On this page:
- VBS team wins best paper award
- Dr Noor Houqe receives CPA certificate
- Congratulation to 2013 Engaging Tutor Award Winner
- Tax policy in crisis?
- Sixty Years of Service Recognised
- Debates put topical issues under the microscope
- Commentary on new loan-to-value ratio restrictions
- Welfare debt a bigger target than unpaid tax
- Abacus Manuscript Award 2012
- Sir David Tweedie visits Victoria Business School
- Public invited to balance the books
- Victoria's accounting research among the best in the world
- Accounting students slay their dragons
- SACL Prize-giving ceremony
- Three SACL PhD graduates awarded the VBS Dean’s Award for Doctoral Achievement
- 4 FMCG Conference held in Wellington
- SACL student wins Summer Gold Poster competition
- A conversation with Professor Warren McGregor about the IASB
- Top students awarded for Excellence in Accounting, Commercial Law & Taxation
9 December 2013
Congratulations to Andrew Milne, Dr Carolyn Cordery and Professor John Davies, who received the Best Paper Award at the annual conference for the Sport Management Society of Australia and New Zealand.
The paper, titled "The cost of the game? The cost of a game", draws on Andrew's work as a Summer Research Scholar in 2012/2013.
It provides both a practical answer to the questions posed in the title of the paper and also addresses the more theoretical consideration of the costs of professionalisation and professionalism on grass roots rugby.
The original report of Andrew's study can be accessed from the Sport and Recreation Knowledge Library.
Following the input of additional historical data, Dr Cordery (School of Accounting and Commercial Law) and Professor Davies (School of Management) will publish the paper in an international refereed journal.
This is an example of collaborative research across different schools in Victoria Business School.
9 December 2013
At the recent Wellington New Members' Ceremony, Dr Noor Hoque, a Senior Lecturer in the School of Accounting and Commercial Law, received his CPA Australia certificate.
CPA Australia is one of the world's largest accounting bodies with a membership of more than 144,000 finance, accounting and business professionals in 127 countries across the globe.
Many staff in the School hold professional qualifications in their core accounting or law discipline, signalling technical and ethical commitment to the professions.
6 December 2013
Congratulations to Kathleen Makale one of the Victorias Awards Winners 2013!
Kathleen was a recipient of the 2013 Engaging Tutor Award. She was nominated by the student body at large for her ability to effectively engage with students and enhance their learning experience. Currently a postgraduate student in the School of Accounting and Commercial Law, Kathleen displayed passion and innovation in the classroom while also demonstrating manaakitanga (such as support, caring and respect) and an ability to hold students accountable to high standards.
22 November 2013
They say that times of crisis can bring out the best and the worst in people.
We know this about human behaviour, but can the same be said of governments and policy makers?
PhD student Carolyn Palmer plans to answer this question as the inaugural recipient of the Robin Oliver Tax Policy Scholarship, which is offered by Tax Management New Zealand.
Carolyn is using her $30,000 study award to travel to Australia and Japan to find out more about tax policy in those countries following natural disasters.
She will also do the same In New Zealand, with a focus on the Canterbury earthquakes.
Ultimately, Carolyn wants to see if the principles of good tax policy hold when countries face economic shocks such as natural disasters and, if not, what causes them to unravel.
"It’s a fantastic opportunity. I want to get a detailed picture of how different jurisdictions respond and the kinds of tax policy issues that come up.
"I also want to get a good idea of all the influences at play and what causes governments and policy makers to change tax policy during times of crisis."
Over the past 10 years Carolyn has worked as a senior tax advisor to the Inland Revenue Department (IRD), the Treasury and a Minister of Finance. She has also worked in the private sector.
One of Carolyn’s supervisors, Professor Norman Gemmell, is the Chair in Public Finance, a joint venture between Victoria University, PricewaterhouseCoopers, IRD, The Treasury, and the Ministry of Social Development.
"We’re very excited about Carolyn’s research. It’s highly relevant and it’ll give officials and the public real-world findings they can pick up, debate and use straight away," say Professor Gemmell.
24 October 2013
Congratulations to Emeritus Professor Athol Mann FCA whose 60 years of service to the accounting profession were recognised by the New Zealand Institute of Chartered Accountants (NZICA) at a special dinner last week.
Athol Mann was the Dean of our Commerce Faculty for ten years from 1987, and is now a distinguished emeritus professor in Wellington. His public service contributions include serving on the council of what was then called the New Zealand Society of Accountants and becoming its president in 1976. He was also the first New Zealander on the Council of the International Federation of Accountants, a member of the New Zealand Securities Commission for seven years, and a member of the Medical Research Council. In addition, Athol was inaugural chairman of the New Zealand Symphony Orchestra and an inaugural director of Te Papa.
As well as serving on numerous other corporate boards and the boards of the New Zealand Opera and Barnardos New Zealand, Athol has made a much-valued contribution to the Cathedral of St Paul close to our Pipitea Campus.
In 1986 he received a CMG for service to the accountancy profession, the arts and the community, but that only tells a fraction of the story of Athol. Whenever you mention his name, people use words such as ‘thoughtful’, ‘compassionate’, ‘enthusiastic’, ‘caring’, ‘a real gentleman’. He is widely known in many different Wellington circles, but to all who know him well he epitomises the injunction from Micah (6.8) which is to “act justly, love mercy; and walk humbly with his God”.
We wish Athol and his wife Ngaire many more good years of enjoying Wellington and all their interests.
4 October 2013
Arguments for and against taxing internet sales, setting up a social insurance fund to cover welfare payments and user charges for new infrastructure will be thrashed out at a series of debates to be hosted by Victoria University over the next three months.
Experienced economists, academics and policy advisors from a range of organisations will discuss three propositions, to highlight the strengths and weaknesses of opposing perspectives on topical issues.
The debates are being organised by Victoria University’s Chair in Public Finance, Professor Norman Gemmell and the Government Economics Network.
The debates tackle some of the real-world policy choices that are on the Government’s agenda and are stimulating public discussion,” says Professor Gemmell. “The goal is to challenge people’s thinking and get them to take a fresh look at these issues.”
The first debate, on 23 October, will discuss the pros and cons of GST exemption for goods bought from foreign internet retailers.
“On one hand, exempting some suppliers and not others is seen as unfair and a distortion of the tax system while on the other, there is an argument that exempting foreign internet retailers allows them to be competitive with domestic suppliers, given the costs of sending goods to New Zealand from distant markets.”
The second debate, on 12 November, examines the arguments for and against user charges to part fund big infrastructure projects, such as the proposed rapid transit network in Auckland and Transmission Gully in Wellington.
Professor Gemmell says up for discussion will be the pros and cons of congestion charges and other similar schemes to enable greater infrastructure investment than a financially constrained government could otherwise afford.
The topic for the third and final debate, on 2 December, is It’s time New Zealand adopted a social insurance approach to welfare.
“A number of European countries collect taxes that are dedicated to providing welfare payments,” says Professor Gemmell.
“This can be through a general fund, as in the United Kingdom, or it can be more targeted, as in The Netherlands, where people effectively have their own welfare accounts and can draw down what they have paid in from their earnings.
“There is some evidence that people are more positive about paying taxes when they know it is for something that they may eventually benefit from.”
Professor Gemmell says the debates will be a-political and speakers have been chosen because of their expertise and their respect for the way in which research can support policy.
Visit Public Finance Debates 2013for details of speakers, venues, dates and times for the three debates.
4 October 2013
Victoria University of Wellington Chair in Public Finance Professor Norman Gemmell provides expert comment on the Reserve Bank lending restrictions.
Please feel free to use the quotes below or contact Norman Gemmell on 04-463 5843 or email email@example.com.
The introduction of the new loan-to-value ratio (LVR) restrictions by the Reserve Bank of New Zealand (RBNZ) this week has received much media commentary—both for and against. The idea (as with other monetary policy instruments such as interest rate rises), is to limit demand for house purchase to help stop unsustainable rises in house prices. As the recent global financial crisis revealed, especially in the United States, when house prices take a downward slump, people with high LVRs suffer most because their house is worth less than their mortgage. So the new LVR restrictions aim to limit demand (and unsustainable house price rises) specifically in a way that will limit the risk of new home buyers finding themselves in this vulnerable position.
Much speculation is surrounding the new policy and whether it will work or not—in reducing the risk of a future house price ‘bubble’. There is almost no past experience to call on to answer the question of how effective we can expect the new LVR restrictions to be. My best guess is that the policy will affect too few people, and in a particular segment of the housing market, to have much noticeable effect, but let’s hope that the officials at the RBNZ who have advocated the policy (and who have more expertise than me in this area) have convinced themselves to adopt it based on some evidence!
But the other big question is, even if successful, will it have other side effects that are good or bad? Here I am more worried for three reasons.
First, using a general rise in interest rates affects almost every borrower and in a similar way, whereas the LVR policy affects only a few, specific types of would-be borrowers. This makes it ripe for responses by borrowers that enable them to get around the policy. For example, first-time buyers who can’t find a 20% deposit, but who have parents who can extend their own mortgage and on-lend to their grown-up children will be in a more favourable position. Others less fortunate with their families’ economic fortunes will, however, be cut out. But expect credit constrained borrowers to explore plenty of ways around the new restrictions—and this could involve family personal loans at higher interest rates that make them more vulnerable to an economic downturn should it happen.
And therein lies the second problem—the policy is intended not to discriminate against lower income borrowers but these are precisely the ones likely to be less able to get around the restrictions. So the policy also discriminates against lower income households or families in a way that interest rate policies don't. When interest rates rise, the banks can make a careful judgement on what they can afford to lend you, and what you can afford to borrow, based on your income prospects into the future, not on how much you’ve been able to save recently towards a deposit.
And thirdly, as some lenders have recently pointed out, ability to repay a mortgage is what really matters in regards to whether a borrower will be vulnerable to an economic downturn in future, not what percent of the house price they have borrowed. So, yes, a temporary house price downturn that leaves your house worth less than your mortgage is not nice. But as long as you still have the income to repay the mortgage you don't need to sell, and can wait for an upturn in house prices in future, as well as your repayments in the meantime reducing the loan value, to sort the issue out. The LVR restriction is only helpful for those who would have to sell their house in a crisis—perhaps because they become unemployed or need to move out. But these are also often the people whose borrowing would be already restricted when lending is based on their expected capacity to repay.
So, maybe we should hope that this new policy isn’t too effective—that way it will have less of these distortionary effects that seem likely to accompany it.
14 August 2013
Research by Associate Professor Lisa Marriott from the School of Accounting and Commercial Law at Victoria Business School shows Inland Revenue (IRD) is more likely to write off unpaid tax in the short term, whereas the Ministry of Social Development (MSD) will often keep welfare debts on its books, sometimes until people die or retire.
“It’s also interesting to note that greater resources are being applied to collecting welfare debt, despite the fact that outstanding tax debt, at nearly $6 billion, is almost six times the amount of outstanding welfare debt,” says Associate Professor Marriott.
“This links to my previous research, which indicated that tax non-compliance and welfare offending are likely to be treated differently in the justice system, in terms of both prosecution and sentencing.”
Taxpayers can apply for financial relief from the IRD, but this is not an option for welfare debtors. In the most recent period (1 July 2011 to 30 June 2012) IRD wrote off nearly 50 percent of interest and penalties applied to overdue tax, amounting to $374 million. Furthermore, IRD wrote off $435 million in core debt (11.6 percent of collectable debt) while MSD wrote off just $8.7 million in core debt (2.1 percent of collectable debt).
Associate Professor Marriott says that in the 2011/12 period, the average value of outstanding tax debt was $14,479 per taxpayer in debt, while the average value of outstanding welfare debt was $2,523 per beneficiary in debt.
In addition, tax debt represented approximately 10 percent of total tax revenue while welfare debt amounted to 4.1 per cent of total social welfare expenditure.
“There appears to be no basis for treating debtors to the two government agencies differently. However, these findings indicate that tax debtors get off more lightly,” says Associate Professor Marriott.
“The more punitive approach to managing the debts of welfare recipients appears to reflect the underlying view of those on welfare as less deserving, while taxpayers—even those who do not pay their taxes—are viewed as providing a greater contribution to society and therefore worthy of preferential treatment.”
Associate Professor Marriott says that MSD debt includes loans for essential living expenses that have not been paid back and overpayments to welfare beneficiaries.
IRD is responsible for collection of 91 percent of government revenue, and MSD is responsible for 37 percent of government expenditure.
12 August 2013
A paper jointly authored by Adjunct Professor Mark Tippett of the School of Accounting and Commercial Law in the Victoria Business School has received the 2012 Abacus Manuscript Award.
This prestigious award is based on the recommendation of an expert panel of academics and practitioners and was announced on 5 August 2013 at the Annual Conference of the American Accounting Association in Anaheim, California.
The paper, co-written with Ian Davidson of the University of Sussex, Qian Guo of Birkbeck College in the University of London and Xiaojing Song of the University of East Anglia, is entitled "Constructing Asset Pricing Models With Specific Factor Loadings". It identifies serious deficiencies in the procedures traditionally used by empirical researchers to assess the sensitivity of risky asset returns to commonly employed risk factors.
Since 1965 Abacus has consistently provided a vehicle for the expression of independent and critical thought on matters of current academic and professional interest in accounting, finance and business.
7 August 2013
Victoria Business School in association with the Centre for Accounting, Governance and Taxation Research (CAGTR), the New Zealand Institute of Chartered Accountants (NZICA) and the External Reporting Board (XRB), hosted a number of events to coincide with the visit of Sir David Tweedie to New Zealand. Sir David is Chairman of the Board of the International Valuation Standards Council and former Chairman of the International Accounting Standards Board, a post he held for ten years following a similar period responsible for UK accounting standards.
Earthquakes in the capital were not enough to thwart the events that were all scheduled to be held in Rutherford House. Thanks to the generosity of the Reserve Bank and NZICA, the lectures by Sir David were held in alternative venues and were all well attended.
Sir David gave an insightful and entertaining public lecture on “Reflections on Accounting Leadership and the Development of Accounting Standards” at the Reserve Bank. During this presentation he discussed the struggle to change accounting standards, initially in the UK and then internationally. The political pressures in the process were highlighted.
Sir David also presented to School of Accounting and Commercial Law staff, PhD students and people from the profession at NZICA premises. His presentation, “The Global Financial Crisis: Regulation and Accounting” garnered a good number of questions from attendees.
Sir David also spoke to a group of Financial Accounting ACCY308 students on one of their course topics: “Harmonisation”. The students were delighted to have been able to listen first hand to one of the foremost speakers in the world on accounting standards. In his closing comments, Kevin Simpkins, Chair of the XRB and course coordinator of ACCY308 in the School of Accounting and Commercial Law, paid tribute to Sir David Tweedie for his outstanding service to the international accounting standards community but also for his close friendship with the New Zealand standard-setting community for the last 30 years.
15 July 2013
An online calculator that allows people to have a go at addressing the government’s long-term financial challenges has been launched by Victoria University’s Chair of Public Finance, Professor Norman Gemmell.
The long-term fiscal calculator, developed in conjunction with The Treasury, is one of the first tools available on a new website nzpublicfinance.com which provides a hub for public finance research and policy debate.
The calculator shows how a range of different choices in spending and taxation can help to address the challenges facing the government’s financial position over the next 40 years. These challenges result from factors such as population ageing and increasing demand for services.
"The pressures facing the fiscal position over the long term mean that some adjustments are going to be required," says Professor Gemmell.
"This calculator lets people choose which options they think are best. For example, you can choose to spend less on health or education but, at the same time, the calculator forces you to think about the trade-offs involved with this.
"It gives people more information about the range of options we have, and allows them to say ‘How, if I was going to balance the books, would I do it?’"
People will be able to submit their choices online, and those submissions will contribute to a picture of preferred options for closing the gap between spending and income.
Professor Gemmell says the long-term fiscal calculator is the first of a number of web tools that will be available on his new public finance website.
"The website will bring together research and data that will be useful for academics, analysts and policy makers. But it’s also aimed at the general public and at stimulating debate and discussion on a whole range of public finance questions around public spending, tax rates and saving schemes like Kiwisaver."
Professor Gemmell says engaging with policy makers and other organisations on public finance issues is an important part of his role.
He is talking with economists and other universities about including a variety of research from around New Zealand, and from around the world, on nzpublicfinance.com.
28 June 2013
Victoria University’s School of Accounting and Commercial Law has been ranked among the best in the world for research quality in an international ranking.
Each year, Brigham Young University in the United States ranks universities throughout the world based upon the research output of accounting staff.
After looking at publications over the past six years, Brigham Young University ranked Victoria number 16 out of over 700 universities in the world for accounting information systems research, 26 for audit research, and 17 for experimental research.
In the more specific fields of experimental accounting systems research and experimental audit research, Victoria University was ranked in the top 10.
“I am delighted to see the School not only achieving the highest ranking of any university in New Zealand, but also performing so well on a global scale,” says Pro Vice-Chancellor and Dean of Commerce Professor Bob Buckle.
“It benefits our students greatly to have educators equipped with leading-edge knowledge in their field.”
The Brigham Young University ranking system examines publications in 11 of the highest-rated and influential accounting journals.
To see the Brigham Young University rankings visit http://www.byuaccounting.net/rankings/univrank/rankings.php.
6 June 2013
A dragon’s den-style competition was held in May for School of Accounting and Commercial Law students to determine who would get to experience a day at work with a busy public sector Chief Financial Officer (CFO).
The Shadow a CFO competition, which was run by global accounting body CPA Australia, featured eight student finalists: Andrew Burt, Cory Dixon, Avril Gillan, Robert Holland, Michelle Knight, Ngahuia Leighton, Rohan Prasad, and Thomas Xiao.
Shadow A CFO saw the students pitching dragon’s den-style to a panel of judges which included partipating CFOs Michael Beever of Statistics New Zealand; Sara Brownlie of Central Agencies Shared Services, New Zealand Treasury; John Gill of Datacom; Paul Helm of NZTA; Kevin Martin of the New Zealand Customs and Scott Scoullar of Housing NZ.
The CFOs were so impressed by the standard of the pitches that every student finalist was selected to spend a day with one of the CFOs. “The candidates were all of a really high quality, and were really brave,” said dragon Sara Brownlie, CFO of Central Agencies Shared Services at New Zealand Treasury.
CPA Australia’s Country Manager for New Zealand, David Jenkins, says Shadow a CFO highlights the career opportunities available in the public sector to the country’s emerging finance professionals and future business leaders. “CPA Australia was delighted to offer this exclusive opportunity to Victoria’s commerce and accounting students,” says Mr Jenkins. “For the winners, it will give them the unique experience of spending one-on-one time with leading CFOs. It will expose them to the real world of business and open their eyes to the opportunities the public sector has to offer.”
The winning students will spend a day with their CFO during July 2013.
29 May 2013
The annual function to celebrate the School of Accounting and Commercial Law prize and scholarship winners was held on Monday, 13 May 2013 on the 12th Floor of Rutherford House. Professor Ian Eggleton, Head of the School of Accounting and Commercial Law welcomed all prize winners, representatives of sponsor organisations, family members, friends and staff to this event to celebrate SACL’s best students.
In his welcoming speech, Professor Bob Buckle, Pro Vice-Chancellor and Dean of the Victoria Business School explained that these prize winners were the top students in the courses receiving the prizes, “which sometimes also means being the top student in a class of 300, which is a significant achievement.” Professor Buckle went on to encourage and congratulate each prize winner and their corresponding sponsor.
The top students for 2012 in a number of Accounting, Commercial Law and Taxation papers were: Baden Adams, Sarah Burr, Johanna Clayton, Alan Fieldes, Abby Franklin, Krishant Goyal, Taegan Hale, Danielle Hurst-Kiely, Linh Nguyen, Katherine Skinner (winner of two prizes), Yvonne Tse, Michelle Tustin, Wayne Verhoeven and Nicholas Young. Aidan Copps, Ha Ta and Neil Walsh-Smith received their prizes in absentia.
These students were the recipients of prizes sponsored by the following organisations: Office of the Auditor-General, CPA Australia, Deloitte, InternetNZ, KPMG, the New Zealand Institute of Chartered Accountants, Pearson NZ and two individuals – the Bhagwan Khanna Prize and also the RW Steele Scholarship.
It was a truly enjoyable event where students, guests and staff members amiably discussed student life, plans and dreams for the future over refreshments.
13 May 2013
The Pro Vice-Chancellor and Dean of Commerce, Professor Bob Buckle, has announced the latest winners of the Dean's Award for Doctoral Achievement in the Victoria Business School. These winners are Saurabh Jain, Alison O’Connell, Diane Strode, Danaa Vandangombo and Nor Balkish Zakaria. Professor Buckle, in his address at the Victoria Business School Excellence Awards, commented that "the purpose of the award is to recognise excellence in the quality of research and writing in the very best of our doctoral theses each year".
Three of the five winners for 2012 are from the School of Accounting and Commercial Law – Saurabh Jain who did his PhD in Commercial Law and Danaa Vandangombo and Nor Balkish Zakaria who both undertook PhD study in Accounting.
7 May 2013
The 4th annual Financial Markets and Corporate Governance Conference, and associated PhD Symposium, was held recently at Victoria University of Wellington (Symposium) and the Rydges Hotel Wellington (Conference).
Established by Associate Professor Balasingham Balachandran (La Trobe Business School), this conference was being hosted overseas for the first time after being held in Melbourne, Australia, for its first three years.
In opening the conference Professor Bob Buckle, Pro Vice-Chancellor and Dean of the Victoria Business School, commented that: "Research, sharing ideas, and improving financial practice and public policy through conferences like this are a crucial part of the process of advancing understanding and practice", and thus in future avoiding the severe social costs from events of the past such as the Global Financial Crisis and the earlier Asian Financial Crisis.
This year's conference was particularly fortunate in having six world renowned academics as keynote speakers: Professor Peter Clarkson, Professor Jonathan Karpoff, Professor Ron Masulis, Professor Stephen Taylor, Professor Tom Smith and Professor Ross Watts.
In addition, papers were presented by academics and PhD students working in Australia, China, Czech Republic, Germany, India, Indonesia, New Zealand, United Kingdom, and United States.
External sponsors of the event included Curtin University, Macquarie University, Queensland University of Technology, La Trobe University, and the Accounting and Finance Association of Australia and New Zealand. Victoria University was represented by the School of Accounting and Commercial Law, the School of Economics and Finance, and the Centre for Accounting, Governance and Taxation Research.
The conference was also the occasion for the Accounting Research Journal to donate an award for the best paper presented at the conference by a PhD student. The winner of the award, announced at the Conference Dinner, was Mark Humphrey-Jenner from the Australian School of Business at UNSW.
Next year's conference will be held in Queensland, Australia.
18 April 2013
Congratulations to School of Accounting and Commercial Law student Nataly Noguer Blue, who won the award for the Best Poster in the Faculty of Commerce Summer Gold Posters Competition with "Measuring Impact in the Voluntary Sector".
From November 2012 to February 2013, a number of Summer Scholars were hosted within SACL and surrounding businesses, working on projects as diverse as 'valuing volunteers to the tax implications of imported goods' to 'companies’ carbon policies'.
These scholars continued the tradition of the past three years where over 1100 students have held Victoria University scholarships as part of the Summer Scholars Scheme. As well as writing reports, scholars are invited to submit a poster describing their work and its results.
SACL Summer Scholars included:
- Nataly Noguer Blue: "Measuring Impact in the Voluntary Sector" (supervisors Drs Carolyn Cordery – SACL and Karen Smith – School of Management), co-sponsored by Volunteering New Zealand. To view the report please visit the Volunteering New Zealand website. To view Nataly's poster click here.
- Krishant Goya: "User Needs of Small Capital Market Entities" (supervisor Dr Rodney Dormer), co-sponsored by the External Reporting Board.
- Michelle Porter: "Who Benefits from Productivity Gains" (supervisor Professor John Creedy), co-sponsored by the Productivity Commission.
- Andrew Milne: "What’s the Cost of the Game? Discretionary and Variable Costs in Grassroots Sports Clubs (Rugby)" (supervisors Dr Carolyn Cordery – SACL and Professor John Davies – School of Management), co-sponsored by Sport New Zealand. To view Andrew's poster click here.
- James Reece Berkett: "Carbon Management and Carbon Accounting Practices among NZ" (supervisor Dr Binh Bui). To view James' poster click here.
- Samuel Easton: "Does Mandatory IFRS Adoption Improve Information Quality" (supervisor Dr Noor Hoque).
25 March 2013
"My time at the IASB and challenges for the future – a conversation with Warren McGregor" was the title of a recent Business Links Seminar hosted by the Centre for Accounting, Governance and Taxation Research (CAGTR), in association with the External Reporting Board (XRB).
The seminar was presented by Professor Warren McGregor, an inaugural member of the International Accounting Standards Board (IASB). Warren traversed his 10-year term on the IASB, in particular highlighting some of the major events of the decade offering a behind the scenes look at these critical events.
He then drew from his experiences to make some observations about the challenges for the future, such as bringing the United States into the IFRS family and the oversight, structural and funding issues relating to public sector accounting standards.
Kimberley Crook, Deputy Chair of the New Zealand Accounting Standards Board and partner and national leader of Financial Accounting Advisory Services for Ernst & Young, provided the commentary.
Kimberley drew on her own experiences while involved in international standard-setting to provide another perspective on some of the critical events of Warren’s term on the IASB, and then drew on Warren’s experiences and observations about the future to highlight issues for us in New Zealand.
Around 75 people, from a wide range of corporate and public sector organisations, attended the seminar.
In his closing comments Kevin Simpkins, Chair of the XRB and Adjunct Professor in the School of Accounting and Commercial Law, paid tribute to Professor McGregor for his outstanding service to the international accounting community and also for his close friendship with the New Zealand standard-setting community for the last 30 years.
25 March 2013
Top students in the School of Accounting and Commercial Law were recently honoured at the School’s annual Awards for Excellence ceremony in the Hunter Building’s Council Chamber.
The prestigious Awards for Excellence were presented by Local Government Online CEO Cassandra Crowley, who gave an engaging address about the variety of interesting opportunities that a qualification in Accounting, Commercial Law or Taxation offers.
Professor Ian Eggleton, Head of the School of Accounting and Commercial Law, said that the Excellence Awards ceremony was one of the highlights of the year and provided a wonderful opportunity for students, their families, prospective employers and Faculty to mingle and network together in an informal gathering.
The winning students were encouraged to enrol for Honours upon graduation, although it is already evident that many will be accepting attractive offers from employers both locally and overseas.
The Award winners were the best academic performers in their second year of Accounting, Commercial Law and Taxation courses:
Certificates in Accounting
Benjamin Allen, Thomas Annear, Nicholas Barry, Evinder Bhandal, Aidan Copps, Lauren Gibbs, Krishant Goyal, Ho My Phuong, Caleb McConnell, Andrew Milne, Brendan Ng, Nguyen Duy Linh, Nguyen Quang Nghi, Anita-Bina Parsot, Arushi Sharma, Christopher Stempa, Matthew Stephen, Tania van Loon and Joel Walden.
Certificates in Commercial Law
Tessa Barnett, Lani Buchanan, Taegan Hale, Danielle Hurst-Kiely, Jennifer Kaye-Blake, Kirsten McCutcheon, Diana Phillips, Nigel Salmons and Blair Tomblin.
Certificates in Taxation
Stuart Berry, Olivia Fountain, Josie-Rose Goddard and Jolene Schwamm.
There were also five students who achieved Excellence in two disciplines: Praneeth Dantanarayana, Abby Franklin, Monique McDermott and Aaron Van Der Heyden who received Certificates of Excellence in Accounting and Commercial Law; and Claire Hughes who achieved Excellence in Accounting and Taxation.