This book addresses the recent trends, developments and future of accounting and auditing of small and medium-sized practices (AASMPs) in the public and private sectors.
The book has three main objectives. Firstly, to provide an analysis of how different societal trends, including digitalization, impact AASMPs and what role education and training play in proactive adaptation to those trends; secondly, to outline major scenarios for global AASMPs development by 2035; and thirdly, to offer a conceptual framework for better understanding of AASMPs dynamic and transformative capabilities that are necessary to create sustained competitive advantage in a rapidly changing society. Beyond presenting a conceptual framework, the book also offers a discussion of future scenarios for AASMPs development and their role in the global economic development. The book is unique, as it disseminates the findings of a large research project carried out by both academics and practitioners from the accounting and auditing industry. Readers of this book will be better equipped to understand the development trends in the accounting and auditing industry, the impact those trends create for AASPMs and the way different actors can work proactively to maximize AASPMs chances for success amidst rapid technological and regulatory change.
The book is aimed primarily at accounting and auditing academics, however, it will also be of benefit to managers of accounting and auditing firms, leaders of professional associations, as well as professional bodies that regulate accounting and auditing practices, setting the foundations for future research endeavors on this topic.
This book addresses the recent trends, developments and future of accounting and auditing of small and medium-sized practices (AASMPs) in the public and private sectors. It disseminates the findings of a large research project carried out by both academics and practitioners from the accounting and auditing industry.
Part I: Introduction to the volume
0. Introduction
1. Future scenarios
for the development of Norwegian accounting and auditing small and
medium-sized practices by 2035 Part II: Impact of digitalization on
accounting and auditing SMPs
2. Digitalisation and its impact on small- and
medium-sized accounting and auditing practices: insights from public and
private sectors
3. Dealing with digital transformation: tensions of
professionals working at small- and medium-sized accounting firms
4. Towards
digital transformation of local government auditing: leveraging digital
affordances
5. Internal organisational arrangements and engagements with
environment in small and medium-sized accounting practices
6. Perceived risks
and preparedness to deal with black swans: A mismatch between competence
and perceived knowledge about potential risks
7. (Absence of) use of
management control systems to manage cyber risk in SMEs Part III: Education,
training, competences and skills
8. Masters supervision and academic growth
of accounting and auditing students in Norway from understanding to
creativity
9. Accounting firms as business advisors: SMEs expectations and
accounting firms capabilities
10. IIntentions of Bachelor students to study
accounting and auditing at the master level
11. Neither detecting nor
preventing: analysis of the auditors role in the outcome of financial crime
cases in Norway and Sweden
12. The effect of the new ISA 315 on perceived
audit quality in SMPs does it support or undermine auditors as knowledge
workers? Part IV Integrating chapter
13. Understanding proactivity and
strategic duality of small and medium-sized accounting and auditing practices
a summary
Anatoli Bourmistrov is Professor Accounting/Management Control at Nord University Business School, Norway.
Levi Gårseth-Nesbakk is Professor of Accounting at Nord University Business School, Norway.
Toomas Haldma was Professor of Accounting at Tartu University, Estonia.
Jan Mouritsen is Professor of Management Control in the Department of Operations Management, Copenhagen Business School, Denmark.
Roman Vakulchuk is Head of Climate and Energy Research Group and Senior Researcher at the Norwegian Institute of International Affairs (NUPI), Oslo, Norway.
