Professorship for Business Administration, esp. Accounting, Auditing & Corporate Governance
Organisational unit: Section
Organisation profile
The professorship for Accounting, Auditing & Corporate Governance works in the areas of financial accounting, external audit and corporate governance. The research activities involve the study of selected issues in regulation, in particular such topics as the economic impact of audit committees, integrated and CSR reporting, aspects of auditor independence and board diversity. The professorship also teaches in the Master’s and Bachelor’s programmes, including modules in the Business Administration Major as well as interdisciplinary modules in the complementary studies programme and integration modules.
Topics
Audit Quality
Following EU legislation on reform of the audit market, provisions on mandatory firm rotation and limits to non-audit services raise issues of the impact of major regulatory measures on safeguarding the independence of the audit firm. Internationally, empirical research on auditor independence has seen considerable attention for a number of years, with mixed findings on its economic impact. This also holds for the impact of joint audits, even though European regulation did not make this a mandatory requirement. This research project studies the effect of audit and non-audit fees of German capital market oriented companies on audit quality.
Integrated-/CSR Reporting
After the most recent financial crisis 2008-9, there has been a decline in trust of stakeholders in capital-market oriented reporting by corporations. As a result, traditional financial reporting should be complemented by corporate sustainability reporting, which would ideally be unified into integrated reporting. While there has been considerable empirical research into CSR reporting, this is not yet the case for integrated reporting in the 2013-framework published by the International Integrated Reporting Council (IIRC). This research project examines the content elements investors demand and their relationship to the quality of integrated reporting in the German capital market.
Audit Committees
In both one and two-tier systems, the appointment of audit committees with independent financial experts is seen as a necessary measure to ensure good corporate governance. There has been considerable research undertaken into the Anglo-American board system and the impact of audit committees on financial reporting quality and on the cooperation with the external auditor and with the internal auditor. This research project studies to what extent characteristics of the audit committee as established by supervisory boards in German companies are able to contribute to the discussion on quality.
Board Diversity
Recently there have been a large number of reform efforts aiming at improving corporate performance by increasing board diversity. In addition to introducing the legal gender quota now at the focus of much political discussion, other diversity characteristics such as ethnicity or occupation are increasingly being studied in empirical research on corporate governance. This research project looks at the dual system of corporate governance in Germany and studies the effects of diversity in the management board and supervisory board on the capital market.
- 2024
- Accepted/In press
Auswahl des Prüfers für Nachhaltigkeitsberichte nach der geplanten Umsetzung der Corporate Sustainability Reporting Directive (CSRD). Normative Rahmenbedingungen, empirische Befunde und kritische Würdigung.
Velte, P., 2024, (Accepted/In press) In: Der Konzern : Zeitschrift für Gesellschaftsrecht, Steuerrecht, Bilanzrecht und Rechnungslegung der verbundenen Unternehmen.Research output: Journal contributions › Journal articles › Transfer
- Published
Corporate Sustainability Due Diligence Directive: Vergleich mit dem deutschen Lieferkettengesetz und Auswirkungen auf die Nachhaltigkeitsberichterstattung
Wulf, I. & Velte, P., 2024, In: Zeitschrift für Corporate Governance (ZCG). 19, 3, p. 126-134 7 p.Research output: Journal contributions › Journal articles › Transfer
- Published
Der Prüfungsvermerk über den Nachhaltigkeitsbericht: ein neues gesetzliches Informationsinstrument. Normative Rahmenbedingungen, empirische Befunde und kritische Würdigung
Velte, P. & Hellriegel, A., 2024, In: WPg - Die Wirtschaftsprüfung. 77, 18, p. 903-912 10 p.Research output: Journal contributions › Journal articles › Transfer
- Accepted/In press
Deutsches Lieferkettensorgfaltspflichtengesetz
Velte, P., 2024, (Accepted/In press) Handbuch zur Nachhaltigkeitsberichterstattung. LexisNexis ARD ORACResearch output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Research
- Accepted/In press
Do audit committees impact corporate social responsibility? A review of empirical quantitative research and research opportunities
Velte, P., 2024, (Accepted/In press) In: Corporate Governance (Bingley).Research output: Journal contributions › Journal articles › Research › peer-review
- Accepted/In press
Einfluss der nachhaltigen Corporate Governance auf die Nachhaltigkeitsberichterstattung
Velte, P., 2024, (Accepted/In press) Der Prüfungsausschuss des Aufsichtsrats. : Praxisleitfaden für Finanzexperten und Aufsichtsräte. 4 ed. Stuttgart: Schäffer-Poeschel VerlagResearch output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Transfer
- Accepted/In press
Einfluss von CSRD und CSDDD auf Interne Revision, Aufsichtsrat und Abschlussprüfer. Normative Rahmenbedingungen und empirische Befunde
Velte, P. & Wehrhahn, C., 2024, (Accepted/In press) In: Zeitschrift Interne Revision.Research output: Journal contributions › Scientific review articles › Transfer
- Accepted/In press
Gesetzentwurf zur Umsetzung der Corporate Sustainability Reporting Directive (CSRD). Anpassungen gegenüber dem Referentenentwurf und kritische Würdigung.
Wulf, I. & Velte, P., 2024, (Accepted/In press) In: Der Betrieb.Research output: Journal contributions › Journal articles › Transfer
- Published
Nachhaltigkeitsberichterstattung nach dem Referentenentwurf eines Umsetzungsgesetzes zur CSRD: Eine kritische Würdigung
Wulf, I. & Velte, P., 2024, In: Der Betrieb. 77, 17, p. 1017-1024 8 p., DB1460035.Research output: Journal contributions › Journal articles › Transfer
- Published
Sorgfaltspflichten in der Lieferkette nach den neuen Vorgaben der CSDDD: Unterschiede zwischen der Corporate Sustainability Due Diligence Directive und dem deutschen Lieferkettensorgfaltspflichtengesetz
Velte, P. & Stave, C., 2024, In: WPg - Die Wirtschaftsprüfung. 77, 15/16, p. 795-802 8 p., W1011632.Research output: Journal contributions › Journal articles › Transfer › peer-review
- Published
Steuern in der Finanz- und Nachhaltigkeitsberichterstattung: Ein Plädoyer für eine Integration und europäische Harmonisierung
Velte, P. & Muench, M., 2024, In: Der Konzern : Zeitschrift für Gesellschaftsrecht, Steuerrecht, Bilanzrecht und Rechnungslegung der verbundenen Unternehmen. 22, 3, p. 102-110 9 p., DK1457775.Research output: Journal contributions › Journal articles › Transfer
- Accepted/In press
The Task Force on Climate-Related Financial Disclosures (TCFD)
Friedrich, T., Velte, P. & Wulf, I., 2024, (Accepted/In press) The Routledge Handbook of Accounting for the Sustainable Development Goals. Venturelli, A. & Mio, C. (eds.). 1 ed. London/New York: Routledge Taylor & Francis GroupResearch output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Research › peer-review
- Published
Wirkt sich geschlechtliche Vielfalt im Verwaltungsrat auf die Klimaberichterstattung aus? Ergebnisse internationaler Studien
Velte, P., 2024, In: Zeitschrift für Internationale Rechnungslegung. 19, 6, p. 259-264 6 p.Research output: Journal contributions › Journal articles › Transfer
- Published
Zur Notwendigkeit von Nachhaltigkeit in der Corporate Governance
Velte, P., 2024, Corporate Responsibility : Kompass für die Nachhaltigkeitsberichterstattung. Freiberg, J. & Bruckner, A. (eds.). 3 ed. Freiburg i.Br.: Haufe Mediengruppe, p. 167-192 26 p.Research output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Transfer
- Published
Zwingende Umwelt- und Sozialkompetenz im Vorstand und Aufsichtsrat? Eine Stellungnahme vor dem Hintergrund der nationalen Umsetzung der EU Corporate Sustainability Reporting Directive (CSRD)
Velte, P., 2024, In: Deutsches Steuerrecht. 62, 23, p. 1309-1313 5 p.Research output: Journal contributions › Journal articles › Transfer
- 2023
- Published
Determinants and consequences of corporate social responsibility decoupling—Status quo and limitations of recent empirical quantitative research
Velte, P., 11.2023, In: Corporate Social Responsibility and Environmental Management. 30, 6, p. 2695-2717 23 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Sustainable institutional investors and corporate biodiversity disclosure: Does sustainable board governance matter?
Velte, P., 11.2023, In: Corporate Social Responsibility and Environmental Management. 30, 6, p. 3063-3074 12 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Automated text analyses of sustainability & integrated reporting. A literature review of empirical-quantitative research
Velte, P., 31.10.2023, In: Journal of Global Responsibility. 14, 4, p. 530-566 37 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Which attributes of audit committees are most beneficial for European companies? Literature review and research recommendations
Velte, P., 31.10.2023, In: Journal of Global Responsibility. 14, 4, p. 403-430 28 p.Research output: Journal contributions › Scientific review articles › Research
- Published
European Sustainability Reporting Standards (ESRS): Überblick zu den Berichtsinhalten des neuen Nachhaltigkeitsberichts
Wulf, I. & Velte, P., 29.09.2023, In: Zeitschrift für Corporate Governance (ZCG). 18, 5, p. 228-235 8 p.Research output: Journal contributions › Journal articles › Research › peer-review