Please use this identifier to cite or link to this item: http://cris.teiep.gr/jspui/handle/123456789/1359
Title: Audit Firms, Deferred Taxation and Financial Reporting : The Case of The Athens Stock Exchange
Authors: Evangelos Chytis
Keywords: Taxation
IAS/IFRS
Auditing
Issue Date: Jun-2016
Publisher: IGI Global
Abstract: The purpose of this paper is the sectoral analysis and evaluation of the external audit reports in relation to the amounts of deferred taxes on the balance sheets of listed companies in the Athens Stock Exchange (ASE). External auditors participate significantly in the preparation of financial reporting, reducing agency problems and aiding acceptance of such information by the users as reliable. The “unqualified” audit reports correspond to more than two thirds of the total, while in the banking sector there is no “unqualified” (ie without even issue of „emphasis‟) Audit Report after 2011. More than two thirds of Deferred Tax Assets - including those from Loss Carryforwards - (DTA), Deferred Tax Liabilities (DTL), and Deferred Tax in the Income Statement appear on the Balance Sheets of the companies audited by the Big 5. Audit firms and supervisory authorities do not seem to have made satisfactory evaluation and exploitation of this information.
URI: http://cris.teiep.gr/jspui/handle/123456789/1359
ISSN: 2334-4628
Appears in Collections:Δημοσιεύσεις σε Περιοδικά

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