The Lecture series on International Accounting Regulation & Corporate Governance, organized jointly with the “UAM-Auditores Madrid” Chair in Corporate Financial Reporting, aims to bring together professionals, academics, students and general public interested in Financial Economics and Accounting, to debate about existing international accounting regulation and firm corporate governance issues. To that end, we invite expert academics and regulators to present different, and often controversial, points of view on the role of financial information, the advances in accounting regulation and in corporate governance, and the future challenges to achieve more efficient capital markets.

Venue

Salón de Actos

Fundación Ramón Areces

Vitruvio, 5, 28006 Madrid

Coordinators

Leandro Cañibano Calvo

Universidad Autónoma de Madrid

Beatriz García Osma

Universidad Carlos III de Madrid

Conference 1

May 30th 2023, at 19h: Prof. Richard Baker, University of Oxford / International Sustainability Standards Boards

"Sustainability Reporting Standards - Global and European"

ABSTRACT -  EU law requires all large companies and all listed companies to disclose information on what they see as the risks and opportunities arising from social and environmental issues, and on the impact of their activities on people and the environment. A broad set of large companies, as well as listed SMEs, will be required to report on sustainability – approximately 50.000 companies in total. Prof. Barker, currently a member of ISSB (standard regulator on this issue) will discuss the upcoming regulation on sustainability reporting as well as existing perspectives in Europe and Worldwide.

BIO

Richard Barker was appointed as a full-time member of the International Sustainability Standards Board (ISSB) in June 2022, effective 8 July 2022. Before joining the ISSB, he served as deputy dean and professor of accounting at Saïd Business School, University of Oxford, UK. In this capacity, he led Oxford Saïd’s sustainable business initiatives. He has published a wide range of academic research papers on accounting and sustainability disclosures. He has chaired the expert panel of Accounting for Sustainability (A4S) and served as a member of several committees and bodies focused on corporate reporting in the UK and Europe, including the UK Corporate Reporting Council (UK accounting standard-setter), the Financial Reporting Advisory Board and the European Accounting Association’s Accounting Standards Committee. Professor Barker served as a research fellow at the International Accounting Standards Board from 2001 to 2007.

E-mail: richard.barker@ifrs.org 

https://www.ifrs.org/groups/international-sustainability-standards-board/profiles/richard-barker/

Conference 2

October 26th 2023, at 19h: Prof. Katherine Schipper, Duke University

"Audit Materiality Judments: Insights from Regulators"

ABSTRACT - Recent data obtained from the PCAOB (Public Company Accounting Oversight Board) indicate that materiality in audits is not set by applying simple rules (e.g. 5% of pre-tax profit), but is associated with different figures of results, sales and assets, depending on the size and performance of the audit clients. High materiality is associated with fewer audit hours and audit fees, but also with fewer adjustments suggested by auditors and subsequently with a higher probability of material misstatements in the financial statements. Prof. Schipper will discuss the US evidence on value judgments in relation to materiality, and their consequences.

BIO

Katherine Schipper is the Thomas F. Keller Professor of Business Administration at Duke University’s Fuqua School of Business. She was a Board member of the Financial Accounting Standards Board (FASB), and a faculty member at Carnegie Mellon University and the University of Chicago.  She is a frequent speaker on matters related to international accounting convergence, financial reporting standard setting and financial reporting quality. She has been named the American Accounting Association’s Outstanding Educator and Distinguished International Lecturer, and has been elected to the Accounting Hall of Fame. She has served the American Accounting Association as Director of Research, as President and as President of the Financial Accounting and Reporting Section. Ms. Schipper holds honorary degrees from Notre Dame University, the Norwegian School of Economics, the Stockholm School of Economics and the Singapore Management University.

E-mail: schipper@duke.edu 

https://www.fuqua.duke.edu/faculty/katherine-schipper

INFORMATION TO ATTEND

Attendance is free, but it is necessary to register. Please refer to the following address to register:

Patricia Casado: info.macam@uam.es