In this newsletter:

  • How to prevent “The Loss of Talent”: Masterclass report
  • Quality is theme at the 3rd FAR International Conference: press release
  • Join the FAR Organization: Interesting vacancies
  • FAR Board Member Robert Knechel receives honorary doctorate
  • Summer read: when is audit quality sufficient and who determines this?

Report of FAR Masterclass on May 16 2018: “What do we already know about…? The Loss of Talent”

Mentor is the key figure for retaining young talent.

The high turnover in the auditing practice puts the quality of audits under pressure, undermining the investments in human capital and leading to a future leadership vacuum. During the FAR Masterclass, representatives of theory and practice discussed an effective approach to counterbalance this potential loss of talent. The essence: identify talent earlier, more managers with tacit knowledge, reintroduce on-the-job training and help mentors give constructive feedback.

For the full report please visit our website.

Quality is theme at the 3rd Conference of the Foundation for Auditing Research

Broader vision and deep knowledge stimulate vision on audit quality

Breukelen, 7 June 2018 – Different perspectives provide different insights about the audit profession. Understanding each other’s vision and everyone’s role in the entire financial reporting and assurance supply chain, finding a common language, and opening a dialogue about the working disciplines within the audit profession helps to stimulate quality. The exchange of knowledge and experience at the 3rd conference of the Foundation for Auditing Research (FAR), held on 5 and 6 June at the Nyenrode Business University estate, supported this. That was one of the conclusions at the closing of the conference.

Please click here for the full press release.

Join FAR: Interesting vacancies

In order to more actively support the growing FAR Organization in terms of daily management and knowledge dissemination, we currently have two outstanding vacancies, for which we are starting interview rounds soon:

FAR Board Member receives honorary doctorate

It gives us great pleasure and pride to announce that our esteemed board member Prof. dr. Robert Knechel has been awarded an honorary doctorate from the BI Norwegian School of Business this June, in recognition of his significant contributions to the field of accounting.

Please click here for the full press release.

Summer read: when is audit quality sufficient and who determines this?

“The most basic norm for any accountant is represented by the fundamental principles of integrity, objectivity, professionalism, expertise, due care and confidentiality. The ‘norm’ for audit quality supplements these princi­ples, which means it is important for it to be as transpa­rent as possible.”

With the title “The crux of the matter”, the authors of this NBA whitepaper try to answer the question: “when is audit quality sufficient and who determines this?”

NBA Whitepaper on Audit Quality:

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