Accountancy

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18th Symposium on Auditing Research


Preface

This volume contains proceedings from the 18th Symposium on Auditing Research held at the I-Hotel and Conference Center in Champaign, Illinois during October 2-4, 2008. As with prior symposia, invitees included approximately 50 persons, including accountancy professors and practitioners as well as UIUC faculty and doctoral students. KPMG LLP’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.

A panel discussion on The Viability of Public Company Auditing in the 21st Century, a discussion on What New Data Fields Would Enable Audit Scholars to Undertake Research to Improve Audit Outcomes and Processes? along with five research papers were presented at the event. The panel discussion and presentations coupled with the discussions of the research papers made the 18th Symposium on Auditing Research an educational and thought-provoking event.

Mark E. Peecher
University of Illinois
Editor

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Proceedings


Panel Session on the Viability of Public Company Auditing

Jim Peterson, Writer/Blogger and Former Litigation Counsel for Arthur Andersen
Steven C. Van Arsdell, Audit Partner & Vice Chairman of the Board, Deloitte LLP
Peter Minan, National Managing Partner, Audit, KPMG LLP

Audit Quality and Accrual Reliability: Evidence from the Pre- and Post-Sarbanes-Oxley Periods

Dennis Chambers, Von Allmen School of Accountancy, University of Kentucky
Jeff Payne, Von Allmen School of Accountancy, University of Kentucky
Discussant: Scott Whisenant, University of Houston

What New Data Fields Would Enable Audit Scholars to Undertake Research to Improve Audit Outcomes and Processes?

Facilitator: Margot Cella, Senior Technical Manager for Policy and Research, Center for Audit Quality

Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earnings Management in a Post-SOX World

Joseph V. Carcello, University of Tennessee, Knoxville
Carl W. Hollingsworth, Clemson University
April Klein, Stern School of Business, New York University
Terry L. Neal, University of Tennessee, Knoxville
Discussant: Padmakumar M. Sivadasan, University of Illinois

Does Information About Material Weaknesses Facilitate Auditors’ Fraud Detection?

Jacqueline Hammersley, University of Georgia
Karla Johnstone, University of Wisconsin at Madison
Kathryn Kadous, Emory University
Discussant: William R. Kinney, University of Texas-Austin

Pricing of Risky Initial Audit Engagements

John A. Elliott, Baruch College, City University of New York
Aloke Ghosh, Baruch College, City University of New York
Elisabeth Peltier Wagner, Baruch College, City University of New York
Discussant: Chris Hogan, Michigan State University

Intrinsic Motivation and Extrinsic Incentives: An Experimental Investigation of Endogenous Guidance and Gatekeeper Behavior

Amy K. Choy, University of Alberta
Ronald R. King, Washington University in St. Louis
Discussant: Shyam Sunder, Yale University

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