Assessing The Internal Control Structure For Income Tax Account Balances And Their Related Disclosures

Main Article Content

Jeff Decker
California State University, Chico

Richard Ray
California State University, Chico

Tim Kizirian
California State University, Chico

Keywords

Income Tax, Internal Control, Control Objectives, Control Activity, PCAOB

Abstract

We provide practical considerations to guide auditors in performing a preliminary assessment of the design of the auditee’s control structure related to income tax account balances and their related disclosures which should contribute to more reliable financial reporting. While our process is specifically designed for use in performing an integrated audit under PCAOB Auditing Standard No. 5 (PCAOB, 2007), the internal control objectives and related control activities we present are also useful in performing other types of audits or limited engagements.

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Published
Jun 1, 2019
DOI https://doi.org/10.19030/rbis.v23i1.10330

Article Details

How to Cite
Decker, J., Ray, R. ., & Kizirian, T. (2019). Assessing The Internal Control Structure For Income Tax Account Balances And Their Related Disclosures. Review of Business Information Systems (RBIS), 23(1), 1–6. https://doi.org/10.19030/rbis.v23i1.10330
Issue
Vol. 23 No. 1 (2019)
Section
Articles
Author Biographies

Jeff Decker, California State University, Chico

Jeff Decker, Ph.D., CPA is an Associate Professor of Accounting at CSU, Chico. He has taught Managerial, Financial, Auditing and MBA accounting. His research focuses on issues relating to management's use of internal controls. E-mail: jldecker@csuchico.edu

Richard Ray, California State University, Chico

Richard Ray, Ph.D., CPA is an Assistant Professor of Accounting at CSU, Chico. He has taught both Individual and Business Entity Taxation at CSU, Chico. His research typically focuses on issues in Corporate Taxation, Real Estate Investment Trusts and Regulated Investment Companies. E-mail: rwray@csuchico.edu

Tim Kizirian, California State University, Chico

Tim Kizirian, Ph.D., CPA is a Professor of Accounting and Department Chair at CSU, Chico. He has taught Auditing, Forensic Accounting, and Financial Accounting. His research typically focuses on issues in auditing and internal controls. E-mail: tkizirian@csuchico.edu (contact author)