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

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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Research Summary

Overview

By: Ethan C. Rouen

Relying on empirical archival methodologies—as well as techniques in data science—to develop and structure new sources of data by which to approach questions of looming disclosure changes, Professor Rouen has focused on one of the Securities and Exchange Commission’s... View Details

23 Apr 2024
In Practice

Getting to Net Zero: The Climate Standards and Ecosystem the World Needs Now

With each month clocking record-breaking temperatures across the planet, this Earth Day reflected the renewed urgency of regulators and businesses to find climate-change solutions. The US Securities and Exchange Commission recently adopted new rules that will mandate... View Details

Keywords: by Rachel Layne

26 Jul 2013
Working Paper Summaries

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

Keywords: by Francois Brochet & Suraj Srinivasan

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

Web

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

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

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

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

01 Mar 2024
News

In My Humble Opinion: Role Model

decided to work, pro bono, at a Washington, DC, casting agency. “I learned what people look for on a résumé and what a professional audition looks like,” she says. The experience also gave her a window into how South Asians were being... 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

Financial Markets and Policy Grant. Susanna Gallani : Recipient of the Outstanding Contribution in Review Award from Accounting, Organizations, and Society in 2018. Jonas Heese : Winner of the ACA 2018 Best Paper Award from the University of St. Gallen’s Institute 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

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Social Enterprise - Faculty & Research

worker activism, evidenced by varying compliance with multinational enterprises’ (MNEs’) labor standards. Analyzing audit data from thousands of Chinese suppliers, we find that suppliers in cities with more wage-related activism increased... 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

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

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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

Publications