The Auditing Section's Notable Contribution to the Auditing Literature Award recognizes a published work of exceptional merit that has made, or has the potential to make, a direct contribution to auditing or assurance research, education, and practice.
The Notable Contribution to the Auditing Literature Award Committee this year consisted of Rich Houston, University of Alabama, Jordon Lowe, Arizona State University, Kenny Reynolds at Florida State University, and David Williams at Ohio State as Committee Chair. As Chair, I want to acknowledge and thank the members of the committee for their efforts in the difficult decision process associated with making this award. Five nominations for the award were received, and the winner was:
Jeffrey Cohen, Ganesh Krishnamoorthy, Arnold Wright, “Corporate Governance and the Audit Process” (Contemporary Accounting Research, 2002)
This paper was among the first to do an in-depth analysis of corporate governance, an emerging area that has produced a significant and meaningful field for auditing researchers. In addition, the area of corporate governance is of major importance to the profession as well as regulators. The manuscript relied on semi-structured interviews of auditors, which provided insights into actual management decisions dealing with important topics such as audit risk assessments, new client acceptance decisions, and the auditor’s view of the audit committees’ role in establishing strong governance mechanisms. With over 200 citations, this manuscript was considered to make a lasting contribution to the area of auditing research.