News story 1st Aug 2014

Continued AFAANZ success for Monash

Staff from the Monash Business School have continued Monash University's success at the Accounting and Finance Association of Australia and New Zealand (AFAANZ) Awards.

Professor Don Stokes from the Department of Accounting and his two co-authors received the 2013 Peter Brownell Manuscript Runner Up Award. The findings in their study "Strategic pricing by Big 4 audit firms in private client segments" suggest that the four largest audit firms in the world (the Big 4) leveraged their experience and used audit fee discounts to attract the business of likely future successful companies.

At this same conference, Dr Carly Moulang from the Department of Accounting and Dr Maria Strydom from the Department of Banking and Finance received the best paper award in the category of Ethics/Tax/Interdisciplinary Research/Critical Perspectives. In their study "Does well-being impact risk-associated decisions?" they found that the wellbeing of an investor plays a role in how they make risky decisions.

Our success at AFAANZ is a testament to the high-level work in our Departments of Accounting and Banking and Finance.

Professor David Smith

Director of Research, Department of Accounting

These recent awards follow on from the success for Christine Contessotto and John Webster at the AFAANZ/CPA/ICAA PhD Scholarships last March. They both received one of these highly-contested scholarships, only three of which were awarded in 2014.

"Our success at AFAANZ is a testament to the high-level work in our Departments of Accounting and Banking and Finance," said Professor David Smith, Director of Research in Accounting.

AFAANZ is the premier body representing the interest of accounting and finance academics and other persons interested in accounting and finance education and research in Australia and New Zealand.

For more information on AFAANZ, visit their website.