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European Accounting Review 2020 Annual Conference

European Accounting Review 2020 Annual Conference 19-20 November, 2020 Virtual EAR Conference   The 2020 European Accounting Review Annual Conference will be held online. This is justified due to the extended uncertainty during the fall of 2020 surrounding the development of the COVID situation, as well as due to limitations in travelling across Europe. The Conference is organized by EAR with hosting and support by the European Accounting Association. Expected Schedule (all times CET) Thursday, 19 November Paper 1:…
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Reporting Error Corrections in the UK, EU, US, and Canada

This analysis was originally posted by Audit Analytics. Financial reporting and the subsequent correction of errors (or restatement) in financial statements differs from one jurisdiction to another. These differences are due to reporting mechanisms, local customs, and, of course, laws. Some of the key differences between various jurisdictions are reporting timelines, accounting standards, audit standards, and materiality definitions. Using data from Audit Analytics’ three restatement databases – Europe1, the United States, and Canada – we’ll look at how these differences…
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European Accounting Review 2020 Annual Conference - Links included

European Accounting Review 2020 Annual Conference 19-20 November, 2020 Virtual EAR Conference   The 2020 European Accounting Review Annual Conference will be held online. This is justified due to the extended uncertainty during the fall of 2020 surrounding the development of the COVID situation, as well as due to limitations in travelling across Europe. The Conference is organized by EAR with hosting and support by the European Accounting Association. Expected Schedule (all times CET) Thursday,…
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Who Audits Public Companies – Market Share in Spain

This analysis was originally posted by Audit Analytics. There is a highly concentrated audit market among the companies listed on the Continuous Market of the Bolsas y Mercados Españoles (BME) in Spain. Sixteen accounting firms were engaged by 131 companies headquartered in Spain at the end of 2019, with the Big Four accounting for 85% of the market share. Capturing just 2% of the market each are Grant Thornton, BDO, and Luis Caruana & Asociados. The remaining nine…
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Update from the EAA Stakeholder Reporting Committee – Response to the Ad Personam Mandate of EFRAG Board President Jean-Paul Gauzès on Non-Financial Reporting Standard Setting

Posted by Begoña Giner, Laura Girella and Lúcia Lima Rodrigues, on behalf of the EAA Stakeholder Reporting Committee (EAA SRC) In response to the letter of Mr. Gauzes, EFRAG Board President, on the Ad Personam Mandate on Non-Financial Reporting Standard Setting, dated 1 October 2020, the Stakeholder Reporting Committee of the European Accounting Association (“the SRC”) issued a response letter (see attached PDF file) outlining our position in relation to the issues raised therein. Our…
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Report and video: 2nd IASB-EAA Virtual Research Workshop (IASB Discussion Paper "Business Combinations – Disclosures, Goodwill and Impairment")

Last Friday, 30 October 2020, the International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) held the 2nd episode of its IASB-EAA Virtual Research Workshop series. The seminar provided an overview of the IASB’s Business Combinations – Disclosures, Goodwill and Impairment Discussion Paper (DP) and relevant academic literature, as summarized in a recent review paper by Amir Amel-Zadeh (University of Oxford), Martin Glaum (WHU - Otto Beisheim School of Management), and myself. Each…
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Taxes, Liabilities Among Common Reasons for Financial Restatements in Europe

This analysis was originally posted by Audit Analytics.   Audit Analytics recently released the Europe Financial Restatements database, consisting of financial restatements for accounting errors due to accounting rule misapplications, clerical issues, and fraud. Collected from English language press releases, annual reports, and interim reports issued between January 2018 and September 2020, the population listed on regulated exchanges contains 355 individual restatements and represents companies headquartered in 41 different countries. The top five countries represented in…
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Virtual research workshop: IASB’s Business Combinations – Disclosures, Goodwill and Impairment Discussion Paper

The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) will hold a virtual research workshop on 30 October 2020 at 12.00-14.00 (CET). The seminar will provide an overview of the IASB’s Business Combinations – Disclosures, Goodwill and Impairment Discussion Paper (DP) and relevant academic literature. The proposals in this project aim to improve the information companies provide to investors, at a reasonable cost, about the acquisitions those companies make. The…
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INTERNATIONAL ACCOUNTING RESEARCH WEBINAR SERIES - AAA

  You are invited by the International Accounting Section of the American Accounting Association to participate in a research webinar series focusing on International Accounting Research.   Tuesday, November 3rd: 7:00 pm-8:00 pm, Eastern (Midnight-1:00 am, November 4th, GMT) Presenter: C. S. Agnes Cheng – The Hong Kong Polytechnic University Moderator: Helen Kang, UNSW Business School To register in advance for the November 3rd webinar: CLICK HERE   Tuesday, November 17th: 9:00 am-10:00 am, Eastern (2:00 pm-3:00 pm, GMT)…
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Time estimation errors in costing systems

Sophie Maussen & Sophie Hoozée (Ghent University) In a recent article, published in the European Accounting Review, we experimentally studied the joint impact of task interruption and interactive time estimation on the accuracy of time estimates. Employee estimates of task duration constitute an important element of many organizations’ costing systems. As time estimates are subject to estimation error, they may be a source of measurement error, and, subsequently, result in distortions in product and service…