Enhancing integrated reporting: implications for internal and external reporting and assurance. There is an increasing global demand for companies to prepare integrated reports that includes both financial and nonfinancial information. This project uses a multidisciplinary approach to provide evidence on the claimed benefits of integrated reporting to inform the development of an international integrated reporting and assurance framework.
Keeping Capital Markets Efficient: A National Strategy on the Future of Auditing. The lack of confidence in the reliability of financial statement information is costly to the Australian capital market. The auditing profession is also struggling to attract and retain skilled professionals, which can erode audit quality. Using a rigorous research design to understand business community expectations and concerns, this project will provide a national forum that informs and directs responsible natio ....Keeping Capital Markets Efficient: A National Strategy on the Future of Auditing. The lack of confidence in the reliability of financial statement information is costly to the Australian capital market. The auditing profession is also struggling to attract and retain skilled professionals, which can erode audit quality. Using a rigorous research design to understand business community expectations and concerns, this project will provide a national forum that informs and directs responsible national strategy to ensure that high quality audit services are procured by corporate Australia. Improved audit quality will have the effect of improving the efficiency and attractiveness of the Australian capital market and address the skill shortage in auditing. Read moreRead less
Climate Risk Disclosure: Developing Measures for Best Practice . This project aims to investigate how firms should disclose the impact of climate-related risk on financial statements, the contribution of their own activities to climate risk and a best practice set of quantifiable metrics that can be assured by auditors. The aims will be achieved through surveys of chief financial officers and auditors and generation of input-output models at the firm level. The outcomes will benefit accountants ....Climate Risk Disclosure: Developing Measures for Best Practice . This project aims to investigate how firms should disclose the impact of climate-related risk on financial statements, the contribution of their own activities to climate risk and a best practice set of quantifiable metrics that can be assured by auditors. The aims will be achieved through surveys of chief financial officers and auditors and generation of input-output models at the firm level. The outcomes will benefit accountants and auditors who calibrate these impacts, and regulators such as the Australian Accounting Standards Board and Auditing and Assurance Standards Board, in developing accounting disclosure and auditing standards. It is vital to investors, insurers and governments for efficient resource allocation and planning. Read moreRead less
Modeling the relations between the incidence of within-firm corporate fraud and the quality of corporate governance structures. Organisations operating in market economies have agency problems because the managers of the firm are rarely the owners. One costly outcome is the incidence of fraud within organisations. In recent times organisations have developed and refined corporate governance structures. To date there has been little analysis of the effect that corporate governance has on the inci ....Modeling the relations between the incidence of within-firm corporate fraud and the quality of corporate governance structures. Organisations operating in market economies have agency problems because the managers of the firm are rarely the owners. One costly outcome is the incidence of fraud within organisations. In recent times organisations have developed and refined corporate governance structures. To date there has been little analysis of the effect that corporate governance has on the incidence of with-in firm fraud. The aim of this research is to build and test a model of the relations between within-firm fraud and corporate governance systems that can be used as a diagnostic tool by industry to monitor and manage risk.Read moreRead less
Integrated Financial Fraud Detection in Enterprise Applications. Fraud costs the Australian economy at least $3 billion per year. The incidence of fraud within the Australian economy is increasing. Australian entities are ill-prepared to detect and prevent fraud against their businesses with very few developing or implementing any form of fraud control strategy (AS 8001-2003). The growing use of the Internet by organisations for electronic commerce increases their exposure to fraudulent activiti ....Integrated Financial Fraud Detection in Enterprise Applications. Fraud costs the Australian economy at least $3 billion per year. The incidence of fraud within the Australian economy is increasing. Australian entities are ill-prepared to detect and prevent fraud against their businesses with very few developing or implementing any form of fraud control strategy (AS 8001-2003). The growing use of the Internet by organisations for electronic commerce increases their exposure to fraudulent activities. Inevitably much of the cost of fraud is passed on to the customers and the community at large. By providing large organisations with an approach to assist in detecting fraudulent behaviour in accounting systems, it is envisaged that this research will assist in reducing the impact of fraud on society.Read moreRead less
The role of Activity-based costing within the Defence Forces. The aim of the research project is to enhance understanding of the implementation processes involved in the effective application of Activity-based Cost Management (ABCM) within Defence Organizations. A framework is developed that draws on organizational theories as they relate to behavioral implementation factors and change management. The research proposes that the beneficial effects of ABCM require attention to behavioral and org ....The role of Activity-based costing within the Defence Forces. The aim of the research project is to enhance understanding of the implementation processes involved in the effective application of Activity-based Cost Management (ABCM) within Defence Organizations. A framework is developed that draws on organizational theories as they relate to behavioral implementation factors and change management. The research proposes that the beneficial effects of ABCM require attention to behavioral and organizational factors during the early stages of implementation. Attention to several of these factors provides the basis to overcome resistance to change in early implementation, while attention to others ensures sustained development and acceptance of ABCM.Read moreRead less
Strategic Resource Management in the Twenty-First Century: an Australian Perspective. Strategic resource management (SRM) is evolving rapidly due to the information revolution. Much is claimed for 'good' SRM but there is little hard evidence to support these claims. This project will develop theoretical frameworks to codify the multi-disciplinary nature of SRM, empirically gather data on SRM practices by questionnaire and interview surveys, benchmark firms and identify exemplars of best practi ....Strategic Resource Management in the Twenty-First Century: an Australian Perspective. Strategic resource management (SRM) is evolving rapidly due to the information revolution. Much is claimed for 'good' SRM but there is little hard evidence to support these claims. This project will develop theoretical frameworks to codify the multi-disciplinary nature of SRM, empirically gather data on SRM practices by questionnaire and interview surveys, benchmark firms and identify exemplars of best practice. The results of the research will be published annually in a monograph for dissemination to Australian senior management. Significant findings will be published in academic journals.Read moreRead less
InformationTechnology (IT) Audit Methodologies in the Australian Public Sector: Addressing Mandatory Requirements of International Standards. The primary benefit occurs in relation to National Research Priority 3: Frontier Technologies for Building and Transforming Australian Industries, notably Priority Goal 'Smart Information Use', as it will enable more sophisticated and accurate assessments of current IT audit methodologies. In turn, these improvements will enable more effective IT audits by ....InformationTechnology (IT) Audit Methodologies in the Australian Public Sector: Addressing Mandatory Requirements of International Standards. The primary benefit occurs in relation to National Research Priority 3: Frontier Technologies for Building and Transforming Australian Industries, notably Priority Goal 'Smart Information Use', as it will enable more sophisticated and accurate assessments of current IT audit methodologies. In turn, these improvements will enable more effective IT audits by government audit offices in Australia, bringing reduced risk and increased efficiency to organisations subject to audit, as well as increasing conformance with the new accounting and auditing standards. Furthermore, all Australian citizens, (the indirect clients of public sector audit services), will benefit from well-managed program-delivery systems.Read moreRead less
Developing a Model for the Evaluation of Australian Public Private Partnerships. The primary aim of this research project is to improve the long-term evaluation of Australian Public Private Partnerships (PPPs). Growing commitments by governments to the use of PPPs to deliver infrastructure-based services have created an urgent need for the development of evaluation systems to ensure that PPPs deliver efficiency and effectiveness for taxpayers as claimed. Further there is a need to ensure that th ....Developing a Model for the Evaluation of Australian Public Private Partnerships. The primary aim of this research project is to improve the long-term evaluation of Australian Public Private Partnerships (PPPs). Growing commitments by governments to the use of PPPs to deliver infrastructure-based services have created an urgent need for the development of evaluation systems to ensure that PPPs deliver efficiency and effectiveness for taxpayers as claimed. Further there is a need to ensure that the quality of welfare-based services is not diminished through the use of PPPs.
A key outcome of this research is the development of a theoretically and empirically based post project evaluation model, developed with full support from key stakeholders, including Auditors-General and Public Accounts Committees.Read moreRead less
Developing a Resource Allocation Framework to support more effective police investigations of major crime. The project addresses National Research Priority 4: Safeguarding Australia. This priority has a goal to protect Australia from terrorism and crime. Improving resource allocation decisions will enable police resources to be more effective in detecting and preventing crime. The project addresses the goal of all police agencies to reduce crime by enhancing the capability to manage resources mo ....Developing a Resource Allocation Framework to support more effective police investigations of major crime. The project addresses National Research Priority 4: Safeguarding Australia. This priority has a goal to protect Australia from terrorism and crime. Improving resource allocation decisions will enable police resources to be more effective in detecting and preventing crime. The project addresses the goal of all police agencies to reduce crime by enhancing the capability to manage resources more efficiently and effectively. This requires a more innovative culture that uses the available management information intelligently to make better (in terms of outcomes) resource allocation decisions. Read moreRead less