Article 100668"},"PeriodicalIF":3.3,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143143479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-06-01Epub Date: 2025-03-13DOI: 10.1016/j.intaccaudtax.2025.100686
Michael Adams
Drawing on the institutional inaction literature and using interview material gleaned from a cross-section of United Kingdom (UK)-based ’sophisticated’ stakeholder representatives, this study investigates the puzzle of why property-casualty insurance − a materially significant transaction for most companies − is not routinely disclosed in the annual financial statements of general industry companies. Analysis suggests that stakeholders vary in terms of their support for corporate insurance disclosure, with accounting academics and investors/financial analysts approving the idea. In contrast, other stakeholders, such as auditors, finance managers and regulators, are ambivalent, if not reticent, about the merits of publicly reporting the details of corporate insurance purchases. The study reasons that despite such divergent views, and lack of a collective consensus on the issue, the increasing risk exposure and costs of business interruptions arising from potentially insurable catastrophic events could move the public disclosure of corporate insurance up the international accounting standard-setting agenda.
{"title":"Should insurance be disclosed in corporate financial statements? An analysis of the views of stakeholders","authors":"Michael Adams","doi":"10.1016/j.intaccaudtax.2025.100686","DOIUrl":"10.1016/j.intaccaudtax.2025.100686","url":null,"abstract":"<div><div>Drawing on the institutional inaction literature and using interview material gleaned from a cross-section of United Kingdom (UK)-based ’sophisticated’ stakeholder representatives, this study investigates the puzzle of why property-casualty insurance − a materially significant transaction for most companies − is not routinely disclosed in the annual financial statements of general industry companies. Analysis suggests that stakeholders vary in terms of their support for corporate insurance disclosure, with accounting academics and investors/financial analysts approving the idea. In contrast, other stakeholders, such as auditors, finance managers and regulators, are ambivalent, if not reticent, about the merits of publicly reporting the details of corporate insurance purchases. The study reasons that despite such divergent views, and lack of a collective consensus on the issue, the increasing risk exposure and costs of business interruptions arising from potentially insurable catastrophic events could move the public disclosure of corporate insurance up the international accounting standard-setting agenda.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"58 ","pages":"Article 100686"},"PeriodicalIF":3.3,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143687022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-01Epub Date: 2024-10-02DOI: 10.1016/j.intaccaudtax.2024.100655
Maarten A. Siglé , Sjoerd Goslinga , Lisette E.C.J.M. van der Hel , Ryan J. Wilson
Tax control frameworks (TCF) of higher quality are seen by tax authorities and the OECD as a prerequisite for corporate tax compliance. However, a higher quality TCF can also enable organizations to reduce their tax burden by providing information that allows them to make the best use of opportunities within the boundaries of the tax law. We investigate the effect of TCF quality on tax compliance by looking at the tax strategy of the organization and whether the organization unintentionally or intentionally fails to comply. We focus on Value Added Tax (VAT) and test our hypotheses using a sample of large organizations, using a combination of survey data and tax audit results from the Netherlands. Our results show that a TCF of higher quality is positively associated with VAT compliance, resulting in both less unintentional and less intentional errors requiring tax adjustment. For organizations with a more conservative tax strategy, we find that the quality of the TCF does not affect the level of intentional non-compliance. For organizations with a more aggressive tax strategy, however, the level of intentional non-compliance is conditional upon the quality of the TCF, with a lower (higher) quality TCF leading to more (less) intentional non-compliance.
{"title":"Tax control and corporate VAT compliance: An empirical assessment of the moderating role of tax strategy","authors":"Maarten A. Siglé , Sjoerd Goslinga , Lisette E.C.J.M. van der Hel , Ryan J. Wilson","doi":"10.1016/j.intaccaudtax.2024.100655","DOIUrl":"10.1016/j.intaccaudtax.2024.100655","url":null,"abstract":"<div><div>Tax control frameworks (TCF) of higher quality are seen by tax authorities and the OECD as a prerequisite for corporate tax compliance. However, a higher quality TCF can also enable organizations to reduce their tax burden by providing information that allows them to make the best use of opportunities within the boundaries of the tax law. We investigate the effect of TCF quality on tax compliance by looking at the tax strategy of the organization and whether the organization unintentionally or intentionally fails to comply. We focus on Value Added Tax (VAT) and test our hypotheses using a sample of large organizations, using a combination of survey data and tax audit results from the Netherlands. Our results show that a TCF of higher quality is positively associated with VAT compliance, resulting in both less unintentional and less intentional errors requiring tax adjustment. For organizations with a more conservative tax strategy, we find that the quality of the TCF does not affect the level of intentional non-compliance. For organizations with a more aggressive tax strategy, however, the level of intentional non-compliance is conditional upon the quality of the TCF, with a lower (higher) quality TCF leading to more (less) intentional non-compliance.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100655"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-01Epub Date: 2024-10-15DOI: 10.1016/j.intaccaudtax.2024.100656
Shinji Horiguchi , Roszaini Haniffa , Mohammad Hudaib
This study addresses a gap in the literature by exploring whistleblowing intentions in a society where social harmony, respectfulness, and conformity to rules and norms are perceived as important. A survey of Japanese public accountants indicates attitudes, independence commitment, perceived behavioral control, personal cost of reporting, and personal responsibility for reporting significantly influence internal whistleblowing intentions. Contrary to previous studies, we found personal cost of reporting has significant positive relationship with internal whistleblowing intention, which is a reflection of the unique Japanese work culture. Furthermore, perceived organizational support has a significant positive relationship with internal whistleblowing, signifying that Japanese public accountants feel comfortable to blow the whistle internally when there is high support from the organization. However, the interactive results reveal a significant negative relationship between perceived organizational support and internal whistleblowing, suggesting that despite organizational values that support internal whistleblowing, there is less room for accountants to decide and act independently when faced with an ethical dilemma. For external whistleblowing, both personal factors and interactive results are not significant as accountants perceived it as a betrayal or rebellious act, and feared potential lawsuits. Overall, our results imply that the Japanese unique work culture mitigates the consistency between individual intentions and actual behavior.
{"title":"Whistleblowing intentions by public accountants in a non-Western society: The case of Japanese accountants","authors":"Shinji Horiguchi , Roszaini Haniffa , Mohammad Hudaib","doi":"10.1016/j.intaccaudtax.2024.100656","DOIUrl":"10.1016/j.intaccaudtax.2024.100656","url":null,"abstract":"<div><div>This study addresses a gap in the literature by exploring whistleblowing intentions in a society where social harmony, respectfulness, and conformity to rules and norms are perceived as important. A survey of Japanese public accountants indicates attitudes, independence commitment, perceived behavioral control, personal cost of reporting, and personal responsibility for reporting significantly influence internal whistleblowing intentions. Contrary to previous studies, we found personal cost of reporting has significant positive relationship with internal whistleblowing intention, which is a reflection of the unique Japanese work culture. Furthermore, perceived organizational support has a significant positive relationship with internal whistleblowing, signifying that Japanese public accountants feel comfortable to blow the whistle internally when there is high support from the organization. However, the interactive results reveal a significant negative relationship between perceived organizational support and internal whistleblowing, suggesting that despite organizational values that support internal whistleblowing, there is less room for accountants to decide and act independently when faced with an ethical dilemma. For external whistleblowing, both personal factors and interactive results are not significant as accountants perceived it as a betrayal or rebellious act, and feared potential lawsuits. Overall, our results imply that the Japanese unique work culture mitigates the consistency between individual intentions and actual behavior.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100656"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142525977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-01Epub Date: 2024-10-04DOI: 10.1016/j.intaccaudtax.2024.100654
Seraina C. Anagnostopoulou
This study examines whether the effect of firm-level financial reporting quality − measured in the form of the quality of accruals − on corporate investment efficiency differs across jurisdictions with different strengths of institutional and regulatory enforcement. Institutional enforcement effectiveness relates to operating in jurisdictions with lower vs. higher informational uncertainty about actual firm performance, and where institutions secure the correct function of markets, with limited concerns about the extraction of any unlawful benefits by insiders. This effectiveness should mitigate adverse selection and moral hazard concerns driving inefficient investment, in the way that firm-specific financial reporting quality has been shown to do within single-country settings. Using a sample from 25 countries, accruals quality is positively associated with efficient investing, regardless of any country-level institutional characteristics. This association becomes more pronounced when the country-level strength of institutional enforcement is weaker, consistent with firm-specific reporting quality increasing in importance when country level institutional enforcement worsens. This evidence indicates that, when the effectiveness of institutional enforcement in a country does not successfully alleviate information asymmetries or secure efficient monitoring of corporate insiders by capital providers, there is greater need for firm-specific accounting quality to perform this function and promote efficient firm-level investing.
{"title":"Accruals quality and efficient investing: Cross-country evidence","authors":"Seraina C. Anagnostopoulou","doi":"10.1016/j.intaccaudtax.2024.100654","DOIUrl":"10.1016/j.intaccaudtax.2024.100654","url":null,"abstract":"<div><div>This study examines whether the effect of firm-level financial reporting quality − measured in the form of the quality of accruals − on corporate investment efficiency differs across jurisdictions with different strengths of institutional and regulatory enforcement. Institutional enforcement effectiveness relates to operating in jurisdictions with lower vs. higher informational uncertainty about actual firm performance, and where institutions secure the correct function of markets, with limited concerns about the extraction of any unlawful benefits by insiders. This effectiveness should mitigate adverse selection and moral hazard concerns driving inefficient investment, in the way that firm-specific financial reporting quality has been shown to do within single-country settings. Using a sample from 25 countries, accruals quality is positively associated with efficient investing, regardless of any country-level institutional characteristics. This association becomes more pronounced when the country-level strength of institutional enforcement is weaker, consistent with firm-specific reporting quality increasing in importance when country level institutional enforcement worsens. This evidence indicates that, when the effectiveness of institutional enforcement in a country does not successfully alleviate information asymmetries or secure efficient monitoring of corporate insiders by capital providers, there is greater need for firm-specific accounting quality to perform this function and promote efficient firm-level investing.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100654"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142438415","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-01Epub Date: 2024-09-26DOI: 10.1016/j.intaccaudtax.2024.100652
Stergios Leventis (Editor-in-Chief)
{"title":"Editorial publishing in JIAAT: Part 3 – Writing the introduction","authors":"Stergios Leventis (Editor-in-Chief)","doi":"10.1016/j.intaccaudtax.2024.100652","DOIUrl":"10.1016/j.intaccaudtax.2024.100652","url":null,"abstract":"","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100652"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142359069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-01Epub Date: 2024-09-11DOI: 10.1016/j.intaccaudtax.2024.100650
Andrews Owusu , Noel O’Sullivan , Frank Kwabi , Mark David Holmes
Existing research documents a fee premium for audits led by female partners (Ittonen and Peni, 2012, Hardies et al., 2015, Burke et al., 2019, Lee et al., 2019, Hardies et al., 2021). We take this work forward by investigating a possible justification for the observed premium by examining how auditor gender is related to audit report lag and whether the female partner audit fee premium is driven by audit report lag. We find that United Kingdom companies audited by a female lead auditor have a significantly shorter audit report lag but pay a significantly higher audit fee. In further analysis, we find that the fee premium for female partner–led audits is higher for clients receiving a more timely audit opinion. Our findings are consistent with female lead auditors delivering more timely audits and with audit clients being prepared to pay a premium for such timeliness. Our study extends our understanding of the importance of gender in the auditing process and the value clients see in audits led by female auditors. Given the relatively low proportion of female lead auditors, our findings should also encourage audit firms to appreciate the economic value of female lead auditors and to actively facilitate their progression to senior roles.
{"title":"Why do female lead auditors charge a fee premium? evidence from the UK audit market","authors":"Andrews Owusu , Noel O’Sullivan , Frank Kwabi , Mark David Holmes","doi":"10.1016/j.intaccaudtax.2024.100650","DOIUrl":"10.1016/j.intaccaudtax.2024.100650","url":null,"abstract":"<div><p>Existing research documents a fee premium for audits led by female partners (<span><span>Ittonen and Peni, 2012</span></span>, <span><span>Hardies et al., 2015</span></span>, <span><span>Burke et al., 2019</span></span>, <span><span>Lee et al., 2019</span></span>, <span><span>Hardies et al., 2021</span></span>). We take this work forward by investigating a possible justification for the observed premium by examining how auditor gender is related to audit report lag and whether the female partner audit fee premium is driven by audit report lag. We find that United Kingdom companies audited by a female lead auditor have a significantly shorter audit report lag but pay a significantly higher audit fee. In further analysis, we find that the fee premium for female partner–led audits is higher for clients receiving a more timely audit opinion. Our findings are consistent with female lead auditors delivering more timely audits and with audit clients being prepared to pay a premium for such timeliness. Our study extends our understanding of the importance of gender in the auditing process and the value clients see in audits led by female auditors. Given the relatively low proportion of female lead auditors, our findings should also encourage audit firms to appreciate the economic value of female lead auditors and to actively facilitate their progression to senior roles.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100650"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1061951824000569/pdfft?md5=2df06641e7ae94a577c1eeda6f5ea094&pid=1-s2.0-S1061951824000569-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142271960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-01Epub Date: 2024-10-04DOI: 10.1016/j.intaccaudtax.2024.100653
Amir Allam , Heba Abou-El-Sood , Mahmoud Elmarzouky , Ahmed Yamen
This study investigates the nexus between financial development and tax evasion across 156 countries from 2000 to 2017. In contrast to previous research focusing solely on banks or financial markets’ development, we employ a more comprehensive financial development index introduced by the International Monetary Fund (IMF) in 2016. This index gauges the progress of financial institutions (FI) and financial markets (FM) in terms of depth, access, and efficiency. Our findings underscore a negative correlation between financial development and tax evasion. Enhanced depth, access, and efficiency in both FI and FM correspond to reduced levels of tax evasion. Nevertheless, disparities emerge between the Organization of Economic Cooperation and Development (OECD) and non-OECD countries. While non-OECD countries exhibit negative associations between FI and FM development and tax evasion, in OECD countries, the role of FI assumes greater significance in curtailing tax evasion. Notably, within OECD countries, the depth of FI and FM emerges as the sole influential factor. This contrasts starkly with non-OECD counterparts, where all dimensions − depth, access, and efficiency − negatively influence tax evasion. Our research has noteworthy implications for policymakers in both categories of countries.
{"title":"Financial development and tax evasion: International evidence from OECD and non-OECD countries","authors":"Amir Allam , Heba Abou-El-Sood , Mahmoud Elmarzouky , Ahmed Yamen","doi":"10.1016/j.intaccaudtax.2024.100653","DOIUrl":"10.1016/j.intaccaudtax.2024.100653","url":null,"abstract":"<div><div>This study investigates the nexus between financial development and tax evasion across 156 countries from 2000 to 2017. In contrast to previous research focusing solely on banks or financial markets’ development, we employ a more comprehensive financial development index introduced by the International Monetary Fund (IMF) in 2016. This index gauges the progress of financial institutions (FI) and financial markets (FM) in terms of depth, access, and efficiency. Our findings underscore a negative correlation between financial development and tax evasion. Enhanced depth, access, and efficiency in both FI and FM correspond to reduced levels of tax evasion. Nevertheless, disparities emerge between the Organization of Economic Cooperation and Development (OECD) and non-OECD countries. While non-OECD countries exhibit negative associations between FI and FM development and tax evasion, in OECD countries, the role of FI assumes greater significance in curtailing tax evasion. Notably, within OECD countries, the depth of FI and FM emerges as the sole influential factor. This contrasts starkly with non-OECD counterparts, where all dimensions − depth, access, and efficiency − negatively influence tax evasion. Our research has noteworthy implications for policymakers in both categories of countries.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100653"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-01Epub Date: 2024-09-14DOI: 10.1016/j.intaccaudtax.2024.100651
Natalia Mintchik , Stephen Moehrle , Jennifer Reynolds-Moehrle
In this paper we summarize International Accounting-related research published in Research in Accounting Regulation (RAR). RAR was a peer-reviewed academic accounting journal published from 1987 through 2018. We identify and discuss the main research areas, sub-topics, methods, research foci, and major conclusions. Additionally, we provide citation counts from google scholar and then provide more detailed analysis of those most influential articles. Our results suggest that financial accounting is the dominant focus of inquiry in RAR international studies. We also find that qualitative research methods, such as essays and documentary analyses, are most frequently used by non-US scholars publishing international accounting research. However, archival methods gain more prominence over time. In addition, we document the emergence in international accounting research using other research methods, including surveys, mathematical modeling, and experiments. Overall, our findings highlight the important role of RAR in advancing knowledge about international accounting and global auditing regulation, as well as about the crucial impact of culture on evolution of the accounting profession.
{"title":"Evolution, trends, and recent developments in international accounting studies: A synthesis of evidence published in “Research in Accounting Regulation”","authors":"Natalia Mintchik , Stephen Moehrle , Jennifer Reynolds-Moehrle","doi":"10.1016/j.intaccaudtax.2024.100651","DOIUrl":"10.1016/j.intaccaudtax.2024.100651","url":null,"abstract":"<div><p>In this paper we summarize International Accounting-related research published in <em>Research in Accounting Regulation</em> (<em>RAR</em>). <em>RAR</em> was a peer-reviewed academic accounting journal published from 1987 through 2018. We identify and discuss the main research areas, sub-topics, methods, research foci, and major conclusions. Additionally, we provide citation counts from google scholar and then provide more detailed analysis of those most influential articles. Our results suggest that financial accounting is the dominant focus of inquiry in <em>RAR</em> international studies. We also find that qualitative research methods, such as essays and documentary analyses, are most frequently used by non-US scholars publishing international accounting research. However, archival methods gain more prominence over time. In addition, we document the emergence in international accounting research using other research methods, including surveys, mathematical modeling, and experiments. Overall, our findings highlight the important role of <em>RAR</em> in advancing knowledge about international accounting and global auditing regulation, as well as about the crucial impact of culture on evolution of the accounting profession.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100651"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Relying on institutional theory, this article presents external stakeholders’ perspectives on the factors that influence audit committees’ independence and reliability in a weak institutional context. We conducted 37 semi-structured interviews with two critical external stakeholder groups (27 experienced professional investors and 10 senior regulatory officials) in the Nigerian banking sector. Our study finds that the independence of audit committee members, being an ‘a posteriori’ rather than an ‘a priori’ accountability verification, bears institutional contextual bias. Consequently, we unpack five factors, namely allegiance to the dominant owner, poor professional conduct, corruption, nepotism and opportunism, and impunity, that influence external stakeholders’ perception of the reliability of the audit committee’s independence in Nigeria.
{"title":"Reliability of the audit committee in weak institutional environments: Evidence from Nigeria","authors":"Folajimi Ashiru , Emmanuel Adegbite , Jane Frecknall-Hughes , Olabisi Daodu","doi":"10.1016/j.intaccaudtax.2024.100657","DOIUrl":"10.1016/j.intaccaudtax.2024.100657","url":null,"abstract":"<div><div>Relying on institutional theory, this article presents external stakeholders’ perspectives on the factors that influence audit committees’ independence and reliability in a weak institutional context. We conducted 37 semi-structured interviews with two critical external stakeholder groups (27 experienced professional investors and 10 senior regulatory officials) in the Nigerian banking sector. Our study finds that the independence of audit committee members, being an ‘a posteriori’ rather than an ‘a priori’ accountability verification, bears institutional contextual bias. Consequently, we unpack five factors, namely allegiance to the dominant owner, poor professional conduct, corruption, nepotism and opportunism, and impunity, that influence external stakeholders’ perception of the reliability of the audit committee’s independence in Nigeria.</div></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":"57 ","pages":"Article 100657"},"PeriodicalIF":3.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142578453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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