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Replicating and extending ‘Voluntary vs mandatory: the role of auditing in constraining corporate tax avoidance in small private firms’
University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies, Business administration. (Forensic Accounting Research Group (FARG))ORCID iD: 0000-0002-5043-6289
University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies, Business administration. (Forensic Accounting Research Group (FARG))ORCID iD: 0000-0003-2952-7327
Handelns Forskningsinstitut.
2025 (English)Report (Other academic)
Abstract [en]

Many European countries have abolished mandatory audits for small firms to reduce their regulatory burden. In a recent article, Dong et al. (2023) reported that voluntarily audited firms experienced a 19% reduction in their total tax burden compared to mandatorily audited firms following an auditing reform in Sweden, suggesting a causal link between the revised auditing regulation and corporate tax avoidance. In this study, we first replicate Dong et al.’s (2023) results with reasonable accuracy. We then incorporate a series of placebo tests to examine whether their results are causal effects of the reform or spurious correlations. Placebo tests adjusting the timing of the reform, along with tests modifying the size of firms eligible for voluntary audits under the reform, reveal statistically significant reform effects where none should be expected. To further investigate, we conduct an independent analysis of the data, finding that voluntarily audited firms increased their tax payments due to the introduction of the reform, rather than reducing them. 

Place, publisher, year, edition, pages
Institute of Retail Economics , 2025. , p. 42
Series
HFI Working Paper
Keywords [en]
Tax evasion, regulatory reform, earnings management, accounting, auditing, placebo testing, conditional difference-in-difference analysis.
National Category
Business Administration
Research subject
Health-Promoting Work, Crime and social harms
Identifiers
URN: urn:nbn:se:hig:diva-46770OAI: oai:DiVA.org:hig-46770DiVA, id: diva2:1952175
Funder
Handelsbanken Research Foundation, P23-0312 och P23-0200Available from: 2025-04-14 Created: 2025-04-14 Last updated: 2025-04-24Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf