Awards Presented at the 2005 Midyear Auditing Conference
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Outstanding Auditing Dissertation Award
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| Vicky Hoffman presents the Outstanding Auditing Dissertation Award to Shawn Davis, a Visiting Professor at Georgia State University (Ron King of Washington University was the dissertation chair). |
Her results suggest that disclosing auditor materiality thresholds increases the accuracy of both investors' perception of the auditor's report and their subsequent asset pricing in the market, and induces a more uniform distribution of wealth across investors. The committee believes this research has a strong potential for publication in a scholarly journal; it makes an important and timely contribution to the audit literature, and represents a nice blend of economic and psychological perspectives to address an auditing issue that is of interest to practitioners. Many high-quality dissertations were nominated for the 2005 award. The Section solicits nominations from the membership by July 1 of each year and the award is presented at the following Midyear Conference.
2005 Distinguished Service in Auditing Award
Presented by Scott Showalter
The 2005 Distinguished Service in Auditing Award was presented to Dr. Timothy B. Bell, currently the Director of Assurance Research at KPMG International's Audit & Advisory Services Center (AASC) in Montvale, NJ. This award recognizes exemplary service to the auditing profession, the Auditing Section and scholarly contributions to the field of auditing. Criteria for the award are outstanding career achievements over a 20–25 year period that have a lasting and significant impact on the field of auditing, as evidenced by service to the auditing profession, the Section, or by significant contributions in scholarship.
Tim has served the Auditing Section in a number of ways. He has served on the Executive Committee of the Section as its Vice President-Academic, President, and Past President. He also served the Section as its Director of Research and as a member of the editorial board of the Section's journal Auditing: A Journal of Practice and Theory.
Tim has made significant scholarly contributions to the field of auditing. He has published numerous articles in leading scholarly journals, including Journal of Accounting Research, The Accounting Review, Management Science, and Auditing: A Journal of Practice & Theory and in many leading professional journals including Accounting Horizons, Journal of Accountancy, Management Accounting, and the National Association of Corporate Directors—Governance Series: Ethics in the Boardroom. He is co-editor of the AICPA monograph entitled Auditing Practice, Research, and Education: A Productive Collaboration. In 1998, this monograph was awarded The Joint AICPA/AAA Collaboration Award, which recognizes significant contributions to the auditing profession through collaborations between academics and practitioners. The monograph was also awarded the Notable Contributions to the Auditing Literature Award from the Auditing Section in 2003. Tim is co-author of the KPMG monographs Cases in Strategic-Systems Auditing and Auditing Organizations Through a Strategic-Systems Lens, the latter also being awarded The Joint AICPA/AAA Collaboration Award in 1998.
Tim is co-founder and Managing Director of the KPMG/University of Illinois Business Measurement Case Development and Research Program, a program that has provided significant support to higher education through the development and distribution of the two KPMG monographs and numerous classroom case exercises on contemporary topics in auditing. These materials have been used extensively by accounting and auditing professors in over 200 domestic and international universities. Several institutions have re-engineered the entire auditing course around the "strategic-systems auditing" concepts presented in these monographs, and evidence indicates that the number of faculty and students who have used these materials numbers in the hundreds of thousands.
Tim has served the auditing profession in a variety of ways, including service on the Auditing Standards Board's Fraud Task Force, the profession-wide Talent Task Force and on the Technical Working Group on Education for Forensic Accounting and Fraud Investigation, a curriculum development project sponsored by the U.S. Department of Justice. Also, Tim has been featured and quoted in articles in the Wall Street Journal for his work on the development of new assurance services.
Prior to joining KPMG, Tim was a member of the Accounting Faculty at the University of Texas at Austin and he is a Certified Public Accountant and Certified Management Accountant.
2005 Innovation in Auditing and Assurance Education Award
Presented by Karla Johnstone
Let me begin by thanking Linda McDaniel for asking me to serve as the Chairperson for this committee. It has been a pleasure working on this project and it has been inspiring to see the many examples of educational innovations that are taking place in auditing education. I express my appreciation to my fellow committee members, who conscientiously evaluated the nominees in a timely manner. It has been a pleasure working with each of these individuals — Lisa Gaynor at Georgetown University, Chris Hogan at Southern Methodist University, and Jane Kennedy at the University of Washington.
The purpose of the innovation in auditing and assurance education award is to encourage innovation and improvement in auditing and assurance education. The award recognizes a significant activity, concept, or teaching materials that are highly innovative, offer unique educational benefits, and are adaptable to other educational institutions or situations. I cannot think of two individuals better-suited to receiving this award than Tim Bell of KPMG and Ira Solomon of the University of Illinois.
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| Tim Bell and Ira Solomon received the 2005 Innovation in Auditing and Assurance Education Award, presented by Karla Johnstone. Tim Bell also received the 2005 Distinguished Service in Auditing Award at the midyear conference (not pictured). |
Tim Bell is the Director of Assurance Research at KPMG International's Audit & Advisory Services Center in Montvale, NJ. He earned his Ph.D. from Oklahoma State University and was on the faculty at the University of Texas at Austin before joining KPMG. Tim has served the Auditing Section in many ways — as the Vice President-Academic, the President, and the Past President. He also served as the Director of Research and as a member of the editorial board of Auditing: A Journal of Practice and Theory. Tim is the co-founder, Executive Director, and Managing Director-Practice of the KPMG/University of Illinois (UIUC) Business Measurement Case Development and Research Program and the new KPMG and UIUC Business Measurement Research Program.
Ira Solomon is the R.C. Evans Endowed Chair in Commerce and Head of the Department of Accountancy at the University of Illinois. He earned his Ph.D. from the University of Texas at Austin. Ira has served the AAA and the Auditing Section in many ways. He was an Associate Editor of The Accounting Review and Accounting Horizons, and he has been the Auditing Section's Research Director, Vice-President (Academic), President, and Past-President. Ira is a co-author, with Tim Bell, of Auditing Organizations Through a Strategic-Systems Lens, which received the Joint AAA/AICPA Collaboration Award. Ira has served as Managing Director-Academic for the KPMG/University of Illinois Business Measurement Case Development & Research Program, and he has been received several awards for Outstanding Dissertation Supervision.
Today's award recognizes Tim and Ira's special contributions to innovation in auditing education related to their extensive involvement in the Auditing Organizations Through a Strategic-Systems Lens publication, the subsequent teaching cases that have arisen out of this monograph, and the related research that others have conducted using the cases as a springboard. Tim and Ira's efforts to establish collaboration between auditing professors and accounting practitioners to provide real-life cases for use in auditing classrooms is very valuable and highly unique. We on the committee agree that Tim and Ira's efforts have assisted auditing education uniquely in two ways: (1) directly through the monograph and publication of the cases, and (2) indirectly through the knowledge that has been gained by academics and via subsequent research, which can then be brought back into the classroom. This multi-faceted approach is uniquely their own, and deserves special recognition because of its influence on auditing education for an enormous number of students and academics.
To give you all some idea of the magnitude of Tim and Ira's accomplishments, there have been over 50,000 hard copies distributed and 88,000 downloads of the monograph since 2000, and there have been 8,200 downloads of the case book since 2000. Regarding the cases, there have been 23 projects funded involving 55 faculty at 32 schools. Further, teaching notes have been distributed to faculty at 148 schools in the U.S. and 59 schools overseas. I believe that you will all agree that this is an impressive accomplishment, and I know there are many of you in this room that have benefited personally from the work of Tim and Ira in this regard.
2005 Outstanding Educator Award
Presented by Jean Bedard
I have the honor of announcing the 2005 winner of the Outstanding Educator Award. As stated in the Auditing Section's Operating Manual, this award is given for "exemplary contributions in research or teaching over a sustained period of time (10 to 15 years)". This year, the set of nominees for this award contained a number of very highly distinguished individuals. It was truly a difficult task to choose one from among them. I want to thank the committee (Zoe-Vonna Palmrose, Greg Trompeter, and David Kerr) for their hard work in making this choice.
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The winner of the 2005 Outstanding Educator Award is Steve Albrecht. Steve is currently Associate Dean of the Marriott School of Business at Brigham Young University. Following receiving his Ph.D. at the University of Wisconsin, and a brief stint at the University of Illinois, Steve has spent his entire career at BYU. Steve is especially noted for his leadership in the field of fraud prevention and detection. He has been recognized in so many ways — time only permits mentioning a few selected items here. Among the honors he has received are Outstanding Educator Awards from the American Institute of Certified Public Accountants, the Federation of Schools of Accountancy, and Beta Alpha Psi. He has also received the "Cressy Award", the highest honor bestowed by the Association of Certified Fraud Examiners. In fact, a building is named after him at that Association's World Headquarters. At BYU, Steve has won awards for outstanding teaching, research, AND service! |
Steve has published over 80 journal articles with a primary focus on fraud, in addition to several monographs, textbooks, and book chapters. In selecting Steve, the committee was especially impressed with the way in which his research has influenced his teaching, and his teaching has spread outside the boundaries of the University to the community as a whole. Steve truly exemplifies the best our profession has to offer.
2005 Notable Contribution to the Auditing Literature Award
Presented by Rachel Schwartz
The 2005 Notable Contribution to the Auditing Literature award was presented to Katherine Kadous for her paper "The Effects of Audit Quality and Consequence Severity on Juror Evaluations of Auditor Responsibility for Plaintiff Losses" published in the July 2000 issue of The Accounting Review.
This study demonstrates that jurors are more likely to find an auditor negligent when investors suffer more severe consequences. This finding is important to auditing research because whereas prior research had assumed that standards of care were set ex ante, this study demonstrates that jurors' standards of care for auditors depend on the ex post outcomes of their audit decisions. The 2005 Notable Contribution to the Auditing Literature Award Selection Committee was composed of Rachel Schwartz (Chair), Joanna Ho, William R. Kinney Jr., Steven Salterio, and Donald Tidrick.
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| Rachel Schwartz presented the 2005 Notable Contribution to the Auditing Literature award to Katherine Kadous (Emory University). |