We analyze the importance of Internal Revenue Service (IRS) monitoring to equity pricing in U.S. public firms. Our strong, robust evidence from large samples implies that equity financing is cheaper when the threat of an IRS audit is higher, enabling investors to learn more about the firm. Reflecting its first-order economic impact, our coefficient estimates translate into the cost of equity ca...

How healthcare firms make capital budgeting decisions is an intriguing question principally because about 85% of these firms are not-for-profit operations. Several surveys have been performed over the last forty plus years to learn about capital budgeting practices of these firms. In this paper, we analyze and synthesize these surveys in a four-stage framework of the capital budgeting process—i...

this study aims at investigating the relationship between age and gender of auditors and their judgment and decision. population of this study includes dependent auditors engaged in audit firms member of iranian association of certified public accountants (iacpa). random sampling was used and the questionnaireswere distributed among 100 auditors. the methodology of the study is descriptive-surv...

This paper aims to (1) analyze the profiles of transgressors (detected evaders); (2) examine reason(s) that triggered a tax audit, causes of tax evasion, audit timeframe and tax penalty charged; and (3) to assess if tax auditors followed the guidelines as stated in the ‘Tax Audit Framework’ when conducting tax audits. In 2011, the Inland Revenue Board Malaysia (IRBM) had audited and finalized 5...

This study explores the different attributes of audit committees and boards directors' effect on firm performance. Mainly board’s size independence committee’s employment, size, independence, financial experience, frequency meetings. paper also talks about resource dependency theory which considers that. Non-independent directors have a positive On contrary, agency suggests that more independen...