This program brings together researchers contributing to the broad field of auditing and financial reporting.

Our researchers seek to provide a better understanding of external reporting - financial and non-financial, mandatory and voluntary - and the role of auditing and assurance services in enhancing business performance and quality.

Our research includes:

  • examining the role auditing and financial reporting plays in contributing to better functioning of capital markets
  • enhancing accountability to corporate stakeholders
  • economic growth through credible and relevant reporting on business performance.

We adopt of variety of methods to provide new insights into auditing and financial reporting in different institutional and regulatory settings.

Read details

Research leader
Research team
Organisational unit
Lead unit School of Accountancy Other units
Research areas


Our expertise and current research includes:

  • analyst forecasts, information asymmetries, and capital market informativeness
  • audit committees, internal audit, and the effect of risk management on auditing and reporting quality
  • auditing and reporting innovation, the impact of big data, digital reporting, and changing technology
  • the effect on the market of periodic, interim, continuous, and voluntary disclosures
  • integrated reporting and assurance, including added value, regulatory development, and emerging practices
  • standard setting and regulation effects on accounting and auditing practices and disclosures.


AFR researchers at QUT are currently collaborating with on research projects with colleagues from:

  • Catholic University of Louvain, Belgium.
  • IE Business School, Madrid, Spain.
  • Stockholm University, Sweden
  • University of Glasgow, UK.
  • University of Manchester, UK.
  • University of Melbourne, Australia.
  • University of New South Wales, Australia.
  • University of Queensland, Australia.
  • Victoria University of Wellington, New Zealand.

Recent and forthcoming activity and contributions:

  • July 2015 visiting academic: Professor Elisabeth Carson, University of New South Wales, Australia
  • October 2015 visiting academic: Professor Gary Monroe, University of New South Wales, Australia

Publications and output

All publications by the research program

Selected publications

Auditing and accountability

Carson, Elizabeth, Zhang, Yuyu, & Fargher, Neil (2014) Audit reports in Australia: 2005-2013: Preliminary    Findings. CPA Australia, Southbank, Victoria.

Clout, Victoria J., Chapple, Larelle, & Gandhi, Nilan (2013) The impact of auditor independence regulations on    established and emerging firms. Accounting Research Journal, 26(2), pp. 88-108.

Cullen Grant, Gasbarro Dominic, Monroe Gary, Shailer Gregory, & Zhang Yuyu (2013) Bank audit fees and asset securitization risks. In International Symposium on Auditing Research 2013, Sydney, NSW.

Munro, Lois A. & Stewart, Jenny D. (2010) External auditors' reliance on internal audit: the impact of    sourcing arrangements and consulting activities. Accounting and Finance.

Pugliese A, Minichilli A, Zattoni A, (2014) Integrating agency and resource dependence    theory: Firm profitability, industry regulation, and board task performance, Journal of Business Research, p1189-1200.

Turley, Stuart & Zaman, Mahbub (2014) The    Corporate Governance Effects of Audit Committee. In Di Pietra,    Roberto, McLeay, Stuart, & Ronen, Joshua (Eds.) Accounting and Regulation: New Insights on Governance, Markets and Institutions. Springer, New York, United States of America, pp. 133-159.

Zaman, Mahbub & Chayasombat, Jaravee (2014) Audit pricing and product differentiation in small    private firms: evidence from Thailand. Journal of Accounting in Emerging Economies, 4(2), pp. 240-256.

Zaman, Mahbub & Sarrens, Gerrit (2013) Informal interactions between audit committees and    internal audit functions: exploratory evidence and directions for future    research. Managerial Auditing Journal, 28(6), pp. 495-515.

Zhang, Yuyu, Monroe, Gary, Shailer, Gregory, Gasbarro, Dominic, Cullen, & Grant (2013) Aligning off-balance sheet risk, on-balance sheet risk    and audit fees: a PLS path modelling analysis. In Accounting and Finance Association of Australia and New Zealand Annual Conference 2013, 2-6 July 2013, Perth, WA

Financial reporting and performance

Artiach, Tracy & Clarkson, Peter. (2013) Conservatism, disclosure and the cost of equity    capital. Australian Journal of Management.

Bean, Anne & Helen Irvine. (2015, forthcoming) "Derivatives disclosure in corporate annual reports: bank analysts' perceptions of usefulness", Accounting and Business Research.

Chapple, Larelle & Truong, Thu Phuong. (2014) Continuous    disclosure compliance: does corporate governance matter? Accounting and Finance, pp. 1-24.

Costa, Bruce A., Jakob, Keith, Niblock, Scott J., & Sinnewe, Elisabeth. (2014) Australian    stock indexes and the four-factor model. Applied Finance Letters, 3(1), pp. 10-21.

Hutchinson, Marion, Seamer, Michael, & Chapple, Larelle. (2015) Institutional investors, risk/performance and    corporate governance. The International Journal of Accounting.

Jackson, Andrew B., Gallery, Gerry, & Balatbat, Maria C. A. (2014) The impact of litigation risk on the strategic    timing of management earnings forecasts. Accounting and Finance.

MacKenzie, Kim, Buckby, Sherrena, & Irvine, Helen J. (2013) Business research in virtual worlds: possibilities    and practicalities. Accounting, Auditing and Accountability Journal, 26(3), pp. 352-373.

Nguyen, Huu Cuong, Gallery, Gerry T., & Artiach, Tracy. (2013) Interim financial    reporting in the Asia-Pacific region: review of regulatory    requirements. Corporate Ownership and Control, 10(3), pp. 380-388.

Pugliese A, Alessandro Zattoni & William Judge. (2013) IPOs around the world: a review of    Corporate Governance and Initial Public Offerings - An International    Perspective, Journal of Management and Governance p1-8