Risk management systems and implications for carbon emission reporting and reduction: a study of Australian carbon intensive firms. This research will help Australian firms develop more efficient and effective governance over the risk management and reporting on greenhouse gas (GHG) emissions. Consequently, higher quality decision-making and resource usage at the firm, market and community levels will occur as firms are identified by their GHG emission activities and outcomes.
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
Carbon accounting for managed urban environments: creating a conceptual process-based model. This project will develop a process-based model of the carbon cycle of a complex urban system - Royal Botanic Gardens (RBG), Melbourne, and validate the model in the RBG, Sydney. It will test alternative means by which carbon emissions information may be reported to provide information that is useful for the decisions made by diverse stakeholders.
Visualising Value in Australian Organisations: Case Studies in Extended Performance Management, Measurement and Reporting. This research positions and develops Australia at the forefront of the knowledge economy. Participating organisations will realise insights into their invisible resources and improve their understanding of the performance, utilisation and productivity of their intangible resources. Corporate social responsibility and social and environmental management are recognized as cruc ....Visualising Value in Australian Organisations: Case Studies in Extended Performance Management, Measurement and Reporting. This research positions and develops Australia at the forefront of the knowledge economy. Participating organisations will realise insights into their invisible resources and improve their understanding of the performance, utilisation and productivity of their intangible resources. Corporate social responsibility and social and environmental management are recognized as crucial to the contemporary organisation and this research provides a means of managing, measuring and reporting these perspectives, enhancing Australia's reputation and long-term economic sustainability. Read moreRead less
Management control systems for effective information sharing and security in government organisations. The project investigates how government agencies can achieve effective information sharing and security practices through management control systems that include the latest information technology developments. The project will help government agencies to improve their information sharing and security practices by using better control systems.
Risk management policies and practices of major Australian firms. High profile corporate failures attributable to incorrect hedging strategies have recently drawn attention to corporate financial risk management, although its important role in financial management is far more ubiquitous and pervasive. The project will shed light on the internal processes of corporate risk management which previous studies have not addressed. It will produce a 'stock-take' of current practices enabling assessment ....Risk management policies and practices of major Australian firms. High profile corporate failures attributable to incorrect hedging strategies have recently drawn attention to corporate financial risk management, although its important role in financial management is far more ubiquitous and pervasive. The project will shed light on the internal processes of corporate risk management which previous studies have not addressed. It will produce a 'stock-take' of current practices enabling assessment against theoretical models and identification of current 'best practice'. Against this backdrop, Australian firms will be able to assess the merits of their current policies and practices, and assist corporate outsiders (regulators, analysts, researchers) in better understanding corporate risk management. Read moreRead less
A systemic environmental impact metric for companies and investors. Environmental-Social-Governance (ESG) metrics are marketed as measures of environmental performance, but they often track exposure to environmental risk rather than generation of environmental impacts. This project aims to develop and test a science-based, systemic environmental impact score for corporate activities. Expected outcomes include new knowledge of cross-scale interactions in the Earth system and tools to assess a bus ....A systemic environmental impact metric for companies and investors. Environmental-Social-Governance (ESG) metrics are marketed as measures of environmental performance, but they often track exposure to environmental risk rather than generation of environmental impacts. This project aims to develop and test a science-based, systemic environmental impact score for corporate activities. Expected outcomes include new knowledge of cross-scale interactions in the Earth system and tools to assess a business or investment’s systemic environmental impacts from activities including water extraction, deforestation and carbon emissions. These outcomes should provide benefits including improved business decision-making on impact mitigation, environmental quality, productivity and corporate environmental reputation.Read moreRead less
Transforming the Australian accounting profession for the carbon challenge. The introduction of Carbon Pollution Reduction Scheme (CPRS) will have an immediate and lasting impact on the cost of doing business in Australia. By determining how accounting processes can be optimised to identify, measure and analyse the impact of emissions trading on organisations' financial performance, this project will be a significant step in minimising the negative impact of this historic change on the Australia ....Transforming the Australian accounting profession for the carbon challenge. The introduction of Carbon Pollution Reduction Scheme (CPRS) will have an immediate and lasting impact on the cost of doing business in Australia. By determining how accounting processes can be optimised to identify, measure and analyse the impact of emissions trading on organisations' financial performance, this project will be a significant step in minimising the negative impact of this historic change on the Australian economy, and maximising the associated business opportunities. Our findings will be the basis for giving the accounting profession the new skills to adopt a central role in meeting the carbon challenge.Read moreRead less
Assessing and addressing tax system complexity in Australia. Tax reform and simplification are highly topical in government, business and the wider community, with many initiatives proposed or under way. This project will identify the key factors in tax system complexity, measure the costs it imposes upon taxpayers and develop complexity indices that can test new policy measures and monitor improvements.
Evaluating innovative assurance practices for sustainability reporting. While entities are today accountable for and report on a broader range of social and environmental issues, such enhanced reporting must be credible to be relied upon. Evaluating settings where innovative credibility-enhancing mechanisms are proposed or disclosed, this project aims to explore the efficacy of these evolving mechanisms and their impact on information quality and users. This project is expected to make significa ....Evaluating innovative assurance practices for sustainability reporting. While entities are today accountable for and report on a broader range of social and environmental issues, such enhanced reporting must be credible to be relied upon. Evaluating settings where innovative credibility-enhancing mechanisms are proposed or disclosed, this project aims to explore the efficacy of these evolving mechanisms and their impact on information quality and users. This project is expected to make significant contributions in identifying and evaluating best practice credibility-enhancing techniques and informing policy and standard-setting options in Australia and overseas. The benefits include higher quality and more reliable disclosures resulting in better resource allocation decisions and informed policy determinations.Read moreRead less