The Accounting Review Vol. 96 No. 5 2021
The Possible Weakening of Financial Accounting from Tax Reforms
open access
Abstract
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.
- DOI
- 10.2308/tar-2021-0198
- Volume
- 96
- Issue
- 5
- Pages
- 389-401
- Language
- en
- Sources
- openalex bibtex:phds-export.bib crossref