CURRICULUM VITAE Prof. Dr. Gerrit Sarens Contact details Université Catholique de Louvain Louvain School of Management Place des Doyens, 1 1348 Louvain-la-Neuve Belgium Phone : +32 10 47 84 41 Fax : +32 10 47 83 24 E-mail : HUgerrit.sarens@uclouvain.beUH Higher education Master in Business Administration (magna cum laude) Ghent University (Belgium) Faculty of Economics and Business Administration 3BPhD thesis The Role of Internal Auditing in Corporate Governance: Qualitative and Quantitative Insights on the influence of Organisational Characteristics Supervisor: Prof. Dr. Ignace De Beelde Obtained at Ghent University on 21 May 2007. 4BProfessional certifications Certified Internal Auditor (CIA) Certification in Control Self-Assessment (CCSA) 5BAcademic positions UOctober 2003 August 2007: Doctoral researcher at Ghent University Funded by the Bijzonder Onderzoeksfonds (BOF). UAs from September 2007: Professor at the Université catholique de Louvain (Louvain School of Management). Visiting Professor at the University of Antwerp. UAs from October 2010: Visiting Professor at Ghent University. Visiting Professor at the Brussels University College. 1
6BAcademic Publications: International Journals U2006 Sarens G. and De Beelde I. (2006), Internal auditors perception about their role in risk management: Comparison between Belgian and US companies, Managerial Auditing Journal, vol. 21, no. 1, pp. 63-80. Everaert P., Loosveld S., Van Acker T., Schollier M. and Sarens G. (2006), Characteristics of target costing: theoretical and field study perspectives, Qualitative Research in Accounting and Management, vol. 3, nr. 3, pp. 236-263. Allegrini M., D Onza G.; Melville R., Paape L. and Sarens G., (2006), The internal audit profession in Europe: a literature review, Managerial Auditing Journal, vol. 21, nr. 8, pp.845-853. Sarens G. and De Beelde I. (2006), Building a research model for internal auditing: insights from literature and theory specification cases, International Journal of Accounting, Auditing and Performance Evaluation, vol. 3, nr. 4, pp. 452-470. Sarens G. and De Beelde I. (2006), The relationship between internal audit and senior management: an analysis of expectations and perceptions, International Journal of Auditing, vol. 10, nr. 3, pp. 219-241. U2007 Everaert P., Sarens G. and Rommel J. (2007), Sourcing strategies of Belgian SMEs: empirical evidence for the accounting services, Production Planning and Control, vol. 18, nr. 8, pp.715-726. U2008 Vangansbeke E., Everaert P., Sarens G. and De Beelde I. (2008), Audit committees in listed companies: an international comparison of composition and meetings, Corporate Ownership & Control, vol. 5, nr. 3, pp. 75-85. Everaert P., Bruggeman W., Sarens G., Anderson S.R. and Levant Y. (2008), Cost modelling in logistics using time-driven ABC: Experiences from a wholesaler, International Journal of Physical Distribution and Logistics Management, vol. 38; nr. 3, pp. 172-191. U2009 Christopher J., Leung P. and Sarens G. (2009), A critical analysis of the independence of the internal audit function: evidence from Australia, Accounting, Auditing & Accountability Journal, vol. 22, nr. 2, pp. 200-220. Sarens G. (2009), Editorial note Internal auditing research: where are we going? International Journal of Auditing, vol. 13, nr. 1, pp. 1-7. Sarens G., De Beelde I. and Everaert P. (2009), Internal audit: the expert in providing comfort to the audit committee the case of risk management and internal control, British Accounting Review, vol. 41, no. 2, pp. 90-106. Burnaby P., Abdolmohammadi M.J., Hass S., Sarens G. and Allegrini M. (2009), Usage of internal auditing standards by companies in the United States and selected European countries, Managerial Auditing Journal, vol. 24, nr. 9, pp. 835-860. 2
U2010 Sarens G. and Christopher J. (2010), The Association between Corporate Governance Guidelines and Risk Management and Internal Control Practices: Evidence from a Comparative Study, Managerial Auditing Journal, vol. 25, nr. 4, pp. 288-308. Everaert P., Sarens G and Rommel J. (2010), Using transaction cost economics to explain outsourcing of accounting, Small Business Economics, vol. 35, nr. 1, pp. 93-112. U2011 Sarens G., Allegrini M., D Onza G. and Melville R. (2011), Are Internal Auditing Practices Related to the Age of the Internal Audit Function? Exploratory Evidence and Directions for Future Research, Managerial Auditing Journal, vol. 26, no. 1, pp. 51-64. Sarens G. and Abdolmohammadi M.J. (2011), Monitoring effects of the internal audit function: agency theory versus other explanatory variables, International Journal of Auditing, vol. 15, no. 1, pp. 1-20. Sarens G. and Abdolmohammadi M.J. (2011), Factors associated with convergence to best practices in internal auditing: emerging versus developed countries, Journal of Accounting in Emerging Economies, vol. 1, no. 2, pp.104-122.. Abdolmohammadi M.J. and Sarens G. (2011), An Investigation of the Association between Cultural Dimensions and Variations in Perceived Use and Compliance with Internal Auditing Standards in Nineteen Countries, International Journal of Accounting, vol. 46, no. 3, Forthcoming. U2012 Lenz R. and Sarens G. (2012), Reflections on the internal auditing as a profession: what might have gone wrong? Forthcoming in Managerial Auditing Journal. Sarens G., Abdolmohammadi M. and Lenz R. (2012), Factors associated with the internal audit function s role in corporate governance. Forthcoming in the Journal of Applied Accounting Research. 7BAcademic Publications: Books Allegrini M., D Onza G., Melville R., Paape L. and Sarens G. (2008), Common Body of Knowledge in Internal Auditing: A State of the Art in Europe, European Confederation of Institutes of Internal Auditing, ISBN 978 3 503 11036 0, 141 pages. Allegrini M., D Onza G., Melville R., Sarens G. and Selim G. (2011), What s Next for Internal Auditing? Report IV of the Common Body of Knowledge Study, The Institute of Internal Auditors Research Foundation, ISBN 978-0-89413-699-3, 96 pages. 8BAcademic Publications: National Journals Sarens G. and Everaert P. (2004), Outsourcing bij productieondernemingen: hypothesen tot verder onderzoek, Kwartaalschrift Economie: Tijdschrift voor Algemene en Bedrijfseconomische vraagstukken, vol. 1, no. 4, pp. 396-414. De Beelde I., Everaert P., Sarens G. and Vangansbeke E. (2008), Werking en samenstelling van het auditcomité in beursgenoteerde ondernemingen: een internationale vergelijking, Accountancy & Bedrijfskunde, vol 28; nr. 3, pp 46-57. 3
Van Gils D., Sarens G., De Visscher C. and Spanhove J. (2008), L organisation des activités d audit interne dans les différentes autorités publiques belges, Pyramides, Vol. 15, November. pp. 95-123. Sarens G., De Visscher C. and Van Gils D. (2010), Risk management and internal control in the public sector: an in-depth analysis of Belgian social security public institutions, Bulletin de Documentation du Service Public Fédéral Finances, vol. 70, nr. 3, pp. 65-90. 9BPractitioner Publications Sarens G. (2004), Contemporary internal auditing practices: new roles, new providers, Newsletter of the Institute of Internal Auditors Belgium, Summer edition June. Sarens G. (2004), Corporate governance and the role of internal auditing, Newsletter of the Institute of Internal Auditors Belgium, Fall edition September. Sarens G. and De Beelde I. (2004), Internal auditing practices in Belgium: Evidence from extended case studies (summary of empirical results), Newsletter of the Institute of Internal Auditors Belgium, Winter edition December. Maertens P., Hostyn E., Fontana D., Lebrecht M., Sarens G., Kas A. and Vandenbussche P. (2005), Internal audit is your essential partner in governance, control and risk: Position paper, the Institute of Internal Auditor Belgium. Sarens G. (2005), De pioniersrol van interne auditoren in risico management, Audit, Control & Governance, Kluwer, Jaargang 8, Nr. 12. Everaert P., Sarens G. and Rommel J. (2005), Uitbesteding van boekhoudkundige activiteiten bij Vlaamse KMO s, Accountancy & Tax, Instituut voor Accountants en Belastingsconsulenten (IAB), Nummer 4, pp. 38-42. Sarens G. (2006), Interactie tussen interne audit en het auditcomité, Audit, Control & Governance, Kluwer, Jaargang 9, Nr. 2. Sarens G. (2006), Interactie tussen interne audit en senior management: verwachtingen en percepties, Audit, Control & Governance, Kluwer, Jaargang 9, Nr. 5. Sarens G. and Vandenbussche P. (2006), Internal audit in Belgium: the shaping of internal audit today and the future expectations survey results, The Institute of Internal Auditors Belgium, April. Sarens G. and Vandenbussche P. (2006), Interne audit in Belgiê, Audit, Control & Governance, Kluwer, Jaargang 9, Nr. 14. Berckmans R., Sarens G., Vandenbussche P. and Van Waesberghe R. (2007), De rol van interne audit voor government governance, Vlaams Tijdschrift voor Overheidsmanagement, nr. 4, pp. 46-55. Sarens G., Sanders A., Troupin S., Spanhove J., Van Waesberghe J. and Vandersmissen M. (2009), Interne audit in de publieke sector, Audit, Control & Governance, Kluwer, Jaargang 12, Nr. 10. Work in process: Under review 4
Sarens G. and Zaman M. (2011), Factors associated with informal interaction between audit committees and internal audit functions. (First review round for the International Journal of Auditing). Work in process: Working papers De Harlez Y. De Rongé Y. and Sarens G. (2010), Using practice-defined variables in empirical research: an evaluation of the interactive control system. Sarens G. and Abdolmohammadi M.J. (2010), Cultural dimension effects on professionalism of internal auditing practice in various countries. De Smet D. and Sarens G. (2010), Collaboration between internal and external auditors: insights from an exploratory qualitative study. Decaux L. and Sarens G. (2010), The impact of business advice provided by external accountants on SME performance. Lenz R. and Sarens G. (2010), Does internal audit effectiveness remain an enigmatic construct? Evidence from a critical literature review. Christopher J. and Sarens G. (2011), Risk management practices in the Australian public university sector. Sarens G., Decaux L. and Everaert P. (2011), Determinants of the loyalty between SMEs and accountants. 0BPhD supervisor of Diane van Gils, Internal Audit Development within the Belgian Public Sector: A Neo- Institutional Sociology Perspective. Co-supervisor: Christian de Visscher (UCL). Rainer Lenz, Internal Auditing Effectiveness: In Search of Comfort. Antoinne Pierre, Organizational and corporate governance drivers of the performance of operational risk management systems. Dieter De Smet, Internal and external auditing : Insights for the optimisation of the monitoring budget, audit quality and corporate governance. Loïc Decaux, The relationships between internal audit and other corporate governance stakeholders: a multi-theoretical approach. Hella Dellai, Les déterminants de l efficacité de l audit interne : Cas des entreprises tunisiennes. Co-supervisor : Mohamed Ali Omri (Université de Tunis El Manar) 1BOther research related activities Active member of the Institute of Internal Auditors Belgium (IIABEL). Member of the Academic Council of the Belgian Institute for Directors (Guberna). Member of the editorial advisory board of the International Journal of Auditing. Member of the editorial advisory board of the Journal of Applied Accounting Research. Member of the editorial advisory board of the Journal of Accounting in Emerging Economies. 5
Reviewer for Corporate Governance: An International Review. Reviewer for the International Journal of Accounting, Auditing and Performance Evaluation. Reviewer for Meditari Accountancy Research. Reviewer for Strategic Outsourcing: An International Journal Chief Examiner for the IIA Diploma in Internal Audit Practice (The Chartered Institute of Internal Auditors UK & Ireland). External examiner MSc in Management (Cass Business School City University London). Member of the organising committee of the European Academic Conferences on Internal Audit and Corporate Governance. Jury member for the entrance exam at the Belgian External Audit Institute (IBR/IRE). Jury member for the Jos Dorssemont price (Best Thesis in Internal Auditing) at the Institute of Internal Auditors Belgium (IIABEL) 10BTeaching activities Financial Accounting (Master level) Management Accounting (Master level) Advanced Management Accounting (Master level) Financial Auditing (Master level) Internal Auditing (Executive level) Risk Management and Internal Control (Undergraduate and Master level) 2BParticipation in conferences Research Day in Accounting, Ghent, 15 September 2003 Keynote speaker: Prof. Frank Selto. Dag van het Vlaams Economisch Onderzoek organised by the Vlaamse Vereniging voor Economie, Antwerp, 8 October 2003 (Paper presented). Research Day in Accounting, Antwerp, 28 May 2004 Keynote speaker: Prof. Peter Wysocki. Workshop on Audit partner tenure, Antwerp, 28 June 2004 Organized by: Prof. Roger Simnett. International Symposium on Audit Research (ISAR), Maastricht (The Netherlands), 2-3 July 2004. EIASM Workshop on Audit, Copenhagen (Denmark), 9-11 September 2004 (Paper presented). 6
PREBEM 8 th PhD Conference on Business Economics, Management and Organization Science, Amersfoort (The Netherlands), 26 January 2005 (Paper presented). Third European Academic Conference on Internal Audit and Corporate Governance organised by CASS Business School and the IIA UK-Ireland, London (U.K.), 6-8 April 2005 (Paper presented). 28 th Annual Conference of the European Accounting Association, Gothenburg (Sweden), 18-20 May 2005 (Paper presented). Dag van het Vlaams Economisch Onderzoek organised by the Vlaamse Vereniging voor Economie, Brussels, 22 September 2005 (Paper presented + discussant). Third EARNET Symposium + PhD Workshop, Amsterdam (The Netherlands), 27-29 October 2005 (Poster presented). RENT XIX Research in Entrepreneurship and Small Business, Naples (Italy), 17-18 November 2005 (Paper presented). KPMG European Doctoral Colloquium in Accounting, Dublin (Ireland), 18-21 March 2006 (Paper presented). Fourth European Academic Conference on Internal Audit and Corporate Governance organised by CASS Business School and the IIA UK-Ireland, London (U.K.), 5-7 April 2006 (Paper presented + best paper price). Research Seminar in Accounting, Management Accounting and Auditing, Department of Accounting and Corporate Finance, 24 August 2006, Ghent University (paper presented). Conference of European Confederation of Institutes of Internal Auditors organised by IIA Finland, Helsinki, 7-8 September 2006. Fifth European Academic Conference on Internal Audit and Corporate Governance, Pisa (Italy), 18-20 April 2007 (Paper presented). 30 th Annual Conference of the European Accounting Association, Lisbon (Portugal), 24-27 April 2007 (Paper presented). International Conference of the Institute of Internal Auditors, Amsterdam (the Netherlands), 8-11 July 2007. Fourth EARNET Symposium, Aarhus (Denmark), 26-27 October 2007 (Paper presented). Midyear Auditing Section Conference of the American Accounting Association, Austin (Texas), 18-19 January 2008 (Paper presented). First Global Academic Conference on Internal Audit and Corporate Governance, Rotterdam (Netherlands), 21-22 April 2008 (Paper presented). 31 st Annual Conference of the European Accounting Association, Rotterdam (Netherlands), 23-25 April 2008 (Paper presented). Bi-Annual Conference of the South-African Accounting Association, Johannesburg (South- Africa), 25-27 June 2008 (Paper presented Best Paper Award). 7
5 th International Conference on Accounting, Auditing & Management in Public Sector Reforms EIASM (Amsterdam), 3-5 September 2008 (Paper presented). 2 nd Risk Conference, Milan (Italy), 10-12 September 2008 (Paper presented). 19 th British Accounting Association National Auditing Conference (Exeter), 27-28 March 2009 (Paper presented). 7 th European Academic Conference on Internal Audit and Corporate Governance, London (UK), 15-17 April 2009 (Paper presented). 32 nd Annual Conference of the European Accounting Association, Tampere (Finland), 12-15 May 2009 (Paper presented). The Illinois International Accounting Symposium, Catania (Sicily), 4-6 June 2009 (Paper presented). Fifth EARNET Symposium, Valencia (Spain), 30-31 October 2009 (Paper presented). Midyear Auditing Section Conference of the American Accounting Association, San Diego (California), 15-16 January 2010 (Paper presented). 1 st Entrepreneurship Research Day, Antwerp (Belgium), 10 May 2010 (Paper presented). 33 rd Annual Conference of the European Accounting Association, Istanbul (Turkey), 19-21 May 2010 (Paper presented). Annual Conference of the Canadian Academic Accounting Association, Vancouver (Canada), 27-29 May 2010 (Paper presented). 7 th Workshop on Corporate Governance, Brussels (Belgium), 21-22 June 2010 (Paper presented). 9 h European Academic Conference on Internal Audit and Corporate Governance, London (UK), 13-15 April 2011 (Coordinator PhD workshop). 34 th Annual Conference of the European Accounting Association, Rome (Italy), 20-22 April 2011 (Paper presented). International Conference of the Institute of Internal Auditors, Kuala Lumpur (Malaysia), 10-13 July 2011 (Paper presented at the Educators Forum). 8