Australian Accounting Review最新文献

{"title":"Proposed Merger Between Australian Standard-Setting Bodies: Summary of a Panel Session","authors":"Michael Bradbury,&nbsp;Amir Ghandar,&nbsp;Noel Harding,&nbsp;Bryan Howieson,&nbsp;Stephen Taylor","doi":"10.1111/auar.12442","DOIUrl":"https://doi.org/10.1111/auar.12442","url":null,"abstract":"<p>This paper examines the implications of the proposed merger of the Australian Accounting Standards Board (AASB), the Auditing and Assurance Standards Board (AuASB) and the Financial Reporting Council (FRC) into a single entity. The merger is designed to improve efficiency, consistency and the adoption of new sustainability standards. During a panel discussion at the AFAANZ Annual Conference, experts analysed the potential impact of the merger on standard-setting practices, highlighting the need for robust justification and increased transparency. The study highlights the complex interplay of regulatory, national and international contexts shaping this remarkable restructuring.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 4","pages":"366-370"},"PeriodicalIF":3.1,"publicationDate":"2024-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12442","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253663","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}

{"title":"Good Governance","authors":"Yaowen Shan,&nbsp;Sue Wright","doi":"10.1111/auar.12443","DOIUrl":"https://doi.org/10.1111/auar.12443","url":null,"abstract":"<p>The articles in this ‘bumper’ final issue of <i>Australian Accounting Review</i> for 2024 focus on decision-making by companies, showing the importance of good governance frameworks and practices to guide corporate leaders, committees and regulators.</p><p>The decisions explored in five academic articles cover a range of areas: climate-related risk disclosures, regional labour adjustments, the quality of audits, financial restatements following CEO dismissals and the disclosure of intangible assets in financial reports. The issue concludes with a discussion of how reporting and disclosure standard-setting itself should be governed.</p><p>In contrast, the last two academic articles in this issue highlight circumstances where good governance has made a difference. Gao et al. (<span>2024</span>) confirm the link found in the previous literature between poor performance and CEO dismissals, noting that good performance offers the CEO some protection in the event of financial restatements. Significantly, they find an increasing trend over the period 2000–2018 for CEOs to be dismissed as a result of financial restatements, which they link to more ethical governance.</p><p>The reporting of intangible assets is an area in which entities exercise a fair amount of discretion, and better guidance for the Board of directors would make corporate governance oversight of entities’ reporting and disclosure more effective. Mehnaz et al. (<span>2024</span>) document the diversity of reporting and disclosure practices by listed companies and public sector entities in New Zealand. They note how intangibles are categorised and reported and whether they are capitalised, concluding that there is a need for improved disclosure criteria for recognised and unrecognised criteria.</p><p>The final article in this issue documents the key issues from a recent topical debate on standard-setting. While the context is a particular change in Australia, the issues are relevant to the governance of standard-setting in any country and developments in New Zealand are highlighted for comparison. In Bradbury et al. (<span>2024</span>), four well-known commentators on standard-setting in Australia and New Zealand with academic, professional and standard-setting expertise present their views on the merits of the recently proposed merger of the Australian Accounting Standards Board (AASB), the Auditing and Assurance Standards Board (AuASB) and the Financial Reporting Council (FRC) into a single entity.</p><p>We hope that you enjoy reading this issue as much as we have enjoyed compiling it.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 4","pages":"263-264"},"PeriodicalIF":3.1,"publicationDate":"2024-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12443","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253276","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}

{"title":"CEO Dismissals and Financial Restatements: The Role of Ethical Governance and Board Dynamics","authors":"Ru (Tina) Gao,&nbsp;Shijun Guo,&nbsp;Daifei (Troy) Yao","doi":"10.1111/auar.12440","DOIUrl":"https://doi.org/10.1111/auar.12440","url":null,"abstract":"<p>This study re-examines the relationship between CEO dismissals and financial restatements using a new, comprehensive dataset covering S&amp;P 1500 firms from 2000 to 2018. This dataset offers several advantages over previous research: it provides precise data on CEO dismissals, enables large-sample analysis and includes detailed reasons for executive departures. Our findings confirm a positive relationship between financial restatements and CEO dismissals, with a heightened likelihood of dismissal in recent years reflecting increased board attention to ethical issues. Additionally, restatements are revealed to amplify the negative impact of weak financial performance on CEO turnover, as CEOs of poorly performing firms face a higher risk of dismissal after a restatement, whereas strong financial performance generally offers protection. Furthermore, we explore how board characteristics affect this relationship and reveal significant heterogeneity in board responses. Specifically, female board representation, directors’ financial expertise, CEO–board connections, directors’ experience with prior fraud incidents, and multiple directorships all moderate the likelihood of CEO dismissal following restatements. These findings provide new insights into the complex interplay among financial performance, ethical governance and board dynamics in CEO turnover decisions.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 4","pages":"326-345"},"PeriodicalIF":3.1,"publicationDate":"2024-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12440","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253137","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}

{"title":"CEO Locality and Employment Stickiness","authors":"Sohee Park,&nbsp;Batjargal Bolor-Erdene,&nbsp;Keumah Jung,&nbsp;Hee-Yeon Sunwoo","doi":"10.1111/auar.12437","DOIUrl":"https://doi.org/10.1111/auar.12437","url":null,"abstract":"<p>We explore whether CEOs’ hometown identity involves labour adjustment decisions. We document that local CEOs, with their hometown ties, reduce employment to a lesser degree following sales downturns than nonlocal CEOs. This finding suggests that local CEOs’ strong local attachments motivate them to prioritise employee interests and build good reputations, which create private benefits or reserve future career paths in their hometowns. Our findings are more pronounced in areas where local connections are highly valued, thus supporting our argument. We further find that the retention efforts of local CEOs are related to low future performance. We extend the cost stickiness literature by documenting that CEOs’ place attachment influences resource adjustment decisions, particularly regarding labour, which eventually influences subsequent performance.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 4","pages":"283-305"},"PeriodicalIF":3.1,"publicationDate":"2024-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12437","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253856","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}

{"title":"CFO Power and Audit Quality","authors":"Ayoob Alyafai,&nbsp;Ariful Islam MD,&nbsp;Harjinder Singh,&nbsp;Nigar Sultana","doi":"10.1111/auar.12436","DOIUrl":"https://doi.org/10.1111/auar.12436","url":null,"abstract":"<p>Due to their primary responsibilities over the financial reporting process, chief financial officers (CFOs) accumulate critical knowledge, and therefore power, within organisations. We examine whether such powerful CFOs use their influence to increase or decrease audit quality. Using a wide range of proxies for audit quality and a comprehensive measure of CFO power, we find that powerful CFOs are associated with lower levels of audit quality, suggesting that powerful CFOs pursue an agenda of self-interest. Our results are robust to alternative specifications of our variables, including endogeneity. As a result of our findings, we contribute not only to the academic literature but also provide useful research outcomes, such as aiding with legislation to strengthen corporate governance structures within firms to monitor such powerful CFOs.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 4","pages":"306-325"},"PeriodicalIF":3.1,"publicationDate":"2024-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12436","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253021","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}

{"title":"The Boundaries of Accounting","authors":"Yaowen Shan,&nbsp;Sue Wright","doi":"10.1111/auar.12438","DOIUrl":"https://doi.org/10.1111/auar.12438","url":null,"abstract":"","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 3","pages":"189"},"PeriodicalIF":3.1,"publicationDate":"2024-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142665027","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}

{"title":"The Visibility of Climate-Related Disclosures by Large Australian Companies","authors":"Peijing Yang,&nbsp;Tanya Fiedler,&nbsp;Clinton Free","doi":"10.1111/auar.12433","DOIUrl":"https://doi.org/10.1111/auar.12433","url":null,"abstract":"<p>Mobilising the work of Brighenti (2007), we assess the visibility of climate-related disclosures across different reporting venues and sectors for the 2022 reporting period. We do so by analysing the content of the corporate reports of 28 ASX50 companies. This is supplemented by articles published in the Australian media and on prominent activist investor websites. We find that physical climate risks are often under-reported or superficially addressed in company reports, whereas transition opportunities related to a low-carbon economy are more frequently disclosed. This discrepancy suggests a pattern of selective disclosure emphasising more favourable outcomes and potentially obscuring the full spectrum of climate-related risks and opportunities. In contrast, transition risks are supra-visible because of the attention from media and activist investors—particularly in the energy and materials sectors. Our results reflect concerns raised by regulators with regard to greenhushing (the withholding of information) of physical and transition risks and greenwashing (exaggerated claims) of transition opportunities. We also find inconsistencies in reporting practice, with implications for comparability and the faithful representation of climate-related information.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 4","pages":"265-282"},"PeriodicalIF":3.1,"publicationDate":"2024-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12433","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253020","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}

{"title":"The Shifting and Permeable Boundaries of Auditing: Evidence from Early Australian Examination Papers","authors":"Brad Potter","doi":"10.1111/auar.12434","DOIUrl":"https://doi.org/10.1111/auar.12434","url":null,"abstract":"<p>The Colin Ferguson Oration is the address given to attendees at the annual Australia Accounting Hall of Fame dinner and presentation evening. It is an invited oration, whereby an eminent modern-day leader addresses the audience on matters at the intersection of business, government and the academe as they relate to the rich history, the current state and/or the future direction of the accounting profession. The oration is named in honour of Professor Colin Ferguson (1949–2014). Colin was the key figure driving the inception of the Australian Accounting Hall of Fame. In a decorated academic career, he worked tirelessly for many years and with great distinction at the intersection of accounting thought and practice encompassing auditing, forensic accounting and accounting information systems, so it was only fitting that this oration is named in his honour. This year's oration was delivered by Brad Potter, an Associate Professor of Accounting and a Director of the Centre for Accounting and Industry Partnerships at the University of Melbourne. Brad's research and consulting experience encompasses financial accounting and disclosure for both private sector and public sector entities. In particular, he has successfully managed and coordinated research projects involving the Australian Accounting Standards Board, National Water Commission, CPA Australia, the Institute of Chartered Accountants, Australia, Royal Botanic Gardens and the Institute of Public Accountants (IPA). This year's oration uses a unique dataset to gain insights into the development of the auditing profession, a topic of interest to academe, practitioners and standard-setters, and one that is eminently suitable for publication in the <i>Australian Accounting Review</i>.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 3","pages":"190-194"},"PeriodicalIF":3.1,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12434","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142665049","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}

{"title":"CEO Benevolence and Corporate Social Performance","authors":"Ashesha Weerasinghe,&nbsp;Ellie Chapple,&nbsp;Alexandra Williamson","doi":"10.1111/auar.12432","DOIUrl":"10.1111/auar.12432","url":null,"abstract":"<p>The involvement of corporate CEOs/directors in not-for-profit (NFP) leadership is significant for corporate and NFP sectors. We refer to this activity as ‘benevolence’. These benevolent leaders bring synergistic effects to each leadership position. Although research has examined various characteristics of NFPs and corporate leaders independently, the impact of this combination of serving NFPs and listed firms is worth examining, given current debates on the form and function of stakeholder capitalism. We provide preliminary exploration of NFP leadership positions of CEOs/directors, from 2010 to 2019. Data were hand-collected from CEO/director biographies in annual reports. NFP roles were verified through public sources (e.g., Australian Charities and Not-For-Profit Commission). We identify meaningful patterns in NFP leadership positions held by the those in the top echelons. In evaluating whether benevolent leaders influence corporate ethical outcomes, we find a significant positive association. Our findings establish the foundation for future inquiries on the influence of benevolent leaders on many corporate outcomes.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 3","pages":"195-218"},"PeriodicalIF":3.1,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12432","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142221985","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}

{"title":"Integrated Reporting Impact on Core Organisational Practices: A Practice-Based Perspective","authors":"Sabrina Roszak,&nbsp;Aziza Laguecir","doi":"10.1111/auar.12431","DOIUrl":"10.1111/auar.12431","url":null,"abstract":"<p>This research explores how managers implement integrated reporting (IR) in their organisations and its impact on practices. We use 25 semi-structured interviews with top and middle managers of early adopters' private companies to examine the conditions under which managers initially made sense of IR long before its institutionalisation. Conceptually drawing from practice theory, we show how top and middle managers make sense of (practical intelligibility) IR and how this influences core operational practices. The analysis shows that IR practices can be more or less totalitarian, revealing the importance of the institutional pressures and teleo-affective structures held and promoted by the managers in charge. This research offers a counterpoint to studies that suggest that accounting has a limited impact when practised in a less totalitarian form. It also highlights the importance of affective aspects and the crucial role of managers in these aspects. Given the rapid changes in the regulatory context, understanding how managers make sense of integrated tools is of utmost importance.</p>","PeriodicalId":51552,"journal":{"name":"Australian Accounting Review","volume":"34 3","pages":"243-260"},"PeriodicalIF":3.1,"publicationDate":"2024-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/auar.12431","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142221950","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}