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Emerging issues in Accounting and the Accounting Profession

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RMIT Green Brain, Building 16, Level 7, Room 7

336-348 Swanston Street

Melbourne, VIC 3000

Australia

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Event description
Exploring climate risk management, not-for-profit strategic restructuring, professional independence and the public interest

About this Event

Our Accounting Research Seminar follows the Accounting and Auditing Emerging Issues Group, which will be hosted by the RMIT School of Accounting.

The theme of the seminar is Emerging issues in Accounting and the Accounting Profession and it includes three brief presentations exploring climate risk management, not-for-profit strategic restructuring, professional independence and the public interest.

We are inviting academics and Accounting and Auditing Emerging Issues Group participants (e.g. standard setters, regulators, professional bodies and accounting firms) to our research seminar to promote further engagement, dialogue and cooperation.

Presentation #1: Climate Change Risk Management and the Accounting Profession

Dr Jayanthi Kumarasiri

Abstract:

The implications of climate change risks for corporate stakeholders are often poorly understood. Possibly, the least understood implication is the role played by those with financial expertise within this space. Traditionally, accountants have been found to assume risk management roles. However, finance and accounting systems tend to focus on the management of short-term costing, reporting and disclosure, rather than longer-term risk such as climate change. Consequently, tension has been created between the traditional role of accounting and the increasing need for accountants to focus on longer-term strategic issues with risk consequences. Based on the data gathered from interviews conducted with senior managers in 2013 and 2016, this study investigates the role of accounting and accounting professionals in climate change risk management of large Australian companies.

Speaker:

Dr Jayanthi Kumarasiri is a Lecturer of Accounting, RMIT University. Dr Kumarasiri teaches financial and management accounting at both undergraduate and postgraduate levels. Dr Kumarasiri’s research focuses on climate change, carbon emissions and internal emissions management practices of large Australian companies. She also researches the effect of climate change regulations on companies’ emissions management practices. She has published in academic journals such as the British Accounting Review, Australasian Journal of Environmental Management and the Accounting Research Journal, as well as in ‘The Conversation’.

Presentation #2: Business Transformation and Strategic Restructuring in the Australian Not-for-profit sector: Value-adding opportunities for accountants

Professor Nava Subramaniam

Abstract:

Strategic restructuring and organisational resourcing are critical for the Australian charity sector who is facing unprecedented demands and shrinking government funding. This presentation will provide evidence from two recent studies of Australian charities on the challenges faced by their boards, CEOs, and senior management, leading to the identification of several opportunities for accountants and accounting technologies to better support business transformation in strategic restructures such as mergers, acquisitions and shared resources.

Speaker:

Nava Subramaniam is a Professor of Accounting, RMIT University. Professor Subramaniam's research interests cover corporate governance, management controls and assurance, corporate social responsibility and the accounting profession. She is a CPA and has held several research centre positions at Griffith University, Deakin University, and more recently at RMIT University as director of Governance, Accountability and Law Research Strategic Priority Area.

Presentation #3: Professional Independence in a Relational Society and the Public Interest

Professor Steven Dellaportas

Abstract:

This presentation outlines the tensions between adherence to the concept of professional independence and accountants’ commitment to significant others under the care perspective of guanxi. Professional independence is founded on transacting at arm’s-length to avoid undue influence on professional and ethical judgement. However, in the relational society of China, interactions in professional relationships are guided by a duty of care and concern toward significant others. Data collected from interviews with accountants in China provide insight into the conflict accountants face when they are bound by social obligations and interdependent professional relationships under guanxi.

Speaker:

Steven Dellaportas is a Professor and Acting Dean, School of Accounting, RMIT University. Prior to academic life, he was a registered tax agent providing taxation services and advice to SMEs. Professor Dellaportas’ primary area of research is professional ethics in accounting. He has a particular interest in codes of ethics, fraud, professionalism and ethics education. Professor Dellaportas is a member of several editorial boards and is presently Co-Editor of the Accounting Section of the Journal of Business Ethics; and Associate Editor of Accounting Education. Professor Dellaportas is the lead author of two textbooks, the most recent titled: Principles of Ethics and Corporate Governance in Financial Services.

We look forward to seeing you there!

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Date and Time

Location

RMIT Green Brain, Building 16, Level 7, Room 7

336-348 Swanston Street

Melbourne, VIC 3000

Australia

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