This article comments on the Accounting and Auditing Law of the Republic of Georgia.The Georgian law “On Accounting and Auditing of Financial Reporting” was signed into law in 2012. Some of its provisions became effective immediately, while others became effective in January 1, 2013. The law...

This article applies the concepts of opportunity cost and utilitarian ethics to corporate bailouts. When one thinks about bailing out a failing or distressed industry it is also necessary to consider alternative uses for the funds. Opportunity cost analysis concludes that the funds used for...

The present paper is an empirical study, the goal of which is to determine the strength of various arguments that have been used to justify tax evasion and to determine whether results differ based on certain demographic variables. A survey instrument was constructed using a seven-point Likert...

A search of the accounting, trade and ethics literature failed to find a single article that discussed the role that accountants play in assisting in the data gathering process of a trade investigation. Yet there are serious ethical issues that need to be addressed. Certain aspects of trade...

Estate, inheritance and gift taxes are minor forms of raising revenue. They are related, since they all deal with the taking of accumulated wealth. Estate taxes are levied on the estate of a deceased person. Inheritance taxes are levied by most states on those who receive the property of a...

This paper raises some ethical questions about the value added tax. The three main ethical problems with it are that governments have to resort to coercion to collect it, it is a hidden tax and it is an inefficient form of taxation, which violates utilitarian ethics

More than 100 countries are competing for foreign direct investment. One of the factors that adversely affects the ability to attract foreign capital is the lack of credibility of reported financial information. This barrier is especially prevalent in transition economies, since they have not...

A number of accounting and auditing certifications require some amount of university education. The AICPA requires its new members to have 150 semester hours of coursework and is pushing the states to adopt the 150-semester hour requirement as a condition of qualifying to take the CPA exam. This...