The Informativeness of FIN 48 ‘Look-Forward’ Disclosures

2010 ◽  
Author(s):  
Amy E. Dunbar ◽  
Thomas C. Omer ◽  
Thomas D. Schultz
Keyword(s):  
Fin 48

The Cost of Compliance: FIN 48 and Audit Fees

2014 ◽  
Author(s):  
Matthew Erickson ◽  
Nathan C. Goldman ◽  
James Stekelberg
Keyword(s):  
Audit Fees ◽  
Fin 48 ◽  
The Cost

scholarly journals Earnings Management through Tax Reserves and Auditor-Provided Tax Services

2017 ◽  
Vol 6 (4) ◽  
pp. 217
Author(s):  
Chunlai Ye
Keyword(s):  
Earnings Management ◽  
Financial Reporting ◽  
Income Smoothing ◽  
Earnings Forecast ◽  
Large Firms ◽  
Fin 48 ◽  
Management Incentives ◽  
Consensus Forecasts ◽  
Earnings Smoothing ◽  
Tax Reserves

This study investigates whether firms continue to use tax reserves to achieve financial reporting objectives in the post-FIN 48 period and the effect of auditor-provided tax services on earnings management through tax reserves. Three types of earnings management incentives are considered in this study: meeting or beating the consensus forecasts, income smoothing, and taking an “earnings bath.” The analyses yield evidence that only non-large firms manipulate tax reserves to meet/beat earnings forecast in the post-FIN 48 period; however, tax reserves are still utilized by both large and non-large firms to smooth earnings. Moreover, evidence is provided that the auditor who provides more tax services facilitates large firms’ earnings smoothing in the post-FIN 48 period, implying independence impairment. But this behavior does not exist within non-large firms, arguably because the auditor does not compromise independence for less important clients.

Did FIN 48 improve the mapping between tax expense and future cash taxes?

2021 ◽  
Author(s):  
Cristi A. Gleason ◽  
Kevin Markle ◽  
Zhiyan Song
Keyword(s):  
Fin 48 ◽  
Tax Expense
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