ISB Unveils ‘Accounting Theory And Practice’ Journal At 17th Accounting Research Conference

The Journal on ‘Accounting Theory and Practice’ was released by Ajay Bhushan Prasad Pandey, Chairperson, National Financial Reporting Authority (NFRA) and Madan Pillutla, Dean, ISB, at the 17 ISB Accounting Research Conference 2024 organised at the Hyderabad campus of the Indian School of Business (ISB). The journal includes original research articles in the areas of accounting, such as financial accounting, management accounting and control, auditing and taxation.

Sharing his thoughts at the conference, Ajay Bhushan Prasad Pandey, Chairperson, National Financial Reporting Authority (NFRA), called on the importance of focusing on research and having solid evidence to deal with issues and undertake changes in the accounting, auditing and related areas. Some of the research ideas Ajay Bhushan Prasad Pandey suggested include the efficacy of joint audits, independence of auditors, related party transactions, communication between the auditor, corporate failures, reliance on external experts and the use of technology in identifying early warning signals for companies. He also underscored the utility of forging collaborations between academic research and policymakers in helping realise the vision of Viksit Bharat. 

Madan Pillutla, Dean, ISB, congratulated the editors of the Journal on Accounting Theory and Practice and hoped the journal would go a long way in enriching stakeholders’ knowledge and practice. The Editor-in-Chief of the journal, Sanjay Kallapur of ISB, emphasised that the primary focus of the journal is on issues related to India and other emerging markets. 

Seven research papers on accounting and auditing issues were presented at the conference, where leading academic experts and thought leaders discussed and deliberated the implications for the accounting and auditing practice. The conference had experts from Columbia University, The University of Chicago Booth School of Business, Northwestern University, Cornell University, University of Toronto, Southern Methodist University, Indian Institute of Management, Bengaluru; Cornell University; University of Toronto; The University of Chicago Booth School of Business; University of Connecticut; Frankfurt School of Finance & Management; Hong Kong University; Aalto University; Chinese University of Hong Kong; Southern Methodist University and Indian School of Business.