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Auditors’ Incentives and Audit Quality: Non-audit Services versus Contingent Audit Fees

This blog has been written by Lucas Mahieux about his recently accepted paper “Auditors’ Incentives and Audit Quality: Non-audit Services versus Contingent Audit Fees”.   What are the incentive effects of the provision of non-audit services (NAS) on auditors? This important policy question is of concern to regulators given the debate that has been raging for years on whether audit firms should provide NAS to audit clients. This debate is often reduced to a simple…
ARC Commitee
ARC Commitee
5 min read
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Going Concern Trends in Eastern Europe

Over the last decade, companies headquartered in Eastern Europe had a going concern rate of 7.2%. Both the Eastern and Southern European regions have higher rates of going concern compared to the Northern and Western regions. In fiscal year 2020, companies in Eastern Europe had an average going concern rate of 6.8%. In this analysis, Eastern European countries consist of the following: Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, and Slovakia. It is important to note, many Eastern European countries have…
Audit Analytics
Audit Analytics
3 min read
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Going Concern Trends in Southern Europe

Southern European countries have some of the highest rates of going concern opinions in all of Europe. Four countries had going concern rates over 10% during fiscal year 2020. On average, Southern European countries had a going concern rate of 8.8%. In this analysis, Southern European countries consist of the following. Bulgaria Croatia Cyprus Greece Italy Malta Portugal Romania Slovenia Spain The southeastern European countries have seen a decline in going concern rates during the…
Audit Analytics
Audit Analytics
2 min read
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Going Concern Trends in Western Europe

This analysis was originally posted by Audit Analytics. Public companies headquartered in Western European countries collectively reached their highest rate of going concern opinions (GCOs) during fiscal year (FY) 2019, before falling during FY2020. Western Europe is made up of eight countries: Austria, Belgium, France, Germany, Liechtenstein, Luxembourg, the Netherlands, and Switzerland. Each country saw its own unique trends for GCOs. However, most saw high rates of GCOs during FY2019. The rate of GCOs in Western…
Audit Analytics
Audit Analytics
3 min read
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EAA Junior Network – Meet the Editors with Andrei Filip (Accounting in Europe)

The EAA is pleased to announce a new session in the series of “Meet the Editors” events. For the healthy future of our accounting academe, it is essential that PhD students and junior faculty learn how to navigate the increasingly high expectations set on the quality of research work. This series of events provides early career scholars with an opportunity to learn and discuss how to successfully manage the competitive process of paper publication.  The third EAA “Meet the…
GIOVANNA MICHELON
GIOVANNA MICHELON
< 1 min read
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Going Concern Trends in Northern Europe

This analysis was originally posted by Audit Analytics. The rate of going concern opinions (GCOs) has been rising among northern European companies over the past decade. At the start of the decade, about 2% of companies headquartered in Scandinavian countries received a going concern opinion. GCOs peaked during fiscal year (FY) 2019 at nearly 6% due to the pandemic. But GCOs were still elevated during FY2020 at more than 4%. Northern European countries refer to Sweden,…
Audit Analytics
Audit Analytics
2 min read
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An Open Letter on the Materiality Debate in Sustainability Reporting

Following the Materiality Debate, the organizing committee of the event from the University of Bristol Accountability Sustainability and Governance Research Group prepared an open letter addressed to the EFRAG and the IFRS Foundation, and their respective boards – the EFRAG Sustainability Reporting Board (SRB) and the International Sustainability Standard Board (ISSB). The open letter is endorsed by 109 signatories from across the globe. The open letter calls for (1) better acknowledgement of the interdependencies of financial sustainability with the sustainability…
GIOVANNA MICHELON
GIOVANNA MICHELON
2 min read
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Academic Empathy Dialogue on Auditing

The EAA Virtual Activities Committee is pleased to announce that the next Academic Empathy Dialogue (AED) on “Auditing”. The AED will host Marleen Willekens (Faculty of Economics and Business, KU Leuven, Belgium) and Bertrand Malsch (Smith School of Business, Queens University, Canada), mediated by Christopher Humphrey (Alliance Manchester Business School, University of Manchester, England) on 15 September at 17:00 CEST. The recording is available here. The statutory financial audit is an inherently puzzling function.  It is replete with extensive formal international auditing standards but…
ARC Commitee
ARC Commitee
4 min read
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Assembling Homo Qualitus: Accounting for Quality in the UK National Health Service

Healthcare quality and managerial accounting are typically understood to be separate and competing tasks, logics, and/or areas of expertise. In this paper, however, we describe the emergence of what we call an accountable quality: a view of healthcare quality as something that must be expressed through management accounting itself. We show further how this blending of accounting and quality challenges traditional distinctions of healthcare workers in terms of professional jurisdiction, task and office. By outlining the…
ARC Commitee
ARC Commitee
2 min read
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532

Update from the EAA Stakeholder Reporting Committee – Response to ED/2021/6 IFRS Practice Statement Management Commentary

Posted by Peter Kajüter, Joanna Krasodomska and Riccardo Stacchezzini, on behalf of the EAA Stakeholder Reporting Committee In May 2021, the IASB published the Exposure Draft (ED/2021/6) Management Commentary for open consultation. The EAA Stakeholder Reporting Committee (“the SRC”) provided feedback in two ways. First, the SRC participated in a joint IASB-EAA-EFRAG Workshop in June 2021 to discuss the proposed revision of the IFRS Practice Statement 1 Management Commentary within academia. Peter Kajüter represented the SRC…
EAA Stakeholder Reporting Committee
EAA Stakeholder Reporting Committee
3 min read
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