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Update from the EAA Stakeholder Reporting Committee (formerly Corporate Reporting Committee)

Posted by Ricardo Stachezzini and Laura Girella, on behalf of the EAA Stakeholder Reporting Committee (SRC) In May 2020 the IIRC launched a 90-days consultation process aimed to collect feedbacks and suggestions to inform the revision of  the International <IR> Framework (originally launched in December 2013) (https://integratedreporting.org/2020revision/). The SRC submitted its response to the issues raised therein and attached here. The IIRC consultation is structured as follows. A first set of questions (i.e. Q. 1-10)…
EAA Stakeholder Reporting Committee
EAA Stakeholder Reporting Committee
4 min read
0
2028

Leveraging the European Restatements Database

This analysis was originally posted by Audit Analytics. Audit Analytics recently released the European Financial Restatements database, filling a void in stakeholders’ ability to easily analyze restatements in context of the overall global market. The database contains 350 restatements from nearly 300 public companies listed on regulated exchanges in the EEA, UK and Switzerland1 since 2018 and provides three unique methods of analyzing data: Restatements by issue Positive / Negative impact Duration of restatement period Using this database,…
Jessica McKeon
Jessica McKeon
4 min read
0
1491

Short Selling: A Review of the Literature and Implications for Future Research

Our article accepted for publication in the European Accounting Review (EAR) special issue on literature reviews in accounting provides a systematic review of short selling literature on its information intermediary roles and its influence on accounting, auditing, and other corporate decisions. Our review also identifies some gaps in the short-selling literature and highlights a few inherent challenges that researchers face in their research designs.   Short sales occur for a myriad of reasons that roughly…
ARC Commitee
ARC Commitee
3 min read
0
2044

COVID-19 Impacts on European Audit Opinions

This post was orginally posted by Audit Analytics. This post will be updated to reflect the current number of filings citing the COVID-19 pandemic in a going concern opinion, key audit matter, or emphasis of matter.   Overall Statistics As of the week ended 18 September 2020, Audit Analytics has observed the following trends in European audit opinions referencing COVID-191: Going Concern Modifications: 154 Emphasis of Matter: 273 Key Audit Matters: 465 Based on company…
Jessica McKeon
Jessica McKeon
6 min read
0
2129

Who Audits Public Companies – Market Share in France

This analysis was originally posted by Audit Analytics. Deloitte, EY, KPMG, and PwC collectively hold just 57% of the overall market share among the top indexes in France. This is a vastly different picture than we saw when looking at Germany, where the Big Four holds 91% of the market share. The difference, however, can be attributed to France’s joint audit system. As mentioned in a previous post, we’ll take a look at the auditor market…
Jessica McKeon
Jessica McKeon
5 min read
0
1739

How does one control change lead to another?

Organizations are frequently confronted with environmental shifts and change. In our recent publication (Toldbod and Van der Kolk, forthcoming in the European Accounting Review), we examine how environmental shifts can trigger cascades of management control changes, how this creates incoherence, and how managers can use the incoherence to stimulate organizational dialogue. Our study provides insights into the interplay of management control elements and control changes, and mobilizes notions from the organizational ecology literature to theorize our findings.…
Berend van der Kolk
Berend van der Kolk
3 min read
0
1439

Begona Giner, Chair of Stakeholder Reporting Committee, is part of EFRAG’s task force

The European Lab Steering Group has appointed the members and Chair of the Project Task Force to operate the project on preparatory work for the elaboration of possible EU non-financial reporting standards, mandated to EFRAG by the European Commission. ​ We are happy to report that Begona Giner, Chair of the EAA's Stakeholder Reporting Committee, was one of the newly-appointed project task force member!
ARC Commitee
ARC Commitee
< 1 min read
0
1667

PhD students – places at the 2021 CAAA Annual Conference

An excellent opportunity for PhD students: the Canadian Academic Accounting Association (CAAA) and the EAA are offering EAA students three places at the 2021 CAAA Annual Conference. The selected PhD students will receive a full waiver of the CAAA Conference fee. To apply for this opportunity please send a motivation letter by September 30th, 2020 to baha.diyarov@eiasm.be. Selected students will be informed by December 31th, 2020. &nbsp;
ARC Commitee
ARC Commitee
< 1 min read
0
2359

The Impact of CEO/CFO Outside Directorships on Auditor Selection and Audit Quality

In a recent study published in European Accounting Review, Byungjin Kwak, Myung Seok Park, Yoonseok Zang and I examine whether outside directorships of chief executive officer/chief financial officer (CEO/CFO) and resulting network ties to auditors affect auditor selection decisions and subsequent audit quality. While some studies suggest that executives&rsquo; outside board directorship is related to managerial opportunism and entrenchment (agency view) (Davis, 1991; Zajac &amp; Westphal, 1996), others argue that it can enhance the home…
Jaeyoon Yu
Jaeyoon Yu
4 min read
0
2390

ESG fails to immunize stocks against the COVID-19 market crash

Environmental, Social and Governance (ESG) investments are praised worldwide as the solution to environmental, social and societal problems, and would be the best vaccine during the Covid-19 crisis. Our research findings suggest that this is not the case, and that traditional measures such as liquidity and innovative capacity better describe crisis resilience. While corporate social responsibility companies may benefit in the longer term, it is advisable for investors to be critical of funds that promote…
PHILIP JOOS
PHILIP JOOS
2 min read
0
1753
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