Practice Advisory Council

Research Initiative Decisions Announced

The Auditing Section's Practice Advisory Council has selected two research proposals to support by providing participants from their firms. Participants will be provided jointly by several firms to Vicky Hoffman (University of Pittsburgh) and Mark Zimbelman (Brigham Young University), for their research on improving fraud detection. Also, participants from KPMG LLP will be provided to Christine Earley (University of Connecticut) and Jennifer Joe (Georgia State University) for their proposed research on classifying internal control weaknesses.

A two-stage process was used to make these decisions. A Task Force composed of PAC members and senior academic researchers initially screened all submissions, and the entire Practice Advisory Council made the final decisions. The PAC hopes to have another such initiative in upcoming years. However, because of the high demands on professional auditors' time imposed by Sarbanes-Oxley requirements during the current busy season, the next call for proposals with probably be made in early 2006.

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