Risk Driven Innovation in the Not So Boring Accountancy Profession
Journal article
Cowling, M., Ambilichu, C., Yekini, L. and Omoteso, K. 2024. Risk Driven Innovation in the Not So Boring Accountancy Profession. Journal of International Accounting, Auditing and Taxation. 58, pp. 1-11. https://doi.org/10.1016/j.intaccaudtax.2024.100675
| Authors | Cowling, M., Ambilichu, C., Yekini, L. and Omoteso, K. |
|---|---|
| Abstract | The accountancy profession is in a period of dynamic innovation driven change as new information technologies reconfigure the way business is conducted and the services that accountancy firms offer to their clients. As with all innovation, there is also the potential for disruptive change with risky outcomes. However, not all businesses are willing to take on these risks. In this paper, we explore two research questions: Who is willing to take risks with their business? and, are risk-loving accountants more likely to be innovative? Using new survey data from UK accountancy practices, we find that accountants that have an appetite for risk are significantly more likely to be innovative in both their internal processes and practices as well as externally through the development of new products, services, and markets. Further, we find that the perception of increased market competition/turbulence negatively affects product and service innovations, but not process, managerial, and marketing innovations of accountancy firms. |
| Keywords | Risk; Innovation; Accountancy; Competition |
| Year | 2024 |
| Journal | Journal of International Accounting, Auditing and Taxation |
| Journal citation | 58, pp. 1-11 |
| Publisher | Elsevier |
| ISSN | 1879-1603 |
| Digital Object Identifier (DOI) | https://doi.org/10.1016/j.intaccaudtax.2024.100675 |
| Web address (URL) | https://www.sciencedirect.com/journal/journal-of-international-accounting-auditing-and-taxation |
| Accepted author manuscript | License File Access Level Open |
| Output status | Published |
| Publication dates | |
| Online | 25 Dec 2024 |
| Publication process dates | |
| Accepted | 04 Apr 2024 |
| Deposited | 06 Mar 2025 |
Permalink -
https://repository.derby.ac.uk/item/q7260/risk-driven-innovation-in-the-not-so-boring-accountancy-profession
Download files
Accepted author manuscript
| Risk and innovation - The manuscript - 03July2024 AcceptedManuscript_AE.docx | ||
| License: CC BY 4.0 | ||
| File access level: Open | ||
75
total views15
total downloads17
views this month2
downloads this month
Export as
Related outputs
Audit fees-audit quality relationship: Does employee board representation matter?
Owusu, A., Atif, M., Holmes, M. and Omoteso, K. 2025. Audit fees-audit quality relationship: Does employee board representation matter? The British Accounting Review. pp. 1-24. https://doi.org/10.1016/j.bar.2025.101766An investigation of the barriers and drivers for implementing green supply chain in Malaysian food and beverage SMEs: a qualitative perspective
Yekini, L. 2024. An investigation of the barriers and drivers for implementing green supply chain in Malaysian food and beverage SMEs: a qualitative perspective. WSEAS Transactions on Business and Economics. 21, pp. 2169-2189. https://doi.org/10.37394/23207.2024.21.179Numerical analyses of acoustic vibrational resonance in a Helmholtz resonator
Omoteso, K., Bagdasar, O., Roy-Layinde, T. O. and Diala, U. 2024. Numerical analyses of acoustic vibrational resonance in a Helmholtz resonator. Nonlinear Dynamics . pp. 1-21. https://doi.org/10.1007/s11071-024-10534-wFactors Influencing the Adoption of IFRS in the MENA Region: A Neo-Institutional Approach
Klish, A. A., Shubita, M., Omoteso, K. and Wu, J. 2024. Factors Influencing the Adoption of IFRS in the MENA Region: A Neo-Institutional Approach. Journal of International Accounting, Auditing and Taxation. 58. https://doi.org/10.1016/j.intaccaudtax.2024.100674Future Opportunities for Port City Development: A Reciprocal Evaluationfor Competitive Advantage for Malaysian Seaports
Zain, R.M., Jeevan, J., Salleh, N.H.M., Ngah, A.H., Ramli, A., Zain, M.Z.M., Yekini, L. and Dirie, A.N 2024. Future Opportunities for Port City Development: A Reciprocal Evaluationfor Competitive Advantage for Malaysian Seaports. Journal of Maritime Research . 21 (1), pp. 1-18.Meeting Stakeholder Needs: Who Should Managers Pay Close Attention To? Evidence from Listed Chinese Manufacturing Companies
Oino, I. and Yekini, L. 2024. Meeting Stakeholder Needs: Who Should Managers Pay Close Attention To? Evidence from Listed Chinese Manufacturing Companies. Sustainability. 16 (9), pp. 1-19. https://doi.org/10.3390/su16093806Enhancing life cycle product design decision-making processes: insights from normal accident theory and satisficing framework
Ibn-Mohammed, T., Yamoah, F.A., Acquaye, A.A., Omoteso, K. and Koh, S.C.L. 2024. Enhancing life cycle product design decision-making processes: insights from normal accident theory and satisficing framework. Resources, Conservation & Recycling. 205, pp. 1-16. https://doi.org/10.1016/j.resconrec.2024.107523Analysis of vibrational resonance in an oscillator with exponential mass variation
T.O. Roy-Layinde, K.A. Omoteso, U.H. Diala, J.A. Runsewe, J.A. Laoye and Diala, U. 2023. Analysis of vibrational resonance in an oscillator with exponential mass variation. Chaos, Solitons & Fractals. 178, pp. 1-10. https://doi.org/10.1016/j.chaos.2023.114310Effective methods for detecting fraudulent financial reporting: practical insights from Big 4 auditors
Kassem, R. and Omoteso, K. 2023. Effective methods for detecting fraudulent financial reporting: practical insights from Big 4 auditors. pp. 1-43. https://doi.org/10.1108/JAL-03-2023-0055Strategic Leadership and Firm Performance: The Mediating Role of Ambidexterity in Professional Services SMEs
Ambilichu, C., Omoteso, K. and Liafisu Sina 2022. Strategic Leadership and Firm Performance: The Mediating Role of Ambidexterity in Professional Services SMEs. European Management Review. pp. 1-19. https://doi.org/https://doi.org/10.1111/emre.12548Cheating behaviour among OPEC member-states and oil price fairness and stability: an empirical analysis
Ibrahim, Masud and Omoteso, Kamil 2022. Cheating behaviour among OPEC member-states and oil price fairness and stability: an empirical analysis. International Journal of Global Energy Issues. 44 (1), pp. 1-33. https://doi.org/10.1504/IJGEI.2022.120775Access to medicine in developing countries: instituting state obligation over corporate profit
Yusuf, H. and Omoteso, Kamil 2022. Access to medicine in developing countries: instituting state obligation over corporate profit. Indiana Journal of Global Legal Studies. 29 (1), pp. 131-161.
NGO accountability on environmentalism: a literature review of relevant issues and themes
Yekini, Liafisu Sina and Yekini, Kemi, C 2021. NGO accountability on environmentalism: a literature review of relevant issues and themes. in: Emerald Publishing.Revisiting International Public Sector Accounting Standards Adoption in Developing Countries
Boolaky Doorgakunt, Lakshi D, Omoteso, Kamil, Mirosea, Nitri and Boolaky, Pran Krishansing 2021. Revisiting International Public Sector Accounting Standards Adoption in Developing Countries. International Journal of Public Administration. 45 (13), pp. 948-963. https://doi.org/10.1080/01900692.2021.1925692Audit committee and audit quality: An empirical analysis considering industry expertise, legal expertise and gender diversity
Alhababsah, Salem and Yekini, Liafisu Sina 2021. Audit committee and audit quality: An empirical analysis considering industry expertise, legal expertise and gender diversity. Journal of International Accounting, Auditing and Taxation. 42, pp. 1-17. https://doi.org/10.1016/j.intaccaudtax.2021.100377Is there a trade-off between accrual-based and real earnings management activities in the presence of (fe) male auditors?
Owusu, Andrews, Mansour Zalata, Alaa, Omoteso, Kamil and Elamer, Ahmed A 2020. Is there a trade-off between accrual-based and real earnings management activities in the presence of (fe) male auditors? Journal of Business Ethics. https://doi.org/10.1007/s10551-020-04672-5The impact of religiosity on earnings quality: International evidence from the banking sector
Omoteso, Kamil 2020. The impact of religiosity on earnings quality: International evidence from the banking sector. The British Accounting Review. https://doi.org/10.1016/j.bar.2020.100957Threats to auditor independence: Evidence from Iran
Fashami, Ashkan Mirzay, Boolaky, Pran Krishansing and Omoteso, Kamil 2019. Threats to auditor independence: Evidence from Iran. Athens Journal of Business & Economics.The determinants of CEO turnover: evidence from French listed companies
Boussaada, R, Yekini, Liafisu Sina and Makhlouf, M 2018. The determinants of CEO turnover: evidence from French listed companies. Research in Management Science. https://doi.org/10.3917/resg.129.0029Corporate social responsibility performance and tax aggressiveness
Chijoke-Mgbame, M.A, Yekini, Liafisu Sina, Kemi, Y.C and Mgbame, C.O 2017. Corporate social responsibility performance and tax aggressiveness. Journal of Accounting and Taxation. https://doi.org/10.5897/JAT2017.0266Examination of information load following IFRS adoption in an emerging market: evidence from Nigeria.
Okwuosa I, Yekini, Liafisu Sina and Oyemade B 2017. Examination of information load following IFRS adoption in an emerging market: evidence from Nigeria. International Accounting and Finance Research Journal.The impact of mergers and acquisitions on shareholders’ wealth: evidence from Nigeria
Abeleje, R and Yekini, Liafisu Sina 2014. The impact of mergers and acquisitions on shareholders’ wealth: evidence from Nigeria. The Scottish Journal of Arts, Social Sciences and Scientific Studies.Investigating the link between CSR and Financial Performance – Evidence from Vietnamese Listed Companies
Ho Ngoc, T.T and Yekini, Liafisu Sina 2014. Investigating the link between CSR and Financial Performance – Evidence from Vietnamese Listed Companies. British Journal of Arts and Social Sciences.Impact of board independence on the quality of community disclosures in annual reports.
Yekini, K.C, Adelopo, I, Andrikopoulos, P and Yekini, Liafisu Sina 2019. Impact of board independence on the quality of community disclosures in annual reports. The Accounting Forum. https://doi.org/10.1016/j.accfor.2015.05.004An Evaluation of Management Perspectives of Sustainability Reporting In The Nigerian Oil Industry.
Uzonwanne, G, Yekini, K, Yekini, Liafisu Sina and tobo, P 2014. An Evaluation of Management Perspectives of Sustainability Reporting In The Nigerian Oil Industry. Journal of Management and Sustainability. https://doi.org/10.5539/jms.v4n2p70Psychopathic traits of corporate leadership as predictors of future stock returns
Wisniewski, Tomasz Piotr, Yekini, Liafisu Sina and Omar, Ayman 2019. Psychopathic traits of corporate leadership as predictors of future stock returns. European Financial Management. https://doi.org/10.2139/ssrn.2984999The adoption of IPSAS (accrual accounting) in Indonesian local government: a neo-institutional perspective
Boolaky, Pran, Mirosea, Nitri and Omoteso, Kamil 2019. The adoption of IPSAS (accrual accounting) in Indonesian local government: a neo-institutional perspective. International Journal of Public Administration. https://doi.org/10.1080/01900692.2019.1669047Differential market valuations of board busyness across alternative banking models
Elnahas, Marwa, Omoteso, Kamil, Salama, Aly and Trinh, Vu Quang 2019. Differential market valuations of board busyness across alternative banking models. Review of Quantitative Finance and Accounting. https://doi.org/10.1007/s11156-019-00841-4Accountability of transnational corporations in the developing world: The case for an enforceable international mechanism.
Yusuf, Hakeem O. and Omoteso, Kamil 2017. Accountability of transnational corporations in the developing world: The case for an enforceable international mechanism. Critical perspectives on international business. https://doi.org/10.1108/cpoib-08-2014-0040Stock market returns and the content of annual report narratives.
Yekini, Liafisu Sina and Wisniewski, Tomasz 2015. Stock market returns and the content of annual report narratives. Accounting Forum. https://doi.org/10.1016/j.accfor.2015.09.001Combating environmental irresponsibility of transnational corporations in Africa: an empirical analysis.
Yusuf, Hakeem O. and Omoteso, Kamil 2015. Combating environmental irresponsibility of transnational corporations in Africa: an empirical analysis. Local Environment: The International Journal of Justice and Sustainability. https://doi.org/10.1080/13549839.2015.1119812Market reaction to the positiveness of annual report narratives
Yekini, Liafisu Sina, Wisniewski, Tomasz Piotr and Millo, Yuval 2015. Market reaction to the positiveness of annual report narratives. The British Accounting Review. 48 (4), pp. 415-430. https://doi.org/10.1016/j.bar.2015.12.001CSR communication research: A theoretical-cum-methodological perspective from semiotics
Yekini, Kemi, Omoteso, Kamil and Adegbite, Emmanuel 2019. CSR communication research: A theoretical-cum-methodological perspective from semiotics. Business and Society.Disassembly and deconstruction analytics system (D-DAS) for construction in a circular economy
Akanbi, Lukman A., Oyedele, Lukumon O., Omoteso, Kamil, Bilal, Muhammad, Akinade, Olugbenga O., Ajayi, Anuoluwapo O., Davila Delgado, Juan Manuel and Owolabi, Hakeem A. 2019. Disassembly and deconstruction analytics system (D-DAS) for construction in a circular economy. Journal of Cleaner Production. 223, pp. 386-396. https://doi.org/10.1016/j.jclepro.2019.03.172Does Regulatory Environment affect Earnings Management in Transitional Economies? An Empirical Examination of the Financial Reporting Quality of Cross-Listed Firms of China and Hong Kong
Nnadi, Matthias, Omoteso, Kamil and Yu, Yi 2015. Does Regulatory Environment affect Earnings Management in Transitional Economies? An Empirical Examination of the Financial Reporting Quality of Cross-Listed Firms of China and Hong Kong. in: Emerald Group Publishing Limited.Combating environmental irresponsibility of transnational corporations in Africa: an empirical analysis.
Yusuf, Hakeem O. and Omoteso, Kamil 2015. Combating environmental irresponsibility of transnational corporations in Africa: an empirical analysis. Local Environment.. https://doi.org/10.1080/13549839.2015.1119812International standards on auditing in the international financial services centres: What matters?
Boolaky, Pran and Omoteso, Kamil 2016. International standards on auditing in the international financial services centres: What matters? Managerial Auditing Journal. https://doi.org/10.1108/MAJ-09-2015-1243Reinforcing users’ confidence in statutory audit during a post-crisis period: An empirical study.
Aziz, U.A. and Omoteso, Kamil 2014. Reinforcing users’ confidence in statutory audit during a post-crisis period: An empirical study. Journal of Applied Accounting Research. https://doi.org/10.1108/JAAR-11-2013-0108BIM-based deconstruction tool: Towards essential functionalities
Akinade, Olugbenga O., Oyedele, Lukumon O., Omoteso, Kamil, Ajayi, Saheed O., Bilal, Muhammad, Owolabi, Hakeem A., Alaka, Hafiz A., Ayris, Lara and Henry Looney, John 2017. BIM-based deconstruction tool: Towards essential functionalities. International Journal of Sustainable Built Environment. https://doi.org/10.1016/j.ijsbe.2017.01.002Accountability of transnational corporations in the developing world: The case for an enforceable international mechanism.
Omoteso, Kamil and Yusuf, Hakeem O. 2017. Accountability of transnational corporations in the developing world: The case for an enforceable international mechanism. Critical perspectives on international business. https://doi.org/10.1108/cpoib-08-2014-0040