ICAF 2011

FACULTY & RESEARCH > Research > Conferences

Proceedings of the International Conference on Accounting and Finance (ICAF-2011) at
TAPMI

The first International Conference on Accounting and Finance (ICAF-2011) was organized by TAPMI, Manipal from the 10th to the 12th of March, 2011. The conference theme this year was ‘Strategic Accounting for Control and Governance’ and papers were invited on the following topics:

  • Role of Regulatory Bodies
  • Ethics in Accounting & Governance
  • Forensic Accounting and Fraud
  • Tax Accounting and Fraud
  • Creative Accounting and Earnings Management
  • Internal Audit-detection/prevention of fraud and unacceptable accounting practices
  • Audit Techniques - Challenges in Technology Enabled Business Environment
  • Accounting Challenges – Strategic Accounting
  • Management Control Systems
  • Whistle Blowing - Corporate Policy & Practices
  • Information security audits
  • Electronic crime
  • Best Practices in Corporate Governance
  • Other related areas

Many accounting and systemic scandals, past as well as on going, have rocked public confidence in the efficiency of governing systems. Along with solid regulatory controls, good governing systems (internal) have also been seen as an answer to prevent recurrence of such instances. This conference sought to explore the inter-relations between Accounting and Governance practices and provide a platform for practitioners and researchers to exchange ideas.

The three day event was inaugurated on the 10th of March, 2011 by Shri Dhanendra Kumar, the first Chairperson of the Competition Commission of India (CCI). He spoke on the role of Competition Commission in ensuring fair play, ethics and integrity in the relationship between Corporates and their stakeholders in the form of customers, which role was also the essence of the conference.

Dr. H S Ballal, Pro-Chancellor of Manipal University, Dr Saji Gopinath, Director of TAPMI, Prof Simon George, Dean of Academics-TAPMI and Prof Vrishali Bhat, Co-Coordinator of ICAF were also present on the dais.

The participants included Faculty members and students from various prestigious Institutes from different parts of the globe. Heads of Institutions of Manipal University Institutions, management students, faculty members and staff of TAPMI graced the prestigious occasion, also  attended by other notable invitees. Over 100 research papers were received from delegates all over the world for this event and 46 papers were presented over two days. Some of the major sponsors of the event included Chartered Institute of Management Accountants (CIMA), PriceWaterhouseCoopers, Emerald Publishers, ISI Emerging Markets & Tata McGrawHill.

After the inauguration ceremony, Prof Poonam Puri from York University, Canada and Prof. Suresh Kalagnanam from the University of Saskatchewan, Canada opened the proceedings by giving two different and interesting perspectives into the topic of “Corporate Governance- Whose job is it?”

The events on the second day were started by Prof. Linda Robinson from the University of Waterloo, Canada and Prof. Diane Jamieson from Sheffield Hallam University, UK who talked extensively on various important factors of Forensic Accounting, Fraud & Earnings management. This was followed by a talk on Risks in Emerging economies by Ms. Vidya Rajarao from PwC India. These three talks elicited a good discussion in the form of the subsequent question/answer sessions. Mr. Debapriya Mukherjee from Emerald Publications, one of the leading journals then had a brief talk on the Insider’s Guide for publishing of papers. This was followed by 20 academic paper presentations spread over 5 sessions, on topics such as Technology & E-Crime, Accounting Ethics & Regulation, Systematic Challenges & Whistle blowing, Earnings Management & other related Issues.

The proceeding on the third day morning began with a brief on India’s convergence with IFRS by Prof.R.Narayanaswamy from IIM Bangalore, India. This was followed by an insight into problems in converging to IFRS presented by Mr. Sunder Iyer of PWC, India. Again, these informative talks were extremely well received and generated great debate on seemingly mundane issues such as IFRS. Thereafter, 24 paper presentations over 6 sessions were made covering a host of topics on IFRS Challenges, Management Control System & Corporate Governance, IFRS & other Accounting Challenges and Related Issues in Corporate Governance. Some of the prominent international participants included researchers from the IIMs, IITs, MDI, Sheffield Hallam University, UK, University of Tarbiyat Modares, Iran, University of Kelaniya, Srilanka, University of Turin, Italy, amongst other major universities.

The three day event culminated on the 12th of March 2011 with a Valedictory Function for which Mr. Vinit Monga, Head of Finance & Control, Nokia Siemens Networks Pvt. Ltd., India was the Chief Guest. Mr. Monga addressed the participants, students and distinguished guests present in the gathering on the need to keep an open mind and think out of the box as managers. After his talk, all the participants were felicitated with certificates acknowledging their participation in and contribution to the event, thus bringing down the curtain on the first ICAF. The announcement for the second ICAF, to be held tentatively during the first week of September 2012, was also made during the proceedings.

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