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:: year 12, Issue 45 (2020) ::
quarterly financial accounting journal 2020, 12(45): 92-116 Back to browse issues page
Tax risk with regard to Output-based proxies audit quality and vertical and horizontal agency costs
Fatemeh Hadelvand1, Seyyedeh Mahboobeh Jafari 1, Mohammad reza Mehraban poor2
1- Islamic Azad University
2- University of Tehran
Abstract:   (439 Views)
The purpose of this study is to assess tax risk according to audit quality output criteria and vertical and horizontal agency costs. In this study, we used audit quality output criteria including accruals quality, realized cash flows and earnings volatility in companies. For this purpose, financial information of 118 companies was extracted and analyzed as a statistical sample of the study in 2012-2019. Linear regression was used to test the hypotheses. Rotational regression is also used to measure free cash flow. Findings showed that high quality of accruals (high level of audit quality) had a significant positive effect on effective tax rate. Also, the high level of unrealized cash flows, which means that the quality of the audit is poor, reduces the effective tax rate. The high volatility of earnings, which implies profit manipulation, is also inversely correlated with the effective tax rate. There was an inverse relationship between the level of activity of the audit committee and the vertical agency costs with the effective tax rate.
key words: Tax Risk; Output-based proxies Audit Quality; Vertical Agency Costs; Horizontal Agency Costs.
 
Keywords: Tax Risk, Output-based proxies Audit Quality, Vertical Agency Costs, Horizontal Agency Costs
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Type of Study: Applicable | Subject: Special
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Hadelvand F, Jafari S M, Mehraban poor M R. Tax risk with regard to Output-based proxies audit quality and vertical and horizontal agency costs. quarterly financial accounting journal. 2020; 12 (45) :92-116
URL: http://qfaj.ir/article-1-2086-en.html


year 12, Issue 45 (2020) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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