Last week, FAR was present at the EARNet conference in Vienna. During this bi-annual conference, a FAR supported paper by Olof Bik, Tjibbe Bosman and Jan Bouwens won the Best Paper Award with their paper ‘Do Assigned Audit Partners Perform Higher Quality Audits Than Self-Selected Auditors?’
FAR would like to wholeheartedly congratulate the authors with this great achievement!
What is the study about? The study shows that audits are probably of higher quality when the company itself appoints the auditor rather than when an external party does. The reason: more knowledge sharing and closer cooperation between company and auditor, which influences reliable financial reporting.
It was not the first time a FAR-paper wins the bi-annual EARNet award. In 2021, the prize went to Joe Brazel, Anna Gold, Justin Leiby, and Tammie Schaefer for their paper ‘Can audit committee support improve auditors’ application of professional skepticism?
And in 2023 the award went to Sara Bibler, CPA, Tina Carpenter, Margaret Christ and Anna Gold for their paper ‘Thinking Outside of the Box: Engaging Auditors’ Innovation Mindset to Improve Auditors’ Fraud Actions in a Data-Analytic Environment’