Tax Avoidance: Does Tax-Specific Industry Expertise Make a Difference?

American Institute of Certified Public Accountants (AICPA).2000 . Statements on Standards for Tax Services Nos. 1–8 . New York, NY : AICPA .

Badertscher, 2009, Earnings management strategies and the trade-off between tax benefits and detection risk: To conform or not to conform?, The Accounting Review, 84, 63, 10.2308/accr.2009.84.1.63

Balsam, 2003, Auditor industry specialization and earnings quality, Auditing: A Journal of Practice & Theory, 22, 71, 10.2308/aud.2003.22.2.71

Blaylock, 2012, Tax avoidance, large positive book-tax differences, and earnings persistence, The Accounting Review, 87, 91, 10.2308/accr-10158

Bobek, 2010, The role of client advocacy in the development of tax professionals' advice, Journal of the American Taxation Association, 32, 25, 10.2308/jata.2010.32.1.25

Bonner, 1992, Expertise in corporate tax planning: The issue at the identification stage, Journal of Accounting Research, 30, 1, 10.2307/2491190

Brown, 2011, The spread of aggressive corporate tax reporting: A detailed examination of the corporate-owned life insurance shelter, The Accounting Review, 86, 23, 10.2308/accr.00000008

Chaney, 2004, Self-selection of auditors and audit pricing in private firms, The Accounting Review, 79, 51, 10.2308/accr.2004.79.1.51

Chen, 2010, Are family firms more tax aggressive than non-family firms?, Journal of Financial Economics, 95, 41, 10.1016/j.jfineco.2009.02.003

Cook, 2008, Earnings management through effective tax rates: The effects of tax planning investment and the Sarbanes-Oxley Act of 2002, Contemporary Accounting Research, 25, 447, 10.1506/car.25.2.6

Cook, K., and T. Omer. 2010 . The Cost of Independence: Evidence from Firms' Decisions to Dismiss Auditors as Tax-Service Providers . Working paper , The University of Arizona and Texas A&M University .

DeAngelo, 1981, Auditor size and audit quality, Journal of Accounting and Economics, 3, 183, 10.1016/0165-4101(81)90002-1

Deloitte Development LLC, 2009, Unlocking hidden value in tax: Tax services for the oil and gas industry

Dhaliwal, 2004, Last-chance earnings management: Using the tax expense to meet analysts' forecasts, Contemporary Accounting Research, 21, 431, 10.1506/TFVV-UYT1-NNYT-1YFH

Donohoe, M., and W. R. Knechel. 2009 . Muddying the Water: The Effect of Tax Aggressiveness, Auditor-Provided Tax Services, and Industry-Specialization on Auditor Remuneration . Working paper , University of Illinois and University of Florida .

Dunn, 2004, Audit firm industry specialization and client disclosure quality, Review of Accounting Studies, 9, 35, 10.1023/B:RAST.0000013628.49401.69

Dyreng, 2008, Long-run corporate tax avoidance, The Accounting Review, 83, 61, 10.2308/accr.2008.83.1.61

Dyreng, 2010, The effects of executives on corporate tax avoidance, The Accounting Review, 85, 1163, 10.2308/accr.2010.85.4.1163

Eichenseher, 1981, The analysis of industry-specific auditor concentration: Towards an explanatory model, The Accounting Review, 56, 479

Ferguson, 2003, The effects of firm-wide and office-level industry expertise on audit pricing, The Accounting Review, 78, 429, 10.2308/accr.2003.78.2.429

Financial Accounting Standards Board (FASB), 1975, Accounting for Contingencies, Statement of Financial Accounting Standards No. 5

Financial Accounting Standards Board (FASB) . 2006 . Accounting for Uncertainty in Income Taxes. FASB Interpretation No. 48 . Norwalk, CT : FASB .

Francis, 2005, The pricing of national and city-specific reputations for industry expertise in the U.S. audit market, The Accounting Review, 80, 113, 10.2308/accr.2005.80.1.113

Frank, 2009, Are financial and tax reporting aggressiveness reflective of broader corporate policies?, The Accounting Review, 84, 467, 10.2308/accr.2009.84.2.467

Gleason, 2011, Do auditor-provided tax services improve the estimate of tax expense?, Contemporary Accounting Research, 28, 1484, 10.1111/j.1911-3846.2010.01057.x

Gow, 2010, Correcting for cross-sectional and time-series dependence in accounting research, The Accounting Review, 85, 483, 10.2308/accr.2010.85.2.483

Gul, 2009, Earnings quality: Some evidence on the role of auditor tenure and auditors' industry expertise, Journal of Accounting and Economics, 47, 265, 10.1016/j.jacceco.2009.03.001

Gupta, 1997, Determinants of the variability in corporate effective tax rates: Evidence from longitudinal study, Journal of Accounting and Public Policy, 16, 1, 10.1016/S0278-4254(96)00055-5

Hanlon, 2003, What can we infer about a firm's taxable income from its financial statements?, National Tax Journal, 56, 831, 10.17310/ntj.2003.4.07

Hanlon, 2005, The persistence and pricing of earnings, accruals, and cash flows when firms have large book-tax differences, The Accounting Review, 80, 137, 10.2308/accr.2005.80.1.137

Hanlon, 2010, A review of tax research, Journal of Accounting and Economics, 50, 127, 10.1016/j.jacceco.2010.09.002

Hanlon, 2012, Audit fees and book-tax differences, Journal of the American Taxation Association, 34, 55, 10.2308/atax-10184

Hay, 2006, Audit fees: A meta-analysis of the effect of supply and demand attributes, Contemporary Accounting Research, 23, 141, 10.1506/4XR4-KT5V-E8CN-91GX

Heckman, 1979, Sample selection bias as a specification error, Econometrica, 47, 153, 10.2307/1912352

Hogan, B., and T. Noga. 2010 . The Association between Changes in Auditor Provided Tax Services and Corporate Tax Avoidance . Working paper , Northeastern University and Bentley University .

Hosmer, D., and S. Lemeshow. 2002 . Applied Logistic Regression. Wiley Series in Probability and Statistics. 2nd Edition . New York, NY : John Wiley & Sons, Inc .

Kinney, 2004, Auditor independence, nonaudit services, and restatements: Was the U.S. government right?, Journal of Accounting Research, 42, 561, 10.1111/j.1475-679X.2004.t01-1-00141.x

Kwon, 1996, The impact of competition within the client's industry on the auditor selection decision, Auditing: A Journal of Practice & Theory, 15, 53

Lassila, 2010, Do complexity, governance, and auditor independence influence whether firms retain their auditors for tax services?, Journal of the American Taxation Association, 32, 1, 10.2308/jata.2010.32.1.1

Lennox, 2012, Selection models in accounting research, The Accounting Review, 87, 589, 10.2308/accr-10195

Leuz, 2000, The economic consequences of increased disclosure, Journal of Accounting Research, 38, 91, 10.2307/2672910

Li, 2010, National level, city level auditor industry specialization and cost of debt, Accounting Horizons, 24, 395, 10.2308/acch.2010.24.3.395

Maydew, 2007, The changing role of auditors in corporate tax planning, Taxing Corporate Income in the 21st Century, 10.1017/CBO9780511510823.023

Mayhew, 2003, Audit firm industry specialization as a differentiation strategy: Evidence from fees charged to firms going public, Auditing: A Journal of Practice & Theory, 22, 33, 10.2308/aud.2003.22.2.33

McGill, 2004, Lost in translation: Detecting tax shelter activity in financial statements, National Tax Journal, 57, 739, 10.17310/ntj.2004.3.13

Mills, 1998, Book-tax differences and internal revenue service adjustments, Journal of Accounting Research, 36, 343, 10.2307/2491481

Mills, 1998, Investments in tax planning, Journal of the American Taxation Association, 20, 1, 10.2308/jata.2001.23.1.1

Mills, 2010, FIN 48 and tax compliance, The Accounting Review, 85, 1721, 10.2308/accr.2010.85.5.1721

Neal, 2004, Auditor industry specialist research design, Auditing: A Journal of Practice & Theory, 23, 169, 10.2308/aud.2004.23.2.169

Novak, 1998, The hustling of X-rated shelters, Forbes, 162, 198

Omer, 2006, Auditor-provided tax services: The effects of a changing regulatory environment, The Accounting Review, 81, 1095, 10.2308/accr.2006.81.5.1095

Paterson, 2011, The effects of recurring and nonrecurring tax, audit-related, and other nonaudit services on auditor independence, Contemporary Accounting Research, 28, 1510, 10.1111/j.1911-3846.2010.01060.x

Petersen, 2009, Estimating standard errors in finance panel data sets: Comparing approaches, Review of Financial Studies, 22, 435, 10.1093/rfs/hhn053

Phillips, 2003, Earnings management: New evidence based on the deferred tax expense, The Accounting Review, 78, 491, 10.2308/accr.2003.78.2.491

PricewaterhouseCoopers, 2011, Industries

2008, Public Accounting Report, 32, 8

Rego, 2003, Tax avoidance activities of U.S. multinational corporations, Contemporary Accounting Research, 20, 805, 10.1506/VANN-B7UB-GMFA-9E6W

Reichelt, 2010, National and office-specific measures of auditor industry expertise and effects on audit quality, Journal of Accounting Research, 48, 647, 10.1111/j.1475-679X.2009.00363.x

Reynolds, 2000, Does size matter? The influence of large clients on office-level auditor reporting decisions, Journal of Accounting and Economics, 30, 375, 10.1016/S0165-4101(01)00010-6

Robinson, 2010, The impact of evaluating the tax department as a profit center on effective tax rates, The Accounting Review, 85, 1035, 10.2308/accr.2010.85.3.1035

Schmidt, 2006, The persistence, forecasting, and valuation implications of the tax change component of earnings, The Accounting Review, 81, 589, 10.2308/accr.2006.81.3.589

Scholes, M., and M. Wolfson. 1992 . Taxes and Business Strategy: A Planning Approach . Englewood Cliffs, NJ : Prentice Hall, Inc .

Seetharaman, 2011, Tax-related financial statement restatements and auditor-provided tax services, Journal of Accounting, Auditing and Finance, 26, 677, 10.1177/0148558X11409146

Simunic, 1984, Auditing, consulting, and auditor independence, Journal of Accounting Research, 22, 679, 10.2307/2490671

Solomon, 1999, What do industry-specialist auditors know?, Journal of Accounting Research, 37, 191, 10.2307/2491403

Tucker, 2007, Is openness penalized? Stock returns around earnings warnings, The Accounting Review, 82, 1055, 10.2308/accr.2007.82.4.1055

Wilson, 2009, An examination of corporate tax shelter participants, The Accounting Review, 84, 969, 10.2308/accr.2009.84.3.969