Website and eIFRS Sponsored by KPMG LLP and the KPMG Foundation

Informing the IAASB

The third program, funded by ICAS, informs the International Auditing and Assurance Standards Board (IAASB).

Round 1

Key Research Into Global Audit Issues Is Announced (funded by ACCA)

Executive Summaries of Funded Projects

International Consistency and Convergence in the Application of International Auditing Standards: Evidence from Going Concern Modifications
Per Christen Trønnes, University of New South Wales
Elizabeth Carson, University of New South Wales
Roger Simnett, University of New South Wales

The Implications of XBRL for the Financial Statement Audit
Roger Debreceny, University of Hawaii at Manoa
Stephanie Farewell,University of Arkansas at Little Rock
Hans Verkruijsse, Tilburg University

Use of Business Risk Audit Perspectives by non-Big 4 Audit Firms
C. M. van Nieuw Amerongen, Northeastern University
J. P.van Buuren, Nyenrode Business University
A. Wright, Northeastern University
C. Koch, University of Mannheim

  • Van Buuren, Joost, Koch, Christopher, Nieuw Amerongen, Niels van, and Wright, Arnold. Use of Business Risk Audit Perspectives by non-Big 4 Audit Firms. Auditing: A Journal of Practice & Theory, Vol. 33, No. 3, pp. 105-128, August 2014.

Abstract: This study investigates the role of business risk perspectives in the audit of smaller and medium-sized entities (SMEs) by small and medium-sized audit practices (SMPs). The research is important, since we have little knowledge of how SMPs utilize business risk factors, and there is a current debate about the need for proportionally applying auditing standards, including standards on business risks, in the audit of SMEs. We conduct 38 interviews with Dutch and German auditors of both small and medium-sized audit practices to capture a variety of different audit environments. We develop a model that considers a continuum of audit approaches ranging from a substantive-based audit approach to a full-scope business risk audit, and observe a limited and heterogeneous application of business risk perspectives by SMP auditors. We find that client complexity, enforcement by audit supervisory authorities, relative emphasis on book-tax alignment in different countries, and investments in audit technology are important factors explaining the use of business risk perspectives. The findings imply a need to provide auditors with sufficient flexibility to proportionally adjust their audit approaches in the application of international audit standards under varying client and audit firm conditions.

Programme Advisory Committee:


  • Arnold Schilder, Chair
  • Jon Grant, Member
  • Susan Jones, Member
  • Bill Kinney, Member
  • James Gunn, Technical Director
  • Martin Hoogendoorn, VP-Practice
  • Donna L. Street, President
  • Barry Cooper, Council Member and Chair, ACCA Research Committee
  • Arnold Schilder, Chair
  • David York, Head of Auditing Practice
  • Caroline Oades, Head of Research

Round 2

The International Association for Accounting Education and Research (IAAER) and The Institute of Chartered Accountants of Scotland (ICAS) are pleased to invite research proposals under the Informing the IAASB Standard-Setting Process Program. The program supports research directed at informing the International Auditing and Assurance Standards Board’s (IAASB) decision process in relation to future topics to be addressed. Funding for this program has been provided by The Institute of Charted Accountants of Scotland.

The IAAER is delighted to announce a new global call for research to gather independent evidence to inform the IAASB’s crucial standard setting process: IAAER Press Release.