British Accounting Review最新文献_第9页

How auditors identify and report key audit matters - An organizational routines perspective 审计师如何确定和报告关键审计事项--组织常规视角

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-03-01 DOI: 10.1016/j.bar.2023.101263

Warren Maroun , Alan Duboisée de Ricquebourg

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引用次数: 0

Are key audit matter disclosures useful in assessing the financial distress level of a client firm? 关键审计事项披露对评估客户公司的财务困境水平有用吗？

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-03-01 DOI: 10.1016/j.bar.2023.101200

María-del-Mar Camacho-Miñano , Nora Muñoz-Izquierdo , Morton Pincus , Patricia Wellmeyer

{"title":"Are key audit matter disclosures useful in assessing the financial distress level of a client firm?","authors":"María-del-Mar Camacho-Miñano , Nora Muñoz-Izquierdo , Morton Pincus , Patricia Wellmeyer","doi":"10.1016/j.bar.2023.101200","DOIUrl":"10.1016/j.bar.2023.101200","url":null,"abstract":"<div><p>This study examines the usefulness of new expanded audit report key audit matters (KAM) disclosures in assessing the level of financial distress present at a client firm. Using six years of KAM disclosures for U.K. Premium-listed firms beginning in 2013, we investigate the relation between firm financial distress and the number, risk level, financial statement impact, and individual nature of auditor-disclosed KAMs. We expand on literatures examining audit report disclosures in gauging financial distress assessments as well as the utility of expanded audit reporting. We find the greater the number of KAMs disclosed, the higher a firm's financial distress level. Additionally, results show entity-level KAMs, account-level KAMs with a primary impact on profitability and solvency, and certain types of individual KAMs are more likely to be disclosed when client firms face higher levels of financial distress. The results are robust to alternative measures of financial distress and to endogeneity tests. Our findings also indicate KAMs have predictive ability in assessing subsequent periods' financial distress levels. In all, evidence from this study suggests a way financial statement users can use independent auditor disclosures to assess one of the main risks associated with a firm - the risk of failure.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 2","pages":"Article 101200"},"PeriodicalIF":5.1,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923000331/pdfft?md5=332020593964e0b5b263288309aba2d0&pid=1-s2.0-S0890838923000331-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47822768","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Auditing decentralized finance 审计分散化财务

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-03-01 DOI: 10.1016/j.bar.2023.101270

Siddharth M. Bhambhwani , Allen H. Huang

{"title":"Auditing decentralized finance","authors":"Siddharth M. Bhambhwani , Allen H. Huang","doi":"10.1016/j.bar.2023.101270","DOIUrl":"10.1016/j.bar.2023.101270","url":null,"abstract":"<div><p>Decentralized finance (DeFi), which executes financial transactions using blockchain without an intermediary, has attracted over US$250 billion in total value locked (TVL) at its peak. However, little is known about how DeFi protocols assure users of the safety of their investments. This paper provides the first empirical evidence on DeFi audit services that check and verify the smart contracts underlying these protocols. Using data on 316 of the largest protocols, we find that those vetted by more smart contract auditors and by higher quality auditors have higher TVL and that these protocols have higher market capitalization (native token values). Using an event study approach, we document that TVL and token values significantly increase after a protocol's first audit, especially those involving a high-quality auditor. We also find that protocols with more auditors and higher audit quality exhibit a smaller drop in TVL and token values after the collapse of the TerraUSD stablecoin, which reduced aggregate DeFi TVL by almost 65%. Overall, our findings suggest that DeFi users and investors perceive audits as providing assurance regarding the safety of their deposits and investments.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 2","pages":"Article 101270"},"PeriodicalIF":5.1,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923001270/pdfft?md5=c6d9a45deafd693b1c3e23013bccbce1&pid=1-s2.0-S0890838923001270-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135663852","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Stuck in traffic: Do auditors price traffic congestion? 交通堵塞:审计人员会为交通拥堵定价吗?

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-03-01 DOI: 10.1016/j.bar.2023.101279

Jie Hao, Viet Tuan Pham

引用次数: 0

Opening the black box of human resource allocations in audit firms: The assignment of audit partners to audit engagements 打开审计事务所人力资源分配的黑匣子：审计合作伙伴对审计业务的分配

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-03-01 DOI: 10.1016/j.bar.2023.101231

Bin Wu , Yaqian Wu , Min Zhang , Jiyuan Li

{"title":"Opening the black box of human resource allocations in audit firms: The assignment of audit partners to audit engagements","authors":"Bin Wu , Yaqian Wu , Min Zhang , Jiyuan Li","doi":"10.1016/j.bar.2023.101231","DOIUrl":"10.1016/j.bar.2023.101231","url":null,"abstract":"<div><p>Using unique and detailed data on audit partners, this study examines how audit firms make human resource allocation decisions. The empirical results show that clients with higher risks (i.e. tax, legal, and asset valuation risks) are more likely to be audited by partners with corresponding domain-specific expertise, and these partner–client matches are more likely to happen when audit firms have strong incentives to reduce engagement risks or have a favourable information environment to gain client-specific knowledge. The results are robust to different model specifications and alternative measures. We also list several reasons to support that the ‘client preference effect’ is less likely to be an alternative explanation. Finally, we find that audit firms' partner–client matches help reduce engagement risks and improve audit quality. This paper sheds light on audit firms' human resource allocation decisions and extends the literature on auditor expertise by investigating audit experts on tax, legal issues, and asset valuation that differ from the industry experts predominantly examined in the prior literature.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 2","pages":"Article 101231"},"PeriodicalIF":5.1,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45162529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Blockchain and earnings management: Evidence from the supply chain 区块链与收益管理：来自供应链的证据

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-02-23 DOI: 10.1016/j.bar.2024.101357

Donald Autore , Huimin (Amy) Chen , Nicholas Clarke , Jingrong Lin

{"title":"Blockchain and earnings management: Evidence from the supply chain","authors":"Donald Autore , Huimin (Amy) Chen , Nicholas Clarke , Jingrong Lin","doi":"10.1016/j.bar.2024.101357","DOIUrl":"10.1016/j.bar.2024.101357","url":null,"abstract":"<div><p>We investigate whether corporate adoption of blockchain technology is associated with a change in firms' financial reporting behavior. On one hand, the features of blockchain technology (immutability, decentralized consensus, and real-time data sharing) can enhance data integrity, suggesting corporate blockchain adoptions may reduce earnings management. However, despite fast growth in blockchain adoptions, it remains unclear whether improved financial reporting quality or reduced accounting manipulation is a motivating factor in firms' blockchain adoption as firms vary in how they implement this new technology. On the other hand, the hype and/or increased expectations associated with blockchain adoptions, as well as the market's misperception that blockchain adoption could increase data integrity, may incentivize and provide opportunity for firms to upwardly manage earnings. We conduct our tests in the setting of the supply chain, as prior work establishes that shocks to one firm can impact linked firms through customer-supplier relationships. Our empirical evidence supports the latter prediction, as we find robust evidence that supplier firms' earnings management increases after their customers adopt blockchain. This result holds with numerous robustness tests. We provide direct evidence consistent with hype/increased expectations and reduced monitoring of supplier firms. Our findings suggest unintended consequences of blockchain adoption on financial reporting.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 4","pages":"Article 101357"},"PeriodicalIF":5.1,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139994641","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Towards fluid role identity of management accountants: A case study of a Finnish bank 实现管理会计师的流动角色认同：芬兰银行案例研究

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-02-02 DOI: 10.1016/j.bar.2024.101341

Antti Rautiainen , Robert W. Scapens , Marko Järvenpää , Tommi Auvinen , Pasi Sajasalo

{"title":"Towards fluid role identity of management accountants: A case study of a Finnish bank","authors":"Antti Rautiainen , Robert W. Scapens , Marko Järvenpää , Tommi Auvinen , Pasi Sajasalo","doi":"10.1016/j.bar.2024.101341","DOIUrl":"10.1016/j.bar.2024.101341","url":null,"abstract":"<div><p>In our case study of a Finnish bank, we found that the role identity of management accountants is becoming fluid, i.e., it is constantly adjusting to accommodate shifting role expectations and changing context-specific demands. Digitalization and information technology (with such tools as artificial intelligence and robotic process automation) are key drivers of change. Furthermore, banking is also a regulated field with an increasing amount of data to be interpreted. The combination of these rather different trends is challenging for management accountants as they strive to cope with multiple pressures. We explore the role identity of management accountants (called ‘controllers’ in our case), and we find varying and fluid roles, including the roles discussed in the existing accounting literature, including the traditional ‘bean counter’ role and the ‘business partner’ role, as well as new, typically IT-related, specialist roles. We suggest that their fluid role identity enables controllers in our case to cope with continuously evolving tasks, and with changing role expectations. In this context, controllers are increasingly working in agile teams with specialists with diverse educational backgrounds and expertise.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 4","pages":"Article 101341"},"PeriodicalIF":5.1,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838924000556/pdfft?md5=1f44624d6f850446198545a099dec2db&pid=1-s2.0-S0890838924000556-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139670419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Hybridity, institutional logics and value creation mechanisms in the corporatisation of social care 社会关怀公司化中的混合性、制度逻辑与价值创造机制

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101244

Laurence Ferry , Piotr Wegorowski , Rhys Andrews

{"title":"Hybridity, institutional logics and value creation mechanisms in the corporatisation of social care","authors":"Laurence Ferry , Piotr Wegorowski , Rhys Andrews","doi":"10.1016/j.bar.2023.101244","DOIUrl":"10.1016/j.bar.2023.101244","url":null,"abstract":"<div><p>Hybridisation of public services has increased under neoliberalism and New Public Management policies, over the past four decades since the 1980s. Hybrid arrangements for service provision blend public, private and nonprofit approaches to organising in ways imbued with a range of institutional logics impinging on their value creation mechanisms. Within this context, the corporatisation of public services represents a striking manifestation of hybridisation. However, comparatively little research has considered how hybrid organising through corporatisation shapes the mechanisms through which value is created in corporatized public services. To address this gap, through a field level study, this paper examines hybridity, institutional logics and value creation mechanisms in the corporatisation of adult social care in English local government. The study found that the use of different hybrid corporate forms – blended, segregated, segmented and blocked - to provide services to elderly and vulnerable citizens had important implications for the mechanisms through which financial and social values were created. Nevertheless, it was also apparent that different forms of hybrid organising could co-exist within the same organization along with multiple value creation mechanisms, underlining the unique dynamics of hybridisation pertaining to the corporatisation of public services.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 1","pages":"Article 101244"},"PeriodicalIF":5.1,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923000914/pdfft?md5=33a4862ab5d4a901c6aa3f3b04a6a823&pid=1-s2.0-S0890838923000914-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44030557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Let's have a relook at accountability 让我们重新审视责任制

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101262

Gloria Agyemang

{"title":"Let's have a relook at accountability","authors":"Gloria Agyemang","doi":"10.1016/j.bar.2023.101262","DOIUrl":"10.1016/j.bar.2023.101262","url":null,"abstract":"<div><p>2020 Distinguished Accounting Academic Keynote Address presented at the Annual British Accounting and Finance in April 2022, University of Nottingham.</p><p>This paper examines how Gloria Agyemang, the BAFA Distinguished Accounting Academic award winner of 2020, has studied accountability in her work. It does this by analysing her previous research contributions to public sector accountability, nongovernment organisational accountability, and accountability in other contexts such as social and environmental accounting as well as the Trans-Atlantic Slave Trade. It argues that in the study of accountability, context and the need for accountability to several stakeholders is extremely important; but accountability contexts and the stakeholders need to include those who are hidden in the recesses of everyday life. The paper draws on a theoretical framework that Rached (2016) refers to as “coordinates of accountability”, which by providing a minimalist definition of accountability facilitates an expanded analysis to broaden and deepen accountability research. It argues for responsible scholars to be engaged with historical, contemporary, and societally critical issues and to employ counter accounting methods to reexamine accountability.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 1","pages":"Article 101262"},"PeriodicalIF":5.1,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S089083892300118X/pdfft?md5=f9f5da4dd9c5eb8dd6655d0c37027f25&pid=1-s2.0-S089083892300118X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46214195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Hallmarks of Integrated Thinking 综合思考的标志

IF 5.1 3区管理学

British Accounting Review Pub Date : 2024-01-01 DOI: 10.1016/j.bar.2023.101281

Ruth Dimes , Charl de Villiers

{"title":"Hallmarks of Integrated Thinking","authors":"Ruth Dimes , Charl de Villiers","doi":"10.1016/j.bar.2023.101281","DOIUrl":"10.1016/j.bar.2023.101281","url":null,"abstract":"<div><p>Integrated Thinking, the management approach associated with Integrated Reporting, has been hailed as a way of improving organisational decision-making and internal communication, leading to sustainable value creation. Yet Integrated Thinking remains poorly defined and understood. By analysing and synthesising the findings from an emerging body of case study evidence, this paper brings new theoretical insights into how Integrated Thinking is conceptualised and practised and its unique relationship with Integrated Reporting. We reveal Integrated Thinking to bring considerable tension to organisations as managers attempt to adapt to conflicting stakeholder priorities. Organisations which manage this tension and experience some success with Integrated Thinking typically exhibit four ‘hallmarks’, namely: 1) a deliberate drive by the board and CEO to encourage Integrated Thinking, 2) an Integrated Strategy developed through extensive stakeholder engagement and understanding of value creation, 3) the creation, or enhancement, of an organisational culture of trust and collaboration, and 4) the development of Integrated Intelligence, comprising integrated Performance Management Systems (PMS) and the use of multi-functional teams for decision-making. We present a new conceptual framework of Integrated Thinking in practice, reflect on its relationship with developments in sustainable management practices more broadly and propose several avenues for future research.</p></div>","PeriodicalId":47996,"journal":{"name":"British Accounting Review","volume":"56 1","pages":"Article 101281"},"PeriodicalIF":5.1,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0890838923001385/pdfft?md5=4db02d0bd590346f5f4109c624c88cf8&pid=1-s2.0-S0890838923001385-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138438960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0