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The Linear and Non-Linear Effects of Internal Control and its Five Components on Corporate Innovation: Evidence from Chinese Firms using the COSO Framework

In a recent study, published in the European Accounting Review (EAR), Yining Chen, Baohua Liu and I study the impact of internal control (IC) on corporate innovation. Per the Committee of Sponsoring Organizations (COSO), IC has five components (i.e., control environment, risk assessment, control activities, information & communication, and monitoring). Surprisingly, with a few exceptions, studies on IC seldom examine how these five components individually impact corporate policies and activities. The literature on IC primarily…
Johnny Chan
Johnny Chan
4 min read
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682

The Wirecard scandal – transparency is needed

“An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate titans.” How did it come to that? As I say in an Associated Press article appearing in the New York Times and Washington Post, it’s too early to say what happened at Wirecard – and why…
Thorsten Sellhorn
Thorsten Sellhorn
5 min read
0
273

Virtual IASB/EAA workshop

The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) will hold a virtual workshop on 10 July 2020 at 15.00-17.00 (CEST).  The workshop will provide an overview of the IASB’s General Presentation and Disclosure Exposure Draft (ED) and relevant academic literature. The proposals in this project are pervasive and would affect everyone applying IFRS Standards; with the aim to improve communication in the financial statements, with a focus on the…
GIOVANNA MICHELON
GIOVANNA MICHELON
< 1 min read
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580

Effect of Mandatory IFRS Adoption on Accounting-Based Prediction Models for CDS Spreads

In a recent study, published in the&nbsp;European Accounting Review (EAR), Pepa Kraft, Zilu Shan, and I, examine the effects of mandatory IFRS adoption on accounting-based predictionmodels for credit default swap (CDS) spreads for a sample of 292 firms in 16 IFRS-adopting countries. Mandatory adoption of IFRS in 2005 substantially affected financial reporting for firms around the world. There is a large literature examining the effects of mandatory adoption of IFRS on accounting quality, equity capital…
Wayne Landsman
Wayne Landsman
3 min read
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2130

Creating a collaborative virtual classroom: the case of Discord

In this article I will describe my experience with using Discord, which was initially designed as a communication platform for video gamers, as a virtual classroom to enable highly collaborative team work in a remote context. But first some backstory; I give a yearly Python course for European PhD students organized through the Limperg Institute. This year I was going to give one in June at Tilburg University, however, due to the COVID-19 circumstances that…
Ties de Kok
Ties de Kok
6 min read
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3408

Get Involved! EAA Education Committee

The EAA Education task force is soliciting candidates for the new&nbsp;EAA Education Committee. We are looking for colleagues with a proven track record in educational innovation who want to serve for a 2 or 3 year-period in this new EAA Education committee. Education committee members will be approved by the EAA Management Committee.&nbsp; If you or one of your colleagues (potentially a teaching focused faculty member) have an interest, please send a motivation letter and…
ARC Commitee
ARC Commitee
< 1 min read
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938

COVID-19 Impacts on European Audit Opinions

This analysis was originally posted by&nbsp;Audit Analytics. &nbsp; 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 12 June 2020, Audit Analytics has observed the following trends in European audit opinions referencing COVID-191: Going Concern Modification: 106 Key Audit Matter: 173 Emphasis of Matter Paragraph: 175 Based on company…
Jessica McKeon
Jessica McKeon
6 min read
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1644

The Continuity of the Board of Statutory Auditors Across Social, Economic and Political Institutional Changes

Mike Jones (University of Bristol) and Andrea Melis (University of Cagliari) How and why does an accounting institution continue over time, without any substantial change in its nature and role, despite the fundamental changes in the economic, political and social institutional environment? Our study contributed to answer this question by examining the history of the board of statutory auditors (Collegio sindacale or Collegio dei sindaci). Established in 1882 in Italy the board of statutory auditors…
Andrea Melis
Andrea Melis
3 min read
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2494

Hello from the new ARC Chair

I am delighted to introduce myself to the EAA/ARC community as the new ARC Chair. I am succeeding Mark Clatworthy who over the last few years together with Giovanna Michelon has made the ARC a true success and the envisaged one-stop place for accounting-related resources. With my personal and academic international background, I have always been interested in liaising with people from different places and of various mindsets. I was therefore thrilled when I joined…
TAMI DINH
TAMI DINH
2 min read
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2602

My corona moment

&nbsp; 2020 has been special; for you too, I am sure. When last we met at the Paphos Congress, the EAA was humming along nicely. But with the corona situation now affecting us all, the EAA is not exempt. I took up these issues in my message to members in the June 2020 EAA Newsletter. My heartfelt thanks go out to many, as our EAA community has risen to the occasion in what for me…
Thorsten Sellhorn
Thorsten Sellhorn
8 min read
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1103
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