Accountancy

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17th Symposium on Auditing Research


Preface

This volume contains proceedings from the 17th Symposium on Auditing Research held Woodcliff Lake Hilton in Montvale, New Jersey during September 28-30, 2006. As with prior symposia, invitees included approximately 50 persons, including accountancy professors and practitioners as well as UIUC faculty and doctoral students. KPMG Lip’s ongoing generous support of the symposium series enabled us to bring participants together.

Consistent with tradition, many persons volunteered their time and knowledge to produce a high-quality symposium. Reviewers provided constructive comments, authors and discussants made helpful and thoughtful presentations of their ideas, and participants posed insightful and stimulating questions.

In addition to the eight research papers covered at the event, two special guests provided outstanding talks. Professor Larry Ribstein, who is the Mildred Van Voorhis Jones Chair at the University of Illinois College of Law discussed “SOX, Auditing, and Global Capital Markets,” and Henry Keizer, who is Vice-Chair, Audit, KPMG LLP discussed “Audit Quality in the 21st Century: Challenges and Opportunities”. These two special talks, coupled with the aforementioned presentations and discussions of research papers made the 17th Symposium on Auditing Research a most enriching event.

Mark E. Peecher
University of Illinois at Urbana-Champaign,
Editor

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Proceedings


Regulation and Markets in a Certification Society

Karim Jamal, University of Alberta
Shyam Sunder, Yale University
Discussant: Jon S. Davis, University of Wisconsin-Madison

Audit Judgments Using Beliefs Versus Probability Assessment

Theodore J. Mock, University of Southern California & University Maastricht
Hironori Fukukawa, Nagasaki University
Discussant: William S. Waller, University of Arizona

Do Auditors Use the Information Reflected in Book-Tax Differences?

Michelle Hanlon, University of Michigan
Gopal V. Krishnan, George Mason University
Discussant: David Weber and Michael Willenborg, University of Connecticut

Linkages Between Auditors' Risk Assessments in a Risk-Based Audit

Natalia Kotchetova, University of Waterloo
Thomas Kozloski, Wilfrid Laurier University
William F. Messier, Georgia State University
Discussant: Gary Hecht, Emory University

Lending Relationships, IPOs, and the Effect of Auditor Quality on the Cost of Debt

Monika Causholi, University of Florida
W. Robert Knechel, University of Auckland & University of Florida
Discussant: James McKeown, Penn State University

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