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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Professor Ian Fraser
Professor of Accounting
Accounting & Finance University of Stirling, Stirling, FK9 4LA
Contact details
- Email i.a.m.fraser@stir.ac.uk
- Telephone+44 (0)1786 467307
About me
I am Chair of the Division of Accounting and Finance, Stirling Management School having been appointed to this position in January 2011. 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 [academic] of the centre for risk and governance. I was appointed to a chair in accountancy at Stirling in 2004. In my current position, I seek to make a full contribution to the research and teaching activities of the Division as well as to its management. I maintain close links with the profession and, in particular, with the Institute of Chartered Accountants of Scotland (ICAS).
Research
My principal research interests are 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 or corporate governance. My last research work directly influenced an ICAS working party, of which I was a member, and which resulted in policy proposals for the significant reform of audit and assurance and of audit reports. My overarching research objective is to produce quality work that is useful to the accounting profession and to society. My principal current interests include the audit of narrative disclosures, the role of auditing standards, the relevance of national culture to audit practice, business risk auditing and audit independence and professional ethics in a post-modern age. I also have a research interest in the portrayal of accounting in literature including the works of Charles Dickens.
Projects
The Edinburgh Magdalene Asylum- An Accounting History
PI: Professor Lisa Evans
Funded by: The British Academy
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Outputs
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/
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
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
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.
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/
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
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/
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