Auditing Concurrent Sessions Preliminary Schedule

American Accounting Association
2003 Annual Meeting
Honolulu, Hawaii

Section Luncheon: Monday, August 4, 2003—12:00 noon–1:45 p.m.
Speaker: George Diacont, Director of Registration and Inspection Public Company Accounting Oversight Board.

Listed below are all Auditing Section concurrent sessions as well as other sessions with significant auditing content (sponsoring section indicated in parentheses after session title).

Session date: Monday, August 4, 2003 — 10:15 a.m.–11:45 a.m.
Session title: Audit and Transparency Issues (International Accounting)
Moderator: Robert Larson, University of Dayton

Paper 1. Auditor Values for Professional Judgment: A Cross-Cultural Comparison of the U.S. and Taiwan. Chee W. Chow, San Diego State University; Dawn W. Massey, Fairfield University; Linda Thorne, York University; Anne Wu, National Chengchi University
Paper 2. The Effect of Auditing: An Empirical Examination of the Differences between Audited and Nonaudited Financial Reports in China. Charles J. P. Chen, City University of Hong Kong; Bin Srinidhi, City University of Hong Kong; Xijia Su, City University of Hong Kong
Paper 3. Transparency of Financial Reporting Before and After the Asian Financial Crisis: An Empirical Study of Indonesian Company Practices. Richard D. Morris, The University of New South Wales; Beauty U. Ho, The University of New South Wales; Sidney J. Gray, The University of New South Wales

Discussant: Burch Kealey, University of Nebraska at Omaha

Session date: Monday, August 4, 2003 — 10:15 a.m.–11:45 a.m.
Session title: Auditing and Corporate Governance
Moderator: Hun Tan, Nanyang Technological University

Paper 1. Auditors’ Assessments of and Responses to Earnings Management Risk and Corporate Governance Risk. Jean C. Bedard, Northeastern University; Karla M. Johnstone, University of Wisconsin–Madison
Paper 2. Corporate Governance and the Audit Process. Jeffrey R. Cohen, Boston College; Ganesh Krishnamoorthy, Northeastern University; Arnie Wright, Boston College
Paper 3. The Influence of Independent and Effective Audit Committees on Earnings Quality. Daniel Bryan, SUNY at Buffalo; Carol Liu, SUNY at Buffalo; Samuel L. Tiras, SUNY at Buffalo

Discussant: Aretha Hill, Florida A&M University

Session date: Monday, August 4, 2003 — 4:00 p.m.–5:30 p.m.
Session title: Empirical Research on Audit Markets
Moderator: Karl Hackenbrack, University of Florida

Paper 1. Audit Markets and Legal Environments: An International Investigation Jong-Hag Choi, Hong Kong University of Science and Technology; T. J. Wong, Hong Kong University of Science and Technology
Paper 2. Big 5 Audit Pricing under Spatial Oligopolistic Competition. Jane Culvenor, University of Technology, Sydney; Donald Stokes, University of Technology, Sydney; Ming Wu, University of Technology, Sydney
Paper 3. A Longitudinal Investigation of the Audit and Nonaudit Service Fee Markets (1984 to 1999). Elizabeth Carson, The University of New South Wales; Roger Simnett, The University of New South Wales; Billy Soo, Boston College; Arnie Wright, Boston College

Discussant: Randal J. Elder, Syracuse University

Session date: Monday, August 4, 2003 — 4:00 p.m.–5:30 p.m.
Session title: Emerging Technology Use in Auditing (Artificial Intelligence/Emerging Technologies)
Moderator: To Be Announced

Paper 1. Restoring Auditor Credibility: Tertiary Monitoring and Logging of Continuous Assurance Systems. Michael G. Alles, Rutgers, The State University of New Jersey; Alexander Kogan, Rutgers, The State University of New Jersey; Miklos A. Vasarhelyi, Rutgers, The State University of New Jersey
Paper 2. The Adoption of Embedded Audit Modules by the Audit Profession: A Diffusion of Innovation Approach. Roger S. Debreceny, Nanyang Technological University; Glen L. Gray, California State University, Northridge
Paper 3. Continuous Auditing of Financial Information Systems: Perceptions by Auditor Type. Eric N. Johnson, Indiana University; Richard B. Dull, Clemson University

Discussant: To Be Announced

Session date: Monday, August 4, 2003 — 4:00 p.m.–5:30 p.m.
Session title: Auditing Issues Relating to Governments and NonProfits (Government and Nonprofit)
Moderator: Dana Forgione, Florida International University

Paper 1. The Value of Auditing as a Monitoring Tool: An Analysis of Public School Operations. Yoshie Saito Lord, Temple University; Christopher S. McIntosh, University of Idaho at Idaho Falls

Discussant: To Be Announced

Paper 2. Government versus Private Sector Audit Fees: An Empirical Comparison. Jeffrey R. Casterella, Colorado State University; Stephen P. Davies, Colorado State University; Laurence E. Johnson, Colorado State University; Barry L. Lewis, University of Colorado at Boulder

Discussant: Linda M. Parsons, George Mason University

Paper 3. The Relation between Auditor Selection and Adverse Audit Findings: Examination of Nonprofits Subject to the Single Audit Act. Elizabeth K. Keating, Harvard University; Janet Greenlee, University of Dayton; Teresa Gordon, University of Idaho; Mary Fischer, The University of Texas at Tyler

Discussant: Suzanne L. Lowensohn, Colorado State University

Session date: Tuesday, August 5, 2003 — 10:15 a.m.–11:45 a.m.
Session title: Emerging Role of Audit Committees (At-Large)
Moderator: Roman L. Weil, University of Chicago
Panelists:

Katherine Schipper, Financial Accounting Standards Board
Zoe-Vonna Palmrose, University of Southern California
Teresa Iannaconi, KPMG LLP
Rodrick Hills, Former Chair, U.S. Securities and Exchange Commission (SEC)

Session date: Tuesday, August 5, 2003 — 10:15 a.m.–11:45 a.m.
Session title: Auditing and Going-Concern Assessments
Moderator: Ken Schwartz, Boston College

Paper 1. The Valuation Implications of the Auditor’s Going-Concern Opinion. Allen D. Blay, University of California, Riverside
Paper 2. Market Underreaction to Going-Concern Audit Report Disclosures: A Paradox. Richard J. Taffler, Cranfield School of Management, U.K.; Jeffrey Lu, Cranfield School of Management, U.K
Paper 3. Corporate Governance Factors and Auditor Going-Concern Assessments. Susan Parker, Santa Clara University; Gary Peters, University of Arkansas; Howard F. Turetsky, San Jose State University

Discussant: Mary Stone, The University of Alabama

Session date: Tuesday, August 5, 2003 — 10:15 a.m.–11:45 a.m.
Session title: Auditing and Decision Making
Moderator: Theodore Mock, University of Southern California

Paper 1. Audit Review: The Impact of Discussion Timing and Continuity. Michael Favere-Marchesi, Simon Fraser University
Paper 2. An Experimental Investigation of Audit Decision Making: An Evaluation Using System-Mediated Mental Model Theory. Amy K. Choy, Washington University in St. Louis; Ronald R. King, Washington University in St. Louis
Paper 3. A Cognitive Task Analysis Approach to Understanding the Acquisition of Audit Knowledge. Michael L. Roberts, The University of Alabama; Jane Dillard-Eggers, Belmont University

Discussant: Thomas M. Kozloski, Wilfrid Laurier University

Session date: Tuesday, August 5, 2003 — 2:00 p.m.-3:30 p.m.
Session title: XBRL: Assurance and Auditing Issues and Research Opportunities
Moderator: Glen Gray, California State University, Northridge
Panelists:

Bob Cuthbertson, CaseWare IDEA Inc.
Walter Hamscher, PricewaterhouseCoopers
Arnie Wright, Boston College
Roger Debreceny, Nanyang Technological University
Paul Penler, Ernst & Young LLP

Session date: Tuesday, August 5, 2003 — 4:00 p.m.-5:30 p.m.
Session title: Internal Auditing Issues
Moderator: Audrey Gramling, Georgia State University

Paper 1. An Investigation of Whether Outsourcing the Internal Audit Function Affects Internal Controls. Dennis Caplan, Iowa State University; Craig Emby, Simon Fraser University
Paper 2. Factors Affecting the Voluntary Use of Internal Audit. Jenny Goodwin, University of Queensland; Pamela Kent, University of Queensland
Paper 3. An Examination of Internal Auditor Objectivity: In-House versus Outsourcing. Sunita S. Ahlawat, The College of New Jersey; D. Jordan Lowe, Arizona State University West

Discussant: Arnie Schneider, Georgia Institute of Technology

Session date: Tuesday, August 5, 2003 — 4:00 p.m.-5:30 p.m.
Session title: Analytical Research in Auditing
Moderator: Ella Matsumura, University of Wisconsin–Madison

Paper 1. The Role of Auditing in Investor Protection. Paul Newman, The University of Texas at Austin; Evelyn Patterson , SUNY at Buffalo; Reed Smith, Indiana University
Paper 2. An Economic Analysis of Audit and Nonaudit Services: The Trade-Off between Competition Crossovers and Knowledge Spillovers. Martin G. H. Wu, University of Illinois at Urbana–Champaign
Paper 3. Auditor’s Pre-Negotiation Information, Accuracy of Financial Reports and Consulting Services. Yun Zhang, Yale University

Discussant: Taychang Wang, National Taiwan University

Session date: Wednesday, August 6, 2003 — 10:15 a.m.–11:45 a.m.
Session title: Audit Quality
Moderator: Khondkar Karim, Rochester Institute of Technology

Paper 1. The Effect of Legal Environment on Big 5 Auditor Conservatism around the World. Jere R. Francis, University of Missouri; Dechun Wang, University of Missouri; Alex Nikitkov, University of Missouri
Paper 2. Audit Quality: Earnings Management in the Context of the 1997 Asian Crisis. Shireenjit Johl, Multimedia University; Christine Ann Jubb, Monash University; Keith Allen Houghton, Australian National University
Paper 3. How Strategic Errors Increase the Quality of Audited Financial Statements—An Experimental Investigation. Urs Fischbacher, University of Zurich; Ulrike Stefani, University of Zurich

Discussant: Jayanthi Krishnan, Temple University

Session date: Wednesday, August 6, 2003 — 2:00 p.m.–3:30 p.m.
Session title: Auditing and Earnings Management
Moderator: Brendan O’Connell, Deakin University

Paper 1. Auditor Reputation, Discretionary Accruals, and IPO Underpricing. Susan M. Albring, Syracuse University; Randal J. Elder, Syracuse University; Jian Zhou, SUNY at Binghamton
Paper 2. Does Big 6 Auditor Industry Expertise Constrain Earnings Management? Gopal V. Krishnan, City University of Hong Kong
Paper 3. Audit Committees and Quarterly Earnings Management. Joon S. Yang, University of Minnesota, Duluth; Jagan Krishnan, Temple University

Discussant: Keith Houghton, Australian National University

Session date: Wednesday, August 6, 2003 — 2:00 p.m.–3:30 p.m.
Session title: Assurance and Users’ Reactions
Moderator: Bill Thomas, Baylor University

Paper 1. Audit Quality and Post-Earnings Announcement Drift. Andrew Ferguson, The University of New South Wales; Zoltan Matolcsy, University of Technology, Sydney
Paper 2. Auditor Reputation, Auditor Independence and the Stock Market Reaction to Andersen’s Clients. Srinivasan Krishnamurthy, SUNY at Binghamton; Jian Zhou, SUNY at Binghamton; Nan Zhou, SUNY at Binghamton
Paper 3. Investigating the Reaction of Relatively Unsophisticated Investors to Audit Assurance on Firm-Released News Announcements. James E. Hunton, Bentley College; Jacqueline L. Reck, University of South Florida; Robert E. Pinsker, Old Dominion University

Discussant: Stephen Wheeler, University of the Pacific

Session date: Wednesday, August 6, 2003 — 2:00 p.m.–3:30 p.m.
Session title: Accountants’ Cognition and Judgment (Accounting, Behavior and Organizations)
Moderator: Anne Magro, University of Oklahoma

Paper 1. The Effects of Feedback Type on Auditor Judgment Performance under Different Levels of Task Complexity. Patrick W. Leung, Hong Kong Polytechnic University; Ken T. Trotman, The University of New South Wales

Discussant: Jennifer R. Joe, Georgia State University

Paper 2. Do Auditors Think as Frequentists? Natalia V. Kotchetova, University of Waterloo; William F. Messier, Georgia State University; Aasmund Eilifsen, Norwegian School of Economics and Business Administration

Discussant: Gary Entwistle, University of Saskatchewan

Paper 3. Reducing Accounting Fixation: Determinants of Cognitive Adaptation to Variation in Accounting Method. David T. Dearman, Arkansas State University; Michael D. Shields, Michigan State University

Discussant: Susan McCracken, University of Toronto

Session date: Wednesday, August 6, 2003 — 4:00 p.m.–5:30 p.m.
Session title: Auditor Attributes
Moderator: Jeffrey McMillan, Clemson University

Paper 1. Decomposition of Fraud Risk Assessments and Auditors’ Sensitivity to Fraud Cues. T. Jeffrey Wilks, Brigham Young University; Mark F. Zimbelman, Brigham Young University
Paper 2. Auditor’s Virtue: The Development of a Valid and Reliable Measure. Theresa Libby, Wilfrid Laurier University
Paper 3. An Investigation of the Attributes of Top Industry Audit Specialists. Mohammad J. Abdolmohammadi, Bentley College; D. Gerald Searfoss, University of Utah; James Shanteau, Kansas State University

Discussant: Natalia Kotchetova, University of Waterloo

Session date: Wednesday, August 6, 2003 — 4:00 p.m.–5:30 p.m.
Session title: Nonaudit Services and Auditor Independence
Moderator: Deborah Lindberg, Illinois State University

Paper 1. Nonaudit Fees, Auditor Independence, and Bond Ratings. Duane M. Brandon, Virginia Polytechnic Institute and State University; Aaron D. Crabtree, Virginia Polytechnic Institute and State University; John J. (Jack) Maher, Virginia Polytechnic Institute and State University
Paper 2. Nonaudit Fee Disclosures and the Market Valuation of Earnings Surprises. Jere R Francis, University of Missouri; Bin Ke, Pennsylvania State University
Paper 3. Nonaudit Services and Earnings Conservatism: Is Auditor Independence Impaired? Stephen L. Taylor, The University of New South Wales; Sarah J. Taylor, University of Technology, Sydney; Caitlin Ruddock, Australian Securities and Investments Commission

Discussant: Susan Parker, Santa Clara University

The papers listed below are accepted for presentation in the Auditing Section Research Forum.

Session date: Wednesday, August 6, 2003 — 10:15 a.m.–11:45 a.m.
Tables 10 through 14

The Role of the Auditor in Managing Public Disclosures: Potentially Misleading Information in Documents Containing Audited Financial Statements. Cindy Eakin, University of the Pacific; Tim Louwers, Louisiana State University; and Stephen Wheeler, University of the Pacific

Analytical Procedures: A Data Envelopment Analysis Approach. Ehsan H. Feroz, University of Minnesota, Duluth; Sungsoo Kim, Rutgers, The State University of New Jersey; and Raymond L. Raab, University of Minnesota, Duluth

Stakeholders and Auditor’s Industry Specialization. Ilias G. Basioudis, Aston University

Internal Control Evaluation and Interference Effects. Janet Morrill, University of Manitoba; Cameron Morrill, University of Manitoba; and Lori Kopp, University of Lethbridge

The Auditor to Client Revolving Door and Earnings Management. Marshall A Geiger, University of Richmond; Brendan T. O’Connell, Deakin University; and David S. North, University of Richmond

Session date: Wednesday, August 6, 2003 — 2:00 p.m.–3:30 p.m.
Tables 8 through 13

Voluntary Demand for Auditing by Australian Farm Businesses. Peter John Carey and George Andrew Tanewski, both at Monash University

Auditor Size, Nonaudit Services, and Loan Loss Provisions by Commercial Banks. Ken Y. Chen, National Cheng Kung University; Randal J. Elder, Syracuse University; and Jian Zhou, SUNY at Binghamton

Assessing the Impact of More Frequent External Financial Statement Reporting and Independent Auditor Assurance. Arnie Wright, Boston College; James Hunton, Bentley College; and Sally Wright, University of Massachusetts Boston

Expert Valuation Reports in Australian Takeovers: Quality, Fees, and Auditor Independence. Martin Bugeja, University of Sydney

Is There Cartel Pricing in the Australian Audit Market? Andrew Ferguson, The University of New South Wales

The Fraudulent Financial Reporting Characteristics of the Computer Industry Viewed through a Strategic-Systems Lens. Chia-hui Chen and John T. Sennetti, both at Nova Southeastern University

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