FAR Newsletter: FAR awards first tombstone, upcoming masterclasses & FAR Vacancy

18 November 2019

In this newsletter:  

• Upcoming FAR Masterclasses - 9 December 2019 & 2 April 2020
• FAR practice note: 'The Effect of Audit Culture on Audit Quality'
• FAR awards first tombstone for successful archival data delivery
• FAR Vlog#2 with Anna Gold: ‘How can audit committee support improve auditor’s applications of professional skepticism?’
• Introduction of new FAR employee Joris Roosen, FAR Program Coordinator
• New vacancy: Management Assistant “Foundation for Auditing Research”

Upcoming FAR Masterclasses - 9 December 2019 & 2 April 2020

Going Concern Opinions (GCOs) in Theory & Practice – 9 December 2019

FAR Masterclass by Marshall Geiger (University of Richmond), Anna Gold (Vrije Universiteit Amsterdam) and Philip Wallage (VU University Amsterdam and University of Amsterdam). Topics that will be discussed include the interaction between audit teams and the firms’ GCO panel, the effectiveness of predictive models, and whether GCOs can be seen as a self-fulfilling prophecy. For more information and registration, click here.

The impact of auditor interactions on audit quality – 2 April 2020

On 2 April 2020 the FAR will organize a Masterclass on 'The impact of auditor interactions on audit quality’ by Prof. dr. Eddy Cardinaels (Tilburg University) and Prof. dr. Kristof Stouthuysen (KU Leuven). For more information and registration, click here.

FAR practice note: 'The Effect of Audit Culture on Audit Quality'

By Jasmijn Bol, Tulane University, Isabella Grabner, WU Vienna, Katlijn Haesebrouck, Maastricht University and Mark E. Peecher, University of Illinois at Urbana-Champaign.

In this practice note, the researchers discuss why designing a management control system that directs effort towards audit quality is so tricky. They discuss the different ways that audit firms motivate effort and highlight “culture controls”. Where through selection and socialization, audit firms create a workforce of auditors that value and, therefore, work hard to ensure audit quality. They also discuss the importance of directing auditors’ efforts towards audit quality. This provides firms with the knowledge to critically examine and improve their own current management control system. This study is relevant for Dutch audit firms as well as for auditors all over the world. To read the practice note, click here.

FAR awards first tombstone for successful archival data delivery

To acknowledge the people involved in gathering data, FAR decided to award Tombstones for successful delivery of high-quality archival data. The first of these tombstones was rewarded to Chantal de Bruin of Deloitte. Read more on our website. 

FAR Vlog#2 with Anna Gold: ‘How can audit committee support improve auditor’s applications of professional skepticism?’

Recently FAR interviewed Anna Gold, professor of auditing at the Vrije Universiteit Amsterdam and adjunct professor at the Norwegian School of Economics in Bergen. In this FAR Vlog she talks about the project that she is working on with Justin Leiby (Illinois USA) Joseph Brazel (North Carolina State University) and Tammie Schaefer (University of Missouri) about ‘How can audit committee support improve auditor’s applications of professional skepticism?’.

Watch the full video on our website.   

Introduction of new FAR employee Joris Roosen, FAR Program Coordinator

Since September 2019 Joris Roosen has been working as a program coordinator for the Foundation for Auditing Research. His day-to-day tasks revolve mainly around the gathering, archiving and disseminating of (archival) audit data. Want to know more about Joris? Read his introduction here.

New vacancy: Management Assistant “Foundation for Auditing Research”

We are looking for a proactive Management Assistant to support the (daily) management at the FAR. For more info, click here (Dutch) 

Do you have suggestions on how to improve our newsletter or news you would like to share with us? Please let us know by sending an email to info@foundationforauditingresearch.org