Dr Francisco Urzua appointed to advisory group of UK Endorsement Board
Reader in Finance to help guide UK and international accounting standards.
The group plays a pivotal role in the accounting practice, by influencing, endorsing and adopting international standards that have been issued by the International Accounting Standards Board (IASB) for use in the UK.
The role, for an initial term of three years, will see Dr Urzua provide specialist knowledge on UKEB’s research, link the latest academic research into recommendations and raise awareness of best practice to the UK and international accounting communities.
Dr Urzua applied for the position having conducted relevant research around the European regulations.
“I am very proud to have been offered this opportunity,” Dr Urzua said.
“I decided to apply for the position after speaking with one of the Board’s senior economists.
“As a board member I hope to assist UKEB in understanding the impact of accounting standards, at both firm and industry level.
“My research attempts to understand the effects of European regulations that increase private firm disclosure. One paper in particular, for example, looks at how merger and acquisition activity increases when there’s more disclosure. Another examines the interaction between disclosure and privacy concerns, and I believe the insights gained can greatly inform practitioners and standards.”
At a time of increasing stakeholder scrutiny of company reporting, Dr Urzua said maintaining high standards is critical to the industry’s credibility.
“Accounting standards are hugely important as they affect what information firms disclose, and how, in their financial statements,” he continued.
“This can have significant implications in terms of investment, employment, financing conditions that firms face.
“I am really looking forward to having a positive impact on these standards.”