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Symposia Programme Valencia

Symposia Programme



ICAEW – Is the IFRS for SMEs good for SMEs?

Wednesday 10 May: 15.00-16.30

ROOM: Auditorium II

Small and medium-sized entities (SMEs) play an important role in the global economy and represent over 95% of companies worldwide. The introduction of the International Financial Reporting Standard for Small and Medium-sized Entities in 2009, which offered a simplified set of accounting principles suitable for SMEs (primarily private companies), was therefore significant to the IFRS movement.

Eight years on, it is a good time to reflect on how effective the IFRS for SMEs has been in improving the overall quality of financial statements and in making them more relevant and useful to both internal and external users. Supporters of the IFRS for SMEs suggest that greater transparency and comparability should be of particular use to finance providers and thereby improve a firm’s access to capital as well as lower the cost of capital. However, the costs associated with implementing some of the rigorous requirements of the IFRS for SME may inhibit its adoption in certain jurisdictions or lead to adoption with modification.

This symposium, organised by ICAEW, brings together leading academics and practitioners to debate issues surrounding private sector reporting including;

  • How far does the IFRS for SMEs provide a useful model for private company financial reporting globally?
  • Is the IFRS for SMEs working in practice and do internal and external users find the information it provides helpful?
  • Does the IFRS for SMEs improve access to finance?
  • How could financial reporting for SMEs be improved?
  • What research evidence is available to help answer these questions and what more can be done?


  • Robert Hodgkinson, Institute of Chartered Accountants in England and Wales (ICAEW)


  • Joachim Gassen, Humboldt University, Berlin
  • Matt Tilling, International Accounting Standards Board (IASB)
  • Lisa Evans, University of Stirling
  • Maria Dolores Urrea, Instituto de Contabilidad y Auditoria de Cuentas (ICAC)

This symposium is sponsored by the Institute of Chartered Accountants in England and Wales (ICAEW).



EAA – Are we ready for the future: what management accountants can and ought to study?

Wednesday 10 May: 17.00-18.30

ROOM: Auditorium II

Organizations, today face new challenges. Organizations become more knowledge driven and innovation and creativity are on the forefront. As a result, including more forward looking information into decision making tools becomes crucial to business survival. This change towards more knowledge driven organizations, puts challenges on both the decision-facilitating and decision-influencing role of accounting. Are we as management accountants still studying the right topics? How should bookkeeping systems and management reporting systems change in this changing environment? How do management, and employees deal with forward-looking information and how can such measures distort or improve performance (e.g. distortions in operations, myopia)? In the symposium, we will zoom into some topics which management accountants can study in the light of this changing environment.


  • Eddy Cardinaels, KU Leuven and Tilburg University


  • Robert Bloomfield, Cornell University
  • Asis Martinez Jerez, University of Notre Dame (presentation)
  • Karen Sedatole, Michigan State University (presentation)



On the centrality of peripheral research and the pitfalls of tight boundary gatekeeping

Thursday 11 May: 09:00 – 10:30

ROOM: Auditorium II

This symposium aims to reflect on the processes by which accounting research boundaries are socially constructed, henceforth demarcating a division between central and peripheral research. Recognizing that serious indications of tight boundary gatekeeping are on the rise in the accounting research domain, the panelists especially reflect on the extent of boundary gatekeeping within their own research paradigm, and the extent of negative consequences ensuing from this kind of behavior. In addition, the following questions will be explored. What can we gain, collectively speaking, from developing more receptive attitudes toward the periphery? What role does research at the periphery have in terms of supporting the development of new ideas and innovations? Does an excessively protective center prevent new ideas and innovations from emerging and becoming visible? If so, how? Does the longer-term sustainability of accounting research require the incremental development of spaces of receptivity toward the unexpected and peripheral? The symposium is intended to stimulate reflection on these fundamental questions.


  • Giovanna Michelon, University of Exeter


  • Yves Gendron, Université Laval
  • Thomas Jeanjean, ESSEC Business School
  • Michelle Rodrigue, Université Laval



Accounting and Business Research Special Issue Symposium: The Role of Accounting Information in Debt Markets

Thursday 11 May: 11:00 – 12:30

ROOM: Auditorium II

This Symposium focuses on the role of accounting information in debt markets. It is organised in conjunction with the Accounting and Business Research Special Issue on this particular theme ( Although companies and organisations worldwide rely heavily on debt markets for short, medium and long term financing, the interface between accounting and debt markets remains comparatively under-researched. As the 2007-08 financial crisis and its aftermath show, debt markets and financial intermediaries can have significant effects on the real economy. The Symposium brings together experts to discuss current and future developments of research and regulations in the relevant topic area. The issues that will be addressed include the standard setting for expected-loss-based methods, the influence of fair value accounting and conservatism in debt contracting, and the theoretical underpinnings for the role of accounting information in debt financing.


  • Edward Lee, University of Manchester, Joint Editor, Accounting and Business Research

Panellists and Topics:

  • John O’Hanlon, Lancaster University – “The development of the IASB's and the FASB's expected-loss-based methods of accounting for credit-loss impairment
  • Fernando Penalva, University of Navarra – “Debt contracting and conservatism
  • Alfred Wagenhofer, University of Graz – “Accounting information and debt contracting: A theory perspective

This symposium is sponsored by Accounting and Business Research.



Editors’ panel: Dealing with the review process in accounting journals

Thursday 11 May: 14:00 – 15:30

ROOM: Auditorium II

The editors of accounting journals provide insights about the review process. The panelists summarize current review practices and address the changes needed in the review process to improve the quality and efficiency of the publication process. The debate highlights how reviewers and authors can handle reviews to contribute to the progress of research.


  • Helena Isidro, ISCTE-IUL Business School


  • Paul André, Editor, Accounting in Europe
  • Mary Barth, incoming Editor, The Accounting Review
  • Mark Clatworthy, joint Editor, Accounting and Business Research
  • Peter Pope, joint Editor, Journal of Business Finance and Accounting
  • Keith Robson, Editor, Accounting Organizations and Society
  • Hervé Stolowy, Editor, European Accounting Review



EAR – Textual analysis research in accounting

Thursday 11 May: 16:00 – 17:30

ROOM: Auditorium II

This symposium aims to discuss ways to advance the use of textual analysis research in accounting with the purpose of measuring the quantity and quality of information provided by financial disclosures to investigate accounting related research questions.

Textual disclosures may include news articles, earnings conference call transcripts, regulatory and tax filings, internal firm reports, social media postings, reports issued by market intermediaries and other textual disclosures. Textual analysis can cover computational linguistics, statistical language processing, information retrieval, content analysis or stylometrics to capture constructs such as the amount of disclosure, sentiment, similarity, style and readability.

The symposium will present the views of different speakers on issues relating to textual analysis. The symposium is related to the Special Issue on ‘Textual Analysis Research in Accounting’ of the European Accounting Review. The special issue is Guest Edited by Reuven Lehavy (University of Michigan) and Florin P. Vasvari (London Business School).


  • Reuven Lehavy, University of Michigan, USA


  • Reuven Lehavy, University of Michigan
  • Hervé Stolowy, HEC Paris
  • Peter Wysocki, The University of Miami School of Business
  • Tianyu Zhang, The Chinese University of Hong Kong



Audit Analytics – The 2006 Audit Directive, EARs and the Future of Audit Reporting – A Conversation with the Experts

Friday 12 May: 09:00 – 10:30

ROOM: Auditorium II

As we speak, key-audit-matters are being drafted, audit committee reports are being presented, companies are preparing to change auditors, audit resources are being redeployed, and liability issues are starting to identify themselves.  In this context, we have assembled a highly qualified panel of professionals who have been in the middle of it all.  Profound opportunities abound for academics looking into research topics that will matter to accountants, auditors, regulators and standard setters. Join us for this 90 minutes of presentations and debates about these important current matters.


  • David Lont, Phd Professor and Head of Department, University of Otago, New Zealand


  • Jeremy Jennings, Regulatory Solutions LLC and former Head of EY’s Regulatory and Public Policy Group
  • Arjan Brouwer, PWC partner and University of Amsterdam Professor
  • Mark Cheffers, CEO and Founder of Audit Analytics
  • Marek Grabowski, Board Member of the International Auditing and Assurance Standards Board (IAASB)

This symposium is sponsored by Audit Analytics.



Accounting in Europe – EAA Financial Reporting Standards Committee (FRSC) – Transposing the new EU Accounting Directive and the role and current status of IFRS in the completion of European National Law/GAAP

Friday 12 May: 11:00 – 12:30

ROOM: Auditorium II

Accounting in Europe has just recently published a special issue on transposing the new EU Accounting Directive (DIRECTIVE 2013/34/EU published on 26 June 2013) and the role and current status of IFRS in the completion of European National GAAP/Law. The symposium is an opportunity to discuss the results of the special issue and other concurrent work on the topic. What is/what should be the current status of IFRS in the development of European national GAAP? What now for IFRS for SMEs?


  • Araceli Mora, Professor University of Valencia, upcoming Editor Accounting in Europe


  • Paul André, Professor HEC Lausanne & current Editor Accounting in Europe
  • Anne McGeachin, IASB Technical Director
  • Richard Martin, ACCA & Chair of Accounting Expert Group (AEG) of the European Federation of Accountants and Auditors (EFAA) for SMEs
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