Report 2002: Department of Accounting and Auditing (AA)
Solbjerg Plads 3
DK-2000 Frederiksberg
Head of Department: Carsten Krogholt Hansen
Telefon: +45 3815 2320
Fax: +45 3815 2321
E-mail: dbm.acc@cbs.dk
DK-2000 Frederiksberg
Head of Department: Carsten Krogholt Hansen
Telefon: +45 3815 2320
Fax: +45 3815 2321
E-mail: dbm.acc@cbs.dk
Highlights of 2002
- In 2002, the Department hosted the 25th Anniversary Congress of the European Accounting Association (EAA) with over 1000 participants. A Department professor was appointed president of EAA during this period and as one of his first tasks took steps to set up a committee for cooperation between the European research community and the European Union on future accounts regulation. In addition, the Department hosted the European Conference of Accounting Information Systems (ECAIS), which was launched just before EAA.
- Department contributions to stock market-based accounting research is obtaining increasing international recognition and despite its complexity was presented to professionals in Denmark.
- Department research in external accounts with special emphasis on further development of a conceptual frame of reference for external reporting left clear imprints on a new Danish Company Accounts Act applying to all Danish limited companies and private limited companies.
- The Department was affiliated to the research network of MODINET under STF (Major interdisciplinary researchers' groups) in a subproject on the harmonisation of international accounting and auditing standards and is responsible for organising similar projects under the auspices of NOS-S (Nordic social research cooperation board).
Academic profile
A number of different theories contribute with elements to clarify the development in the three Department disciplines, i.e. Corporate Management Control, External Accounting and Auditing. These theories range from economic theory and the derived agent theory and information theory approaches to institutional theory and corporate management theories as well as sociological and political science theories on human and organisational behaviour.
Corporate Management Control
Corporate Management Control deals with issues concerning the development and use of registration and management systems in various types of enterprises, including measuring and noise problems in connection with the registration and use of financial and non-financial key figures. Department research in Corporate Management Control concentrates mainly on management control and business formats, new management control tools and IT-based management information systems.
Corporate Management Control deals with issues concerning the development and use of registration and management systems in various types of enterprises, including measuring and noise problems in connection with the registration and use of financial and non-financial key figures. Department research in Corporate Management Control concentrates mainly on management control and business formats, new management control tools and IT-based management information systems.
External Accounting
In the field of External Accounting, the Department deals with theories, models and methods concerning external financial reporting, application of accounting information by users and financial markets, national and international accounting regulation and accounting practices. Research in External Accounting primarily concentrates on theoretic development of new models, concepts, types of reporting, etc., stock market-based accounting research and analytical descriptive studies of Danish accounting conventions, mainly in listed companies, and Danish and international accounting regulation. Recent Department research includes the study of the correlation between corporate governance and accounting, e.g. in relation to accounting-based remuneration and external reporting, including new accounting procedures.
In the field of External Accounting, the Department deals with theories, models and methods concerning external financial reporting, application of accounting information by users and financial markets, national and international accounting regulation and accounting practices. Research in External Accounting primarily concentrates on theoretic development of new models, concepts, types of reporting, etc., stock market-based accounting research and analytical descriptive studies of Danish accounting conventions, mainly in listed companies, and Danish and international accounting regulation. Recent Department research includes the study of the correlation between corporate governance and accounting, e.g. in relation to accounting-based remuneration and external reporting, including new accounting procedures.
Auditing
Auditing research includes various aspects in connection with the role of auditing in society, not least (1) accounting regulation, (2) changes in the accountancy profession, and (3) the role of auditors in connection with corporate governance, especially when evaluating internal control.
Auditing research includes various aspects in connection with the role of auditing in society, not least (1) accounting regulation, (2) changes in the accountancy profession, and (3) the role of auditors in connection with corporate governance, especially when evaluating internal control.
Research strategy
The overall objective of the Department is to develop and maintain selected profiles to appear as the obvious national centre of research in its three disciplines. This is expressed as follows:
The overall objective of the Department is to develop and maintain selected profiles to appear as the obvious national centre of research in its three disciplines. This is expressed as follows:
- International publication and research collaboration: Through publication in internationally recognised journals, anthologies, etc., the Department wishes to appear as a recognised research institution in the areas of management control, external accounting and auditing. Furthermore, the Department wishes to consolidate and develop its competence to a level which makes it a visible and interesting partner in international contexts.
- National publication and presentation: It is the objective of the Department to strike a balance between international and national publication rates by also giving the latter high priority. Thus, the Department wishes to influence the academic debate in Denmark by presenting both international research and its own results in a Danish context through articles, textbooks, committee work, etc.
Research results
The publication pattern shows a predominance of Danish publications, which reflects two conditions. First of all, the Department strategy of internationalisation has not penetrated sufficiently. Secondly, a number of young members of the academic staff have left, and it is often relatively easier to encourage young researchers to publish their results internationally. In future, more efforts will be made to increase international publication in terms of quantity as well as quality as is the case now.
The publication pattern shows a predominance of Danish publications, which reflects two conditions. First of all, the Department strategy of internationalisation has not penetrated sufficiently. Secondly, a number of young members of the academic staff have left, and it is often relatively easier to encourage young researchers to publish their results internationally. In future, more efforts will be made to increase international publication in terms of quantity as well as quality as is the case now.
Research relations to practice
It is a Department tradition and policy to play an important part in Denmark in order to promote the dialogue between theory and practice, thereby influencing Danish accounting and management control practices, accounting legislation, the release of new accounting and auditing guidelines, etc. Therefore, the Department is represented in the Accounts Council under the Danish Commerce and Companies Agency and in the Accounts Panel under the Danish Institute of State Authorized Public Accountants. As a result of their research projects, almost all members of the academic staff keep up close contacts with the Danish business community, and their research results are presented in relevant journals and through lectures and educational activities aimed at practice.
It is a Department tradition and policy to play an important part in Denmark in order to promote the dialogue between theory and practice, thereby influencing Danish accounting and management control practices, accounting legislation, the release of new accounting and auditing guidelines, etc. Therefore, the Department is represented in the Accounts Council under the Danish Commerce and Companies Agency and in the Accounts Panel under the Danish Institute of State Authorized Public Accountants. As a result of their research projects, almost all members of the academic staff keep up close contacts with the Danish business community, and their research results are presented in relevant journals and through lectures and educational activities aimed at practice.
Last updated by Anders Krag 09/02/2005
