Latest Blogs

EFRAG Calls on the likely developments in financial reporting

EFRAG CALLS FOR AN ACADEMIC STUDY AND ACADEMIC LITERATURE REVIEW ON LONG-TERM VIEW ON THE LIKELY DEVELOPMENTS IN FINANCIAL REPORTING     EFRAG plans to start preliminary research activity on the long-term view on the likely developments in financial reporting.   The proposed research would include a holistic assessment of IFRS Standards (strengths, weaknesses, long-term considerations, topics still to be addressed and European needs and requirements).   In the context of this research activity, EFRAG…
ARC Commitee
ARC Commitee
5 min read
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Update from the EAA Stakeholder Reporting Committee – Response to the Consultation Paper on Due process procedures for EU sustainability reporting standard-setting

Posted by Begoña Giner on behalf of the EAA Stakeholder Reporting Committee In response to the Consultation Paper on on Due process procedures for EU sustainability reporting standard-setting issued by EFRAG in June 2021, the Stakeholder Reporting Committee of the European Accounting Association (“the SRC”) issued a response letter the 6th of September outlining our position in relation to the issues raised therein — see below or attached. As indicated in our response, we agree…
EAA Stakeholder Reporting Committee
EAA Stakeholder Reporting Committee
5 min read
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Virtual Accounting Research Seminar 2021-2022

The Virtual Activities Committee is pleased to announce that the Virtual Accounting Research Seminar (VARS) Series will resume on Friday October 1st, and will continue until July 2022, as a monthly EAA virtual event. The registration is now open at https://eaa-vars.com/. So far, we have put together an exciting and diverse programme, which we hope you will enjoy.  Oct 1 Mary Barth (Stanford University) Nov 5 Sven Modell (University of Manchester) Dec 3 Anna Gold (Vrije…
GIOVANNA MICHELON
GIOVANNA MICHELON
2 min read
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Create engaging online content using OBS Studio

Covid-19 and lockdowns have accelerated the gradual move to online and hybrid teaching from an evolution to a revolution – during 2020 and the first half of 2021, educators were confronted with digital challenges and new pedagogical approaches that only seem to be the online equivalent of traditional classroom teaching. Still an undiscovered land for many, video conferencing platforms like Microsoft Teams, Zoom, or Cisco Webex Meetings put restrictions on what the educator could do…
Anastasia Kopita
Anastasia Kopita
2 min read
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798

Global survey aims to map sustainability and climate change across accounting and finance education

Do you teach about carbon disclosures, or ESG? Does sustainability feature in your teaching? What have you experienced when teaching these topics? What insight and support could you offer to those wishing to teach these subjects? Shona Russell, John Ferguson and Ian Thomson have launched an online survey aims understand academics’ experiences of teaching sustainability and climate change in accounting and finance degree programmes around the world. If you have experience of teaching these topics…
Shona Russell
Shona Russell
2 min read
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586

Has IFRS 9 improved the relevance of accounting loan loss provisions for CDS pricing?

Yes, but…   In 2018, banks have implemented the expected credit loss (ECL) model under International Financial Reporting Standard (IFRS) 9 to estimate loan losses, which replaces the incurred loss model under International Accounting Standard (IAS) 39. The key novelty of the ECL model is the incorporation of forward-looking information for recognizing accounting loan loss provisions (LLPs), which provides ample room for managerial discretion. The literature recognizes accounting discretion as a double-edged sword. On the one…
Romain Oberson
Romain Oberson
3 min read
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606

Gender in the Accounting Profession

After the success of the Diversity Roundtable Conversation at the EAA Virtual Congress, the EAA Virtual Activities Committee is delighted to host another event on “Gender in the Accounting Profession”, which will take place on Zoom, on September 22, 2021 at 4.00pm CEST. Registration is now open here. Despite their important role in the profession, women accountants still face significant challenges and little has been done to improve gender equity. The low presence of women in senior…
GIOVANNA MICHELON
GIOVANNA MICHELON
3 min read
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391

The Tax Complexity Index: An innovative measure to analyze tax complexity across countries

Recently, the relevance of tax complexity has increased significantly. This is a potential threat for the economy and society since the negative consequences of complex tax systems can jeopardize economic prosperity and encourage undesired tax planning as well as tax avoidance. However, research on the impact of tax complexity on the economy and society is limited. It is unclear how to measure complexity: a comprehensive assessment of tax complexity across different countries is needed.  …
CAREN SURETH-SLOANE
CAREN SURETH-SLOANE
4 min read
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583

Recording of webinar: The price of time – discounting in financial reporting

RECORDINGS | EAA, EFRAG ICAS joint webinar: The price of time – discounting in financial reporting – 9/07/21 Stakeholders can now watch the recordings of the EAA, EFRAG ICAS joint webinar: The price of time: discounting in fiancial reporting held on Friday 9 July. Through the event academics and experts debated the issue of discounting in financial reporting. Read the complete news EFRAG – European Financial Reporting Advisory Group AISBL-IVZW 35 Square de Meeûs – B-1000 Brussels http://www.efrag.org/  
ARC Commitee
ARC Commitee
< 1 min read
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A Theory of ‘Why and How’ Audit Firms Choose to Specialize

In a recent study, published in the European Accounting Review (EAR), Ronen Gal-Or and Esther Gal-Or&nbsp;examine analytically the strategic path auditors take towards becoming industry specialists in terms of their investments in the acquisition of industry specific knowledge and their pricing behavior. A large body of empirical research examines whether and under what conditions industry specialist auditors provide a quality differentiated product (e.g. Balsam, Krishnan and Yang 2003; Reichelt and Wang 2010; Minutti-Meza 2013; Francis…
ARC Commitee
ARC Commitee
6 min read
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