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Tax Abatement Disclosures: An Exploratory Study of Professional’s Perceptions and Early Disclosures of GASB Statement No. 77
Journal of Applied Business and Economics
View Archive Info| Field | Value | |
| Title |
Tax Abatement Disclosures: An Exploratory Study of Professional’s Perceptions and Early Disclosures of GASB Statement No. 77
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| Creator |
Fischer, Mary
Holmes, Amy Foshee |
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| Description |
The Governmental Accounting Standards Board (GASB) adopted Statement No. 77 requiring government disclosure of tax abatements in audited financial reports for years beginning after December 15, 2015. This paper reports survey findings provided by accounting and finance professionals (practitioners) regarding their tax abatement reporting perceptions. We then review early implementation of the abatement disclosure and find the disclosed information does not meet the practitioner’s expectations. Our findings fill a gap in state and local financial reports as it appears the new disclosure requirement does not fulfill the Board’s reporting transparency expectation goals.
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| Publisher |
North American Business Press
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| Date |
2018-12-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
https://articlegateway.com/index.php/JABE/article/view/212
10.33423/jabe.v20i8.212 |
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| Source |
Journal of Applied Business and Economics; Vol 20 No 8 (2018)
1499-691X 10.33423/jabe.v20i8 |
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| Language |
eng
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| Relation |
https://articlegateway.com/index.php/JABE/article/view/212/182
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| Rights |
Copyright (c) 2018 Journal of Applied Business and Economics
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