Boundary of Climate-related Risks in the Financial Statements: Current Practice, Perspectives and Standard-setting Implications
The purpose of this study is to support theoretical developments and provide empirical evidence to inform International Accounting Standards Board (IASB) decision-making regarding standards and guidance relevant to communicating climate-related risks to be disclosed in financial statements. ANU Chief Investigator is Professor Marvin Wee (RSA), with collaborating researchers Prerana Agrawal (University of Western Australia), Lyndie Bayne (University of Western Australia), and Niclas Hellman (Stockholm School of Economics). The project is funded by the International Association for Accounting Education & Research (IAAER) and commenced in 2023.
CEO employment opportunities and the path to innovation
This project, funded by the Accounting and Finance Association of Australia and New Zealand (AFAANZ), examines whether the strength of CEO external employment opportunities influences firms' choice to innovate. We argue that the size of the CEO's external pay gap, which measures the strength of external tournament incentives facing the CEO, can affect whether firms prefer internal research and development (R&D) or external technological acquisitions to achieve innovation. We expect the CEO's external pay gap to change firms' spending on technology acquisitions due to its impact on CEO risk-taking and empire-building incentives. Researchers on this project are Dr Yue Cai (RSA) and Professor Mark Wilson (RSA).
Blockchain Technology Initiatives Following Cyberattacks
This project, funded by the Accounting and Finance Association of Australia and New Zealand (AFAANZ), explores how firms respond to cyberattacks, focusing on the potential for blockchain technology to restore their reputation, improve data integrity, and strengthen cybersecurity measures. Specifically, the project will examine whether firms targeted by cyberattacks are more likely to pursue blockchain initiatives in response. Additionally, the project will investigate how the market reacts to these actions and whether blockchain technology can help reduce the likelihood of future cyberattacks. The results will not only provide valuable insights for firms seeking to restore their corporate image and strengthen their cybersecurity measures but also have implications for investors and other stakeholders. Chief Investigator is Dr Lingwei Li (RSA).
The purchases of non-audit services from Australian auditors and audit quality
This project, funded by the Accounting and Finance Association of Australia and New Zealand (AFAANZ), aims to examine whether joint purchases of non-audit (NAS) and audit services from Australian company auditors are associated with audit quality (AQ). Chief Investigator is Dr Madhukar Singh (RSA).