Auditing - Publications - Faculty & Research

24 Jul 2000
Research & Ideas

Value Maximization and Stakeholder Theory

consuming their economic rents in this manner. Enlightened Stakeholder Theory Enlightened stakeholder theory is easy to explain. It can take advantage of most that stakeholder theorists offer in the way of processes and audits to measure... View Details

Keywords: by Michael C. Jensen

26 Jul 2013
Working Paper Summaries

Accountability of Independent Directors-Evidence from Firms Subject to Securities Litigation

Keywords: by Francois Brochet & Suraj Srinivasan

March 2021 (Revised April 2021)
Case

Wirecard: The Downfall of a German Fintech Star

By: Jonas Heese, Charles C.Y. Wang and Tonia Labruyere

Wirecard was a German fintech company, member of the DAX30, that provided payment processing and related services. Wirecard had enjoyed large growth rates over the years and most investors and analysts were enthusiastic about the company's prospects. Wirecard's... View Details

Keywords: Accounting Fraud; Scandal; Accounting Audits; Accounting; Financial Reporting; Financial Institutions; Financial Markets; Corporate Governance; Governance Compliance; Corporate Accountability; Governance Controls; Financial Services Industry; Germany; Singapore; Dubai

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Fast Answer

Company databases: which database to choose?

Comprehensive platform used to analyze financial data from equity and fixed income markets, and public and private companies. Real time data. Excel plug-in. CB Insights HBS intranet Coverage of early stage companies/deals. Capital IQ... View Details

October 2022 (Revised May 2023)
Case

Ginkgo Bioworks vs. Scorpion Capital: The Debate Over Related-Party Revenues

By: Aiyesha Dey, Jonas Heese, Suraj Srinivasan and Annelena Lobb

Ginkgo Bioworks, a synthetic biology company based in Boston, Massachusetts, faced divergent views on its revenue possibilities and accounting practices. After a report emerged accusing it of fraudulent accounting and lack of innovation, its share price plunged. But... View Details

Keywords: Fraud Allegations; Revenue; Reports; Accounting Audits; Innovation and Management; Investment; Biotechnology Industry; Boston

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07 Jul 2008
Research & Ideas

Innovation Corrupted: How Managers Can Avoid Another Enron

performance, and penalize failures Conducting routine, systematic audits of critical decisions by key executives where the rules of the road are clearly ambiguous Helping senior executives avoid the two sources of leadership failure at... View Details

Keywords: by Martha Lagace; Energy; Utilities

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Topics - HBS Working Knowledge

Browse All topics Accounting Audits (3) Accounting (119) Acquisition (20) Activity Based Costing and Management (2) Adaptation (7) Adoption (3) Advertising Campaigns (6) Advertising (77) Agency Theory (3) Age (3) Agreements and... View Details

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Becoming a Board Member - Alumni

represented on the board? If so, what are their objectives? + – The CFO What is your approach to the treatment of major accounting policies? What is your level of interaction with the board? What is the organization's relationship with its outside auditor? How do you... View Details

Person Page

Positions

dollarDEX (1998-2007)

Retired chief executive, non-executive chairman

One of world's top 30 in online finance (Institutional Investor, March 2003). Wealth management firm in Asia, and has... View Details

18 Oct 2022
Research & Ideas

When Bias Creeps into AI, Managers Can Stop It by Asking the Right Questions

should at least know what is going on. The number one thing to do is audit your algorithms and check if you have outcomes that are systematically different. And then based on whatever the objective is, whatever your business intentions... View Details

Keywords: by Rachel Layne

01 Mar 2024
News

In My Humble Opinion: Role Model

One of four daughters of Pakistani immigrants, Salma Qarnain (MBA 2002) grew up in the midwestern “I” states of Iowa, Illinois, and Indiana before attending Stanford University. “It was my first experience feeling happy and comfortable in a place that had diversity,”... View Details

Keywords: Julia Hanna; acting; theater; diversity; career path; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment

09 Apr 2007
Research & Ideas

Industry Self-Regulation: What’s Working (and What’s Not)?

the question my study, coauthored with David Levine (UC Berkeley) and Ronnie Chatterji (Duke), is striving to answer. A third study looks at self-policing. The U.S. Environmental Protection Agency (EPA) launched its Audit Policy a decade... View Details

Keywords: by Martha Lagace

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Accounting & Management Awards & Honors - Faculty & Research

Award from the University of St. Gallen’s Institute of Accounting, Control and Auditing for “The Effect of Monitoring by Management on Corporate Misconduct” with Gerardo Pérez Cavazos. V.G. Narayanan : Winner of the 2018 Journal of... View Details

30 Jul 2001
What Do You Think?

What’s the Future of Corporate Governance?

adaptability of the organization over time. As he put it, "By focusing too strongly on financial records (and audit committee work), we lose sight of the fact that departments like operations and human resources are very important... View Details

Keywords: by James Heskett

Blog

Is AI Coming for Your Job?

necessarily be true statements. "THESE TOOLS ARE KNOWN TO 'MAKE THINGS UP' (OR TO 'HALLUCINATE') AND, THEREFORE, CANNOT BE USED WITHOUT AUDITS FOR CORRECTNESS." These tools are known to "make things up" (or to "hallucinate") and,... View Details

08 Jul 2019
Research & Ideas

Are Paywalls Saving Newspapers?

coauthors, Ho Kim of the University of Missouri, St. Louis, and Reo Song of California State University, Long Beach, analyzed 79 print media firms using 10 years of circulation and subscription price data (from publishers’ statements to the Alliance for View Details

Keywords: by Kristen Senz; Journalism & News; Media & Broadcasting

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V.G. Narayanan | About

course), Measuring and Driving Corporate Performance (a second-year elective), Management Control and Performance Measurement (a doctoral course), and several executive education courses. March 1985 to May 1988 - Audit Assistant with J.... View Details

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News & Commentary - Advancing Racial Equity

conversations on race and diversity from our community, including Professor Julia Austin on the importance of auditing your company's internal and external content/imagery to ensure it's diverse and inclusive, the HBS African-American... View Details

24 Feb 2022
Op-Ed

Want to Prevent the Next Hospital Bed Crisis? Enlist the SEC

transparency on their slice of the pie. Trustworthiness. When President Franklin Delano Roosevelt created the SEC, the 1933 law was often called the “Truth in Securities Act.” The SEC has helped build trust by requiring auditing of... View Details

Keywords: by Regina Herzlinger and Richard Boxer; Health

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Industry Information - Alumni

for full access). Adweek Long running publication dedicated to advertising and marketing. Tiered subscription model (free registration for a limited number of articles per month; subscribe for full access). Alliance for Audited Media... View Details

Publications