Professor Andrew Ferguson
- Topic: Understanding assurance in the Australian self-managed superannuation fund industry
- Time: 1:45pm - 2:30pm
This talk examines auditor industry specialisation, professional brand effects and non-audit services (NAS) in the self-managed superannuation fund (SMSF) sector. SMSF are the fastest growing and largest segment of the Australian $1.75 trillion retirement savings industry.
We consider the impact of industry leadership for a large sample of SMSF audits for the three years to June 2010. After controlling for factors known to determine audit fees, we find evidence of fee discounting for the leading suppliers of SMSF audits. In terms of auditor independence, the supply of Non-audit Services (NAS) is shown to improve an auditors' ability to report breaches, suggesting no auditor independence concerns arising from joint supply of audit and NAS.
Andrew Ferguson is a Professor of Financial Accounting at UTS. Prior to joining UTS in 2009, Andrew was a Senior Lecturer and an Associate Professor of Accounting at UNSW.
His research has been published in leading journals both nationally and internationally including:
- The Accounting Review,
- Contemporary Accounting Research,
- Pacific Basin Finance Journal,
- Accounting and Finance,
- Australian Journal of Management and
Andrew has also received large ARC Discovery Grants including a recent award with Professor Stephen Taylor (2006-2008). Current research on "Monitoring and performance attributes of superannuation funds in Australia" is being funded by CIFR.