This analysis was originally posted by Audit Analytics.com Earlier this week, the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) reminded companies in the UK that the permission to delay publication of financial reports is still in effect. The initial joint statement was issued in the early days of the lockdown in the UK on 26 March 2020.    The relief, prompted by the challenges of publishing accurate financial information in the midst of the pandemic, allows listed companies on regulated markets to delay publishing their annual…

Joint Call for Papers: Special Issues on Corporate Disclosures   Accounting in Europe and The British Accounting Review   About the Special Issues In conjunction with the International Accounting Standards Board (IASB), we invite submissions of papers on diverse aspects of disclosure, and drawing on diverse research methods and approaches. Successful submissions will have potential to demonstrate research impact by contributing to public policy development and in particular the regulation of financial reporting. Submissions are…

This year the International Accounting Section will award several grants for PhD students to help with the cost of attending the 2021 AAA Annual Meeting.  Because the meeting will be held virtually, the grants will cover the AAA annual meeting registration fee as well as the American Accounting Association’s 2021-2022 Student membership and the 2021-2022 membership fee in the International Accounting Section. Grant award recipients must agree to be a discussant during a concurrent session of the Section at the Annual Meeting. Please inform your PhD students who…

A blog by Charles Cho and Michael Rogerson Modern slavery has come to cover a range of labour abuses incorporating issues such as debt bondage and child labour as well as the United Nations’ ‘Decent Work’ goal (Sustainability Development Goal #8). The scale of the problem is estimated in the tens of millions of cases. Stakeholders, including legislators, are paying growing attention to this significant issue, particularly by demanding transparency from large firms which are…

It is more than year ago that Sir Donald Brydon published his famous review where he introduced the notion of deserved confidence. One of the most contentious elements of audited reports pertains to the going-concern opinion of auditors.  Auditors are scorned  if a company goes bankrupt despite the fact that the auditor gave a clean opinion on the financial statements. In about fifty percent of the cases, the auditor indicates that a company is financially…

During 2020 a number of reports were published by organisations promoting a 'solution' for 'sustainability reporting' amid 'concern' about about a proliferation of bodies setting standards and frameworks. The proliferation of frameworks and standards led to a proliferation of bodies claiming their purpose was to harmonise – not without self interest, of course.  I wrote some short articles with my observations on these developments to both engage in the debate and increase my knowledge of…

This analysis was originally posted by Audit Analytics. The audit opinion is particularly important to stakeholders, as it provides insight into whether the financial statements are true and reliable for decision making. When an opinion is issued, auditors generally include an explanation for their decision. Because most opinions are unqualified (clean) and issued when an auditor determines that the financial records are appropriate and maintained in accordance with regulations, it is important for stakeholders to…

I am excited to share with our respected readers that Russian accounting academic community joined global trend on Sustainable Development and gets involved into the international scope of discussion. The Working Group on Non-financial Reporting Committee of Higher School of Ecnomics submitted Response letter to the IFRS Consultation Paper on Sustainability Reporting. The working group  includes six academics from various campuses of the School. I believe it to be a good start for future international…

Recently, Dr. Helena Isidro shared exciting news on a brand new start of EAA collaboration with Russian Accounting Community (https://eaa-online.org/arc/blog/collaboration-russian-accounting-community). This collaboration will involve Russian Accountants via Accounting Methodology Center (AMC, http://bmcenter.ru/). I believe this is a really great start of a new journey in Accounting Research through the collaboration developing and attracting young researchers with fresh ideas to our society.

This paper is published in Volume 19, Issue 4 of the Journal of Accounting and Management and Information Systems, available in Open Access here (the full PDF version is here and also attached to this blog), and reproduced here as a blog. A hopefully useful bibliography can also be accessed here and is also attached to this blog, as a separate file. Abstract Recent discussions at accounting conferences and workshops suggest that academics are ‘deeply divided’ on the role and…