TY - CONF TI - Tell it to me straight: Using plain English in risk disclosures AU - Taylor, E.Z. AU - Blaskovich, J. T2 - American Accounting Association Annual Meeting C2 - 2013/8// C3 - Proceedings of the AAA Annual Meeting CY - Anaheim, CA DA - 2013/8// PY - 2013/8/3/ ER - TY - CONF TI - Religion and Fences: A Look to the Past AU - Reinstein, A. AU - Taylor, E.Z. T2 - American Accounting Association Midwestern Region Meeting C2 - 2013/10// C3 - Proceedings of the AAA Midwestern Region Meeting CY - Oakbrook, IL DA - 2013/10// PY - 2013/10/17/ ER - TY - CONF TI - Fences: A Means to Protect Accountants and Auditors Moral and Professional Competence AU - Reinstein, A. AU - Taylor, E.Z. T2 - American Accounting Association Northeast Region Meeting C2 - 2013/10// C3 - Proceedings of the AAA Northeast Region Meeting CY - Hartford, CT DA - 2013/10// PY - 2013/10/24/ ER - TY - BOOK TI - 2014 GAAS guide : a comprehensive restatement of standards for auditing, attestation, compilation, and review AU - Beasley, M.S. AU - Carcello, J.V. DA - 2013/// PY - 2013/// PB - CCH. Inc. SN - 9780808034674 ER - TY - RPRT TI - Executive Perspectives on Top Risks for 2013 AU - Beasley, Mark S. AU - Branson, B.C. AU - Pagach, D. AU - Beaumier, C. AU - DeLoach, J. AU - Donahue, K. A3 - Protiviti DA - 2013/2// PY - 2013/2// PB - Protiviti ER - TY - RPRT TI - An Analysis of Alleged Auditor Deficiencies in SEC Fraud Investigations: 1998-2010 AU - Beasley, Mark S. AU - Carcello, Joseph V. AU - Hermanson, Dana R. AU - Neal, Terry L. A3 - Center for Audit Quality (CAQ) DA - 2013/5// PY - 2013/5// PB - Center for Audit Quality (CAQ) ER - TY - RPRT TI - Five Questions on Risk Assessment AU - Beasley, Mark S. AU - Curtis, P. A3 - Deloitte, LLP DA - 2013/1// PY - 2013/1// PB - Deloitte, LLP UR - https://www2.deloitte.com/global/en/pages/governance-risk-and-compliance/articles/risk-assessment.html ER - TY - JOUR TI - En Garde With ERM AU - Beasley, Mark S. T2 - Business Officer DA - 2013/9// PY - 2013/9// VL - 47 IS - 2 SP - 25–29 ER - TY - JOUR TI - Firm and Investor Responses to Uncertain Tax Benefit Disclosure Requirements T2 - The Journal of the American Taxation Association AB - ABSTRACT We examine whether proprietary costs affect disclosure quality and how investors react to disclosure quality in a new proprietary cost setting. We apply Verrecchia's (1983) proprietary cost theory to the FIN 48 adoption setting and argue that proprietary costs result from beliefs that the new disclosures could weaken a firm's competitive position when negotiating with tax authorities. FIN 48 is an ideal setting to examine how proprietary costs affect disclosure given the proprietary nature of uncertain tax positions, and the ability to construct objective measures of both proprietary costs and disclosure quality. We construct disclosure quality scores for S&P 1500 firms and offer two empirical findings. First, we find a negative association between proprietary costs and disclosure quality. Second, investors reward firms for low disclosure quality, especially small firms and firms with high proprietary costs. Both findings are consistent with Verrecchia's (1983) theory, and suggest that proprietary costs moderate investor demand for full disclosure. JEL Classifications: G14, L15, M41, M44, M45 DA - 2013/10// PY - 2013/10// DO - 10.2308/atax-50458 UR - http://dx.doi.org/10.2308/atax-50458 KW - FIN 48 (ASC 740-10) KW - proprietary costs KW - disclosure quality KW - tax avoidance ER - TY - JOUR TI - Baptist Hospital and the State of North Carolina: Alleged Malfeasance and Whistleblowing Aftermath AU - Taylor, E.Z. AU - Guthrie, C.P. T2 - Issues in Accounting Education AB - ABSTRACT: Do you know what choices you would make if faced with an ethical dilemma? This fact-based case includes situations and issues that a real citizen considered when faced with the knowledge that his employer may have been overbilling the state of North Carolina for health care. Professionals, especially those in accounting and finance positions, are likely to face serious dilemmas in the course of their careers. These situations may require them to choose between honoring a confidentiality clause in an employment contract and acting according to ethical and professional values. This case provides facts gathered from an actual case in which an individual faced this particular challenge. By working through the case, students should develop an appreciation of the pressures and personal ethical challenges they are likely to face in the workplace. By engaging in discussion and role-play, students will be more likely to recognize these issues when they occur, and will have already developed critical thinking skills to help them develop a plan of action. DA - 2013/8// PY - 2013/8// DO - 10.2308/iace-50472 VL - 28 IS - 3 SP - 705-721 UR - http://dx.doi.org/10.2308/iace-50472 KW - whistleblowing KW - ethics KW - code of conduct ER - TY - JOUR TI - Whistleblowing in Audit Firms: Organizational Response and Power Distance AU - Taylor, E.Z. AU - Curtis, M.B. T2 - Behavioral Research in Accounting AB - ABSTRACT: This paper investigates auditors' likelihood to report observations of colleagues' unethical behavior. We consider whether two characteristics that are particularly relevant to the audit environment, prior organizational response and power distance, affect willingness to report. Data collected from 106 senior-level auditors suggest auditors are more likely to report on their peers than on their superiors, but they are more likely to report superiors when prior organizational response is strong than when it is weak. Additionally, men appear to be relatively less sensitive to variations in power distance or prior organization response than women. Moral intensity of the case is significantly related to reporting likelihood, and power distance moderates this effect such that those who perceive this scenario to be of lower moral intensity are much more influenced by power distance than are those who perceive it to be of high moral intensity. These results contribute to the existing literature on accounting ethics, as well as inform public accounting governance policies. DA - 2013/10// PY - 2013/10// DO - 10.2308/bria-50415 VL - 25 IS - 2 SP - 21-43 UR - http://dx.doi.org/10.2308/bria-50415 KW - whistleblowing KW - ethical dilemma KW - power distance KW - gender ER - TY - JOUR TI - Exploring the role Delaware plays as a domestic tax haven AU - Dyreng, Scott D. AU - Lindsey, Bradley P. AU - Thornock, Jacob R. T2 - JOURNAL OF FINANCIAL ECONOMICS AB - We examine whether Delaware is a domestic tax haven. We find that taxes play an economically important role in determining whether U.S. firms locate subsidiaries in Delaware and that a Delaware-based state tax avoidance strategy lowers state effective tax rates by between 0.7 and 1.1 percentage points, on average. The tax savings represent a 15–24% decrease in the state income tax burden and translate to an increase in net income of 1.04–1.47%. However, we find that the tax benefits of Delaware tax strategies are diminishing over time in response to initiatives by state governments to limit multistate tax avoidance. DA - 2013/6// PY - 2013/6// DO - 10.1016/j.jfineco.2013.01.004 VL - 108 IS - 3 SP - 751-772 SN - 0304-405X KW - Delaware KW - Tax haven KW - Corporate governance KW - Corporate tax avoidance ER - TY - JOUR TI - Do Publicly Disclosed Tax Reserves Tell Us About Privately Disclosed Tax Shelter Activity? AU - Lisowsky, Petro AU - Robinson, Leslie AU - Schmidt, Andrew T2 - JOURNAL OF ACCOUNTING RESEARCH AB - ABSTRACT We examine whether public disclosures of tax reserves recently made available through Financial Interpretation No. 48 (FIN 48) reflect corporate tax shelter activities. Understanding this relation is important to corporate stakeholders and researchers keen to infer the aggressive nature of a firm's tax positions from its tax reserve accrual. Our study links public disclosures of tax reserves with mandatory private disclosures of tax shelter participation as made to the Internal Revenue Service's Office of Tax Shelter Analysis. We find strong, robust evidence that the tax reserve is positively associated with tax shelters, while other commonly used measures of tax avoidance are not. Based on out‐of‐sample tests, we also show that the reserve is a suitable summary measure for predicting tax shelters. The tax benefits of tax shelters are economically significant, accounting for up to 48% of the aggregate FIN 48 tax reserves in our sample. DA - 2013/6// PY - 2013/6// DO - 10.1111/joar.12003 VL - 51 IS - 3 SP - 583-629 SN - 0021-8456 UR - http://dx.doi.org/10.1111/joar.12003 ER -