AJOU Central Library Repository: Management Manipulation of Financial Statement as a Means of Tax Evasion

Management Manipulation of Financial Statement as a Means of Tax Evasion

Keyword: Auditors; Financial Statement; Management; Private Companies; Tax Evasion /Avoidance; Tax Officers

Alternative Abstract: The issue of tax evasion /avoidance has been drawing the attention of government policymakers and researchers. Several studies have been conducted on the severity of tax evasion, causes of corporate tax avoidance on government revenue. This paper is taking a single direction, focusing on the management of private companies manipulating their financial statement as a means to evade/avoid tax putting in mind the process and parties in tax payment(companies, independent auditors, and tax officers). A research questionnaire survey was used to gather data from the staff of private companies, auditing firms, and revenue services. Descriptive analysis was used in concluding the findings revealed that yes, management of private companies manipulate the financial statement, but do not act alone. Their auditors are also inclusive in the manipulations and our finding showed that the tax officers could be aware but cannot do anything to stop it. It was also revealed that the business complained of the tax law as being too harsh on some of the business. The study recommended among other things, a cashless economy and a mandatory electronic receipt using a system to avoid some companies' non-full disclosure of required information to auditors.

Appears in Collections:: Special Graduate Schools > Graduate School of International Studies > Department of International Business > International Business > 3. Theses(Master)

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