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Board Monitoring and Advising in Dynamic Agency

In a recent study, forthcoming in the European Accounting Review (EAR), Svetlana Katolnik, Sandra Kronenberger and Jens Robert Schöndube present a model to show that if managerial contract renegotiation is possible, then an active board of directors might not always be desirable from the shareholders’ perspective.   The shareholders delegate the roles of monitoring, advising, and incentivizing the manager to the board of directors (Larcker and Tayan, 2016). Monitoring is considered valuable because it is…
ARC Commitee
ARC Commitee
3 min read
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1493

EAA SRC “In Conversation with Mr. Patrick de Cambourg”

Following the mandates given by the European Commission on 25 June 2020 to EFRAG and to EFRAG Board President Jean-Paul Gauzès, and the establishment of a dedicated multi-stakeholders EFRAG Project Task Force on the preparatory work for the elaboration of possible EU non-financial reporting standards (EFRAG PTF NFRS), on March 8th 2021 EFRAG has published its final report setting out 54 recommendations on the development of E​U sustainability reporting standards. The EAA Stakeholder Reporting Committee is pleased to…
EAA Stakeholder Reporting Committee
EAA Stakeholder Reporting Committee
< 1 min read
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806

EU V IFRS: Fundamentally different approaches to sustainability reporting

Main points: The IFRS Foundation and EU/EFRAG approaches are opposed in all key aspects; The EU/EFRAG approach is likely to contribute to addressing sustainable development (including climate change). The IFRS Foundation approach is likely to be a distraction from it; The IFRS Foundation has the backing of IOSCO, but the EU has legislative powers. A couple of days ago, I received a brief email update from the IFRS Foundation on their approach to Sustainability Reporting Standard Setting…
Carol Adams
Carol Adams
3 min read
0
1768

Accountancy Europe Makes Recommendations to Strengthen Going Concern Reporting

This analysis was originally posted by Audit Analytics. In the past few years, the EU has been hit with several high-profile corporate failures and collapses: Carillion, Thomas Cook, Patisserie Valerie. Corporate failure affects not only the related shareholders, but also the confidence the public has in the sustainability of the overall market.&nbsp;Supply chain, demand fluctuations, and unseen shifts in consumer behavior as a result of&nbsp;COVID-19&nbsp;have disrupted the global market and put many companies in positions…
Jessica McKeon
Jessica McKeon
2 min read
0
876

EAA 2021 Education Survey Results

EAA Education Survey 2021 Highway to improved pedagogy and advanced use of educational technology&nbsp; &nbsp; Brief description The recently founded EAA Education Committee conducted a survey on the current state of art and future perspectives of accounting education. Altogether we received 390 responses. We thank you for your time and effort to complete this survey, and your responses help the EAA to identify how it could improve your educational competences. This survey had a slight…
PHILIP JOOS
PHILIP JOOS
4 min read
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1113

Anthony G. Hopwood Award for Academic Leadership

The EAA is delighted to announce two recipients of the 2021 Anthony G. Hopwood Award for Academic Leadership: &nbsp; Professor John Christensen, Emeritus professor at the University of Southern Denmark, and Professor Peter Walton, Emeritus professor at The Open University and ESSEC Business School &nbsp; The Award was established in 2005 and renamed to honour Professor Anthony G. Hopwood, who played a prominent role in the creation and development of the EAA. Previous recipients of…
ARC Commitee
ARC Commitee
2 min read
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2713

Theses on strengthening corporate governance on the occasion of the Wirecard case

The Wirecard case once again shows the importance of good corporate governance for the integrity of corporate activities. In this respect, the laws under company law and the German Corporate Governance Code set the framework conditions, which should be tightened up in various points. This article presents twelve theses on strengthening corporate governance for discussion. &nbsp; I. Introduction The Wirecard case in particular has revealed weaknesses in the current system of reviewing financial reports. All…
Thorsten Sellhorn
Thorsten Sellhorn
2 min read
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1903

Recording of the First webinar “ESG Reporting Insights” in the series of webinars available

On February 16, &ldquo;Master of Business Analytics&ldquo; program held the first webinar &ldquo;ESG Reporting Insights&rdquo; in the series of webinars &ldquo;Тhe Challenges in Business Analytics&rdquo;. The webinar covered&nbsp; main issues and discussion topics of ESG reporting: ∙ What are the most promising recent events? ∙ Why are banks switching to ESG reports? ∙ What are the criteria for identifying best practices? Participants&nbsp;discussed existing frameworks, recent changes, disclosures and reporting principles. Some examples from real life…
ANNA VYSOTSKAYA
ANNA VYSOTSKAYA
< 1 min read
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1823

Organizational Memory and Bank Accounting Conservatism

In a recent study, published in the European Accounting Review (EAR), Yi Liu, Khalid Nainar and I examine the impact of banks&rsquo; organizational memory of past history on the conservatism of accounting policy. We investigate two types of bad time history: banks&rsquo; undercapitalization and the failures of other banks during financial crises. Using a large sample of U.S. banks over the period 1997&ndash;2013, we find that both types of bad times are positively related to…
jjin
jjin
3 min read
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407

Saints or Sinners? Politically Connected Auditors and their Audit Quality

Anastasios Elemes (ESSEC Business School),&nbsp;Jeff Zeyun Chen (Texas Christian University) Auditors&rsquo; lobbying activities were until now generally assumed to take place exclusively through audit firms&rsquo; national offices. However, our recent article, published in the European Accounting Review, questions this assumption. In our study we retrieve for the first time the contributions of all politically connected Big 4 employees to members of the Senate and House of Representatives Committees that oversee the audit industry and compile…
ANASTASIOS ELEMES
ANASTASIOS ELEMES
3 min read
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1114
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