Ulrike Thuerheimer receives grant for auditing research
Research fellow Ulrike Thuerheimer (University of Amsterdam) received a grant from the Foundation for Auditing Research (FAR).
The project ‘Private Equity Investment in small and mid-sized audit firms: Investigating Partner Incentives, Firm Dynamics, and Client Outcomes' will be carried out by Thuerheimer (principal investigator) and colleagues Tjibbe Bosman (Vrije Universiteit Amsterdam) and Ziloy Croughs and Simon Dekeyser (KU Leuven, Belgium).
The FAR project (FAR056) focuses on the sharp rise in private equity (PE) investments in accounting firms in the Netherlands and abroad. Proponents see PE as an opportunity for audit firms to pay off legacy obligations and to invest in audit technology, quality management and new service lines such as sustainability reporting and assurance. Critics fear that stronger pressure on short-term financial performance may threaten auditor independence and professional integrity.
On the website of Amsterdam Business School, you can find the full news item about the grant.