Professor Henk Langendijk is currently professor of external financial reporting at Nyenrode University and professor of external financial reporting at the University of Amsterdam. He has lectured in finance at the University of Amsterdam since 1980 and previously worked at BDO and Arthur Anderson. He has contributed articles to various financial journals as well as written a number of books in the field of financial accounting. He is a member of the Advisory Council of the Limperg Instituut. In addition, he is editor-in-chief of the magazine Accounting, editor of Accountant-Adviseur and a member of the VERA steering committee on financial reporting. Professor Dirk Swagerman is currently with Deloitte and Touche in Amsterdam, having gained a master's degree in business administration at Michigan State University. In 1991/1992 he qualified as Master of Business Telecommunications at the University of Delft. He is also involved with the business departments at Twente University Willem Verhoog has been the Secretary of Royal NIVRA's Continuing Professional Education Committee (VERA) since 1976. He has enabled VERA to develop a CPE package with more than 100 seminars and 1000 participants each year. He is editor-in-chief of the monthly VERA Actueel journal, editorial board member of 30 different NIVRA publications, and is co-author of 7 books prior to this effort