Article Accountant: Going concern-verklaring leidt maar zelden tot faillissement
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Other Publications
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24-03-2022
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Een going concern-verklaring leidt maar zeer zelden tot een faillissement. Dat blijkt uit een rapport over de rol van de accountant bij bedrijfscontinuïteit. Dat is gepubliceerd door de Werkgroep Continuïteit, een samenwerking tussen de NBA, SRA en accountantsorganisaties.
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Publication NBA "Rapport werkgroep Continuïteit over rol accountant bij bedrijfscontinuïteit"
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Other Publications
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24-03-2022
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88% van de failliete organisaties deponeert voor het laatste boekjaar geen jaarrekening of 403-verklaring binnen de wettelijke termijn. Dit is een van de belangrijkste conclusies uit het rapport van de Werkgroep Continuïteit, een samenwerking tussen de NBA, SRA en accountantsorganisaties, over de rol van de accountant bij bedrijfscontinuïteit.
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FAR Literature Review: Team learning behaviors in virtual engagement teams
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Iver Wiertz PhD student
Prof. dr. Ann Vanstraelen
Prof. dr. Roger Meuwissen RA
Prof. dr. Wim Gijselaers
Dr. Therese Grohnert
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Literature Reviews
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21-02-2022
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When teams are the prime unit of working and learning in organizations - such as is the case in accountancy firms - they face many challenges to use their potential and achieve their goals. Their business environment can be characterized by complexity and ambiguity. This requires teams to engage in team learning behaviros that allow team members to share their skills, knowledge, information, and point of view to modify team's habits and work procedures depending on what is required.
Understanding how team learning behaviors affect virtual engagement teams is the central research question in the FAR project “Virtual Audit Teamwork: working, learning, and delivering high audit quality virtually." The purpose of this literature review is twofold: On the one hand, the research team aims to provide an overview of available insights on remote work and virtual teamwork in the auditing profession. On the other hand, the team strive to provide an overview of available literature on team learning behaviors in virtual teams to identify drivers and facilitate conditions of team learning in virtual teams. A systematic review of how team learning behaviors are affected by virtual teamwork is still missing, and we know little about how these insights relate to the auditing profession.
Authors
Iver Wiertz PhD student
Prof. dr. Ann Vanstraelen
Ann Vanstraelen is Full Professor of Accounting and Assurance Services at Maastricht University and serves as Head of the department of Accounting and Information Management. She coordinates the multidisciplinary research theme "Culture, Ethics and Leadership". She earned her PhD at the University of Antwerp. Her research interests relate to the broad field of auditing and assurance services, governance, corporate reporting and disclosure, with a specific focus on the quality of accounting and auditing practices.
Prof. dr. Roger Meuwissen RA
Prof. dr. Wim Gijselaers
Wim Gijselaers is full professor in educational research, in the School of Business and Economics at Maastricht University, the Netherlands. His research focuses on educational innovation in higher education, social determinants of team cognition and team performance, and judgment and decision making in management and accounting. His educational development work focused on the further development of Problem-Based Learning within Business Education. Next to teaching in the award-winning Master program Management of Learning, he teaches as visiting professor at the University of Bern (Switzerland) in a post-graduate program for Health Care Professionals. Wim is member of advisory boards of universities in Germany and Switzerland, and serves as chief-editor of the Springer Book Series Innovation and Change in Professional Education. Next, he is affiliated with the consulting firm Learning Miles (based in Helsinki). In this role he has presented workshops for Scandinavian-based companies on topics of Innovation and Change. He was co-founder and chair of the EDINEB network in the Nineties. Next, he was the founding editor of the Springer Book Series Educational Innovation in Economics and Business. He served positions as Program Director of International Business, and Associated Dean of Education. Currently he is chair of the department of Educational Research and Development, at the School of Business and Economics (Maastricht University). Several of his PhD’s received awards for their PhD Thesis, or papers presented at meetings of the American Educational Research Association, the Association for the Advancement of Computing in Education, and the EARLI Special Interest Group 14 “Learning and Professional Development”. Together with Professor Ann Vanstraelen he coordinates the GSBE research project "Culture, Ethics, and Leadership": https://www.maastrichtuniversity.nl/research/institutes/gsbe/gsbe-research.
Dr. Therese Grohnert
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Article in Accountancy van Morgen: Handhaaf het sociale contract
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WP Tjibbe Bosman RA MSc
Merel van der Kuip MSc
Dr. Wim Janssen
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Other Publications
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11-02-2022
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Leveranciers en andere belanghebbenden rekenen erop dat bedrijven hun jaarrekeningen deponeren bij de Kamer van Koophandel. Vele ondernemingen laten deponering achterwege waardoor het onduidelijk is hoe verstandig het is met de betrokken bedrijven zaken te doen.
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WP Tjibbe Bosman RA MSc
Merel van der Kuip MSc
Dr. Wim Janssen
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FAR Research Paper - Bankruptcy and Auditor’s Reporting in The Netherlands
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WP Tjibbe Bosman RA MSc
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Research Paper
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09-12-2021
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The team studied the reporting behavior of Dutch organizations subject to statutory audit in the three years prior to their bankruptcy. They found that only 12 percent of companies file timely audited financial statements or an exemption in the year prior to bankruptcy, 56 percent (64) in year two (three) before the bankruptcy. Second, management discloses discontinuity risks in just 29 percent of the pre-bankruptcy filing. And third, only 11 percent of organizations have a filed audit opinion for the fiscal year prior to bankruptcy. However, for the majority (63 percent or 39 instances out of 62) of audit opinions issued for the fiscal year before the insolvency, the auditor did not include a material uncertainty relating to going concern (GCO) in its audit opinion and therefore constitute a type-II GCO error (error of omission). They estimate the total GCO type-II (I) error rate at 0.03 (99.26) percent of audit opinions issued.
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WP Tjibbe Bosman RA MSc
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6th FAR International Conference booklet
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Prof. dr. Ann Vanstraelen
Dr. Ulrike Thürheimer
Prof. dr. Reggy Hooghiemstra
Prof. dr. Eddy Cardinaels
Dr. Evelien Reusen
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Conference Proceedings
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30-11-2021
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On June 21, 2021, the Foundation for Auditing Research (FAR) organized its annual conference. Forced by the global health conditions the conference was organized online. That did not stop professionals and practitioners from signing up, for we welcomed 200 audit research enthusiasts, from all over the world. The audience was comprised of 50 percent academic researchers, 35 percent were practicing auditors and the other 15 percent were a mix of regulators, standard setters, and other interested parties.
The conference consisted of four sessions. The first three presentations were related to FAR studies. The fourth study was about a recent integrity study, based on American data. The overarching theme of the conference was ‘The Human Factor’, stressing the important fact that human influence can lead to both improvements as well as deterioration of audit quality.
Authors
Prof. dr. Ann Vanstraelen
Ann Vanstraelen is Full Professor of Accounting and Assurance Services at Maastricht University and serves as Head of the department of Accounting and Information Management. She coordinates the multidisciplinary research theme "Culture, Ethics and Leadership". She earned her PhD at the University of Antwerp. Her research interests relate to the broad field of auditing and assurance services, governance, corporate reporting and disclosure, with a specific focus on the quality of accounting and auditing practices.
Dr. Ulrike Thürheimer
Ulrike joined the School of Accounting at UNSW Sydney in August 2020. Prior to that, she completed her PhD in Auditing at Maastricht University, the Netherlands. Ulrike's research centers around audit quality. She is interested in how inputs to the audit, the audit process and contextual factors affect audit production and audit quality. Specifically, her research investigates the quality of group audits, the effectiveness of public oversight and auditor's incentives from regulation and litigation.
Prof. dr. Reggy Hooghiemstra
Reggy Hooghiemstra is a professor at the University of Groningen. He has published on a wide variety of topics including board processes, corporate governance, the role of culture in auditing and accounting, and impression management. His papers have appeared in both management (e.g., Journal of Management, Journal of Business Ethics) and accounting journals (e.g., Auditing: Journal of Practice and Theory, European Accounting Review).
Prof. dr. Eddy Cardinaels
Eddy Cardinaels (1975) is full Professor of accounting at Tilburg University and part-time professor at KU Leuven. His work combines new insights from psychology and behavioral economics to study how different information presentation (ABC, BSC, summaries of earnings releases) can affect decision making of managers within companies. Other experimental work focuses on drivers of honest reporting and social motives in inter-firm negotiations. He also conducts archival work on corporate governance examining how social connections between board members affect financial reporting, how companies use their networks to engage in tax avoidance and factors that drive (excess) compensation.
Dr. Evelien Reusen
Evelien Reusen obtained her PhD at KU Leuven and is currently Associate Professor in Management Accounting at RSM.
Evelien’s research concentrates on the role of control, cooperation and trust, in both intra- and interorganizational settings.
Her work has been published in Accounting, Organizations, and Society and The Journal of Supply Chain Management.
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FAR Literature Review: Engaging auditors’ innovation mindset to mitigate goal conflict and improve audit effectiveness with data analytics - thinking outside of the box
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Prof. dr. Anna Gold
Ass. Prof. Tina D. Carpenter
Prof. Margaret H. Christ
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Literature Reviews
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18-10-2021
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Prof. dr. Anna Gold
Anna Gold is Professor of Auditing at Vrije Universiteit Amsterdam and Adjunct Professor at Norwegian School of Economics (NHH). She earned her PhD at the University of Amsterdam. Her research interests are in the judgment and decision-making area, primarily applied to the field of auditing. Her research has focused on the impact of regulatory changes (e.g., fraud consultation, audit firm rotation, and auditor reporting standard changes) on judgments and decisions of auditors, preparers, and financial statement users. She has also examined how auditors and audit firms manage errors and whether varying the error management climate affects auditors’ error reporting willingness and learning. Her current work focuses on how auditors use specialist advice, the communication between auditors and audit committees, and auditors’ use of audit technology.
She has published her research in outlets such as The Accounting Review, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons, Journal of Business Ethics, and International Journal of Auditing. Professor Gold currently serves as editor at The Accounting Review (2020-2023) and Maandblad voor Accountancy en Bedrijfseconomie (since 2018). She is a member of the editorial board of Auditing: A Journal of Practice and Theory.
Ass. Prof. Tina D. Carpenter
Prof. Margaret H. Christ
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Retaining the learning professional: A survival study on workplace learning in professional service firms
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Dr. Therese Grohnert
Prof. dr. Roger Meuwissen RA
Prof. dr. Wim Gijselaers
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Other Publications
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08-09-2021
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Lowering professional turnover is of paramount importance for professional service firms, as with each professional, crucial proprietary knowledge leaves the firm. Based on the need to retain this crucial knowledge in the firm, this study explores whether factors that drive learning at work also mitigate professionals' turnover behavior. Building on insights from both workplace learning and turnover research, this study follows 96 professional auditors across a period of 5 years to determine how drivers for workplace learning at the organizational, the social interaction, and the individual level relate to turnover behavior.
Authors
Dr. Therese Grohnert
Prof. dr. Roger Meuwissen RA
Prof. dr. Wim Gijselaers
Wim Gijselaers is full professor in educational research, in the School of Business and Economics at Maastricht University, the Netherlands. His research focuses on educational innovation in higher education, social determinants of team cognition and team performance, and judgment and decision making in management and accounting. His educational development work focused on the further development of Problem-Based Learning within Business Education. Next to teaching in the award-winning Master program Management of Learning, he teaches as visiting professor at the University of Bern (Switzerland) in a post-graduate program for Health Care Professionals. Wim is member of advisory boards of universities in Germany and Switzerland, and serves as chief-editor of the Springer Book Series Innovation and Change in Professional Education. Next, he is affiliated with the consulting firm Learning Miles (based in Helsinki). In this role he has presented workshops for Scandinavian-based companies on topics of Innovation and Change. He was co-founder and chair of the EDINEB network in the Nineties. Next, he was the founding editor of the Springer Book Series Educational Innovation in Economics and Business. He served positions as Program Director of International Business, and Associated Dean of Education. Currently he is chair of the department of Educational Research and Development, at the School of Business and Economics (Maastricht University). Several of his PhD’s received awards for their PhD Thesis, or papers presented at meetings of the American Educational Research Association, the Association for the Advancement of Computing in Education, and the EARLI Special Interest Group 14 “Learning and Professional Development”. Together with Professor Ann Vanstraelen he coordinates the GSBE research project "Culture, Ethics, and Leadership": https://www.maastrichtuniversity.nl/research/institutes/gsbe/gsbe-research.
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Is de kwaliteit van de accountantscontrole gestegen?
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Christian Peters PhD student
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Other Publications
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08-09-2021
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De kwaliteit van wettelijke accountantscontroles in Nederland is al een aantal jaren onderwerp van een verhitte discussie. Zowel het kabinet, accountantsorganisaties, de Nederlandse Beroepsorganisatie van Accountants (NBA), als de Autoriteit Financiële Markten (AFM) hebben vergaande verbetermaatregelen aangekondigd om te werken aan een betere controlekwaliteit. Dit roept de vraag op hoe het met de controlekwaliteit in Nederland gesteld is en hoe deze zich in de afgelopen jaren heeft ontwikkeld. Controlekwaliteit is een complex en veelzijdig begrip dat bestaat uit een input-, proces-, en uitkomstniveau. In dit onderzoek richt ik mij op het uitkomstniveau van wettelijke controles: de verslaggevingskwaliteit van de gecontroleerde jaarrekening. Ik doe dit op basis van een veelgebruikte maatstaf uit de wetenschappelijke literatuur: discretionaire accruals. Resultaten tonen aan dat de uitkomstkwaliteit van wettelijke controles van beursvennootschappen in de periode 2000–2018 significant is gestegen.
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Christian Peters PhD student
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FAR Practice Note: Workload allocation process within audit firms
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Prof. dr. Eddy Cardinaels
Ruiqiong Zhang PhD student
Ass. Prof. Amin Sofla
Ass. Prof. Simon Dekeyser
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Practice Notes - Practitioner's Notes
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20-07-2021
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Context: Audit firms rely heavily on their intellectually skilled auditors, who manage and lead the engagement team (so-called ‘lead auditors’ in this project). To deliver high-quality audit services to their clients and to offer opportunity for auditors to learn, audit firms should try to achieve proper matching between their clients and the auditors based on compatibility between them. Appropriate matching can constitute a difficult exercise as both the lead auditors and clients may have an important stake that encourages them to intervene in the allocation process. Such interventions may affect the level of audit quality that the audit firm is able to deliver when clients and auditors are not appropriately matched.
Objective and method: The objective of this research is to understand how audit firms determine the lead auditor-client pair in terms of appropriate matching. Given that such allocations take place in a work environment where lead auditors and clients have their own demands and as such can intervene in this process, this research further aims to identify the lead auditors’ motivations for intervening in this process. We will conduct semi-structured interviews with lead auditors and planning department staff of audit firms to address our research questions.
Authors
Prof. dr. Eddy Cardinaels
Eddy Cardinaels (1975) is full Professor of accounting at Tilburg University and part-time professor at KU Leuven. His work combines new insights from psychology and behavioral economics to study how different information presentation (ABC, BSC, summaries of earnings releases) can affect decision making of managers within companies. Other experimental work focuses on drivers of honest reporting and social motives in inter-firm negotiations. He also conducts archival work on corporate governance examining how social connections between board members affect financial reporting, how companies use their networks to engage in tax avoidance and factors that drive (excess) compensation.
Ruiqiong Zhang PhD student
Ass. Prof. Amin Sofla
Ass. Prof. Simon Dekeyser
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FAR Literature Review - Workload allocation process in audit firms
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Prof. dr. Eddy Cardinaels
Ruiqiong Zhang PhD student
Ass. Prof. Amin Sofla
Ass. Prof. Simon Dekeyser
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Literature Reviews
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20-07-2021
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While the allocation of human resources in audit firms is an important research topic, it has received scant research attention to date. Ideally, when audit firms aim at improving audit efficiency and effectiveness, audit firms should properly assign their clients to auditors who manage and lead the engagement team (so-called ‘lead auditors’ in this project) based on the auditor’s expertise level, industry specialization and other relevant factors that benefit audit efficiency and quality (Becker, 1974; Chatain & Meyer-Doyle, 2012; Durlauf & Seshadri, 2003). However, lead auditors and clients alike may have their own preferences whereby they try to intervene in the allocation process. These interventions may hamper audit quality and efficiency because other factors than proper matching enter into the allocation process. Prior research on workload allocation mainly focuses on the allocation of audit hours to specific audit engagements across staff ranks and how time pressure related to audit assignments may deteriorate audit quality. Only few studies explore the workload allocation process in terms of assigning clients to lead auditors and the consequences of this assignment for audit quality.
Our project focuses on a number of factors related to the allocation of lead auditors within the audit firms.
Authors
Prof. dr. Eddy Cardinaels
Eddy Cardinaels (1975) is full Professor of accounting at Tilburg University and part-time professor at KU Leuven. His work combines new insights from psychology and behavioral economics to study how different information presentation (ABC, BSC, summaries of earnings releases) can affect decision making of managers within companies. Other experimental work focuses on drivers of honest reporting and social motives in inter-firm negotiations. He also conducts archival work on corporate governance examining how social connections between board members affect financial reporting, how companies use their networks to engage in tax avoidance and factors that drive (excess) compensation.
Ruiqiong Zhang PhD student
Ass. Prof. Amin Sofla
Ass. Prof. Simon Dekeyser
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FAR Literature Review: Management control in auditing firms and its implications for managing coexisting objectives
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Drs. Sander Tiggelaar PhD student
Prof. dr. ir. Paula van Veen-Dirks
Prof. Breda Sweeney
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Literature Reviews
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16-07-2021
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While many organisations have coexisting goals, this is particularly true for auditing firms as they focus on professional as well as commercial objectives. Many studies find that auditing firms’ management control systems play a key role in the context of managing these professional and commercial objectives. While previous research increases our understanding of the relationship between the management control system and auditor behaviour, it typically only incorporates results-based controls (also referred to as output, diagnostic or cybernetic controls) such as the evaluation of financial performance. This stands in contrast to a large body of research which highlights that the management control system in auditing firms focuses relatively strongly on value-based controls (also referred to as socio-ideological or cultural controls) such as common beliefs and informal communication as well as on controls based on mentoring and training.
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Drs. Sander Tiggelaar PhD student
Prof. dr. ir. Paula van Veen-Dirks
Prof. Breda Sweeney
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