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The consequences of disclosing key audit matters (KAMs): A review of the academic literature

In this recently published paper, Melina Heilman (Technische Universität Dortmund) and I review the emerging body of academic research which examines the effects of KAM disclosures in the auditor’s report. We do so by examining four distinct streams of research. First, we review research papers that investigate whether KAM disclosures indeed have the potential of meeting the expectations of standard setters and regulators with respect to providing a more valuable reporting model. Second, some scholars…
Anna Gold
Anna Gold
3 min read
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3213

Overview of European Key Audit Matter (KAM) Disclosures

The disclosure of Key Audit Matters (KAMs) has been required for over a year now, and there is a lot of data available to be analyzed. In this post, we look at the KAM disclosures of more than 1,200 companies over the past three years and discuss some interesting trends that we see in the data. KAMs are required under ISA 701 for fiscal years ending on or after December 15, 2016. Therefore, fiscal 2017 is the…
WALTER WILLEY
WALTER WILLEY
4 min read
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3365

The small to medium sized practitioners of the future in a changing world

In a global research report commissioned by the Edinburgh Group, together with Donna Street, Nadia Albu and Sarah Webber, we have examined the landscape ahead for the Accountancy Profession. This report offers recommendations for small to medium sized practitioners (SMPs) and Professional Accountancy Organisations (PAOs) about how they can work better together and sustain great working relationships. The report also states that SMPs and the PAOs that support them should prepare together for a rapidly evolving…
CATALIN NICOLAE ALBU
CATALIN NICOLAE ALBU
3 min read
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1200

Fair Value Accounting: Making Accounting less Useful?

In a recent article in the Financial Times, Jonathan Ford argues that accounting information has become significantly less useful over time due – at least in part – to the increasing use of fair values over historical cost. He states: “The use of fair values tends to accelerate the recognition of profits, introducing procyclicality because the prices themselves bake in estimates of anticipated earnings as well as what has actually been realised to date.”  …
MARK ANTHONY CLATWORTHY
MARK ANTHONY CLATWORTHY
4 min read
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2968

Economic Analysis of Widespread Adoption of CSR and Sustainability Reporting Standards

In a recent report, coauthored with Hans Christensen and Luzi Hail, we provide an economic analysis for a widespread adoption of corporate social responsibility (CSR) reporting standards in the United States. Using an extensive review of the academic literature in accounting, finance, management, and economics we discuss possible economic consequences, including real effects and implementation issues, related to the adoption of such disclosure and reporting standards by U.S. companies. The seven key questions I address…
Christian Leuz
Christian Leuz
13 min read
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3838

Call for partnerships with National Associations

Recently, the EAA has initiated partnerships with National Associations with the aim of fostering the development of accounting academics, especially junior scholars and PhD students. Examples of these collaborations include the Portuguese Network of Accounting Research, the French National association Association Francophone de Comptabilité (AFC), and The Brazilian Research Accounting Association (ANPCONT). The EAA is inviting expressions of interest by National Associations to establish agreements. Any National Association involving accounting academics, with a particular interest…
Helena Isidro
Helena Isidro
2 min read
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4418

EAA Annual Congress 2019, Paphos – Important Announcements

Call for EAA 2019 Registration !  Important announcements !   Members and friends of the European Accounting Association (EAA) are invited to join the 42nd Annual Congress to be held at the Aliathon Holiday Village Hotel in Paphos, Cyprus, May 29-31, 2019. Early-bird Registration EAA 2018 registration opened in November 2018. Early-bird fees are available until February 28, 2019. (Note: Presenters must register by the early bird deadline. The notification of acceptance will be sent by…
GIOVANNA MICHELON
GIOVANNA MICHELON
3 min read
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3041

Auditor Tenure among Nordic Indices

In this post, we look at the longest auditor tenures of the companies in the top Nordic indices. This includes a review of 136 companies, with only one having a joint audit. As shown in the graph below, eight of these 136 companies, or 6%, have an auditor tenure of over 25 years. This is contrasted to 56% of the companies with an auditor relationship of ten years or less. Thirty percent of the companies…
WALTER WILLEY
WALTER WILLEY
2 min read
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3285

Accounting Thought and Practice Reforms: Ray Chambers’ Odyssey

A blog by Graeme Dean, Martin Persson and Franke Clarke This blog summarizes and celebrates the intellectual contributions of Raymond John Chambers (born 16 November 1917, died 13 September 1999). It was commissioned because the works of Chambers, described by Edwards (1994)as one the twentieth century’s greatest accounting thinkers, are only minimally known to present day students and younger academics. This overview canvasses the forces that fostered the development of Chambers’ ideas and also those…
Graeme Dean
Graeme Dean
16 min read
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2853

An Overview of European Stock Exchanges

Audit Analytics offers a suite of data products covering European companies. With comprehensive databases of Audit Opinions, Audit Fees, Auditor Tenure, Key Audit Matters, and Transparency Reports, we track over 6,000 companies listed on exchanges across all 31 countries in the EEA and Switzerland. We’ve written a handful of posts over the past few months highlighting certain aspects of this data. In this post, we’ll look at some very high-level descriptive statistics of the population as a…
WALTER WILLEY
WALTER WILLEY
3 min read
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3852