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Monitoring the Audit Market in Europe

This analysis was originally posted by Audit Analytics. Audit Analytics recently released a new report, Monitoring the Audit Market in Europe. Using our extensive databases, our analysts compiled this timely report which examines the impacts of the European Commission’s 2014 Audit Directive and Audit Regulation. These two pieces of legislation were adopted in response to concerns identified in the audit process following the financial crisis of the late 2000s and early 2010s. The legislation sought to fundamentally revamp the audit…
Jessica McKeon
Jessica McKeon
5 min read
0
398

Why consider using quantile regression in your research

Why consider using quantile regression in your research In graduate school, we were taught about the nice properties of the coefficients estimated with the ordinary least square (OLS) regression model: They are BLUE (best linear unbiased estimators). (Note:  The ‘best’ in BLUE refers to the sampling distribution having the minimum variance, i.e., most efficient.) If normality is additionally assumed on the disturbance term, then the estimated coefficients are also normally distributed, allowing hypotheses on them…
Andrew Yim
Andrew Yim
3 min read
0
2132

From Governing to Managing: Exploring Modes of Control in Private Equity Relationships

Despite the economic significance of private equity (PE) firms, there has been limited investigation into the control mechanisms they implement to manage relationships with their portfolio companies. Through a comparative field study, we describe the role and characteristics of controls implemented by PE firms and the contextual factors associated with the relative importance of different control mechanisms. Evidence shows that control mechanisms play an important role in directing the actions of portfolio companies and that…
ARC Commitee
ARC Commitee
< 1 min read
0
1644

Where the integrated reporting begins? – following the Global Events 2020

During the recent events organised by EAA, IFRS, IIRC, the main issues raised by speakers go in line with the global needs for sustainable development as a one of the key challenges. Broader value creation, how companies can contribute to our future, evolution of the concept of materiality &#8211; these are the key issues to address nowadays by business society. The world is rapidly switching from Traditional to Integrated Reporting and therefore we will no…
ANNA VYSOTSKAYA
ANNA VYSOTSKAYA
3 min read
0
1196

References supporting academic research stated in Open Letter to IFRS Foundation

As a follow-up to the Open Letter to the Chair of the IFRS Foundation Trustees posted on October 21, 2020 in response to the IFRS Trustees&rsquo; Consultation Paper on Sustainability Reporting, we provide references that&nbsp;support the findings of independent peer-reviewed academic research stated in the letter. Please note that the references will be regularly updated on this blog, so feel free to contact me if you wish to make suggestions. Findings of independent academic research…
CHARLES CHO
CHARLES CHO
13 min read
0
2168

EAA Education Provocation Workshop and Survey

EAA Education Provocation Workshop and Survey The Covid pandemic has brought an unprecedented change for accounting education around the world. How we engage with our students, the way we educate, the content we develop, the technologies we use, the way education is accessed, the classroom and the discussions we have within it are all changing at rapid speed. We are adapting, pivoting, adjusting, struggling and coping in equal measures as we transition to new possibilities…
ARC Commitee
ARC Commitee
6 min read
0
1957

Sustainability is too important to get divided over!

On 27 November 2020, the EAA hosted its third in a series of virtual events providing the IFRS Foundation a forum for reaching out to the academic community and receiving live input on its most salient projects. As episode #3 of the EAA’s Virtual IFRS/EAA Workshop Series, we conducted a session on the IFRS Foundation’s Consultation Paper on Sustainability Reporting. This workshop was attended by up to 250 participants and generated lively discussion. Please view…
Thorsten Sellhorn
Thorsten Sellhorn
5 min read
0
658

Going Concern Modifications Issued to Large European Companies amid Pandemic

This analysis was originally posted by Audit Analytics. &nbsp; Going concern modifications have been more common during the COVID-19 pandemic than in recent years.&nbsp;The number of large companies worldwide whose future is uncertain has been staggering, but not surprising due to the lockdowns and other difficulties the pandemic has brought in 2020. In this post, we look at the largest companies by market cap listed on European stock exchanges with&nbsp;going concern modifications&nbsp;in their audit opinions…
Jessica McKeon
Jessica McKeon
4 min read
0
1070

EAR Conference – Announcement of Best Paper and Best Discussant Awards

&nbsp; European Accounting Review 2020 Annual Conference 19-20 November, 2020 Announcement of Best Paper and Best Discussant Awards The scientific committee of the 2020 European Accounting Review Annual Conference is happy to announce the awards for Best Paper and Best Discussant at the 2020 EAR Conference. Best Paper Award “Probabilistic Audits and Misreporting – The Influence of Audit Process Design on Employee Behavior” by Corinna Ewelt-Knauer, Sandra Winkelmann (Presenter) &#8211; Justus-Liebig-University Giessen, and Anja Schwering…
ARC Commitee
ARC Commitee
2 min read
0
2303

Post-Wirecard, Germany Seeks to Tighten Audit Rules

This analysis was originally posted by Audit Analytics. &nbsp; According to the&nbsp;Financial Times, Germany has responded to the Wirecard scandal by proposing a slew of audit regulations aimed at bolstering auditor independence. The proposal includes reducing the maximum auditor tenure from 20 years to 10 years and limiting firms from providing certain consulting services. It would also modify auditor liability by increasing the cap from &euro;4 million to &euro;20 million. Maximum tenures and limitations on…
Jessica McKeon
Jessica McKeon
7 min read
0
1255
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