This analysis was originally posted by Audit Analytics. Note: This analysis will be updated to reflect 2020’s market share once all annual reports have been filed. In a previous blog, we noted that as of the end of 2019, there were only six audit firms licensed to audit PIEs (Public Interest Entities) in the Netherlands and we looked at the market concentration of these auditors. Here, we examine the auditor market share of Euronext Amsterdam’s top three…

On 29 January 2021, the International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) and the European Financial Reporting Advisory Group (EFRAG) held an IFRS-EAA Virtual Workshop that provide an overview of the IASB’s Business Combinations under Common Control (BCUCC) Discussion Paper (DP) and EFRAG’s developing views for consultation on that DP. Attended by roughly 200 participants, the workshop covered issues including: a) When to apply the acquisition method and a book-value method to a BCUCC in…

Call for Papers A Joint Conference of the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), and The Accounting Review (TAR) Accounting for an Ever-Changing World November 2-4, 2022, New York City, NY This co-sponsored conference will provide a forum for the presentation of academic research studies that produce insights into whether the FASB and/or IASB standards on revenue recognition (Topic 606 and IFRS 15, Revenue from Contracts with Customers), leases (Topic…

This webinar will open the continuing series of discussions under the common title “Тhe Challenges in Business Analytics”. We are happy to announce the first webinar “ESG Reporting Insights”, during which we will look into the 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 identify best practices? We invite anyone who is interested to join us…

Taxes are an important factor when it comes to financial decisions, such as investments, savings and financing. This applies to decisions made by private individuals as well as to decisions made in companies. It is therefore important that individuals making such decisions are aware of the actual tax burden, as misperceptions can lead to incorrect decisions and undesirable tax planning activities. A comprehensive literature review by Kay Blaufus, Malte Chirvi, Hans-Peter Huber, Ralf Maiterth and…

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…