Evaluating regulatory initiatives directed at audit firms to improve audit quality. This project will provide evidence as to whether recent regulatory initiatives are improving the quality of audits and provide a comparison of benefits associated with audit firm inspections under differing regulatory schemes. It will inform discussion as to whether these initiatives overcome identified problems in audit quality of listed companies.
Protecting Australia’s brand assets and stakeholder interests. International accounting standards have recently been harmonised to allow firms to recognise the value of purchased brands on their balance sheets, subject to an annual test to verify that value has not been impaired. There are no widely accepted methodologies with which to undertake such tests, despite the requirement for the balance sheet to provide a true and fair view of financial position. This research will develop three approa ....Protecting Australia’s brand assets and stakeholder interests. International accounting standards have recently been harmonised to allow firms to recognise the value of purchased brands on their balance sheets, subject to an annual test to verify that value has not been impaired. There are no widely accepted methodologies with which to undertake such tests, despite the requirement for the balance sheet to provide a true and fair view of financial position. This research will develop three approaches to calibrate brand impairment and draw lessons from applying them over a three year period. The outputs are twofold: first, a suite of detailed methods for accountants, auditors and financial analysts to measure and diagnose brand value; second, several key indicators that can be used to monitor signs of brand impairment.Read moreRead less
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
Leveraging power and influence on the United Nations Security Council. This project examines the fundamental problem of how elected members on the Security Council can influence Council decision-making and norm development. Assembling a research team of international lawyers and political scientists, the project seeks to provide a rigorous, multi-disciplinary evaluation of why and when non-permanent Council members have succeeded in having impact on the Council's decision-making process. Drawing ....Leveraging power and influence on the United Nations Security Council. This project examines the fundamental problem of how elected members on the Security Council can influence Council decision-making and norm development. Assembling a research team of international lawyers and political scientists, the project seeks to provide a rigorous, multi-disciplinary evaluation of why and when non-permanent Council members have succeeded in having impact on the Council's decision-making process. Drawing on recent experiences of elected members, including Australia, the project is expected to advance evidence-based and empirically grounded policy proposals designed to increase the capacity of elected members to exercise power and influence over the Council's agenda and policy.Read moreRead less
Global Challenges, Reluctant Publics? The Role of Public Opinion in International Cooperation on Crucial Global Issues. When challenges emerge that demand international cooperation, what is the facilitating or constraining role of public opinion in states’ ability for joint action? Which factors, under what conditions, influence citizens’ attitudes? Can governments or issue activists meaningfully change public opinion about crucial issues? Human society faces a number of major challenges to its ....Global Challenges, Reluctant Publics? The Role of Public Opinion in International Cooperation on Crucial Global Issues. When challenges emerge that demand international cooperation, what is the facilitating or constraining role of public opinion in states’ ability for joint action? Which factors, under what conditions, influence citizens’ attitudes? Can governments or issue activists meaningfully change public opinion about crucial issues? Human society faces a number of major challenges to its environmental, economic, and political wellbeing that are not contained by international borders and may require international cooperation for effective action. Developing and testing new theory, this project aims to address these under-explored issues of the role of opinion in multinational cooperation, and the degree to which opinion is an independent agenda setter.Read moreRead less
Shaping International Law in Global Transformations: Australian Experiences. This project aims to examine how Australia influences the development of international law in times of global transformation. The project proposes to develop a new analytical framework to understand how and why Australia has succeeded (or failed) in shaping the development of international law in four key periods of global transformation. Expected outcomes include empirical studies evaluating how, why and to what extent ....Shaping International Law in Global Transformations: Australian Experiences. This project aims to examine how Australia influences the development of international law in times of global transformation. The project proposes to develop a new analytical framework to understand how and why Australia has succeeded (or failed) in shaping the development of international law in four key periods of global transformation. Expected outcomes include empirical studies evaluating how, why and to what extent Australians managed to shape international law during these periods. These outcomes should provide benefits in the form of evidence-based proposals to enhance Australia's capacity to influence the development of international law in times of global transformation. Read moreRead less
Managing the world's most precious resource: The role of water accounting. This project contributes to the National Research Priorities goal to develop sustainable ways of improving water productivity, using less water in agriculture and other industries, and providing increased protection of rivers and groundwater. Robust and rigorous water accounting and assurance will allow water managers to identify and address system water losses, and will underpin increased market and investment confiden ....Managing the world's most precious resource: The role of water accounting. This project contributes to the National Research Priorities goal to develop sustainable ways of improving water productivity, using less water in agriculture and other industries, and providing increased protection of rivers and groundwater. Robust and rigorous water accounting and assurance will allow water managers to identify and address system water losses, and will underpin increased market and investment confidence in water information among water users. The collaborations between industry, academia, government and the accounting and water management professions will provide and demonstrate high profile, significant and timely international thought leadership in the emerging discipline of water accounting standards. Read moreRead less
Australia's Nuclear Choices. Australia's nuclear choices will be made in the context of a challenging and fluid international strategic environment characterised in Australia's immediate region by heightened global concerns regarding such transnational dilemmas as terrorism, energy security and nuclear proliferation. This project, through exploring the nature, evolution and consequences of contemporary strategic, military and civil nuclear developments impacting on the international non-prolifer ....Australia's Nuclear Choices. Australia's nuclear choices will be made in the context of a challenging and fluid international strategic environment characterised in Australia's immediate region by heightened global concerns regarding such transnational dilemmas as terrorism, energy security and nuclear proliferation. This project, through exploring the nature, evolution and consequences of contemporary strategic, military and civil nuclear developments impacting on the international non-proliferation regime will enable Australian policy-makers to better calibrate the costs and benefits of potential policy changes across these strategic, regime and market realms of Australia's nuclear interests.Read moreRead less
Small States' use of law of the sea litigation against greater powers. This project will investigate how small States are using law of the sea dispute settlement mechanisms to gain political advantages in conflicts with greater powers, including Security Council permanent members. It is important to understand how the UN Convention on the Law of the Sea can be leveraged to defend coastal State rights in strategic disputes concerning sovereign rights, unresolved boundaries, and military affairs. ....Small States' use of law of the sea litigation against greater powers. This project will investigate how small States are using law of the sea dispute settlement mechanisms to gain political advantages in conflicts with greater powers, including Security Council permanent members. It is important to understand how the UN Convention on the Law of the Sea can be leveraged to defend coastal State rights in strategic disputes concerning sovereign rights, unresolved boundaries, and military affairs. This research will better equip lawyers and policy makers to understand how such strategic litigation strengthens or undermines the rules based order at sea. The project will assist Australia to maintain its leading role in defending that maritime order and the UN Convention on the Law of the Sea as its cornerstone.Read moreRead less
Transnational environmental crime: applying network theory to an investigation of illegal trade, criminal activity and law enforcement responses. This project investigates illegal environmental trade, one of the fastest growing areas of transnational crime, and explores how governments and other actors can best develop effective law enforcement responses. It will expand our understanding of an under-researched field and strengthen the regulatory capacity of Australian government agencies.