Governance and Organization
The Foundation for Auditing Research is established as an autonomous foundation in the Netherlands. FAR is open to all audit practices, both large and small as well as auditors in business and government. Audit firms and departments can affiliate with FAR if they provide data access and commit to an annual grant of EUR 50.000 or more. Other parties wanting to contribute, either by providing research data or financial means, are welcome as sponsors. Such commitments are for an initial 5-year period.
The eight largest audit firms in the Netherlands have taken the initiative to provide the necessary research funds and research data for FAR. Deloitte, EY, KPMG, PwC and Baker Tilly Berk, BDO, Grant Thornton and Mazars jointly, have committed a total of EUR 1.5 million per year for the coming 5 years, with mid-term evaluation of FAR’s performance.
The Board of FAR consists of an independent chair, four independent academic board members, and board members representing the affiliated audit firms. In the event of a tie, the Chair of the board shall have the casting vote (i.e., the independent chair and the independent academic board members jointly hold the majority of board votes, likewise do the independent chair and the board members representing the affiliated audit firms).
Please click here for the Articles of Association (currently Dutch only).
The board consists of the following board members:
|Dr. O.(Olof) P.G. Bik RA||Academic board member and managing director|
|Prof.dr. J. (Jan) F.M.G. Bouwens||Academic board member and managing director|
|Prof.dr. W.(Willem) F.J. Buijink||Academic board member|
|Prof. drs. E. (Egbert) Eeftink RA||Board member representing KPMG|
|Drs. J. (Jeroen) F.M. Kamphuis RA||Board member representing EY|
|Drs. P. (Peter) A.J. Hopstaken RA||Board member representing Baker Tilly Berk, BDO, Grant Thornton and Mazars|
|Prof.dr. W.R. (Robert) Knechel||Academic board member|
|Prof.dr. H. (Henriëtte) M. Prast||Chair of the board|
|Drs. M. (Michael) de Ridder RA||Board member representing PwC|
|M. (Marco) J. van der Vegte RA||Board member representing Deloitte|