Emeritus Professor
Accounting & Finance University of Stirling, Stirling, FK9 4LA
I joined the university as a Professor of Accounting in 2004. I was the Head of the Accounting and Finance Division, Stirling Management School, from 2011 to 2016. I retired from primary academic activities in July 2020 and I am now a Professor of Accounting Emeritus. I have a professional accounting background. After graduating in Modern History and Political Economy at the University of Glasgow, I qualified as a Chartered Accountant (CA, 1978) with Thomson McLintock and Co (one of the predecessor firms of KPMG) with whom I gained post-qualifying experience as an audit manager. I joined the University of Strathclyde as a lecturer in accounting in 1981. I moved to Glasgow Caledonian University in 1991 where I was, successively, senior lecturer, reader and executive director of the centre for risk and governance. I was appointed to a chair in accounting at Stirling in 2004. Throughout my career I have maintained close links with the profession and, in particular, with the Institute of Chartered Accountants of Scotland (ICAS). My principal research interests are in the areas of auditing and corporate governance while I also have an interest in income and value theory, including the valuation of art and artworks. I am also interested in the implications of Christian faith and belief for how we think about accounting, finance and economics.
My principal research intereststhroughout my career have been in auditing, corporate governance and financial reporting. I have received funding from the Institute of Chartered Accountants of Scotland (ICAS) to carry out several major projects in audit and corporate governance. My research work has resulted in policy proposals for the significant reform of audit and assurance and of audit reports. My overarching research objective throughout my career has been to produce quality work that is useful to the accounting profession and to society. My principal interests have included the audit of narrative disclosures, the role of auditing standards, the relevance of national culture to audit practice, business risk auditing, audit independence and professional ethics . I also have a research interest in the portrayal of accounting in literature including the works of Charles Dickens. I am currently (2021) involved in collaborative work with Dr Boram Lee, University of South Australia, on the valuation and pricing of contemporary artworks and with Dr Hee Jung Hong, Faculty of Health Sciences and Sport, University of Stirling, on the financial and other challenges faced by elite athletes transitioning out of sport.
The Edinburgh Magdalene Asylum- An Accounting History
PI: Professor Lisa Evans
Funded by: The British Academy
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The Future of Audit Assurance: A Focus on the Management Commentary Discussion Paper of the IASB
PI: Professor Ian Fraser
Funded by: S A T E R
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Article
Adaptation of the Five-Step Career Planning Strategy Framework: A Pilot Intervention Case Study
Hong HJ & Fraser I (2022) Adaptation of the Five-Step Career Planning Strategy Framework: A Pilot Intervention Case Study. Case Studies in Sport and Exercise Psychology, 6 (1), pp. 62-69. https://doi.org/10.1123/cssep.2021-0033
Article
The role of institutional relationships in shaping the career development of emerging artists
Fillis I, Lee B & Fraser I (2022) The role of institutional relationships in shaping the career development of emerging artists. Arts and the Market, 12 (2), pp. 133-149. https://doi.org/10.1108/aam-04-2022-0021
Article
To sell or not to sell? Pricing strategies of newly-graduated artists
Lee B, Fraser I & Fillis I (2022) To sell or not to sell? Pricing strategies of newly-graduated artists. Journal of Business Research, 145, pp. 595-604. https://doi.org/10.1016/j.jbusres.2022.03.035
Article
Hong HJ & Fraser I (2022) Organisational Support for High-Performance Athletes to Develop Financial Literacy and Self-Management Skills. Journal of Risk and Financial Management, 15 (1), Art. No.: 17. https://doi.org/10.3390/jrfm15010017
Article
Hong HJ & Fraser I (2021) 'My Sport Won't Pay the Bills Forever': High-Performance Athletes' Need for Financial Literacy and Self-Management. Journal of Risk and Financial Management, 14 (7), Art. No.: 324. https://doi.org/10.3390/jrfm14070324
Article
Creative Futures for New Contemporary Artists: Opportunities and Barriers
Lee B, Fraser I & Fillis I (2018) Creative Futures for New Contemporary Artists: Opportunities and Barriers. International Journal of Arts Management, 20 (2), pp. 9-19. https://www.gestiondesarts.com/en/creative-futures-for-new-contemporary-artists-opportunities-and-barriers#.XBO2lNL7Rph
Article
Lee B, Fraser I & Fillis I (2017) Nudging Art Lovers to Donate. Nonprofit and Voluntary Sector Quarterly, 46 (4), pp. 837-858. https://doi.org/10.1177/0899764017703708
Research Report
Fair, Balanced and Understandable: Enhancing corporate reporting and assurance?
Fraser I & Lee B (2016) Fair, Balanced and Understandable: Enhancing corporate reporting and assurance?. The Institute of Chartered Accountants of Scotland. https://www.icas.com/technical-resources/fair-balanced-and-understandable-enhancing-corporate-reporting-and-assurance
Article
Fillis I, Lee B & Fraser I (2015) Measuring the cultural value of the Royal Scottish Academy New Contemporaries Exhibition as a platform for emerging artists. Cultural Trends, 24 (3), pp. 245-255. https://doi.org/10.1080/09548963.2015.1066076
Article
What drives mandatory and voluntary risk reporting variations across Germany, UK and US?
Elshandidy T, Fraser I & Hussainey K (2015) What drives mandatory and voluntary risk reporting variations across Germany, UK and US?. British Accounting Review, 47 (4), pp. 376-394. https://doi.org/10.1016/j.bar.2014.06.001
Article
The application of business risk audit methodology within non-Big-4 firms
Kutum I, Fraser I & Hussainey K (2015) The application of business risk audit methodology within non-Big-4 firms. Journal of Financial Reporting and Accounting, 13 (2), pp. 226-246. https://doi.org/10.1108/JFRA-03-2014-0015
Article
Abdullah M, Evans L, Fraser I & Tsalavoutas I (2015) IFRS Mandatory disclosures in Malaysia: The influence of family control and the value (ir)relevance of compliance levels. Accounting Forum, 39 (4), pp. 328-348. https://doi.org/10.1016/j.accfor.2015.05.003
Research Report
Fillis I, Lee B & Fraser I (2015) Measuring the Cultural Value of the Royal Scottish Academy New Contemporaries Exhibition as a Platform for Emerging Artists. Arts and Humanities Research Council.
Article
Elshandidy T, Fraser I & Hussainey K (2013) Aggregated, voluntary, and mandatory risk disclosure incentives: Evidence from UK FTSE all-share companies. International Review of Financial Analysis, 30, pp. 320-333. https://doi.org/10.1016/j.irfa.2013.07.010
Book Chapter
Commentary: A role for the compulsory study of literature in accounting education
Fraser I & Evans L (2013) Commentary: A role for the compulsory study of literature in accounting education. In: Sangster A & Wilson R (eds.) Liberalising the Accounting Curriculum in University Education. London: Routledge.
Working Paper
Business Risk Assessment, Risk Management and External Auditing
Fraser I & Henry W (2012) Business Risk Assessment, Risk Management and External Auditing.
Working Paper
Business Risk Auditing: Fundamental or Incremental Change?
Fraser I & Hatherly DJ (2012) Business Risk Auditing: Fundamental or Incremental Change?.
Research Report
Can we meet the needs? Auditor views on assurance and management commentary: Summary Report
Fraser I (2011) Can we meet the needs? Auditor views on assurance and management commentary: Summary Report. Institute of Chartered Accountants of Scotland (ICAS). The Institute of Chartered Accountants of Scotland. http://icas.org.uk/fraser-auditors/
Authored Book
Can we meet the needs? Auditor views on external assurance and management commentary
Fraser I & Pierpoint J (2011) Can we meet the needs? Auditor views on external assurance and management commentary. Edinburgh: ICAS. http://icas.org.uk/fraser-auditors/
Other
Fraser I (2011) Points of View. CA Magazine (Edinburgh), 116 (1260), pp. 60-61. http://icas.org.uk/TheCAArchive/
Authored Book
Meeting the needs?: User views on external assurance and management commentary
Fraser I, Pierpoint J, Collins B & Henry W (2010) Meeting the needs?: User views on external assurance and management commentary. Edinburgh: ICAS. http://icas.org.uk/fraser-users/
Research Report
Fraser I & Henry W (2010) Meeting the needs? User views on external assurance and management commentary: Research summary report. Institute of Chartered Accountants of Scotland (ICAS). The Institute of Chartered Accountants of Scotland. http://icas.org.uk/fraser-users/
Article
A commentary on 'a role for the compulsory study of literature in accounting education'
Evans L & Fraser I (2010) A commentary on 'a role for the compulsory study of literature in accounting education'. Accounting Education, 19 (4), pp. 351-354. https://doi.org/10.1080/09639280903285722
Other
Fraser I (2010) An appetite for revolution. CA Magazine (Edinburgh), 114 (1248), p. 58. http://icas.org.uk/TheCAArchive/
Book Chapter
Internal Auditors and Enterprise Risk Management
Fraser I (2009) Internal Auditors and Enterprise Risk Management. In: QFinance: The Ultimate Resource. London: Bloomsbury, pp. 680-682.
Article
The future of the external audit function
Fraser I & Pong C (2009) The future of the external audit function. Managerial Auditing Journal, 24 (2), pp. 104-113. https://doi.org/10.1108/02686900910924536
Article
Fraser I, Tarbert H & Tee KH (2009) Do the financial statements of intangible-intensive companies hold less information content for investors?. Applied Financial Economics, 19 (17), pp. 1433-1438. https://doi.org/10.1080/09603100902902212
Other
Fraser I & Henry W (2009) Ticking the commentary box. CA Magazine (Edinburgh), 113 (1239), pp. 58-59. http://icas.org.uk/TheCAArchive/
Article
Campbell K, Fraser I, Henry W & Jerzemowska M (2008) Good Practices in Corporate Governance Disclosure: Polish Corporate Governance and the UNCTAD Guidance. Przeglad Corporate Governance, 16 (4), pp. 19-28. http://www.pid.org.pl/uploads/spis_tresci_PCG_16.pdf
Newspaper Article
Financial and Business Reporting by Major Accounting and Financial Services Firms
Fraser I (2008) Financial and Business Reporting by Major Accounting and Financial Services Firms. Focus on Research. 09.2008, p. 9. http://icas.org.uk/home/technical-and-research/research-centre/research-publications/focus-on-research-newsletter/
Article
Business risk auditing: A regressive evolution?-A research note
Flint C, Fraser I & Hatherly DJ (2008) Business risk auditing: A regressive evolution?-A research note. Accounting Forum, 32 (2), pp. 143-147. https://doi.org/10.1016/j.accfor.2007.12.001
Article
Auditors' Ability to Resist Client Pressure and Culture: Perceptions in China and the United Kingdom
Lin KZ & Fraser I (2008) Auditors' Ability to Resist Client Pressure and Culture: Perceptions in China and the United Kingdom. Journal of International Financial Management and Accounting, 19 (2), pp. 161-183. https://doi.org/10.1111/j.1467-646X.2008.01020.x
Article
Embedding risk management: Structures and approaches
Fraser I & Henry W (2007) Embedding risk management: Structures and approaches. Managerial Auditing Journal, 22 (4), pp. 392-409. http://www.scopus.com/inward/record.url?partnerID=yv4JPVwI&eid=2-s2.0-34247146355&md5=5ef9ff4f1fa2574a9fcd8aaa4dd96be2; https://doi.org/10.1108/02686900710741955
Article
Transparency of Risk and Reward in U.K. Public-Private Partnerships
Hood J, Fraser I & McGarvey N (2006) Transparency of Risk and Reward in U.K. Public-Private Partnerships. Public Budgeting and Finance, 26 (4), pp. 40-58. https://doi.org/10.1111/j.1540-5850.2006.00861.x
Newspaper Article
The OFR is dead - long live the OFR
Collins B, Stevenson J & Fraser I (2006) The OFR is dead - long live the OFR. CA Magazine (Edinburgh). 10.2006, p. 11. http://icas.org.uk/TheCAArchive/
Article
An empirical study of the impact of financial reporting disclosures on UK investment trusts
Fraser I, Tarbert H & Tee KH (2005) An empirical study of the impact of financial reporting disclosures on UK investment trusts. Applied Financial Economics, 15 (11), pp. 803-807. https://doi.org/10.1080/09603100500107941
Newspaper Article
It's Good to Talk to Investors
Fraser I & Henry W (2005) It's Good to Talk to Investors. CA Magazine (Edinburgh). 07.2005, p. 14. http://icas.org.uk/TheCAArchive/
Article
Fraser I & Lin KZ (2004) Auditors' Perceptions of Responsibilities to Detect and Report Client Illegal Acts in Canada and the U.K: a Comparative Experiment. International Journal of Auditing, 8 (2), pp. 165-184. https://doi.org/10.1111/j.1099-1123.2004.00088.x
Article
Fraser I, Hatherly DJ & Henry W (2004) Illegal acts and the auditor. Accounting Forum, 28 (2), pp. 99-118. https://doi.org/10.1016/j.accfor.2004.04.008
Newspaper Article
Fraser I & Henry W (2004) Double Trouble. CA Magazine (Edinburgh). 04.2004, p. 16. http://icas.org.uk/TheCAArchive/
Authored Book
The Future of Corporate Governance: Insights from the UK
Fraser I & Henry W (2003) The Future of Corporate Governance: Insights from the UK. Edinburgh: ICAS. http://icas.org.uk/home/technical-and-research/research-centre/research-publications/the-future-of-corporate-governance-summary/
Book Chapter
A Comparative Study of Stakeholder-oriented Social Models and Reports
Zhang J, Fraser I & Hill WY (2003) A Comparative Study of Stakeholder-oriented Social Models and Reports. In: Andriof J, Waddock S & Husted BaRS (eds.) Unfolding Stakeholder Thinking 2. Sheffield: Greenleaf Publishing, pp. 244-266. http://www.greenleaf-publishing.com/productdetail.kmod?productid=43
Article
The use of analytical procedures by external auditors in Canada
Lin KZ & Fraser I (2003) The use of analytical procedures by external auditors in Canada. Journal of International Accounting, Auditing and Taxation, 12 (2), pp. 153-168. https://doi.org/10.1016/j.intaccaudtax.2003.08.002
Article
The Relevance of Financial Reporting: Further UK Evidence
Fraser I, Fletcher J & Quinn M (2003) The Relevance of Financial Reporting: Further UK Evidence. Irish Accounting Review, 10 (2), pp. 13-27.
Newspaper Article
Fraser I & Henry W (2003) 'Improving Higgs'. Internal Auditing and Business Risk. 05.2003, pp. 36-37.
Article
Auditor analytical review judgement: A performance evaluation
Lin KZ, Fraser I & Hatherly DJ (2003) Auditor analytical review judgement: A performance evaluation. British Accounting Review, 35 (1), pp. 19-34. https://doi.org/10.1016/S0890-8389%2802%2900107-5
Newspaper Article
Smith Proposals Point Way to Creating Effective Audit Controls
Fraser I & Henry W (2003) Smith Proposals Point Way to Creating Effective Audit Controls. The Scotsman. 20.02.2003, p. 23. http://www.scotsman.com/business/banking/smith-proposals-point-way-to-creating-effective-audit-controls-1-546813
Article
Hill WY, Fraser I & Cotton P (2001) On patients' interests and accountability: Reflecting on some dilemmas in social audit in primary health care. Critical Perspectives on Accounting, 12 (4), pp. 453-469. https://doi.org/10.1006/cpac.2000.0436
Article
Patients' Voices, Rights and Responsibilities: On Implementing Social Audit in Primary Health Care
Hill WY, Fraser I & Cotton P (1998) Patients' Voices, Rights and Responsibilities: On Implementing Social Audit in Primary Health Care. Journal of Business Ethics, 17 (13), pp. 1481-1497. https://doi.org/10.1023/A%3A1006064118810