The Auditors Report

2004 Midyear Auditing Conference

Clearwater Beach, Florida

The fishing pier on Clearwater Beach, site of the 2004 Midyear Meeting. The fishing pier on Clearwater Beach, site of the
2004 Midyear Meeting.

The 2004 Midyear Meeting of the Auditing section appeared to be a success, aided immeasurably by the beautiful Florida weather. It provided a welcome relief for those attendees traveling from the frozen tundra of the north. On the day prior to the meeting, the Section (with the KPMG Foundation’s support) sponsored a Doctoral Consortium which was attended by 36 doctoral students.

The meeting itself was kicked off by the plenary speaker, Dr. Douglas R. Carmichael, Chief Auditor of the Public Company Accounting Oversight Board, who spoke about the social responsibility of the auditing profession. The full text of his speech is available in Word format on the Section’s website (/audit/; link titled “keynote speech”).

Jean Bedard presents plaques to thank Steve Glover and Doug Prawitt for organizing the 2004 Midyear Meeting. Jean Bedard presents plaques to thank Steve Glover and Doug Prawitt for organizing the 2004 Midyear Meeting.

A Plenary Panel, co-sponsored by the Auditing Standards Committee and Practice Advisory Council, and moderated by Dana Hermanson, Chair, Auditing Standards Committee, addressed “Setting Auditing Standards in the National and International Environments.” Panelists included Gary Holstrum, Consultant, Office of the Chief Auditor, PCAOB and University of South Florida; Lynford Graham, Auditing Standards Board; and Jim Sylph, International Auditing and Assurance Standards Board.

In addition, there were panel discussions during the concurrent sessions that dealt with audit committee issues; a GAO update; the implications of current audit approaches for audit education; and field research in auditing and corporate governance.

Members of the plenary panel, “Setting Auditing Standards,” just after completing their well-received song about Sarbanes-Oxley. Members of the plenary panel, "Setting Auditing Standards," just after completing their well-received song about Sarbanes-Oxley.

Thirty-three papers were presented, including papers oriented toward education. Another twenty papers were presented at the roundtable. This was the third year of the roundtable, and it again was quite successful.

Total attendance was 281, up significantly from last year’s 237. Thirty-six students registered for the Doctoral Consortium and fifty-four attended the CPE session on “Practice Insights on Sarbanes-Oxley 404,” presented by John Murphy. Section award winners were: Distinguished Service in Auditing Award – Andy Bailey; Outstanding Auditing Educator Award – Dan Simunic; Notable Contribution to the Auditing Literature Award – Mike Gibbins and Jim Newton; Innovation in Auditing and Assurance Education Award – Christine Earley; Doctoral Dissertation Award – Kathryn Epps and advisor, Bill Messier.

Copies of the presentations made at the Doctoral Consortium, along with copies of many of the papers and presentations featured at the meeting, are available at: /audit/midyear/04midyear/2004%20Midyear%20Auditing%20Meeting.htm

Celebrants at one of the three receptions held outside on Clearwater Beach. Celebrants at one of the three receptions held outside on Clearwater Beach.

Thanks again are due to KPMG and Bernie Milano for their continued sponsorship and support; all reviewers, discussants, and moderators; Dee Strahan at the AAA; and McGraw-Hill/Irwin for co-sponsoring a reception.

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