Newsletter August 2020
31 August 2020
Online FAR Masterclass by Professor Jasmijn Bol on "The effect of audit culture on audit quality"
On Friday, 16 October 2020, from 4:00 – 5:30 pm CET, FAR organizes an online Masterclass by Jasmijn Bol, who is a Professor at Tulane University.
In business, employees are one of the most important drivers of success. Audit firms, in particular, rely greatly on employee cooperation and know-how to achieve organizational objectives. As a result, smart audit firms motivate and guide staff members to organizational goals. Without proper motivation and guidance, employees take actions that may not enhance organizational value or may even take actions that destroy value. Importantly, this does not necessarily suggest that they engage in fraud or intentional negative behavior, because value also evaporates, for example, when employees simply prioritize the wrong actions on a busy day. To mitigate these motivation and direction concerns, effective audit firms use a management control system. In this research study, the project team examines how Dutch audit firms use their management control system to motivate and direct auditors’ efforts towards audit quality.
The Masterclass will be open for registration soon, we will announce this on our website and LinkedIn page.
Q&A follow up session FAR Conference with Prof. dr. Anna Gold and Dr. Tammie Schaefer
The audience participation during our online conference was so vibrant, that there was not sufficient time to answer all the questions raised during the separate sessions.
In this follow-up Q&A, Prof. dr. Anna Gold (Vrije Universiteit Amsterdam) and Dr. Tammie Schaefer (UMKC Henry W. Bloch School of Management) address all remaining questions that were posed during their session on audit committee support and professional skepticism:
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The full conference presentation (with live Q&A led by Rick Dekker and Marnix Pouw MSc Pouw of Deloitte) can be found here.
For the conference summary, including presentation slides and video’s, please visit the FAR website.