The Possible Weakening of Financial Accounting from Tax Reforms
<jats:title>ABSTRACT</jats:title> <jats:p>There are past and proposed tax law changes that contain provisions that affect financial reporting. These include calls for book-tax conformity, proposals to increase the links between financial accounting and taxable incom...
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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American Accounting Association
2022
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| Online Access: | https://hdl.handle.net/1721.1/144172 |
| _version_ | 1811087246757986304 |
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| author | Hanlon, Michelle |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Hanlon, Michelle |
| author_sort | Hanlon, Michelle |
| collection | MIT |
| description | <jats:title>ABSTRACT</jats:title>
<jats:p>There are past and proposed tax law changes that contain provisions that affect financial reporting. These include calls for book-tax conformity, proposals to increase the links between financial accounting and taxable incomes, and actions by Congress that make direct alterations to U.S. GAAP. I submit that these tax law changes potentially threaten financial reporting quality. I discuss my concerns about why such provisions have not attracted attention from accountants to the extent they should and make a case for more awareness and more research going forward.</jats:p> |
| first_indexed | 2024-09-23T13:42:24Z |
| format | Article |
| id | mit-1721.1/144172 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T13:42:24Z |
| publishDate | 2022 |
| publisher | American Accounting Association |
| record_format | dspace |
| spelling | mit-1721.1/1441722023-02-10T21:32:35Z The Possible Weakening of Financial Accounting from Tax Reforms Hanlon, Michelle Sloan School of Management <jats:title>ABSTRACT</jats:title> <jats:p>There are past and proposed tax law changes that contain provisions that affect financial reporting. These include calls for book-tax conformity, proposals to increase the links between financial accounting and taxable incomes, and actions by Congress that make direct alterations to U.S. GAAP. I submit that these tax law changes potentially threaten financial reporting quality. I discuss my concerns about why such provisions have not attracted attention from accountants to the extent they should and make a case for more awareness and more research going forward.</jats:p> 2022-08-01T15:52:14Z 2022-08-01T15:52:14Z 2021 2022-08-01T15:17:45Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/144172 Hanlon, Michelle. 2021. "The Possible Weakening of Financial Accounting from Tax Reforms." The Accounting Review, 96 (5). en 10.2308/TAR-2021-0198 The Accounting Review Creative Commons Attribution-Noncommercial-Share Alike http://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf American Accounting Association SSRN |
| spellingShingle | Hanlon, Michelle The Possible Weakening of Financial Accounting from Tax Reforms |
| title | The Possible Weakening of Financial Accounting from Tax Reforms |
| title_full | The Possible Weakening of Financial Accounting from Tax Reforms |
| title_fullStr | The Possible Weakening of Financial Accounting from Tax Reforms |
| title_full_unstemmed | The Possible Weakening of Financial Accounting from Tax Reforms |
| title_short | The Possible Weakening of Financial Accounting from Tax Reforms |
| title_sort | possible weakening of financial accounting from tax reforms |
| url | https://hdl.handle.net/1721.1/144172 |
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