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European Companies with Frequent Auditor Changes

This analysis was originally posted by Audit Analytics.   While much of the concern surrounding audits in Europe revolves around long tenures – audit firms auditing the same client for years, or even decades, on end – it is perhaps more of a concern when a company switches its auditor very frequently. Using the Audit Analytics’ European databases, we identified a few companies that had multiple auditors in a short amount of time. Laura Ashley…
Jessica McKeon
Jessica McKeon
5 min read
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2331

EAA Annual Congress 2019 – Who said accountants are boring?

Finally, time to relax!  After literally years of planning, the 42nd EAA annual Congress that took place in Paphos, Cyprus is over.  The local hosts organized the meeting having two main goals in mind. Our first goal was to ensure that the Congress offered participants a rich academic and intellectual experience. Toward that end, during this year’s Congress we held two IFRS Foundation events, one of which was on primary financial statements, nine symposia with diverse…
Irene Karamanou
Irene Karamanou
4 min read
0
712

Update from the EAA Corporate Reporting Committee

Posted by Elizabeth Demers, Laura Girella and Lúcia Lima Rodrigues, on behalf of the EAA Corporate Reporting Committee In response to a call for responses by the Financial Reporting Council on their document entitled, “Business Reporting of Intangibles:  Realistic Proposals” on April 30, 2019, the Corporate Reporting Committee of the European Accounting Association (“the CRC”) issued a memorandum outlining our position related the issues raised therein. Overall, it was our opinion that the implementation of…
EAA Stakeholder Reporting Committee
EAA Stakeholder Reporting Committee
3 min read
0
651

KAMs Enter as the UK Exits

This analysis was originally posted by Audit Analytics. The United Kingdom’s pending exit from the European Union has been a cause of extreme uncertainty, both geopolitically and economically. Given the potential magnitude of the event, and considering London’s place as a center of global finance and industry, there is little doubt that Brexit will have a substantial impact on the companies based in the UK and listed on the London Stock Exchange. These concerns, however,…
Jessica McKeon
Jessica McKeon
3 min read
0
694

On receiving the 2019 EAA Anthony G. Hopwood Award for Academic Leadership in Accounting

I sincerely thank the EAA and its Awards and Management Committees for honouring me with this award. The motivation in the ARC announcement for giving me the Award, mentions my contributions to the advancement of accountancy (accounting) research in Europe. These contributions did not happen in isolation. So I need to thank many people and 2 institutions, and explain why I thank them. I like to use accountancy, and not accounting, to refer to Financial…
WILLEM BUIJINK
WILLEM BUIJINK
15 min read
0
618

Recent reviews of the UK audit services: a commentary

The collapse of Enron led to a transformation in the way American companies are held to account for their accounts. The Sarbanes-Oxley Act introduced new legal responsibilities on company directors and created a legislatively backed regulator with teeth. In contrast, the UK persisted with a form of self regulation. Until now. The recent reviews of the audit system by the UK Competition and Markets Authority (CMA), the Kingman Review of the Financial Reporting Council and…
Jan Bouwens
Jan Bouwens
5 min read
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760

EAA PhD Forum 2019: The Presentations

The EAA PhD Forum, launched in 2013, is an initiative of the EAA to help and promote PhD students in accounting and is part of the EAA Annual Congress. Here are the contents discussed during the EAA PhD Forum 2019: Update on EAA Doctoral Activities EAA Talent Workshop and PhD Mobility (more information) – Nieves Carrera (IE Business School Madrid) The Race for Talents (more information) – Antonio De Vito (IE Business School Madrid) Plenary What…
Christoph J. Sextroh
Christoph J. Sextroh
< 1 min read
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726

Market Concentration of PIEs – An Analysis of Transparency Report Data

This analysis was originally posted by Audit Analytics. Audit Analytics collects all EEA and member-state defined Public Interest Entities (&ldquo;PIEs&rdquo;) disclosed by audit firms in annual transparency reports.&nbsp; Public Interest Entities are: Entities traded on a regulated market of an EU Member State; Credit institutions; Insurance undertakings; or Entities designated by Member States as public-interest entities (The EU Commission has called these &ldquo;National PIEs.&rdquo;) In this post, we look at PIEs disclosed in auditor transparency…
Jessica McKeon
Jessica McKeon
3 min read
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3085

Getting ready for the European Accounting Job Market

This blog is coauthored by Cristina Grande Herrera &amp; Antonio B. Vazquez &nbsp; When does the job market begin? Are you ready for the market? How does the process work? In this post we try to answer these questions and some others with our own job market experiences. The accounting job market starts when you need to prepare your package for the job market conference(s). This package normally comprises your job market paper and CV.…
Cristina Grande Herrera
Cristina Grande Herrera
4 min read
0
3830

When Cash is “Key”

This analysis was originally posted by Audit Analytics. Cash may be king, but when it comes to auditing, cash is not usually considered a high risk area. The audit procedures around cash usually begin and end with confirming the balance on hand with the company&rsquo;s banks, and there is very little estimation involved in the balance. Despite the relative ease of auditing cash, we found a handful of cases where audit firms identified cash or…
Jessica McKeon
Jessica McKeon
3 min read
0
3207
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