GRPP – 2019-20 for identified thought leadership themes and “hot topics”

Three categories of grants are to be funded for the 2019-20 grant round on the following basis.

Category one – commissioned thought leadership research grants

Commissioned research grants (up to two grants) for specific projects on the identified thought leadership themes (i.e. two in all as stated below), commissioned by CPA Australia, with funding of up to $60,000 per project (maximum). This amount includes any relevant taxes, for example, Australian GST.

2019-2020 thought leadership themes (for category one GRPP grant)

Future of money

The rapid and ongoing growth in the digital economy has already disrupted most industries and further disruption throughout economy and society is expected. The digitisation of money is a key global development that will increasingly blur the distinction between money and data. Regulators, governments, and businesses alike have much to gain as the internet of money undergoes considerable augmentation. Leveraging low-cost, open-source technologies – such as blockchain and cryptocurrencies, among others – is the business of professional accountants. The opportunities are seemingly limitless, but the challenges to creating, managing and regulating digital forms of money also demands the attention of the accounting profession worldwide. Sweden, Norway, South Korea and China leading the way in moving to cashless societies; last year in Sweden only one per cent of transitions were paid in cash.

Relevance to the profession

This thought leadership theme appeals to national and international business needs and aspirations. Professional accountants and support staff need to be prepared for the new world of digital finance, which will continue to evolve in both predicted and unpredicted ways. CPA Australia is taking a leadership role in ensuring the accounting profession is at the forefront of significant developments in the digital economy pertaining to the future of money.

Research foci of applicants on this theme

Research on this leadership theme is intended to nurture and develop the accounting profession’s capacity, to provide strong international business leadership in the ongoing digitisation of money.

In choosing this thought leadership theme, applicants are actively encouraged to address key opportunities and challenges associated with the proposed research project.

Accounting for robots

The traditional work of professional accountant’s, including taxation, auditing and finance functions is being, and will continue to be, progressively automated using artificial intelligence (AI) based technologies. The increasing use of such technologies is expected to disrupt the accounting profession worldwide in a multitude of ways. Several companies are actively working with these technologies and associated pilot programs to identify potential benefits and costs and to implement new accounting and control systems. What is currently known is that the roles of professional accountants and the finance function will be subject to considerable change.

Relevance to the profession

Professional accountants are broadly aware of the nature and importance of this disruption; they are interested in the emerging opportunities and challenges as well as the ‘how’ to engage and explore for competitive advantage, both now and in future. CPA Australia is taking a leadership role in ensuring the accounting profession is positioned at the forefront of developments the AI era. The biggest impact will be on identifying and developing the future skills required to actively and successfully lead business into this era.

Research foci of applicants on this theme

Research on this leadership theme is intended to nurture and develop the accounting profession’s capacity to provide international business leadership in the adoption and development of efficient, effective and secure AI technologies.

In choosing this thought leadership theme, applicants are actively encouraged to address key opportunities and challenges associated with the proposed research project.

Category two – priority research grants

Priority Research grants (up to four grants) for funding research projects on “hot topics” specifically identified by CPA Australia (see list below), with funding of up to $40,000 per project (maximum). This amount includes any relevant taxes, for example, Australian GST.

The 2019-20 “hot topics” (for categories two and three GRPP grants) are the ten topics below.

  • Career pathways and opportunities in the accounting profession with the rapid advent of new technologies, which are transforming the future of work.
  • Renewing core technical competency areas in accounting education and the broader accounting profession for the continued or enhanced relevance of professional accountants.
  • Micro-credentials, curriculum renewal, and the use of technology in educating future members of the accounting profession, including business professionals.
  • Regulation, corporate collapse and ethics: Prevention versus after-the-event governance and related reforms.
  • Corporate culture and the impacts of business models and any misguided application of key performance indicators (KPIs).
  • Taxation and the digital economy.
  • Auditing and assurance and digital transformation.
  • Designing the future of the accounting profession, including the future roles of accounting education and research, interdisciplinary collaboration and professional accounting bodies.
  • Improving audit quality, the credibility of financial reporting and the reputation of the accounting profession.
  • Enhancing the strategic leadership capabilities of professional management accountants in business development and innovation.

Category three – priority research grants

Priority research grants (up to four grants) for funding research projects undertaken by Emerging Researchers (only), according to the criteria for identifying “emerging academics”, (see eligibility for funding), on “hot topics” specifically identified by CPA Australia (see list below), with funding of up to $15,000 per project (maximum). This amount includes any relevant taxes (for example Australian GST).

The 2019-20 “hot topics” (for categories two and three GRPP grants) are the ten topics below.

  • Career pathways and opportunities in the accounting profession with the rapid advent of new technologies, which are transforming the future of work.
  • Renewing core technical competency areas in accounting education and the broader accounting profession for the continued or enhanced relevance of professional accountants.
  • Micro-credentials, curriculum renewal, and the use of technology in educating future members of the accounting profession, including business professionals.
  • Regulation, corporate collapse and ethics: Prevention versus after-the-event governance and related reforms.
  • Corporate culture and the impacts of business models and any misguided application of key performance indicators (KPIs).
  • Taxation and the digital economy.
  • Auditing and assurance and digital transformation.
  • Designing the future of the accounting profession, including the future roles of accounting education and research, interdisciplinary collaboration and professional accounting bodies.
  • Improving audit quality, the credibility of financial reporting and the reputation of the accounting profession.
  • Enhancing the strategic leadership capabilities of professional management accountants in business development and innovation.

More information

Stage one applications for the funding program close on 31 July each year.

Contact: researchgrants@cpaaustralia.com.au