In this newsletter:
>     “The Loss of Talent”: Next FAR Masterclass on 16 May 2018
>     Join the FAR International Conference 2018 (5 and 6 June)
>     FAR welcomes Flynth as affiliate
>     Interesting articles for your lunch break

How do you prevent the loss of young talented auditors? Join the next FAR Masterclass to manage your human capital
We cordially invite you to the FAR Masterclass about “What do we already know about…? The Loss of Talent – a Threat to Audit Quality” on Wednesday 16 May 2018 at Nyenrode Business Universiteit in Breukelen, the Netherlands (welcome at 13:30 and closing drinks at 17:00). In this masterclass one of the FAR Research Teams, Frank Moers and Judith Künneke, will share their scientific insights on the drivers of potential talent loss and its consequences in terms of audit quality. Besides the detrimental effects on audit quality, talent loss is incredibly costly for organizations that rely on knowledge workers. In audit firms, highly trained employees usually leak out after the organization has incurred the major part of the training cost, thereby generating high replacement costs. To counterbalance these consequences, it is important for team leaders, managers, and human resources to understand how to manage and positively influence talent. Based on their insights and interactive (table group) discussions, we aim for a mutually informative exchange between auditing practice and research on this topic.

Who should attend?
The FAR Masterclass, chaired by Olof Bik, is of interest to audit practitioners and firm management, auditing standards setters, audit supervisors, auditing students, auditing teachers and audit scientists. The masterclass is open to everyone working in the field of accountancy, free of charge and will be provided in Dutch. Participants of the masterclass can apply for Dutch credits for permanent education (PE hours).

Register today
Please note that registration is required to participate. Join this interactive session and register now by clicking the button below. Closing date is Sunday 13 May 2018 at 23:59.

3rd International FAR Conference: “Moving the Audit Profession Forward – New Research and Best Practices”

Flynth joins the group of FAR-affiliated firms
We are proud to announce that Flynth joined FAR as affiliated firm as of 1 January 2018. Flynth is one of the largest accountancy and advisory firms in the Netherlands, and with over 1,400 employees, provides services to medium- and small-sized companies. Marcel Blöte, director at Flynth, about FAR: “It would be a shame for both the broad auditing profession, as well as for commercial and public organizations, when scientific knowledge is exclusively attributable to one specific segment. As auditor for medium-sized and smaller organizations, we also experience the drive for quality and the necessity to make scientific knowledge applicable to ourselves, our clients and thus to society as a whole. Within the segment in which we operate, we find our own formal and cultural needs and, other than in multinationals, different aspects play a role. These needs should also be given a place in the innovative scientific research agenda of FAR, and our involvement will contribute to this goal.”

Please read the full press release here.

Interesting articles for you to read

  • De article from Willem Buijink about “We moeten retoriek bestrijden!” (in Dutch only). In this article Willem Buijink underlines the importance of academically informing the professional and public debate in accountancy (to prevent rhetoric) and calls for strengthening the transfer of knowledge between science and practice.
  • FAR response to the Green Paper Structure Models and article about “Rondetafel structuurmodellen: niet alleen zwart-wit” (in Dutch only). FAR has been invited to participate in the round table discussion on audit firm business models organized by the Steering Committee Public Interest of the Dutch professional body of accountants. FAR shared details on current FAR Research that already informs this debate on a scientific basis, and suggested two new research projects (natural experiments).
  • Financial Times article from Jan Bouwens about “Evidence does not support ‘conflict of interest’ worries”. Jan Bouwens reflects on the question: is it appropriate to have the same firm deliver both audit and non-audit services? Does the existence of both services within the same firm enhance or undermine audit quality (i.e., the relative balance of expertise versus independence)?

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