Oxford Said Business School

2266tthh AAUUDDIITT && AASSSSUURRAANNCCEE CCOONNFFEERREENNCCEE Organised by The Auditing Special Interest Group (ASIG) of the British Accounting & Finance Association (BAFA) at Said Business School, University of Oxford, Oxford, UK

Conference Programme

DDAAYY 11 –– TThhuurrssddaayy 55 MMaayy 22001166 09.30 Registration/coffee in Club Room 10.00 - 10.10 Room 02 Introduction – ilias G Basioudis , Chairman of Auditing Group, and Aston Business School

10.10 – 10.40 Session 1 : Room 02 Keynote speech 1: “Enhancing audit quality: the audit committee's role after the EU audit reform and Audit Quality Indicators” Noémi Robert , Senior Manager, Audit, Assurance & Integrity , FEE Federation of European Accountants Chair: ilias G Basioudis , Chairman of Auditing Group, and Aston Business School

10.40 - 11.40 Session 2a: Room 01 Session 2b: Room 02 “Assurance Reporting” “Auditor reporting decisions” Combined Assurance As A New Does the reporting of key audit matters affect Assurance Approach: Is it Beneficial to the auditor’s report communicative value? Analysts? Experimental evidence from investment Shan Zhou professionals (The University of Sydney) Annette G. Köhler Roger Simnett (University of Duisburg-Essen ) (The University of New South Wales) Nicole V.S. Ratzinger-Sakel Hien Hoang (University of Hamburg) (The University of New South Wales) Jochen C. Theis all from Australia (University of Duisburg-Essen ) all from Germany Audit committees and the demand for

sustainability reporting assurance Tell Me More: A Content Analysis of Mahbub Zaman Expanded Auditor Reporting in the United (Queensland University of Technology, Kingdom Australia) Kecia Williams Smith Habiba Al-Shaer (Texas A&M University, USA) (Newcastle University, UK)

Chair: Marcel Steller , University of Chair: Roy Chandler , Exec Cmt member, Innsbruck, Austria Auditing SIG of BAFA, and Cardiff Univ., UK

11.40 – 11.55 Coffee break in Club Room

This event is sponsored by ICAS and supported by Aston Business School in Birmingham. Also, part of the costs of this event are being paid by ICAEW’s charitable trusts which support educational projects relating to accountancy and economics. 2266tthh AAUUDDIITT && AASSSSUURRAANNCCEE CCOONNFFEERREENNCCEE Organised by The Auditing Special Interest Group (ASIG) of the British Accounting & Finance Association (BAFA) at Said Business School, University of Oxford, Oxford, UK

11.55 – 12.40 Room 02 ICAS Session, Session 3: “Assurance: Where next? – The case of FBU” Ian Fraser (Stirling University) will present his recent ICAS research report “ Fair, balanced and understandable: Enhancing corporate reporting and assurance? ” Chair: Anne Adrain , Assistant Director, Sustainability & Assurance, ICAS

12.40 - 13.30 Buffet lunch in Dining Room

13.30 –14.30 Session 4a: Room 01 Session 4b: Room 02 “Audits in the banking industry” “SOX Policies and PCAOB inspections” Systemic risk and auditors’ propensity Assessing SEC pre-SOX policies against to issue going concern opinions within widespread earnings management the banking industry Joseph Kerstein Anne Albrecht (Yeshiva University), Matt Glendening Atul Rai Kyonghee Kim (Wichita State University), Raynolds Pereira both from the USA (All from the University of Missouri-

Columbia, USA) Regulatory capture, neutrality, or self-interest? The case of PCAOB inspection findings Banks and their Big 4 auditors: Matthew Ege competition where art thou? (Texas A&M University) Ines Simac W. Robert Knechel Simon Dekeyser (University of Florida) Marleen Willekens Phillip T. Lamoreaux (All from the KU Leuven, Belgium) (Arizona State University) All from the USA

Chair: Andrew Ferguson , UTS, Chair: Ian Fraser , Exec Cmt member, Auditing SIG Australia of BAFA, and University of Stirling, UK

14.30 – 15.30 Session 4a continues : Room 01 Session 4b continues : Room 02 “The auditor as watchdog and “The Big Data use and materiality judgements” professional scepticism” Big data, data analytics and the evolution of The enduring and endearing quality auditing in public practice accounting firms of the ‘auditor as watchdog’ George Salijeni metaphor (University of Manchester and University of South Roy Chandler Wales, UK), (University of Cardiff, UK) Anna Samsonova-Taddei (University of Manchester, UK) Stuart Turley A cross-national investigation of (University of Manchester, UK)

professional skepticism judgments:

the role of informal institutions Auditors’ materiality judgments under integrated Olof Bik reporting: the impact of strategic relevance and (Nyenrode University) strategic linkages Reggy Hooghiemstra Wendy J. Green (University of Groningen) Mandy M. Cheng Both from the Netherlands (both from UNSW, Australia)

Chair: Stephani Mason , DePaul Chair: Ken Trotman , UNSW, Australia University, USA 15.30 - 15.45 Coffee break in Club Room 15.45 - 16.25 Room 02 Session 5, Public Sector session : “Auditing Government” Sir John Bourn , K.C.B., Honorary Fellow of the London School of Economics, Visiting Professor at Bournemouth University and former Comptroller and Auditor General of the United Kingdom, Auditor General of Wales, and Member of the Financial Reporting Council Sarah Howard , Head of Public Sector Assurance, Grant Thornton UK LLP Chair: Michelle Crickett , Director of Research, ICAS, UK 16.25 - 17.30 Room 02 Panel Session, Session 6 : “The future of the auditing profession” Gilly Lord , Partner and Head of Regulatory Affairs, PwC UK LLP Andrew Hobbs , Partner, Corporate Governance & Public Policy, EY UK Revered Andrew Baughen , St James's Church, Clerkenwell Dr. Fiona Stevenson , Faculty of Popular Health Sciences, UCL Chair: Steve Maslin, Partner, Grant Thornton UK LLP

17.30 – 18.00 Room 02 --- AGM of Auditing Special Interest Group of BAFA (everyone is welcome )

18.15 Coach departure from Said Business School (so please be outside the Said Business School from 18.00 ) 18.45 Blenheim Palace tour 19.30 Pre-dinner drinks, Blenheim Palace 20.00 Dinner, Blenheim Palace, Orangery Room followed by a Ceilidh 23.30 Coach departure from Blenheim Palace to Said Business School

Conference Programme

DDAAYY 22 –– FFrriiddaayy 66 MMaayy 22001166 08.15 - 08.30 Arrival coffee in Club Room 08.30 - 09.00 Room 02 ICAEW Session: “False Assurance ”: the new ICAEW drama film about professional judgments and ethics which ‘should be part of every university business class’ Chair: Duncan Wiggetts , Director of the Professional Conduct Department, ICAEW

09.00 - 10.00 Session 7a: Room 01 Session 7b: Session 7c: Room 07 “Audit quality 1” Room 02 “Auditing issues: tenure, females Audit quality and risk involvement, non-audit services” preferences: empirical “Audit pricing” Audit firm tenure and audit quality in a evidence of the auditor constrained market and investor’s Due to a paper Masoud Azizkhani perspectives cancelation, the (The Australian National University) Sabine Graschitz above ICAEW Reza Daghani Marcel Steller session: “False (Tarbiat Modares University, Iran) (both from the Assurance ” Greg Shailer University of Innsbruck, continues (The Australian National University) Austria) 09.00-09.30 Do the presence of females involved in the financial reporting, and the Audit quality and interactions between them, affect properties of analysts’ 09.30-10.00 accounting conservatism? information Meta-regression Isabelle Allemand environment in auditing (Dijon Business School, France) Stephen Taylor research: Paul Andre (University of Evaluating the (HEC Lausanne, Switzerland) Technology Sydney) evidence on the Bénédicte Brullebaut Wen He Big N audit firm (Dijon Business School, France) (UNSW) premium Alain Schatt Baljit Sidhu David Hay (HEC Lausanne, Switzerland) (UNSW) (University of All from Australia Auckland, New The impact of the non-audit services Zealand) regulations on auditor independence and financial reporting quality: The UK Chair: Joseph Kerstein , perspective Yeshiva University Chair: David Shahidul Islam Godsell , (University of Cardiff, UK) University of

Kent, UK Chair: Helen Watson , Northumbria This event is sponsored by ICAS and supported by Aston Business School in Birmingham. Also, part of the costs of this event are being paid by ICAEW’s charitable trusts which support educational projects relating to accountancy and economics. 2266tthh AAUUDDIITT && AASSSSUURRAANNCCEE CCOONNFFEERREENNCCEE Organised by The Auditing Special Interest Group (ASIG) of the British Accounting & Finance Association (BAFA) at Said Business School, University of Oxford, Oxford, UK

University, UK

10.00 – 11.00 Room 02 Session 8: ICAEW session: “The journey to professional: the role of university in fostering critical capacity and moral motivation” Chair: Martin Martinof , Programme Manager, ICAEW

11.00 - 11.15 Coffee break in Club Room

11.15 – 11.45 Room 02 Session 9: Keynote speech 2: “Developments in audit regulation and standards” Melanie McLaren , Executive Director of Audit, FRC Chair: Martin Nolan , Exec Cmt member, Auditing SIG of BAFA, and ITT Dublin 11.45 - 12.45 Session 10 a: Room 01 Session 10 b: Room 02 Session 10c: Room 07 “Auditing Education” “Audit quality 2” “Market responses” Simulation – is it all Independent and joint Economic importance of the client: when worth it? The impact effects of audit partner do shareholders care about auditor of simulation from the tenure and non-audit independence? perspective of fees on audit quality: A Sven Hörner accounting students post-CLERP 9 study (University of Wuerzburg, Germany) Wendy Mason Burdon Abhijeet Singh Jacob J. Leidner (University of Harjinder Singh (University of Wuerzburg, Germany) Northumbria, UK) Nigar Sultana Kirsty Abrahams John Evans From small auditor dissatisfaction to (University of (all from Curtin active resistance: a practice theoretical Northumbria, UK) University, Australia) perspective on the “palace revolt” in the German auditing profession

Markus Grottke A Framework for the The impact of partners’ (University Passau, Germany) development of case incentives on audit Hansrudi Lenz studies in auditing to quality in Big 4 (University Wuerzburg) enhance ethical partnerships Lukas Löhlein awareness: an Simon Dekeyser (London School of Economics, UK) instructional design (KU Leuven, Belgium)

through ethics Ann Gaeremynck Market reaction to shareholder education, reflective (KU Leuven, Belgium) ratification of external auditors writing and W. Robert Knechel Paul Tanyi documentation of (University of Florida) (UNC Charlotte, USA) professional Marleen Willekens Kristin Roland disciplines (KU Leuven, Belgium) (UNC Charlotte, USA) Chanida Yarana

(Univeristy of Dundee, Chair: David Hay , This event is sponsored by ICAS and supported by Aston Business School in Birmingham. Also, part of the costs of this event are being paid by ICAEW’s charitable trusts which support educational projects relating to accountancy and economics. 2266tthh AAUUDDIITT && AASSSSUURRAANNCCEE CCOONNFFEERREENNCCEE Organised by The Auditing Special Interest Group (ASIG) of the British Accounting & Finance Association (BAFA) at Said Business School, University of Oxford, Oxford, UK

UK) University of Chair: Matt Glendening , University of Auckland, NZ Missouri-Columbia, USA Chair: Paul DeLange ,

Curtin University, Australia 12.45 – 13.45 Session 10a continues : Room Session 10b continues : Session 10c continues : Room 07 01 Room 01 “Fraud and audit report” “Auditor interactions” “Municipal and Strengthening the audit report: Audit firm rotation vs voluntary audits” reforms supported by the IAASB centralized auditor-client Auditing long-term in the post-crisis period matching – experimental plans in a municipal George-Silviu CORDOŞ evidence on the quality of setting and Melinda-Timea FÜLÖP audited financial statements knowledge spillover Adriana TIRON-TUDOR Thomas Hattenbach Michael E. Bradbury (all from the (University of Konstanz), (Massey University, Babeş-Bolyai University, Romania) Ulrike Stefani NZ) (University of Konstanz), Adrian Raftery An examination of the Fraud both from Germany (Deakin University, Triangle Model - Implications for Australia) External Auditors and Audit

Tom Scott Regulators The role of tacit knowledge (University of Rasha Kassem in auditor expertise and Auckland, NZ) (University of Brighton, UK) human capital development Andrew Higson Jasmijn C. Bol (Loughborough University, UK) (Tulane University, USA), Changes in voluntary

Cassandra Estep audit and credit The Effect of Forensic Expertise (University of Illinois at scores and Time Pressure on Fraud Risk Urbana-Champaign, USA), David Lont Assessment and Responsiveness Frank Moers (University of Otago, Inez G. F. Verwey (Maastricht University, NZ) (Nyenrode University, the Netherlands), Thomas Scott Netherlands) Mark E Peecher (University of Stephen K. Asare (University of Illinois at Auckland, NZ) (University of Florida, USA) Urbana-Champaign, USA)

Chair: Robert Knechel , Chair: Laura Spira , Oxford University of Florida, Chair: Alain Schatt , HEC Brookes University, UK Lausanne, Switzerland USA

13.45 – 14.00 Closing remarks

14.00 Buffet lunch in Dining Room ------