Sustainability assurance research is still in its early stages and many important questions remain unanswered.
According to Ulrike Thuerheimer (assistant professor in accounting at the University of Amsterdam) directions for future research include:
• How do financial statement and sustainability audits interact?
• What team characteristics matter?
• How do materiality concepts differ between the financial statement and sustainability audits?
• How does limited assurance differ from reasonable assurance concerning sustainability?
• How to measure the quality of sustainability reporting (and assurance), possibly with the help of AI?
• What is the impact of (changes in) European regulation?
• What are cross-country differences in what parties are allowed to provide sustainability assurance?
• How will the market and auditors react to future enforcement cases?
Ulrike underlines the importance of FAR in helping to get access to relevant data.
This video is an addition to Ulrike’s FARview podcast that was published last July: https://www.youtube.com/watch?v=gsTz2AFlpSc
FAR also recently published a booklet with 5 summaries of interesting articles on sustainability assurance. Here’s a link to the pdf of the publication:
https://lnkd.in/eUCQnv6c
There is also a Dutch version available:
https://lnkd.in/eMc64NVK
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Sustainability assurance research is still in its early stages and many important questions remain unanswered.
According to Ulrike Thuerheimer (assistant professor in accounting at the University of Amsterdam) directions for future research include:
• How do financial statement and sustainability audits interact?
• What team characteristics matter?
• How do materiality concepts differ between the financial statement and sustainability audits?
• How does limited assurance differ from reasonable assurance concerning sustainability?
• How to measure the quality of sustainability reporting (and assurance), possibly with the help of AI?
• What is the impact of (changes in) European regulation?
• What are cross-country differences in what parties are allowed to provide sustainability assurance?
• How will the market and auditors react to future enforcement cases?
Ulrike underlines the importance of FAR in helping to get access to relevant data.
This video is an addition to Ulrike’s FARview podcast that was published last July: https://www.youtube.com/watch?v=gsTz2AFlpSc
FAR also recently published a booklet with 5 summaries of interesting articles on sustainability assurance. Here’s a link to the pdf of the publication:
https://lnkd.in/eUCQnv6c
There is also a Dutch version available:
https://lnkd.in/eMc64NVK
FARview #29: Auditors' Going Concern Decisions: Insights from Practice
FARview
34 minutes 3 seconds
2 years ago
FARview #29: Auditors' Going Concern Decisions: Insights from Practice
In FARview #29, Anna Gold (Vrije Universiteit Amsterdam), Dominic Detzen (Vrije Universiteit Amsterdam) and Marshall Geiger (University of Richmond) present the first results of their FAR-interview-study on auditors’ going concern decisions. Philip Wallage (Vrije Universiteit Amsterdam and Universiteit van Amsterdam) is also part of the research team, but was not present during the podcast.
The findings provide some initial insights from practice, on how audit professionals assess an auditee’s ability to continue as a going concern. The study follows the idea that engagement partners first need to recognize that the going concern is a critical issue at a client, before they set up and mobilize a network of internal and external actors that are involved in the going concern assessment. The engagement partner coordinates this network to negotiate both adequate management disclosures and the inclusion, or not, of an emphasis of matter paragraph in the audit opinion.
This work sheds some more light on the ‘black box’ of going concern assessments, both to reveal the complex decision-making process by auditors as well as to inform future studies on further research opportunities.
FARview
Sustainability assurance research is still in its early stages and many important questions remain unanswered.
According to Ulrike Thuerheimer (assistant professor in accounting at the University of Amsterdam) directions for future research include:
• How do financial statement and sustainability audits interact?
• What team characteristics matter?
• How do materiality concepts differ between the financial statement and sustainability audits?
• How does limited assurance differ from reasonable assurance concerning sustainability?
• How to measure the quality of sustainability reporting (and assurance), possibly with the help of AI?
• What is the impact of (changes in) European regulation?
• What are cross-country differences in what parties are allowed to provide sustainability assurance?
• How will the market and auditors react to future enforcement cases?
Ulrike underlines the importance of FAR in helping to get access to relevant data.
This video is an addition to Ulrike’s FARview podcast that was published last July: https://www.youtube.com/watch?v=gsTz2AFlpSc
FAR also recently published a booklet with 5 summaries of interesting articles on sustainability assurance. Here’s a link to the pdf of the publication:
https://lnkd.in/eUCQnv6c
There is also a Dutch version available:
https://lnkd.in/eMc64NVK
