Climate Risk Disclosure: Developing Measures for Best Practice . This project aims to investigate how firms should disclose the impact of climate-related risk on financial statements, the contribution of their own activities to climate risk and a best practice set of quantifiable metrics that can be assured by auditors. The aims will be achieved through surveys of chief financial officers and auditors and generation of input-output models at the firm level. The outcomes will benefit accountants ....Climate Risk Disclosure: Developing Measures for Best Practice . This project aims to investigate how firms should disclose the impact of climate-related risk on financial statements, the contribution of their own activities to climate risk and a best practice set of quantifiable metrics that can be assured by auditors. The aims will be achieved through surveys of chief financial officers and auditors and generation of input-output models at the firm level. The outcomes will benefit accountants and auditors who calibrate these impacts, and regulators such as the Australian Accounting Standards Board and Auditing and Assurance Standards Board, in developing accounting disclosure and auditing standards. It is vital to investors, insurers and governments for efficient resource allocation and planning. Read moreRead less
Protecting Australia’s brand assets and stakeholder interests. International accounting standards have recently been harmonised to allow firms to recognise the value of purchased brands on their balance sheets, subject to an annual test to verify that value has not been impaired. There are no widely accepted methodologies with which to undertake such tests, despite the requirement for the balance sheet to provide a true and fair view of financial position. This research will develop three approa ....Protecting Australia’s brand assets and stakeholder interests. International accounting standards have recently been harmonised to allow firms to recognise the value of purchased brands on their balance sheets, subject to an annual test to verify that value has not been impaired. There are no widely accepted methodologies with which to undertake such tests, despite the requirement for the balance sheet to provide a true and fair view of financial position. This research will develop three approaches to calibrate brand impairment and draw lessons from applying them over a three year period. The outputs are twofold: first, a suite of detailed methods for accountants, auditors and financial analysts to measure and diagnose brand value; second, several key indicators that can be used to monitor signs of brand impairment.Read moreRead less
Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting frame ....Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting framework and to improve the comparability and transparency of financial information. A more robust framework would improve capital market efficiency, promote economic growth in Australia and support the goal of making Australia a world-leading financial market.Read moreRead less
Extended reporting and assurance for not-for-profit organisations. This project aims to improve the relevance and reliability of extended reporting now being required of not-for-profit organisations (NFPOs). Society is increasingly demanding that NFPOs disclose additional information beyond financial information, as evidenced by the service performance reporting and integrated reporting initiatives. These reporting initiatives better align the reporting with the mission of NFPOs: to achieve outc ....Extended reporting and assurance for not-for-profit organisations. This project aims to improve the relevance and reliability of extended reporting now being required of not-for-profit organisations (NFPOs). Society is increasingly demanding that NFPOs disclose additional information beyond financial information, as evidenced by the service performance reporting and integrated reporting initiatives. These reporting initiatives better align the reporting with the mission of NFPOs: to achieve outcomes that are beyond financial returns. This project aims to evaluate and to aid the development and implementation of these extended reporting responsibilities and mechanisms that increase the quality and credibility of the information. This would improve the relevance of the information produced by NFPOs and increase confidence in extended reporting.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE160101369
Funder
Australian Research Council
Funding Amount
$360,000.00
Summary
Improving the Effectiveness of Corporate Disclosure in Australia. This project aims to investigate the issue of voluntary corporate governance disclosure. Voluntary disclosure by way of earnings guidance is critical to protecting investors’ interests and building confidence in the Australian corporate governance regime. This project seeks to provide evidence about the effect of performance review frequency on managers’ disclosure choice, whether investors can effectively use guidance, and the po ....Improving the Effectiveness of Corporate Disclosure in Australia. This project aims to investigate the issue of voluntary corporate governance disclosure. Voluntary disclosure by way of earnings guidance is critical to protecting investors’ interests and building confidence in the Australian corporate governance regime. This project seeks to provide evidence about the effect of performance review frequency on managers’ disclosure choice, whether investors can effectively use guidance, and the possible negative impact of guidance and the change in auditors’ reports on audit quality and managers' strategic decisions. By addressing these issues, this project aims to inform the development of effective corporate disclosure policies that provide benefits for investors without negatively affecting corporate effectiveness.Read moreRead less
Elevating auditor professional scepticism by way of improved regulation. This project aims to examine and test alternate regulatory approaches that address ongoing and long standing concerns of audit firm quality inspectors that auditors are not exercising a sufficiently high level of professional scepticism. The project expects to provide strong, empirically-based knowledge on the most effective means of discharging regulatory responsibilities over the audit profession. Expected outcomes of th ....Elevating auditor professional scepticism by way of improved regulation. This project aims to examine and test alternate regulatory approaches that address ongoing and long standing concerns of audit firm quality inspectors that auditors are not exercising a sufficiently high level of professional scepticism. The project expects to provide strong, empirically-based knowledge on the most effective means of discharging regulatory responsibilities over the audit profession. Expected outcomes of this project include improvements in regulatory practice and an enhanced capacity for Australia's interests to be represented in the development of international auditing standards and regulations.Read moreRead less
Enhancing integrated reporting: implications for internal and external reporting and assurance. There is an increasing global demand for companies to prepare integrated reports that includes both financial and nonfinancial information. This project uses a multidisciplinary approach to provide evidence on the claimed benefits of integrated reporting to inform the development of an international integrated reporting and assurance framework.