American Accounting Association

AUGUST 6-10, 2011  •  DENVER, COLORADO

Monday August 8, 2011
10:15 am-11:45 am

[1.5 Credit Hours]

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1.1 IFRS Adoption: Experiences and Expectations in Korea and Japan
Moderator:
Kazuo Hiramatsu, Professor of Accounting, Kwansei Gakuin University
(NASBA Field of Study: Accounting)

Panelists:
Takashi Nagaoka, Director for International Financial Markets and for International Accounting Planning and Coordination Bureau Financial Services Agency (Government of Japan)
Chungwoo Suh, Immediate past chairman of Korea Accounting Standards Board, Professor of Accounting, Kookmin University

Description
Regarding the mandatory application of IFRS, Korea requires certain listed companies to apply IFRS for their financial statements starting 2011. Japan will decide whether to reqire the mandatory application of IFRS to listed companies in 2012, one year after the US. However, Japan started the voluntary application from the fiscal perioed ending March 2010. In this session, two distinguished speakers from Korea and Japan make presentations on the experiences and expectations of IFRS adoption in respective countries.

1.2 Trueblood Mini-Seminar: Effective Learning through the Trueblood Case Study Series
Moderator:
Timothy J. Louwers, James Madison University
(NASBA Field of Study: Accounting)

Presenter:
James L. Fuehrmeyer, University of Notre Dame (and Deloitte, retired)

Description:
Two financial accounting cases from the current series of approximately fifty cases on the Deloitte Foundation's website will be used to demonstrate how these cases can be used effectively in the classroom. Participants will be encouraged to actively participate in discussions and will benefit from exposure to situations dealt with in public practice. All session participants will receive the cases and solutions as takeaways. This session will be led by James L. Fuehrmeyer, a recently retired Deloitte partner who has previously taught at the AAA/Deloitte Foundation Robert M. Trueblood Seminar for Professors.

1.3 Pathways Commission Update
Moderator:
Bruce K. Behn, University of Tennessee
(NASBA Field of Study: Accounting)

Panelists:
William (Bill) Ezzell, Deloitte LLP
Gary J. Previts, Case Western Reserve University
Judy Rayburn, The University of Minnesota
Dennis Reigle, AICPA

Description
Provides an update on Pathways Commission activities and plans going forward.

1.4 Ernst & Young Academic Resource Center (EYARC): Sharing Insights, Resources, and Discussion on Leading-Edge Issues
Moderator:
Catherine Banks, Ernst & Young Academic Resource Center (NASBA Field of Study: Accounting)

Presenters:

IFRS and Convergence

  • Professional: Dave Sawaya, West Subarea Financial Accounting and Advisory Services Leader
  • EYARC member: Robert J. Riley, University of Southern California and Ernst & Young

Sustainability

  • Professional: David Marquardt, Midwest Subarea Climate Change and Sustainability Services Assurance Leader
  • EYARC member: Kathryn Lancaster, Cal Poly San Luis Obispo and Bainbridge Graduate Institute

Fair Value

  • Professional: Randy Fletchall, Americas Vice Chair of Quality and Risk Management
  • EYARC member: Nick Kissel, Ernst & Young, Retired Partner

Description
This session will provide a panel of professionals and academics that will share insights on leading-edge issues that are impacting the profession and the business case for driving learning on these areas in the academic setting. Several EYARC cases co-developed by faculty and Ernst & Young professionals will be covered in relation to these topics and participants will receive these cases and solutions as takeaways. In addition, participants will be involved in an interactive discussion regarding resource needs looking forward, thereby providing input on potential EYARC resource development moving forward.

1.5 Results, Challenges, and Opportunities in Cross-Country Research
Moderator:
Adam Greiner, Florida Atlantic University
(NASBA Field of Study: Accounting)

Panelists:
Elizabeth Gordon, Temple University
Steve W. Lin, Florida International University
Holly Skaife, University of Wisconsin

1.6 Future Directions in Experimental Research
Moderator:
Donald Moser, University of Pittsburgh
(NASBA Field of Study: Accounting)

Panelists:
Robert J. Bloomfield, Cornell University
Jeffrey Hales, Georgia Institute of Technology
Thomas Linsmeier, FASB

Description
This session will focus on new directions for experimental research. Professor Bloomfield (and/or a colleague) will introduce the Synthetic Economy Research Environment, an online platform that will allow researchers to construct complex economies useful for studying the macroeconomic impact of financial reporting, and the evolution of business and accounting practices in response to economic forces. Others renowned experimentalists and/or economists will discuss the opportunities and challenges of the large-scale experiments, and the theoretical frameworks needed to develop hypotheses on the adaptation of business institutions and the macroeconomic impact of accounting policy.

1.7 Behavioral Research and Standard Setting Issues
Moderator:
Wendy J. Bailey, Northeastern University
(NASBA Field of Study: Accounting)

Does the Precision of Accounting Guidance Affect Investors' Assignments of Responsibility to Managers and Auditors for Negative Events?
Robert M. Cornell, Oklahoma State Universtiy; Anne M. Magro, George Mason University; Rick C. Warne, George Mason University;
Discussant: Bryan Stewart, University of South Carolina

Mediators of the Effect of Mood on Expense Reporting Behavior: Communication Medium and Debriefing
Caroline O. Ford, Baylor University; Jacob Peng, University of Michigan - Flint;
Discussant: Jennifer Winchel, University of South Carolina

Unintended Consequences of Lowering Disclosure Thresholds: Proposed Changes to SFAS No. 5
Kirsten Fanning, Villanova University; Christopher P. Agoglia, University of Massachusetts; David Piercey, University of Massachusetts;
Discussant: Flora Zhou, University of Illinois at Urbana Champaign

1.8 Exploring the Role of the Auditor - Center for Audit Quality
Moderator:
Cindy Fornelli, Center for Audit Quality
(NASBA Field of Study: Auditing)

Panelists:
Bob Moritz, PwC
Sam Ranzilla, KPMG

Description
The Center for Audit Quality's Executive Director, Cindy Fornelli, will lead an in-depth discussion about suggested modifications to the role of the auditor that could result from investors' demand for more information from public companies. If companies begin to expand the types of information they provide in their disclosures — non-financial information, forward looking information – should auditors step in and provide an assessment of these disclosures, and if so, how would this change the current reporting model?

1.9 Ethics and Auditing
Moderator:
John O. Mason, University of Alabama
(NASBA Field of Study: Auditing)

Auditors, Ethics & Repos: A Case History of the Lehman Brothers Debacle
Michael C. Knapp, University of Oklahoma; Carol A. Knapp, University of Oklahoma;
Discussant: Mark Taylor, Case Western Reserve University

The Effect of Personal Values on Auditors' Moral Philosophies and Ethical Beliefs
Cheng-Li Huang, Tamkang University, Taiwan; Fan-Hua Kung, Tamkang University; Chia-Ling Cheng, Fu Jen Catholic University, Taiwan;
Discussant: To be announced.

The Effects of Advice Source and Advisor Assurance on Auditors' Propensity to Report Questionable Acts Involving Superiors
El'fred H. Y. Boo, Nanyang Technological University; Terence B. P. Ng, Nanyang Technological University; Premila Gowri Shankar, Nanyang Technological University;
Discussant: Yi-Jing Wu, Case Western Reserve University

1.10 Audit Fee Determinants
Moderator:
Leah Elena Muriel, University of Tennessee
(NASBA Field of Study: Auditing)

Did Audit Fee Cuts in 2009 Impair Earnings Quality?
Long Chen, George Mason University; Gopal Krishnan, Lehigh University; Wei Yu, Lehigh University;
Discussant: Carol Dee, University of Colorado Denver

Managerial Incentives and Auditor Pricing
Yezen H. Kannan, Duquesne University; Terrence Skantz, University of Texas at Arlington; Julia L. Higgs, Florida Atlantic University;
Discussant: Thomas D. Dowdell, North Dakota State University

Peer Groups in Audit Pricing
Junxiong Fang, Fudan University; Haiyan Zhou, University of Texas Pan American;
Discussant: Julia Higgs, Florida Atlantic University

1.11 Audit Partner Signature, Rotation, and Characteristics
Moderator:
Debbie Lindberg, Illinois State University
(NASBA Field of Study: Auditing)

Audit Quality Effects of an Individual Audit Engagement Partner Signature Mandate
Allen D. Blay, Florida State University; Matthew Notbohm, University of North Dakota; Caren Schelleman, Maastricht University; Adrian Valencia, Florida State University;
Discussant: Barbara Grein, Drexel University

Is Audit Quality Associated with Auditor Tenure and Auditor Specialization? Evidence from Partner-Level Perspective
Lin Ruihao, National Taiwan University; Wu Chung-Fern , Professor of Department of Accounting,National Taiwan University;
Discussant: Sarah E. Stein, University of Missouri-Columbia

Rotate Back or Not after Mandatory Audit Partner Rotation?
Michael Firth , lingnan University; Oliver Rui, Chinese University of Hong Kong; Xi Wu, Central University of Finance and Economics;
Discussant: Marcus M. Doxey, University of Kentucky

1.12 Auditor Independence
Moderator:
Dereck D. Barr, University of Mississippi
(NASBA Field of Study: Auditing)

Auditor Objectivity and Independence: A Matter of Big Picture or Check-List Technicality
Sunita Ahlawat, The College of New Jersey; Hossein Nouri, The College of New Jersey;
Discussant: Tracie Majors, The University of Texas at Austin

Non-audit Fees, Auditor Tenure, and Auditor Independence
Ferdinand A. Gul, Monash University Sunway Campus; Ilias G. Basioudis, University of Aston, Aston Business School; Anthony C. Ng, The Hong Kong Polytechnic University;
Discussant: Kim Ittonen, University of Vaasa

Post-SOX Management Influence on Auditor Appointment Decisions and Subsequent Impairments of Auditor Independence
Dan S Dhaliwal, University of Arizona; Phillip T. Lamoreaux, University of Arizona; Landon Mark Mauler, University of Arizona;
Discussant: Huichi Huang, Syracuse University

1.13 Diversity in Boards and Audit Teams
Moderator:
Raymond J. Elson, Valdosta State University
(NASBA Field of Study: Accounting)

Board Gender Diversity, Auditor Choice and Audit Fees
Ferdinand A. Gul, Monash University Sunway Campus; Bin Srinidhi, City University of Hong Kong; Judy Tsui, The Hong Kong Polytechnic University;
Discussant: Dennis Bline, Bryant University

Board Gender Diversity and Earnings Conservatism
Nigar Sultana, Curtin University; J-L.W. Mitchell Van der Zahn, Curtin University;
Discussant: Dennis Bline, Bryant University

The Behavioral Effect of Compositional Diversity on Audit Team Effectiveness
Nelson U. Alino, Quinnipiac University;
Discussant: Dennis Bline, Bryant University

1.14 Earnings Surprises and Earnings Management
Moderator:
To Be Announced
(NASBA Field of Study: Accounting)

Small Negative Earnings Surprises and Transient Institutions' Trading Behavior
Gang Hu, Babson College; Bin Ke, Nanyang Technological University; Yong Yu, University of Texas at Austin;
Discussant: David Folsom, Lehigh University

Founding Family Ownership and Earnings Management
Joanna L. Y. Ho, University of California, Irvine; Fei Kang, University of California, Irvine; Anne Wu, National Chengchi University;
Discussant: David Folsom, Lehigh University

1.15 A Presentation by the Comptroller General of the United States — Gene L. Dodaro
Moderator:
Linda Parsons, University of Alabama-Tuscaloosa
(NASBA Field of Study: Accounting — Governmental)

Presenter:
Gene L. Dodaro, Comptroller General of the United States

1.16 Consequences of IFRS
Moderator:
Troy J. Pollard, University of Colorado
(NASBA Field of Study: Accounting)

The Economic Consequences of Eliminating the Reconciliation of IFRS to U.S. GAAP: An Information Transfer Analysis
Donal Byard, Baruch College-CUNY; Shamin Mashruwala, Baruch College-CUNY; Jangwon Suh, Baruch College-CUNY;
Discussant: Steve W. Lin, Florida International University

The Impact of a Group's Accounting Environment on Earnings Management in IFRS Consolidated Statements
Nadine Ebert, University of Muenster; Christiane Pott, University of Muenster; Christoph Watrin, University of Muenster;
Discussant: Steve W. Lin, Florida International University

1.17 Conservatism and Risk
Moderator:
Liandong Zhang, City University of Hong Kong
(NASBA Field of Study: Accounting)

Conservatism Flow and the Pricing of Credit Risk
Sumantra Chakravarty, Purdue University-Krannert School of Management;
Discussant: Xiumin Martin, Washington University at St Louis

Complex Ownership Structures and Accounting Conservatism
In-Mu Haw, Texas Christian University; Simon Shun-Man Ho, University of Macau; Jamie Y. Tong, Sun Yat-Sen University; Feida Zhang, Sun Yat-Sen University;
Discussant: Xiumin Martin, Washington University at St Louis

The Risk Management Role of Accounting Conservatism for Operating Cash Flows
Gary C. Biddle, The University of Hong Kong; Mary L. Z. Ma, The University of Hong Kong; Frank M. Song, The University of Hong Kong;
Discussant: Xiumin Martin, Washington University at St Louis

1.18 Changes in Regulatory and Market Environments
Moderator:
Nicole Throne Jenkins, Vanderbilt University
(NASBA Field of Study: Accounting)

The Dark Side of Trading
Ilia D. Dichev, Emory University; Kelly Huang, Georgia State University; Dexin Zhou, Emory University;
Discussant: Garen Bedros Markarian, IE Business School

The Impact of Changes in Competition in the Syndicated Loan Market on Financial Covenant Use
Jingjing Zhang, Northwestern University;
Discussant: Garen Bedros Markarian, IE Business School

1.19 Strong Shareholders
Moderator:
J. K. Aier, George Mason University
(NASBA Field of Study: Accounting)

Internal Control in Family Firms: Characteristics and Consequences
Xia Chen, University of Wisconsin-Madison ; Mei Feng, University of Pittsburgh; Chan Li, University of Pittsburgh;
Discussant: Han Yi, University of Oklahoma

Shareholder Rights and Manager Choices: When Performance Supersedes Fidelity
Bradley Lail, North Carolina State University; Gregory W. Martin, University of Colorado at Colorado Springs;
Discussant: Volkan Muslu, University of Texas at Dallas

Governance and Corporate Pension Policy
Divya Anantharaman, Rutgers University; Yong Gyu Lee, CUNY - Baruch College;
Discussant: Han Yi, University of Oklahoma

1.20 Corporate Governance
Moderator:
Wei Jiang, California State University, Fullerton
(NASBA Field of Study: Accounting)

Do Independent Directors Restrain Overconfident CEOs?
Adam Kolasinski, University of Washington; Xu Li, Lehigh University;
Discussant: Emma Y. Peng, Fordham University

Do Firms Contract Efficiently on Past Performance When Hiring External CEO's?
Richard A. Cazier, Texas Christian University; John M. McInnis, University of Texas at Austin;
Discussant: Emma Y. Peng, Fordham University

The Determinants of Change-in-Control Agreements
Charoula Charalambous, University of Cyprus; Andreas Charitou, University of Cyprus; Christodoulos Louca, Duhram University and Cyprus Technical University;
Discussant: Christo Karuna, University of Houston

1.21 Real World Cases/Issues in the Fraud World
Moderator:
Mary Jepperson, College of Saint Benedict/Saint John's University
(NASBA Field of Study: Auditing)

Asia's Enron: Satyam (Sanskrit Word for Truth)
Elisabetta Basilico, University of St. Gallen; Hugh Grove, University of Denver;

Birds of the Same Feather: The Dangers of Affinity Fraud
Richard G. Brody, University of New Mexico; Frank S. Perri, County of Winnebago;

Fraud Detection and Prevention in Nonprofit Organizations
Bambi A. Hora, University of Central Oklahoma; Mary Sheets, University of Central Oklahoma; Rebecca Goza, Director, Internal Audit Services, American Cancer Society;

Where did the money go? A forensic analysis of the cash position of General Motors following the bailout
Mariah C. Webinger, John Carroll University;

1.22 Does IFRS Matter?
Moderator:
Heibatollah Sami, Lehigh University
(NASBA Field of Study: Accounting)

Audit Committee Effectiveness and Earnings Conservatism: An Australian Analysis
Nigar Sultana, Curtin University; J-L.W. Mitchell Van der Zahn, BG Executive Consultancy Solutions and Curtin University;
Discussant: Edward N. Balli, Liberty University

Has Australian Financial Reporting Become More Conservative Over Time?
Cheng Lai, University of New South Wales; Meiting Lu, University of New South Wales; Yaowen Shan, University of Technology Sydney;
Discussant: Edward N. Balli, Liberty University

Loan Collateral and Accounting Conservatism
Jeff Zeyun Chen, University of Colorado at Boulder; Gerald J. Lobo, University of Houston; Yanyan Wang, Xiamen University; Lisheng Yu, Xiamen University;
Discussant: Jane M. Weiss, Washington & Lee University

1.23 Incentives to Manage Earnings
Moderator:
Fouad K. AlNajjar, Baker College Center for Graduate Studies
(NASBA Field of Study: Accounting)

Managerial Tenure and Earnings Management in China
Qian Hao, Wilkes University; Nan Hu, University of Wisconsin at Eau Claire; Ling Liu, University of Wisconsin at Eau Claire; Lee Yao, Loyola University New Orleans;
Discussant: Denise Silva Ferreira Juvenal, Prefeitura da Cidade do Rio de Janeiro
[Paper withdrawn]

Do Material Weakness Firms Have Opportunistic Earnings Management? Evidence from Japan
Masumi Nakashima, Fukushima College/Converse College;
Discussant: Maria da Conceição da Costa Marques, Instituto Superior de Contabilidade e Administração de Coimbra

Post-IPO Earnings Management Driven by Insider Selling Motives: Using KOSDAQ IPOs
Youngsoon Cheon, Chung-Ang University; Moonchul Kim, Kyung Hee University; Munho Hwang, Korea University;
Discussant: Maria da Conceição da Costa Marques, Instituto Superior de Contabilidade e Administração de Coimbra

1.24 Effects of Mandatory IFRS Adoption
Moderator:
Maria L. Bullen, Clayton State University
(NASBA Field of Study: Accounting)

The Cross-Country Spillover Effect of Financial Reporting on Capital Investment and Investment Efficiency: Evidence from Mandatory IFRS Adoption
Chen Chen, Chinese University of Hong Kong; Danqing Young, Chinese University of Hong Kong; Zili Zhuang, Chinese University of Hong Kong;
Discussant: Elizabeth M Devos, The University of Texas at El Paso

Does Mandatory Adoption of International Financial Reporting Standards Decrease the Voting Premium for Dual-Class Shares: Theory and Evidence
Hyun A. Hong, University of Memphis;
Discussant: Frederick Lindahl, George Washington University

1.25 Earnings Management: Incentive and Measurement Issues
Moderator:
Shawn X. Huang, University of Arkansas
(NASBA Field of Study: Accounting)

The Impact of Ownership Concentration and IFRS Adoption on Earnings Quality: Evidence from an Emerging Market
Mine H. Aksu, Sabanci University, visiting University of Texas at Dallas; Gulnur Yaz Muradoglu, Cass Business School; Ayse Tansel Cetin, Yalova University;
Discussant: Davit Adut, University of Cincinatti

Earnings Management to Circumvent Foreign Direct Investment Restriction
Rong-Ruey Duh, National Taiwan University; Audrey Wenhsin Hsu, National Taiwan University; Sidney Leung, Hong Kong City University;
Discussant: Davit Adut, University of Cincinatti

1.26 XBRL I
Moderator:
Thomas Clausen, Zayed University
(NASBA Field of Study: Accounting)

XBRL, Excel, or PDF? The Effects of Technology Choice on the Analysis of Financial Information
Diane Janvrin, Iowa State University; Robert Pinsker, Florida Atlantic University; Maureen Mascha, Marquette University;
Discussant: Laxmikantham Padakanti, Addis Ababa University, Ethiopia

The Effect of XBRL Disclosures on Information Environment in the Market: Early Evidence
Joung Kim, Nova Southeastern University; Jee-Hae Lim, University of Waterloo; Won Gyun No, Iowa State University;
Discussant: Natalia Mintchik, University of Missouri - St. Louis

Early XBRL Adoption and Cost of Capital
Chunhui Liu, University of Winnipeg; Lee Yao, Loyola University New Orleans;
Discussant: Clinton E White, University of Delaware

1.27 Performance Measures and Incentives I
Moderator:
Steven Smith, University of Illinois at Urbana-Champaign
(NASBA Field of Study: Accounting)

Performance Measures, Motivated Reasoning, and Subjective Performance Evaluation
Joan Luft, Michigan State University; Michael D. Shields, Michigan State University; Tyler F. Thomas, Michigan State University;
Discussant: Steven Smith, University of Illinois at Urbana-Champaign

The Effect of Incentive Scheme Choices on Strategy Development
Timothy C. Miller, Kent State University; W. Timothy Mitchell, Georgia State University; Sean A. Peffer, University of Kentucky;
Discussant: Weihwa Chua, Nanyang Technological University

Contract preference, affect, and effort choice under bonus, penalty, and hybrid incentive contracts
Linda Ragland, University of South Florida; Lee Kersting, University of South Florida; Nathan V. Stuart, University of Wisconsin Oshkosh;
Discussant: Christine Denison, Iowa State University

1.28 Management Accounting and Competitive Strategy I
Moderator:
Sarah Rice, The University of Connecticut
(NASBA Field of Study: Accounting)

An Experimental Examination of the Effects of Competition on Subordinate Budget Reports with Relative Project Evaluation
Anthony D. Nikias, Texas A&M University, Kingsville;
Discussant: Sarah Rice, The University of Connecticut

Organizational Structure as a Tool to Manage Gray Markets
Romana Autrey, University of Illinois at Urbana-Champaign; Francesco Bova, University of Toronto; David Soberman, University of Toronto;
Discussant: Nicole Johnson, UC Berkeley

The Use of Activity-based Costing with Competitive Strategies: Impact on Firm Performance
Kip Krumwiede, University of Richmond; Shannon Charles, University of Utah;
Discussant: Anne-Marie T. Lelkes, Pittsburg State University

1.29 Current Issues in Financial Reporting
Moderator:
John T. Rigsby, Mississippi State University
(NASBA Field of Study: Accounting)

On the Special Impossibility of Positive Accounting Standards
Jeremy Bertomeu, Northwestern University; Robert Magee, Northwestern University; Georg Schneider, Paderborn University;
Discussant: Mary Fischer, University of Texas at Tyler

The Effect of FAS 157-4 on Value Relevance: Early Evidence
Hui Du, University of Houston - Clear Lake; Sherry Fang Li, Rider University; Randall Zhaohui xu, University of Houston-Clear Lake;
Discussant: James Cataldo, Suffolk University

Public Colleges and Universities OPEB Recognition and Reporting
Mary Fischer, University of Texas at Tyler; Treba Marsh, Stephen F. Austin State University; George Hunt, Stephen F. Austin State University; Bambi Hora, University of Central Oklahoma; Lou Montondon, Texas State University;
Discussant: Priscilla Wightman, Hartwick College

1.30 Corporate Social Responsibility
Moderator:
Michael Kraten, Providence College
(NASBA Field of Study: Social Environment of Business)

Exploring the Interface of Corporate Social and Environmental Factors, Stakeholder Groups, and Financial Performance: What Matters to Whom and When?
Kimberly A. Zahller, University of Central Florida;
Discussant: Allan W. Graham, University of Rhode Island

The Effects of Public Pressure on CSR Behavior in a Capital Market Experiencing Excessive Moral Debt
Pamela Roush, University of Central Florida; Lois S. Mahoney, Eastern Michigan University; Linda Thorne, York University;
Discussant: Brian Daugherty, University of Wisconsin - Milwaukee

Family Firms's Corporate Social Responsibility and Financial Performance
Jeff F. Reinking, University of Central Florida; Sean W. G. Robb, University of Central Florida; Robin W. Roberts, University of Central Florida;
Discussant: Dawn W. Massey, Fairfield University

1.31 Data, Blog, and Process Mining
Moderator:
Edward Blocher, University of North Carolina at Chapel Hill
(NASBA Field of Study: Auditing)

Blog Mining: "From Each According to His Opinion"
Daniel E. O'Leary, University of Southern California;

Improving Information Retrieval from Accounting Documents: A Prototype Digital Thesaurus for Employee Benefits
Ingrig E. Fisher, University at Albany-SUNY; Margaret R. Garnsey, Siena College;

Internal Prediction Markets, with Applications, as Knowledge Management Systems: "From Each According to his Bet"
Daniel E. O'Leary, University of Southern California;

Process Mining of Event Logs in Internal Auditing: Opportunities and Challenges
Michael Gamini Alles, Rutgers University; Mieke Jans, Hasselt University; Miklos A. Vasarhelyi, Rutgers University;

1.32 Cases: Lehman, Risk Assessment, and Audit Simulation
Moderator:
Tad Miller, Cal Poly State University - San Luis Obispo
(NASBA Field of Study: Accounting)

Lehman on the Brink of Bankruptcy: A Case about Aggressive Application of Accounting Standards
Dennis Caplan, University at Albany (SUNY); Saurav Dutta, University at Albany (SUNY); David Marcinko, Skidmore College;
Discussant: Timothy J. Fogarty, Case Western Reserve University

Grumley Nanotech: Risk Assessment in Audit Planning
Richard H. Gifford, SUNY Geneseo; Harry Howe, SUNY Geneseo;
Discussant: Janell L. Blazovich, University of St. Thomas-St. Paul

Accounts Receivable: An Audit Simulation
Tad Miller, Cal Poly San Luis Obispo; Arline Savage, Cal Poly San Luis Obispo; Michael Weeks, Managing Director of Bearing Point Inc. (retired);
Discussant: Scott Miller, Edinboro University of Pennsylvania

1.33 Tackling Teaching Together
Moderator:
Tracie L. Nobles, Austin Community College
(NASBA Field of Study: Accounting)

Panelists:
Cindy Bolt-Lee, The Citadel Cassy Budd, Brigham Young University

Description
This session engages all participants in discussions about the most pressing teaching questions facing us today. The interactive format provides opportunities for all to exchange ideas, strategies, best practices, and resources. During the question debrief, group responses will be recorded and then shared on the AAACommons.

1.34 Addressing the Transfer Gap with Summer Residency Programs
Moderator:
Susan V. Crosson, Santa Fe College
(NASBA Field of Study: Specialized Knowledge and Applications)

Panelists:
Sidney Askew, Borough of Manhattan Community College
Delwyn DeVries, Belmont University
Sharon S. Lassar, University of Denver
Maria C. Mari, Miami Dade College
Gerald A. Olson, Illinois Wesleyan University

Description
Panel to discuss summer residency programs and how these programs address the transfer gap.

1.35 Lean Accounting and Its Importance in the Accounting Curriculum
Moderator:
Carolyn Conn, St. Edward's University
(NASBA Field of Study: Accounting)

Panelists:
Rosemary Fullerton, Utah State University
John Hoy, St. Edward's University
Frances Kennedy, Clemson University

Description
It is essential to include lean accounting concepts in the cost and managerial accounting curriculum so that students understand them, are prepared to implement them, and can audit firms who use them. The foundation for lean accounting concepts has become formalized in the manufacturing sector only within recent years. Yet, the topic has not gotten much attention in the university curriculum. The industry push for lean accounting has been driven in large part by engineers and managers who need different data to make better decisions in a lean manufacturing environment. Lean accounting is two-pronged in that it: (1) provides more useful information to users of accounting data; and (2) streamlines processes in the accounting operation itself. To understand lean accounting, our students must first thoroughly understand the effects of a traditional costing system in a lean environment; then, be able to re-think how those costing concepts can be changed to report more relevant, simple, and effective data for lean decision makers. Experts on the panel who have studied, taught, and utilized lean accounting concepts will share their challenges and stories of success. Faculty members who teach lean accounting will provide their views on how and why to include lean accounting in the curriculum.

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