Four research grants valued at £20,000 each are on offer for successful research and evidence on new and emerging business issues which affect and impact on auditing standards, and for which new rules may need to be drafted
The global audit standard-setter, International Auditing and Assurance Standards Board (IAASB), ICAS and the International Association for Accounting Education and Research (IAAER) are inviting candidates, including academics interested in producing papers, to produce evidence and research on contemporary issues to specifically address their standard-setting around issues pertaining to:
- Data analytics
- Audit quality
- Preliminary announcements and the role of the audit
- Professional judgment and professional scepticism
- New and revised auditor reporting standards
Successful candidates will be expected to present research progress along agreed timelines and submit a report for publication by the IAASB, ICAS and IAAER.
Launch events for the reports may also be held to encourage dissemination of the findings and research impact amongst the profession and policy makers.
IAASB chair, professor Arnold Schilder, said that the IAASB has recently begun several new projects under its Strategy for 2015-2019.
‘This research program is an important means to obtain insights into new and emerging issues, particularly in the areas of innovation, audit quality and implementation,’ said professor Schilder.
Anton Colella, ICAS chief executive, said that ICAS is committed to supporting world class research which informs future policy and is delighted to be working with the IAASB and IAAER to support research which will inform and assist with the development of the highest quality audit and assurance standards.
‘By focusing on crucial and emerging issues, such as data analytics, the research will help both the profession and the standard setting process evolve and continue to deliver the high quality audits required by both the global markets and the public,’ said Colella.
IAAER president, Katherine Schipper, said that the organisation is ‘both delighted and honoured to work with ICAS and the IAASB in this research program.’
‘Fostering and encouraging high quality, rigorous research that aims to inform and support the independent standard-setting activities of the IAASB is wholly consistent with one of the foundational principles of IAAER’s mission, namely, to maximize the academic community’s contribution to the development of high quality global standards of accounting practice,’ said Schipper.
The deadline for submission of proposals is 1 October 2015.
Find out more about the call for research here