Informing the IAASB
Key Research Into Global Audit Issues Is Announced (funded by ACCA)
- Original Call for Proposals
- ACCA/IAAER/IAASB Grant Recipients Announcement
- International Symposium on Audit Research (ISAR), June 24-25, 2010: Singapore
- IFAC Press Release: IAASB Welcomes New Auditing Research Initiative
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
ACCA
- Barry Cooper, Council Member and Chair, ACCA Research Committee
- Arnold Schilder, Chair
- David York, Head of Auditing Practice
- Caroline Oades, Head of Research
Informing the IAASB Standard Setting Process IAAER – KPMG Research Opportunities – Round 2
The International Association for Accounting Education and Research (IAAER), in collaboration with the KPMG Foundation and KPMG International, is pleased to announce our Research Informing the IAASB Decision Process grant recipients. Four research grants of $25,000 (U.S.) each have been awarded for the following research projects:
A Study of Skepticism Traits in Auditing Financial Statements
Takiah Mohd Iskandar (Universiti Kebangsaan Malaysia)
Sayed Alwee Hussnie Sayed Hussin (National Audit Department of Malaysia)
Norman Mohd Saleh (Universiti Kebangsaan Malaysia)
and Romlah Jaafar (Universiti Kebangsaan Malaysia)
An Examination of the Implications of Integrated Reporting on Investor Judgment
Diane Janvrin (Iowa State University)
William Dilla (Iowa State University)
Jon Perkins (Iowa State University)
and Robyn Raschke (University of Nevada – Las Vegas)
Auditors’ Materiality Judgments under Integrated Reporting: the Impact of Strategic Significance of Reported
Information and Integrativeness of Performance Information Systems
Mandy Cheng (University of New South Wales)
and Wendy Green (University of New South Wales)
Hindsight Bias and Professional Skepticism: Does the End Justify the Means?
Joseph Brazel (North Carolina State University)
Tammie R. Schaefer (University of South Carolina)
and Bryan W. Stewart (University of South Carolina)
The Informational Value of Emphasis of Matter Paragraphs and Auditor Commentaries:
Evidence from Eye-tracking Studies
Louis-Philippe Sirois (HEC Montréal)
Palash Bera (Saint Louis University)
Jean Bédard (Laval University)
and Anand Jha (Texas A&M University)
Funding for this program is provided by the KPMG Foundation and KPMG International. Funded projects will be
showcased at two events in London involving representatives from the IAASB and renowned accounting researchers.
For more information contact Donna Street at dstreet1@udayton.edu.
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.
