Lecture Slides (PDF) -
Audio file -
LSE alumni are invited to the next talk, in Beijing, on the LSE China Lecture Series. The talk will take place at the Hilton Hotel on 5 November from 7:30pm. Registration is required in advance. See below.
Prof. Richard Macve from the LSE Department of Accounting will speak on
The Future Structure of the Global Accounting and Auditing Profession: Western and Chinese Perspectives
The indigenous audit industries of most non-US/UK countries have confronted perceived market monopolization by the set of international ‘Big 4’ firms which, at least outside the EU, may be regarded as ‘foreign firms’. The history of China’s attempts over the last four decades at self-determination in creating and developing its indigenous firms provides an important comparator, especially now that it is often predicted that the next ‘Big N’ international firm could be a Chinese CPA firm.
The lecture explores how far it is realistic to suppose that one or more indigenous Chinese firms, however large they may grow domestically or even as ‘multinationals’ serving Chinese clients as they invest overseas, can now aim to occupy a position internationally alongside the current Big 4.
Event Details
Date and Time: 5 November, 7:30pm
Venue: Signature Ballroom, 3rd Floor, Beijing Hilton Hotel (Dongsanhuan)
Event: Buffet dinner followed by lecture.
Registration: This is an LSE alumni event and registration is required in advance. Registration is now closed for this event.
About the Speaker
Professor Richard Macve, MA (Oxon), MSc (London), FCA, Hon FIA
Richard Macve is Emeritus Professor of Accounting at the London School of Economics and Political Science (LSE), where he was formerly Convener of the Department of Accounting. Educated at Chigwell School and New College, Oxford, he qualified as a chartered accountant in the London office of Peat, Marwick, Mitchell & Co. (now KPMG), winning prizes at all three levels of examinations. He was a co-opted member of the Council of the Institute of Chartered Accountants in England & Wales (ICAEW) from 1986 to 1993 and chaired its Environmental Research Group and its Student Education Advisory Group. He has been Vice-Chairman of the ICAEW’s Technical Committee and a member of its Education and Training Directorate, of its Sustainability Steering Group and of the CCAB’s Board of Accreditation of Accountancy Educational Courses. He was Academic Advisor to the ICAEW’s Research Advisory from to 1994 to 2013. Since 2004 he has been a member of the Worshipful Company of Chartered Accountants in England & Wales (WCCAEW) and since February 2012 a Court Assistant. He is a member of the Financial Reporting Council’s (FRC) Accounting Council’s Academic Panel and was a member of the predecessor Accounting Standards Board’s (ASB) Financial Sector and Other Special Industries Committee. From 2011 to 2013 he was a member of the Financial Accounting Standards Committee of the American Accounting Association (AAA). He was the founding Vice-Chairman of the Conference of Professors of Accounting and Finance (CPAF). He was a member and Vice-Chairman of the Accounting and Finance Panel (Panel 44) for the Higher Education Funding Councils’ Research Assessment Exercise (RAE 2001). He was made an honorary Fellow of the Institute of Actuaries in 2000, and has served as a member of the Accounting Liaison Group of the Faculty and Institute of Actuaries and as a member of its Prizes and Awards Comitttee. From 1979 to 1996 he was the Julian Hodge Professor of Accounting and Head of the Department of Accounting at Aberystwyth University, where he is now an Honorary Visiting Professor of Accounting in the University’s School of Management and Business (SMBA). In March 2010 he was invited to visit Osaka City University as a Distinguished Professor, and he was awarded the 2010 Distinguished Academic Award by the British Accounting Association (BAA). In September 2010 he became an Honorary Research Fellow of the University of International Business and Economics (UIBE), Beijing, PRChina and in November 2011 an Honorary Professor at Zhongnan University of Economics and Law in Wuhan, PRChina. At LSE he is a member of the steering committee for the Confucius Institute for Business, London (CIBL).
His books include: A Conceptual Framework for Financial Accounting and Reporting: the possibilities for an agreed structure (ICAEW, 1981); Marking to Market: Accounting for Marketable Securities in the Financial Services Industry (with Jonathan Jackson), ICAEW, 1991; Business, Accountancy and the Environment (ed. with Anthony Carey), ICAEW, 1992; Goodwill and Other Intangibles (with John Arnold, Don Egginton, Linda Kirkham, and Ken Peasnell), ICAEW, 1992; A Survey of Lloyd's Syndicate Accounts (with David Gwilliam), 2nd.edn., Prentice Hall / ICAEW, 1993; Accounting Principles for Life Insurance: A True and Fair View? (with Joanne Horton), ICAEW, 1995; A Conceptual Framework for Financial Accounting and Reporting: Vision, Tool or Threat? Garland, 1997; UK Life Insurance: Accounting for Business Performance (with Joanne Horton), FT Finance, 1997; and An Experiment in ‘Fair Value’ Accounting? the State of the Art in Research and Thought Leadership on Accounting for Life Assurance in the UK and Continental Europe (with Joanne Horton and George Serafeim), ICAEW, 2007.
He has published articles in a range of leading academic and professional journals and is currently working on research projects on accounting for life insurance and on various historical areas, including work with Professor Keith Hoskin of Essex University on the historical development of management and accounting in the US in the nineteenth century and (in collaboration with Dr. Debin Ma and Dr. Yuan Weipeng) in Imperial China; and with Dr. Shuwen Deng (formerly at the Shanghai University of Finance and Economics (SUFE) and now working in the Capital Market Institute of the Shanghai Stock Exchange) on the origins and development of China’s auditing firms.
Further information: see website: http://www.lse.ac.uk/accounting/facultyAndStaff/profiles/macve.aspx
Interviewed at: http://news.esnai.com/39/2014/1209/109143.shtml