GASB and the Center for Audit Quality (CAQ) are each reaching out to the academic community with grant proposals. GASB is offering a $5,000 research grant to encourage academic support for its standard-setting activities, while the CAQ separately plans to give out a combined $200,000 in grants for multiple research projects.
GASB is seeking proposals focused on two broad categories: (1) research on existing standards and (2) studies of issues that have not yet been addressed. The final product of research supported by the grant should be a research memorandum of publishable quality. GASB encourages grant recipients to submit the research results for publication in a journal.
The 2009 Request for Research for the Gil Crain Memorial Research Grant outlines the required contents of a research memorandum; lists a timetable for proposing and conducting research; and suggests several research topics, including ones currently on GASB’s research agenda. Requests for research funding should be sent to David Bean, GASB director of research and technical activities, by May 29. The request should be attached as a Word document and e-mailed to firstname.lastname@example.org.
The CAQ is seeking proposals on audit and accounting topics, including (1) professional judgment used by preparers and auditors in the application of financial reporting standards; (2) audit quality; (3) professional skepticism; and (4) value of the audit.
The CAQ’s request for proposals outlines the required content and format of a grant request. Requests must be submitted by May 15 at 5 p.m. Proposals may be sent by mail to Margot Cella, Center for Audit Quality, 601 13th St., NW, Suite 800 North, Washington, DC 20005 or via e-mail to email@example.com.