Claus Holm

Professor

Claus Holm

Professor

Department of Economics and Business Economics

Type of address: Postal address.

Fuglesangs Allé 4

2631, 148

8210

Aarhus V

Denmark

Email: hoc@econ.au.dk

Mobile: +4540422778

Education:
PhD in Auditing, Aarhus School of Business, 1996
MSc in Accounting and Auditing (cand.merc.aud), Aarhus School of Business, 1993
MSc (cand.oecon), University of Aarhus, 1989

Current employment:

2016 - Professor (Financial Accounting and Auditing), Department of Economics and Business Economics, Aarhus University

Prior employments:
2011 - 2016 MSO Professor (Financial Accounting and Auditing), Department of Economics and Business, Aarhus University2011 - MSO Professor (Financial Accounting and Auditing), Department of Economics and Business, Aarhus University2011 - 2016 MSO Professor (Financial Accounting and Auditing), Department of Economics and Business Economics, Aarhus University
2008 – 2011 MSO Professor (Financial Accounting and Auditing), Head of Accounting
Research Centre, Department of Business Studies

2000 -2008Associate Professor (Financial Accounting and Auditing), Department of Business Studies, Aarhus School of Business, University of Aarhus
2003-2007External Lecturer (Auditing), University of Southern Denmark, Kolding.

2002-2005External Lecturer (Auditing), Aalborg University

2000- 2005 External Lecturer (Financial Statement Analysis & Financial Accounting), School of Economics and Management, University of Aarhus
1998-2001External Lecturer (Health Economy), University of Aarhus

1998 Teaching assistant (Auditing), Aalborg University

1997 Teaching assistant (Financial Statement Analysis), School of Economics and Management, University of Aarhus

1996-2000Assistent Professor (Financial Accounting and Auditing), Department of Accounting, Aarhus School of Business

1994-1995Amanuensis (Financial Accounting and Auditing), Department of Accounting, Aarhus School of Business

1991-1994Kandidatstipendiat (PhD-student in Auditing), Department of Accounting, Aarhus School of Business

1990-1991Introduktionsstipendiat (PhD-student in Auditing), Department of Auditing and Quality Management, Aarhus School of Business

1988-1989Instructor (Statistics), University of Aarhus

Administrative & Management Responsibilities
_Member of Section Council, Accounting and Finance Section, Department of Economics and Business Economics (February 2021 -)

- Member of departmental leader group, Head of section: Accounting and Finance, Department of Economics and Business Economics (November 2017-January 2021)

•Member of departmental leader group,Head of Business Section, Department of Economics and Business Economics (May 2015-September2015)

•Member of the PhD program committee, Department of Economics and Business (April 2014-)

• Head of Accounting Research Group (July 2011-)

•Centre Director of Accounting Research Centre (June 2009-June 2011)

•Member of departmental leader group, Department of Business Studies (August 2004- June 2011)

•Head of Accounting Research Group (November 2006-May 2009)

•Head of Financial Reporting Research Group (November 2005-November 2006)

•Education coordinator, Cand.Merc.Aud. (April 2005 - February 2007, August 2008-January 2009)

•PhD coordinator, Department of Accounting (2002 - 2004)

•International coordinator, Department of Accounting (1997 - 2004)

Primary teaching areas
•Accounting Theory (Regnskabsteori) on Cand.Merc.Aud.
•Auditing (Revision I, II og III) on Cand.Merc.Aud.

Academic focus areas

•Auditing
•Corporate Governance
•Financial Reporting

Current Ph.D. supervision:

Claus Holm is currently supervisor for
•Qing Liu (Sharon) with a project on Audit Fees

Past Ph.D. supervision: •Jesper Seehausen (Aalborg University) with a project on Going Concern (Degree granted 2010)
•Dewi Fitriasari (ARC) with a project on Accountability in Corporate Social Responsibility Reporting (Degree granted (2011)
•Dominyka Sakalauskaitė (ARC) with a project on Fraud Detection in Auditing Concern (Degree granted 2012)
•Sudarshan Kumar Pillalamarri (ARC) with a project on Auditing and Ethics
•Lea Houmark Stenskov with a project on Accounting Quality and Bankruptcies (co-supervisor)

Grants (external)

•Minor grants for organization of research workshops, PhD workshopsand travels

•Larger grants

2011. DKK 205.000 Travel grant for research sabbatical at Universityof Auckland, New Zealand. The Danish Council for Independent Research SocialSciences (FSE).

2010. DKK 150.000 Accounting Research Centre Director. For guestprofessor. Aarhus University Research Foundation.

2010. DKK 525.000 Accounting Research Centre Director. For guestprofessor. Otto Mønsted-fonden.

2007. DKK 500.000 Joint applicant. Doctoral program inAccounting and Auditing. The Danish Council for Independent Research SocialSciences (FSE). For Aarhus School ofBusiness with Frank Thinggaard, AAU, John Christensen SDU, and Thomas PlenborgCBS.

2007. DKK 500.000 kr. Conference organizer. European AuditResearch Network (EARNet) Symposium and PhD workshop 2007. Several sponsors -totalbudget.

External examiner:
•External Examiner on PhD thesis Factors Influencing Auditors’ Information Usage: Experience, Risk, Task Structure and Information Reliability. Tuukka Järvinen. Vaasa University, Finland, December 2012.
•Opponent on Licentiat thesis on Auditing and Internal Controls. Peter Franck, Umeå University, Sweden, June 2009.

Representation in external research networks

•National Representative for Denmark on the Board of European Accounting Association (2016-)
•Member of Scientific Committee of Nordic Accounting Conference (Biannual) (2012-)
•Member of Scientific Committee of EARNet - European Audit Research Network (may 2002-)
•Member of Scientific Committee of European Accounting Association Annual Conference (2012-)

Involvement in conferences

As member of the EARNet scientific committee Claus Holm was the organizing chair of the Fourth EARNet Symposium held in Aarhus, Denmark in October 2007. The aim of the bi-annual Symposium is to bring together audit researchers, auditors from the auditing firms, company managers and national as well as international representatives from the regulatory bodies for an exchange of ideas and experiences in the fields of auditing and corporate governance. The Fourth EARNet Symposium in Aarhus had approximately 120 participants from 18 different countries. About one third of the participants were PhD-students also attending a one-day PhD workshop organised before the two days of the Symposium.

International Visits
•University of Southern California (during PhD) 6 months, 1992
•Boston College 3 months 1997
•Numerous shorter visits (3-8 days) in relation to research collaboration & seminar presentations at Boston College, University of Maastricht and Manchester University.
•University of Florida (Gainesville) 6 weeks 2008
•University of Auckland (New Zealand) 5 ½ months 2011
•University of Auckland (New Zealand) 5 weeks 2014
•George Mason University (Virginia, USA) 10 months 2015-2016

Reviewer for Academic Journals
•Accounting and Business Research
•Business Strategy and the Environment
•Corporate Governance – An International Review
•European Accounting Review
•International Journal of Auditing
•International Journal of Accounting and Finance
•Behavioral Research in Accounting
•British Accounting Review
•Journal of Management and Governance
•Die Betriebswirtschaft

Publications

Derfor har revision ikke sin egen teori

Holm, C., 2023, In: Revision & Regnskabsvæsen. 1, p. 24-33 RR.1.2023.24.

Honoraret for ikke-revisionsydelser som mål for revisors uafhængighed: Legitimering eller regelcompliance i Danmark?

Holm, C., 2023, In: Revision & Regnskabsvaesen. 3, p. 34-43 RR.3.2023.34.

Revisors rolle og funktion - teori, empiri og udfordringer i praksis

Holm, C., 2023, In: Revision & Regnskabsvaesen. 2, p. 12-21 RR.2.2023.12.

The New Statutory Audit Framework in Europe: Consistency of Implementation Rationale and Audit Fee Dependence in Denmark?

Holm, C., 2022, Symposium i anvendt statistik . Linde, P. (ed.). S.l.: SEGES, Vol. 2022-1. p. 49-57

Revisors professionelle skepsis i revisionen af regnskabsmæssige skøn

Uldbjerg, S., Knøss, J. & Holm, C., 2020, In: Revision & Regnskabsvaesen. 12, p. 22-32

From joint to single audits: – audit quality differences and auditor pairings

Holm, C. & Thinggaard, F., 2018, In: Accounting and Business Research. 48, 3, p. 321-344

Global budgets in Maryland: early evidence on revenues, expenses, and margins in regulated and unregulated services

Malmmose, M., Mortensen, K. & Holm, C., 2018, In: International Journal of Health Economics and Management. 18, 4, p. 395-408 14 p.

Experimental Evidence on Informational Value of Assurance Reports used for Bank-lending to Small Enterprises

Holm, C. & Jensen, J. D., 2017, Symposium i anvendt statistik 2017. Linde, P. (ed.). København: Danmarks Statistik, p. 134-143

Paying for Joint or Single Audits? The Importance of Auditor Pairings and Differences in Technology Efficiency

Holm, C. & Thinggaard, F., 1 Mar 2016, In: International Journal of Auditing. 20, 1, p. 1-16

Non-audit services and auditor independence: Norwegian evidence

Zhang, Y., Hay, D. & Holm, C., 2016, In: Cogent Business & Management. 3, p. 1-19

The New Statutory Audit Framework in Europe: Implications for the Provision of Non-audit Services

Holm, C., 2016, 58 p.

The Role of Moral Reasoning and Order Effects on Ethical Decision Making Ability: Novice vs. Experienced Accounting Students

Pillalamarri, S. K. & Holm, C., 11 Sept 2015. 22 p.

Decomposing Fees paid to Audit Firms-Assessing Knowledge Spillovers and Independence

Holm, C., 2015. 45 p.

From joint to single audits – Audit quality differences and auditor pairing background

Holm, C. & Thinggaard, F., 13 Nov 2014.

Civil and common law influences on the Danish auditor's responsibilities in relation to fraud

Holm, C., 2014, In: Accounting History Review. 24, 1, p. 7-26 21 p.

Corporate governance ratings as a means to reduce asymmetric information

Holm, C., Balling, M. & Poulsen, T., 2014, In: Cogent Economics and Finance. 2, 1, p. 1-16 16 p.

Explaining Differences in Learning Outcomes in Auditing Education: The Importance of Background Factors, Prior Knowledge and Intellectual Skills

Holm, C. & Steenholdt, N., 2014, In: Review of European Studies. 6, 2, p. 63-79 17 p.

Leaving a joint audit system: Conditional fee reductions

Holm, C. & Thinggaard, F., 2014, In: Managerial Auditing Journal. 29, 2, p. 131-152 23 p.

Of mode of reasoning and context: Danish evidence of accounting student’s moral reasoning abilities in resolving ethical dilemmas related to fraud

Pillalamarri, S. K. & Holm, C., 28 Sept 2013. 18 p.

Better firm performance through board independence in a two-tier setting.

Schøler, F. & Holm, C., 2013. 17 p.

The Choice of Single or Joint Audits by Danish Listed Companies

Holm, C. & Thinggaard, F., 2013, Symposium i Anvendt Statistik 2013. Linde, P. (ed.). Aarhus: Danmarks Statistik, p. 68-78 11 p.

Issues of Audit Committee ‘Knowledge and Experience’ in Social and Environmental Reporting Assurance

Fitriasari, D. & Holm, C., 29 Oct 2012

Report on a study of the change from reactive to proactive fraud responsibilities for the external auditor

Holm, C., 1 Jun 2012

Balancing auditor choices during the transition from a mandatory to a voluntary joint audit system in Denmark

Holm, C. & Thinggaard, F., 2012. 44 p.

Board Competency Explanations for Corporate Governance Disclosure Level

Holm, C. & Schøler, F., 2012, Symposium i anvendt statistik. Linde, P. (ed.). Kbh.: Danmarks Statistik, p. 98-107 10 p.

Board Competency Explanations for Differentiation in a Harmonisation Environment

Holm, C. & Schøler, F., 2012, In: Review of European Studies. 4, 1, p. 52-72 21 p.

Establishing Proactive Auditor Responsibilities in Relation to Fraud: The Role of the Courts and Professional Bodies in Denmark

Holm, C., Langsted, L. B. & Seehausen, J., 2012, In: International Journal of Auditing. 16, 1, p. 79-97 19 p.

Regulating audit quality: Restoring trust and legitimacy

Holm, C. & Zaman, M., 2012, In: Accounting Forum. 36, 1, p. 51-61 11 p.

Report on a study of the change from reactive to proactive fraud responsibilities for the external auditor

Holm, C., 2012, In: Accountancy Cypress. 108, p. 62 1 p.

Keeping up independence in appearance. An examination of auditor choices during the transition from a mandatory to a voluntary joint audit system in Denmark

Holm, C., 22 Nov 2011. 44 p.

Professional Competency and Board Diversity as Explanations for Differentiation in Corporate Governance Disclosure Levels

Holm, C. & Schøler, F., 2011, In: New Zealand Journal of Applied Business Research. 10, 1, Special edition, p. 25-35 11 p.

Joint audits - benefit or burden?

Holm, C. & Thinggaard, F., 2010.

Reduction of Asymmetric Information through Corporate Governance Mechanisms: The Importance of Ownership Dispersion and Exposure toward the International Capital Market

Holm, C. & Schøler, F., 2010, In: Corporate Governance: An International Review. 18, 1, p. 32-47

A Study of the Adoption and Implementation of International Financial Reporting Standards in the Two EU Countries of Denmark and Ireland and New Zealand, a Non EU Country

Holm, C., Schøler, F., Lønne, H. & Maingot, M., 2009, Aarhus School of Business, Aarhus University, Department of Business Studies, 37 p.

An Investigation of the Drivers of Audit Quality

Fitriasari, D., Holm, C. & Zaman, M., 2009.

In the name of audit quality: quest for legitimacy

Holm, C. & Zaman, M., 2009.

Regnskab og revision

Holm, C., 2009, Den nye selskabslov. Neville, M. & Sørensen, K. E. (eds.). København: Djøf Forlag, p. 349-374

An examination of actual fraud cases with a focus on the auditor's responsibility

Holm, C., Langsted, L. B. & Seehausen, J., 2008.

Board competency explanations for differentiation in a harmonisation environment

Holm, C. & Schøler, F., 2008.

Critical Success Factors for IFRS Implementation

Lønne, H., Holm, C., Schøler, F. & Maingot, M., 2008.

Experienced and Novice Investors: Does Environmental Information Influence Investment Allocation Decisions?

Holm, C. & Rikhardsson, P. M., 2008, In: European Accounting Review. 17, 3, p. 537-557

Influence of Supervisory Board Members on the Outcome of Five Corporate Governance Decisions: The effects of International Experience, Gender and Professional Background

Holm, C. & Schøler, F., 2008.

Reduction of Asymmetric Information through Corporate Governance Mechanisms: The Importance of Ownership Dispersion and International Orientation

Holm, C. & Schøler, F., 2008, Aarhus School of Business, Aarhus University, Department of Business Studies, 55 p.

Reduction of asymmetric information and better firm performance through board independence

Schøler, F. & Holm, C., 2008.

Report on the 4th EARNet Symposium 2007, Aarhus

Holm, C., 2008, In: EAA Newsletter : The official newsletter of the European Accounting Association. 21, 1, p. 11-12

The effect of environmental information on investment allocation decisions: an experimental study

Rikhardsson, P. M. & Holm, C., 2008, In: Business Strategy and the Environment. 17, 6, p. 382-397

An Examination of Actual Fraud Cases With a Focus on the Auditor's Responsibility

Holm, C., Langsted, L. B. & Seehausen, J., 2007, Aarhus: Aarhus School of Business, Aarhus University, Department of Business Studies, 68 p.

An account of accountants: audit regulation and the audit profession in Denmark

Holm, C. & Warming-Rasmussen, B., 2007, Auditing, Trust and Governance: Developing Regulation in Europe. Quick, R., Turley, S. & Willekens, M. (eds.). London: Routledge, p. 42-77

An examination of actual fraud cases with a focus on the auditor's responsibility

Holm, C., Langsted, L. B. & Seehausen, J., 2007.

Danica-prisen 2007

Holm, C., 2007, In: INSPI : Tidssskrift for revision, økonomi og ledelse. 7/8, p. 28-31

Reduction of Asymmetric Information through Corporate Governance Mechanisms - The Importance of Ownership Dispersion and International Orientation

Holm, C. & Schøler, F., 2007.

Reduction of asymmetric information through Corporate Governance mechanisms

Holm, C. & Schøler, F., 2007.

Review of Godfrey, Jayne M. & Chalmers, Keryn: Globalisation of Accounting Standards. Edward Elgar Publisher, 2007.

Holm, C., 2007, In: SUERF Newsletter. June

Risk and Control Developments in Corporate Governance: Changing the Role of the External Auditor?

Holm, C. & Laursen, P. B., 2007, In: Corporate Governance: An International Review. 15, 2, p. 322-333

An Account of Accountants - Audit Regulation and the Audit Profession in Denmark

Holm, C. & Warming Rasmussen, B., 2006, Kolding: University of Southern Denmark, Faculty of Social Sciences, Department of Entrepreneurship and Relationship Management.

Corporate governance ratings as a means to reduce asymmetric information

Holm, C., 2006.

Experienced and Novice Investors: Does Environmental Information Influence on Investment Allocation Decisions?

Holm, C. & Rikhardsson, P. M., 2006, Aarhus: Aarhus School of Business, Department of Business Studies.

Explaining Differences in Learning Outcomes in Auditing Education: The Importance of Background Factors, Prior Knowledge and Intellectual Skills

Holm, C. & Steenholdt, N., 2006, Aarhus School of Business, Department of Business Studies.

Ændrer risiko- og kontroludviklingen inden for corporate governance den eksterne revisors rolle?

Laursen, P. B. & Holm, C., 2006, In: Revision og Regnskabsvaesen. 3, p. 40-46

Corporate governance ratings as a means to reduce asymmetric information

Balling, M., Holm, C. & Poulsen, T., 2005, Aarhus: Aarhus School of Business, Department of Accounting, Finance and Logistics.

Do as you say - Say as you do: Measuring the actual use of environmental information in investment decisions

Rikhardsson, P. M. & Holm, C., 2005.

Status over revisionsforskningen i Danmark

Seehausen, J. & Holm, C., 2005.

Status over revisionsforskningen i Danmark (1)

Holm, C. & Seehausen, J., 2005, In: Revision og Regnskabsvaesen. 7, p. 6-18 13 p.

Status over revisionsforskningen i Danmark (2)

Holm, C. & Seehausen, J., 2005, In: Revision og Regnskabsvaesen. 8, p. 72-83 12 p.

Does Environmental Information Matter to Investors?

Rikhardsson, P. M. & Holm, C., 2004.

Outline of the transition from national to international audit regulation in Denmark

Holm, C. & Warming-Rasmussen, B., 2004.

Intern kontrol fra et Corporate Governance Perspektiv

Holm, C. & Laursen, P. B., 2003, Økonomistyring - Børsen Ledelseshåndbøger. Per Nikolaj Bukh, Steen Hildebrandt (red.) (ed.). København: Børsen Forum A/S, p. Afsn. 8.4 3 p.

Measuring Learning Outcomes in Auditing Education

Holm, C. & Steenholdt, N., 2003, Symposium i anvendt statistik. Niels Kærgaard (red.) (ed.). København: Den Kgl. Veterinær- og Landbohøjskole, p. s. 81-92 12 p.

Satisfying the demand for financial information in public traded companies

Holm, C., 2003. 25 p.

Experience as a Learner Prerequisite in Auditing Education

Steenholdt, N. & Holm, C., 2002.

Financial Reporting on the Internet - A Longitudinal Examination

Holm, C., 2002, Symposium i Anvendt Statistik. Esben Høg, Viggo Høst (red.) (ed.). Århus: Handelshøjskolen i Århus, Institut for Informationsbehandling, p. s. 156-165 10 p.

Intern kontrol fra et Corporate Governance perspektiv

Holm, C. & Laursen, P. B., 2002. 31 p.

Intern kontrol fra et Corporate Governance perspektiv - Er COSO frameworket tilstrækkeligt?

Holm, C. & Laursen, P. B., 2002.

Is COSO enough from a Corporate Governance Perspective

Laursen, P. B. & Holm, C., 2002.

Measuring Learning Outcomes in Auditing Education

Holm, C. & Steenholdt, N., 2002. 40 p.

Adgang til årsregnskaber via Internettet. Potentiale og begrænsninger

Holm, C., 2000, In: Revision og Regnskabsvaesen. 2, p. 33-41 9 p.

Effects of Changing the Pedagogical Concept of a Part-time BSc in Accounting from Traditional Lectures into an IT-supported Asynchronous and Flexible Learning Concept - Part 1

Rasmussen, T., Holm, C. & Dalgas, A., 2000, Technology in Teaching and Learning in Higher Education: An International Conference. p. s. 1-8 8 p.

Financial Reporting on the Internet. An Examination Across Industries and Company Size

Holm, C., 2000. 17 p.

Have the auditors closed the expectation gap concerning evaluation of internal control?

Birkholm, P. & Holm, C., 2000. 24 p.

Measuring Learning Outcomes. A Learner Perspective in Auditing Education

Holm, C. & Steenholdt, N., 2000.

Measuring Learning Outcomes. A Learner Perspective in Auditing Education

Holm, C. & Steenholdt, N., 2000. 41 p.

Measuring Learning Outcomes. Evolution of Cognitive Skills among Graduate Students in Auditing

Holm, C. & Steenholdt, N., 2000. 26 p.

Offentliggørelse af årsregnskab via Internettet

Holm, C., 2000, In: Finans/Invest. 1, p. 19-24 6 p.

Modellering, test og fortolkning af indirekte revisionsbeviser

Holm, C., 1999, Symposium i anvendt statistik 1999. Holm, A. & Linde, P. C. (eds.). København: Amternes og kommunernes Forskningsinstitut, p. 347-357 11 p.

Offentliggørelse af årsregnskaber via Internettet. En undersøgelse af investors adgang til finansiel information fra børsnoterede aktieselskabers websites.

Holm, C., 1999.

Regnskabsbrugernes adgang til finansiel information via Internettet

Holm, C., 1999, In: Revision og Regnskabsvaesen. 12, p. 28-38 11 p.

Revisionsforskning i samspil med undervisning og praksis

Holm, C., 1999, In: Revision og Regnskabsvaesen. 5, p. 29-35 7 p.

Revisors aktivitet

Holm, C., 1998, In: INSPI : Tidssskrift for revision, økonomi og ledelse. 28, 10, p. 10-14 5 p.

Er den erfarne revisor en ekspert?

Holm, C., 1997, Institut for regnskab om regnskab. Århus: Handelshøjskolen i Århus, Institut for Regnskab, p. s. 186-203 18 p.

Learning to Walk - Learning to Fly: Organizational Learning and Corporate Environmental Behaviour Change

Rikhardsson, P. M. & Holm, C., 1996, Industry and the Environment: Practical Applications to Environmental Management Approaches in Business. Ulhøi, J. P. & Madsen, H. (eds.). Aarhus School of Business, The Corporate Technology and Environmental Management Research Group, p. 381-393

Evaluation of Evidence from Analytical Procedures in Auditing

Holm, C., 1995, Århus: The Aarhus School of Business, Department of Accounting. 431 p.

Regnskabsanalytisk Revision

28/01/2008

1 Media contribution