AFECA was formed in 1993 by 4 participating European universities including Bournemouth University. During the subsequent years the membership grew to some 13 participating universities and the annual programmes have been attended by over 2,000 European students.
The content of these programmes has changed significantly over time. Initially the focus was to compare accounting regimes between the various countries in an era where international standards were not generally adopted. By working on the same basic data, each country produced a financial statement using their own countries’ principles. The results were then compared to analyse the differences and thus understand alternative systems of financial statement practice and production. With the coming of the adoption in Europe of international standards in 2005, the focus of the programme was more on the soft skills. This was achieved by the students working on more complex accounting matters in mixed international groups to bring wider perspectives to the formation of solutions.
The network has also facilitated several exchanges between partner institutions, research collaborations funded by the EU, the World Bank and various national bodies resulting in high-caliber academic publications. Eight AFECA members collaborated in production of Theorie und Praxis aus Rechnungswesen und Wirtschaftsprüfung, a book published by LexisNexis in 2018.
This year we said good-bye to the founding father of AFECA, Professor Dr Lucien Jaffré. Lucien was a dear friend to us all, leaving us far too soon but with an amazing legacy to carry on: AFECA. We will miss him dearly and are very grateful for his vision and passion for academic research and pedagogy in accounting and audit. We will continue to honour Lucien through this well-established network with every ISP, symposium, joint publication and future collaboration.
Professor Dr László Lakatos
President of AFECA
The following four workshops are aimed at promoting discussion on contemporary issues in accounting, provide continuing professional development, and foster academic relationships with regulators and the accountancy profession. The main themes are the role of digitalization and sustainability concerns on the development of accounting and auditing practices. These fit well with the strategic aims in accounting pedagogy, the UN Sustainable Development Goals, and the focus of the Accountancy Profession.