This study contributes to the literature on long-run tax avoidance causes and internal controls disclosures in developing countries. The results indicate that the implementation of more stringent internal controls does not inhibit the aggressive tax practices of Brazilian firms. We compared listed Brazilian firms with ADRs (treatment group) in comparison with their peer firms only listed in Brazil, or issuers of lower level ADRs not subject to SOX (control group). We measured tax aggressiveness according to the effective tax rate (ETR), long-run cash effective tax rate (CASH ETR) and the difference between book income and taxable income (BTD). In an environment of better internal controls, we would have more reliable information, restricting more abusive tax practices. The aim was to investigate whether the improvement of internal controls promoted by the adoption of SOX would have any impact on the propensity to be more tax aggressive. This paper investigates the effects of the Sarbanes-Oxley Act (SOX) on the tax aggressiveness of Brazilian firms that issued American Depositary Receipts (ADRs), in the period between 20. However, except in special cases, listing in the Corporate Governance Special Listing Segments and auditing by the Big Four do not assure less earnings management by operational decisions. The evidence from a sample of Brazilian firms suggests that listing on the São Paulo Stock Exchange´s Corporate Governance Special Listing Segments, which requires enhanced corporate governance practices, among other requirements, and auditing by one of the Big Four firms reduce in general earnings management by accounting choices, and that qualified opinion from auditor is an indicator of earnings management. In order to infer earnings manipulation by accounting choices and operational decisions, we investigate if firms that manage earnings through discretionary accruals also make operational decisions for the same purpose. Although there are some studies on earnings management by Brazilian companies, very few have examined the presence of operational decisions in this practice and none has addressed how to minimize this. We can help write that story by setting goals.This article examines whether enhanced corporate governance practices, auditing by one of the Big Four and qualified auditors’ opinions, are associated with the propensity to engage in earnings management through accounting choices or operational decisions in Brazil. The new year stands before us, like a chapter in a book, waiting to be written. Take a piece of paper, a few hours of your time, and write it all down - as an affirmation of you, your life, and your ability to choose. What problems would you like to see solved? What decisions would you like to make? What would you like to happen in your career? What would you like to attain? Little things and big things? Where would you like to go? What would you like to have happen in friendship and love? What would you like to have happen in your family life? What would you like to have happen in your life this year? What would you like to do, to accomplish? What good would you like to attract into your life? What particular areas of growth would you like to have happen to you? What blocks, or character defects, would you like to have removed? They put a powerful force into play on a universal, conscious, and subconscious level. It is an affirmation that you're interested in fully living life in the year to come. Dig within, and discover what you would like to have happen in your life this year.
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