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About the AARG

Research areas
AARG Members and their research projects
Collaborative partnerships
Research degrees

The Accounting and Auditing Research Group (AARG) provides a focus for investigating current issues in accounting that include financial reporting, assurance, corporate governance, corporate social responsibility and business models in large and small business entities. Specialist areas include impact assessments of government policy and other regulatory bodies on accounting, auditing and governance.

Themes tend to reflect current issues and can be diverse. For example, important questions relating to the corporate governance of large organisations in relation to remuneration of directors and sustainability of businesses, right through to concerns regarding personal debt in civil society.

An essential element of AARG’s research agenda is the relationship with the stakeholders, including the accounting profession and business. A significant feature is the annual Brunel Accounting Symposium, which was established in 2011. The purpose of this event is to provide discussion on contemporary issues facing accountancy, provide continuing professional development, and foster relations betweeen regulators and the accountancy profession.  

The event attracts high level keynote speakers who are renowned international researchers. Speakers have represented national and international regulators such as:

The Department for Business, Energy & Industrial Strategy (BIS)

The Financial Reporting Council (FRC)

The International Accounting Standards Board (IASB)

And accountancy bodies such as:

The Association of Chartered Certified Accountants (ACCA)

The Institute of Chartered Accountants in England and Wales (ICAEW)

The Institute of Chartered Accountants of Scotland (ICAS)

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Research areas

The impact of European Directives and the regulation of financial reporting by SMEs
This area of research focuses on the impact of changes in financial reporting requirements on the reporting of SMEs’ performance. The work is supported by the accounting profession.

CEO performance and remuneration
This area of study includes investigating whether rules relating to ‘Say on Pay’, introduced in 2013, have been effective. This work is supported by the Principles of Responsible Investment (PRI) and the British Academy.

Payday Lending and Personal Debt
Research pertaining to these two important concerns for civil society has been the subject of two parliamentary roundtables and evidence submitted by ACCA and other bodies to the Financial Conduct Authority (FCA). This has resulted in capping the interest rates charged by payday lending companies. The research has also been used by the Danish Consumer Council to lobby the Danish Government to regulate this market.

Board Governance and Corporate Performance
This study examines the link between the monitoring capacity of the board and corporate performance of UK listed firms. It investigates how firms use the flexibility offered by the voluntary governance regime adopted in UK. The results of this research have been published by the UK Parliament Select Committee on Corporate Governance.

Environmental and social disclosures
Link with corporate financial performance: Environmental and social disclosures entail costs, yet increasingly, large listed firms are making higher and better quality disclosures. This study finds that contrary to the focus in the literature, it is the social (and not environmental) disclosures that are value relevant for investors in UK. Further analysis reveals that this link is driven by higher expected growth rates in the cash flows of such firms.

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AARG Members and their research projects 

Dr Jill Collis (Primary leader)

Impact of changes in financial reporting requirements on small and micro-companies

Costs and benefits of digital reporting to small companies

Costs and benefits of voluntary audit

Responsiveness of auditors to audit risk standards

Professor Robin Jarvis (Support)

FRS 102 and its impact on the performance as disclosed in financial reports of medium size companies

FRS 105: measuring the adoption of the standard with reference to size and industry

Payday lending and personal debt

SMEs and accounting for research and development costs

The advisory and support role of small and medium size practices (SMPs) of accountants

Research Grants/Funding On-going

FRS 105 - ACCA with Dr Monomita Nandy 

Say on Pay; The British Academy Small Research Grants (with Dr Radha Shiwakoti)

Mr Majid Aminzare (Lecturer)

Dr Nikolaos Antypas (Lecturer in Finance & Corporate Governance)

Acquisitions and the relationship with the labour work force

Market driven incentives of acquisitions

Macroeconomic determinants of merger waves

CEO performance and corporate governance 

Mr John Aston (Senior Lecturer)

Predicting corporate failure and health using multi-variate analysis models and discriminant analysis models

Stress management in UK universities, an analysis based on gender, age, and teaching and non- teaching staff

Dr Nevine El-Tawy (Lecturer)

Revisiting the role of the grounded theory research methodology in information systems research

Towards le-agile philosophy for management accounting practices in healthcare service

Integrated reporting 

Mrs Sue Hardman (Senior Lecturer)

Dr Monomita Nandy
(Senior Lecturer in Accounting)

Audit rotation

Media and earnings management

Cosmetic earnings management

Sustainable entrepreneurship

Corporate antecedents and capital market consequences of corporate governance choices of firms, particularly board-related choices

Corporate antecedents and capital market consequences of corporate social responsibility related performance and disclosures of firms

Research grants/Funding on-going

Mindfulness and future entrepreneurs; Brunel University London

FRS 105 - ACCA (with Professor Robin Jarvis)

Innovation in the public sector; Saudi Government 

Dr Amama Shaukat (Senior Lecturer in Accounting)

Dr Radha Shiwakoti (Senior Lecturer)

Say on Pay

Banks and Building Societies

Research grants/funding On-going

Say on Pay; The British Academy Small Research Grants (with Professor Robin Jarvis)

Dr Grigorios Theodosopoulos (Senior Lecturer)

Accounting for business models

Accounting education (with particular focus on teaching accounting to non-specialist students)

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Collaborative partnerships

Dr Jill Collis

  • Aalto University, Finland
  • ACCA
  • Al-Zaytoonah University of Jordan, Jordan
  • University of Economics in Prague, Czech Republic
  • University of Florida, USA 

Professor Robin Jarvis

  • ACCA
  • European Commission: Financial Services User Group
  • Bamberg University, Germany
  • University of Malta
  • European Federation of Accountants and Auditors (EFAA)
  • Principles of Responsible Lending (PRI)
  • Ethics and Trust in Finance – A member of the Jury
  • Finance Inclusion Centre
  • Chartered Banker Professional Standards Board
  • Finance Watch (EU)

Dr Monomita Nandy

  • University of Bristol
  • University of Surrey
  • Middlesex University
  • Aalto University, Finland;
  • CK college India ;
  • Vanderbilt University, USA
  • Fordham University, USA

 Dr Amama Shaukat

  • University of Bristol
  • University of Exeter
  • University of Manchester
  • Grenoble University, France
  • St Francis Xavier University, Canada
  • Institute of Business Administration, Karachi, Pakistan

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Research degrees

A research degree provides the opportunity to investigate a topic in depth, and contribute new knowledge to your discipline. Find out more about Research Degrees in Brunel. 

Research areas of interest

AARG staff members particularly welcome proposals for research in their areas of expertise:

Dr Nikolaos Antypas
Mergers and acquisitions
CEO turnovers
CEO performance
Corporate governance 

John Aston
Auditing as a science
Corporate governance
Multi variate analysis or discriminate analysis
Corporate finance

Dr Jill Collis
Current issues in financial reporting or auditing for smaller private companies 

Dr Nevine El-Tawy
Integrated reporting
Accounting for CSR
Issues in accounting education

Professor Robin Jarvis
Financial reporting and SMEs
Business advisory services for SMEs
Personal debt issues 

Dr Monomita Nandy
Emerging issues in finance, banking, accounting and corporate governance 

Dr Amama Shaukat
Corporate governance
Corporate Social Responsibility 

Dr Radha Shiwakoti
Directors’ remuneration
Corporate governance
Earnings management
Board interlock
Mergers and acquisitions
Performance of financial institutions

Dr Grigorios Theodosopoulos
Decision usefulness, accounting for business models research ideally focusing on voluntary sector organisations and the international energy sector
Studies in higher education with a focus on accounting and business studies

PhD research surrently being supervised

John Aston
Nosheen Rasool: Shareholder value analysis 

Dr Jill Collis
Sonila Gkorou: Adoption of the IFRS for SMEs: Comparison of the UK with Albania 

Dr Nevine El-Tawy 
Moneera Abdullah A Alwahaibi: Accounting reporting and disclosure for CSR

Professor Robin Jarvis
Mohamed Abbas: The effect of FRS 102 on financial reporting of medium size companies

Dr Monomita Nandy
Abdulrahman Alquraishi: Corporate governance and momentum trading
Jaskarn Kaur: Director networking and Corporate Social Responsibility
Jin Wang: Corporate lobbying and executive compensation
Mohammed Albakhiti: Innovation in public sector

Dr Amama Shaukat
Omar Albastaki: Risk management in oil companies in Bahrain

Dr Radha Shiwakoti
Lei Yang: Frequent mergers and acquisitions withdrawn: institutional perspectives and evidence
Amina Buallay: Intellectual capital and firm performance
Zakeya Sanad: Board diversity and earnings management
Hebah Almajali: Time-driven Activity Based Costing (TD-ABC) system on performance improvement

Dr Grigorios Theodosopoulos
Rashed Alazemi: Accounting for the national business model of Saudi Arabia
Fotios Zeritis: The strategic internationalisation of natural gas market delivering liquefied natural gas (LNG) via the supply chain to the global LNG market


Choosing your supervisor
Our researchers help with knowledge creation and advance understanding, equipping graduates with the confidence to apply what they have learnt to research for the benefit of society. Browse the list of the members of our group to select your potential supervisor here. You are welcome to approach your potential supervisor directly to discuss your research interests.

We foster a thriving, research-intensive community in an environment of  . Find out more about Research Degrees at Brunel. A research degree provides the opportunity to investigate a topic in depth, and contribute new knowledge to your discipline.

Funding for doctoral studies
A number of studentships and other research funding opportunities are available at Brunel. Please see full list here: Research degree funding

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