Main programme IAAER congres Programme Tuesday, June 19 2012 Time 17.30 – 19.00
Programme Welcome reception and pre-conference registration
Location VU University Amsterdam De Boelelaan 1105 1081 HV Amsterdam
Main programme, Wednesday, June 20 2012 Time 09.00- 10.00
Programme Registration
10.00
Words of welcome and opening of the conference
Location VU University Amsterdam De Boelelaan 1105 1081 HV Amsterdam Auditorium
10.10 - 11.15
Frans van der Wel VU University, Chair Opening plenary session
Auditorium
Hans Hoogervorst Chair International Accounting Standards Board (IASB)
11.15 - 11.45
Mary E. Barth Professor of Accounting at the Stanford University, Graduate School of Business (GSB) Coffee and tea break
11.45 - 13.15
Symposium 1: Accounting estimates and earnings management
Auditorium
11.45 - 13.15
Parallel sessions 1
Agora rooms
11.45 - 13.15
Parallel session ACCA grants IAASB
Stoa room
13.15 - 14.00
Lunch
14.00 - 15.30
Symposium 2: IFRS Framework-based teaching
Auditorium
14.00 - 15.30
Parallel sessions 2
Agora rooms
15.30 - 16.00
Coffee / tea break
16.00 - 17.30
Symposium 3: Global development in Accountancy Education
Auditorium
16.00 - 17.30
Parallel sessions 3
Agora rooms
16.00 - 17.30
HEC Montreal IFRS Case Competition
Stoa room
19.30 - 22.30
Network dinner
West Indisch Huis (West India House) Herenmarkt 99 1013 EC Amsterdam
Main programme Thursday, June 21 2012 Time 08.00 – 09.00
Programme Coffee and tea
09.00 – 10.30
Plenary session:
Location VU University Amsterdam De Boelelaan 1105 1081 HV Amsterdam Auditorium
Arnold Schilder Chairman International Auditing and Assurance Standards Board (IAASB) W. Robert Knechel Professor of Auditing, University of Florida Barbara Majoor Partner Deloitte and Professor in Accountancy, Nyenrode Business University 10.30 - 11.00
Coffee / tea break
11.00 - 12.30
Symposium 4: Integrated reporting
Auditorium
11.00 - 12.30
Parallel sessions 4
Agora rooms
12.30 - 13.30
Lunch
13.30 - 15.00
Symposium 5: Audit Quality
Auditorium
13.30 - 15.00
Parallel sessions 5
Agora rooms
15.00 - 15.30
Closing plenary session and wrap up
Auditorium
15.30 - 16.30
Closing reception and goodbyes
Abstracts plenary sessions
Opening Plenary Session: Wednesday, June 20 2012, 10.10 – 11.15 , Auditorium : Financial Accounting
In the opening plenary session of this conference Hans Hoogervorst, chairman of the IASB, will give his views on the standards, issued by the IASB. Are the standards clear and rigorous enough? And what about the application of the standards in practice? Should the accounting rules be changed or is it primarily a matter of fair application of the rules? And if standards should be changed, what should the influence be of the political arena? Mary Barth will give her view on these issues from an academic point of view, but also as a former member of the IASB.
Second Day Plenary Session: Thursday June 21, 09.00 – 10.30, Auditorium: Auditing
Arnold Schilder and Robert Knechel will reflect on the criticism on auditors. Both will reflect on the reforms of the profession, as proposed by the European Commission. Arnold Schilder will primarily do this from the perspective of the regulator, whereas Robert Knechel will give his view from a more academic point of view; he will especially address research that has been performed on the effect of reforms in countries where such reforms have been implemented in the past. Barbara Majoor will discuss the issue of broadening the scope of auditing, especially with respect to the quality of risk reporting by companies.
Abstracts symposia Wednesday, June 20: Note: All symposia will take place at the Auditorium. 11.45 – 13.15
Symposium 1: Accounting estimates and earnings management
Paul Munter, Partner KPMG US (Chair) Jan Bouwens, Professor of Accounting, Faculty of Economics and Business Tilburg University Paul Pacter, Member of the IASB Katherine Schipper, Professor of Business Administration at Duke University
In this symposium under the chairmanship of Paul Munter the relationship between accounting estimates and earnings management will be explored. Paul Pacter will give an overview of accounting estimates under current IFRS. Katherine Schipper will present conclusions that can be derived from the widespread empirical research on earnings management. Jan Bouwens will present his empirical research on the ethics of earnings management.
14.00 - 15.30
Symposium 2: IFRS Framework-based teaching
Donna Street, Professor of Accounting at the University of Dayton (Chair) Mary E. Barth, Professor of Accounting at the Stanford University, Graduate School of Business (GSB) Ann Tarca, Academic Fellow, IFRS Education Initiative, IASB Mike Wells, Director, IFRS Education Initiative, IASB The workshop demonstrates the benefits of the Framework-based approach for teaching IFRS and introduces tools and techniques to carry out Framework-based teaching. Three experienced IFRS teachers will explain the rationale for, and the benefits of, a Framework-based approach. They will describe the link between objectives, concepts, principles and rules in IFRS and explore when and how judgements and estimates are used in IFRSs.
16.00 - 17.30
Symposium 3: Global development in Accountancy Education
Belverd Needles, Professor of Accounting, School of Accountancy DePaul University Chicago (Chair) Catalin Albu, Lecturer at the Economics Studies Academy, Bucharest, Romania. Gert Karreman, visiting professor Accountancy Education Leiden University, DePaul University Chigago David McPeak, Senior Technical Manager International Accounting Education Standards Board IFAC Leslie Stainbank, Professor of Accounting University of Kwazulu-Natal Durban.
The symposium consists of the following contributions: David McPeak, IFAC Education Standards Board, Gert Karreman, Research project 2012 on Global Accountancy Education (GAE) 2012, Lesley Stainbank, South Africa and Southern Africa, Catalin Albu, Romania and the Balkan Region. Thus, two participants will take a global perspective and two will take a regional perspective. The symposium will start with a very short overview of "Global Coordination of Accountancy Education". Then each speaker will emphasize the educational developments in accounting education from their perspective or part of the world, with a focus on the influence, or lack thereof, of International Accounting Education Standards set by the IAESB. The presentations will cover opportunities and challenges faced by various stakeholders in designing, adopting and implementing standards for professional accountancy education.
Abstracts symposia Thursday, June 21: 11.00 - 12.30
Symposium 4: Integrated reporting
Nancy Kamp- Roelofs, Ernst & Young Executive Director Corporate Responsibility (Chair) Karen Maas, Assistant-professor Erasmus Business School of Economics Rotterdam Ian Thompson, Member Board International Integrated Reporting Committee
Nancy Kamp-Roelofs, Karen Maas and Ian Thompson discuss recent developments in Integrated Reporting. Leading professional accountancy institutions, think-tanks, standard setters, accountancy firms and business leaders have banded together to re-invigorate the long established concept of integrated reporting. Integrated reports should provide an account of an organisation's commercial, social and environmental impacts and it is suggested that they will provide users with a bigger and better picture of the organisation than current reporting practices. Integrated reports are intended to report on strategies, governance, operational performance and sustainability impacts as well as providing enhanced transparency via financial, evidence-based and narrative reporting practices. There is a justifiable concern that the proposed integrated report (like many other accounting-sustainability hybrids) may mistranslate sustainability into a series of unsustainable accounting practices, misclassifying unsustainable actions/consequences as sustainable resulting in a perpetuation and legitimation of the unsustainable strategic trajectories of many businesses.
13.30 – 15.00
Symposium 5: Audit Quality
Philip Wallage, Partner KPMG The Netherlands, Professor of Auditing at the University of Amsterdam and the VU University (Chair) Holger Erchinger, Partner KPMG US Paul Koster, Chief Executive Dubai Financial Services Authority Anne Loft, Professor of Accounting at Lund University in Sweden In a historical perspective audit quality has been important from the early days of the profession and has gained relevance ever since. The basis of the profession is the need for accountability, transparency and trust. Public exposure of substandard work by accountants and auditors is one of the reasons for the lack of trust in the profession itself. Self regulation of the profession has been replaced by principle based regulation for monitoring audit quality and more and more there is a tendency towards rule based regulation. Oversight bodies with authority over audit quality of the profession have been appointed worldwide and are quite active in their monitoring responsibility.. It seems however that public trust in the profession is not yet re-established. What is the future for monitoring and safeguarding high level audit quality? The speakers of the symposium will make a contribution in this discussion.
Abstracts specific parallel sessions
Parallel session ACCA grants IAASB, Wednesday June 20 2012, 11.45 – 13.15, Stoa room
In this session two papers will be presented that have been selected for the IAASB ACCA funded grant program. 1. Robert Debreceny, Stephanie Farewell, Hans Verkruijsse: Financial statement user perception of alternative forms of assurance on XBRL: an experimental investigation In this study we experimentally investigate investor’s perceptions of seven potential forms of XBRL assurance. Two inherently different investor populations (individual investors in the USA and The Netherlands) serve as participants in this online investigation. While there is some variation between the two countries, we find that investors do differentiate between the assurance or audit reports that explicitly exclude or include consideration of XBRL. 2. Joost van Buuren, Christopher Koch, Niels van Nieuw Amerongen, Arnold Wright: The Use of Business Risk Audit Perspectives by Non-big 4 Audit Firms Joost van Buuren Nyenrode Business Universiteit Christopher Koch University of Mannheim, Germany Niels van Nieuw Amerongen Nyenrode Business Universiteit Arnold Wright Northeastern University, Boston, United States
This study investigates the role of business risks in the audit of small and medium-sized entities (SMEs) by small and medium-sized audit practices (SMPs). The European Commission (2010, 2011) questions whether the current auditing standards, including business risk analysis, are sufficiently proportional for SME audits. We examine factors that explain the extent of use of business risk perspectives in the audit. Our results, based on interviews with 38 Dutch and German SMP’s, indicate that the complexity of the audited entity is an important factor in applying business risk perspectives. Also regulatory enforcement by supervisory authorities increases the (at least formal) use of business risk perspectives. Furthermore, audit expectations (e.g., the tax focus in Germany) result in a lower level of application of business risk analyses by SMP’s. We also observe that the lack of experience with the business risk methodology is a significant threshold to apply it. Finally, SMP’s feel that they need at least 2-3 years of auditor tenure, in order to perform a high quality business risk analysis.
Parallel session HEC Montreal IFRS Case Competition, Wednesday, June 20, 16.00 – 17.30, Stoa room
In this session two teams will present the winning cases in the HEC Montreal IFRS Case Competition. The session will be chaired by Louise Martel.
