Concurrent Sessions Schedule
American Accounting Association

1999 Annual Meeting
San Diego, California

Monday, August 16 (1:45 pm–3:15 pm)

Session Title: Experimental Economics
Moderator: Brian Ballou, Auburn University

An Experimental Investigation of Retention and Rotation Requirements. Rachel Schwartz, Nick Dopuch, and Ron King, all of Washington University

Negotiation of Audit Litigation Settlements: An Experimental Study of the Impact of Reputational Concerns. Susan McCracken, University of Toronto

An Analysis of Settlement and Merit Under Federal Law: What Will Be the Effect of the Reform of 1995? Ron King and James Holloway, both of Washington University, and Daniel Ingberman, LECG, Inc.

Discussant: Bob Tucker, University of Illinois at Urbana–Champaign

Monday, August 16 (3:45 pm–5:15 pm)

Session Title: Audit Pricing
Moderator: David Satava, University of Houston–Victoria

Auditor Independence and Fee Dependence. Allen Craswell, University of Sydney, Janet Laughton, University of Southern Queensland, and Donald Stokes, University of Technology, Sydney

The Contribution of Internal Audit as a Determinant of External Audit Fees and Factors Influencing This Contribution. William L. Felix, Jr., University of Arizona, Audrey A. Gramling, Wake Forest University, and Mario J. Maletta, Northeastern University

Pricing Service Quality in Audit Engagements. Allen Craswell and David Peiris, both of the University of Sydney

Discussant: Dan Simunic, University of British Columbia

Tuesday, August 17 (10:30 am–Noon)

Session Title: Auditor Reporting
Moderator: Alan Reinstein, Wayne State University

Modified Audit Reports, Executive Compensation, and CEO Turnover. Clive Lennox, University of Bristol

Going-Concern Initial Public Offerings. Michael Willenborg, University of Connecticut, and James McKeown, Penn State University

Market Differentiation of Subsequently Bankrupt and Viable Companies: An Analysis of First-Time Going-Concern Report Recipients. Marshall Geiger, University of Rhode Island, and Allen Blay, University of Florida

Discussant: Dave Williams, Ohio State University

Session Title: Auditor Choice
Moderator: Richard Riley, West Virginia University

The Association Between External Monitoring and Earnings Management in the Property-Casualty Insurance Industry. Jennifer J. Gaver, University of Georgia and Jeffrey S. Paterson, Florida State University

Disclosure Quality and Auditor Choice. Kimberly A. Dunn, Baruch College–CUNY, Brian W. Mayhew, Georgia State University, and Suzanne G. Morsfield, Baruch College–CUNY

Auditor Choice and Retained Ownership in the Market for New Issues: Experimental Evidence. Galen Sevcik, Brian Mayhew, both of Georgia State University, and Jeff Schatzberg, University of Arizona

Discussant: Jeff Payne, University of Mississippi

Tuesday, August 17 (1:45 pm–3:15 pm)

Session Title: Audit Quality
Moderator: Krishna R. Kumar, The George Washington University

The Association Between Audit Quality and Firm Specific Risk. Philip Lee, University of Sydney, Donald Stokes, University of Technology, Sydney, and Stephen Taylor, University of Sydney

The Determinants and Implications of Audit Quality: A Self-Selection Analysis from the U.S. Credit Union Industry. Elizabeth Keating, Northwestern University

Improved Auditor Independence and the Flight from Audit Quality: Evidence from China. Mark L. DeFond, University of Southern California, T. J. Wong, Hong Kong University of Science and Technology, and Shuhua Li, Shanghai University

Discussant: Jere Francis, University of Missouri–Columbia

Session Title: Audit Process
Moderator: Cathleen L. Miller, University of Michigan–Flint

The Effects of Gender and Task Complexity on Information Processing Effort During Planning Analytical Procedures. Ed O’Donnell, Arizona State University and Eric Johnson, University of Texas at Arlington

Risk Reduction and the Audit Review Process: The Interaction of Review Hierarchy, Team Processing, and Industry Specialization. Vincent Owhoso, Bentley College, William F. Messier, Georgia State University, and John G. Lynch, Duke University

An Empirical Investigation of the Relation Between Risk Assessments, Sample Sizes, and Error Detection. Robert Allen, University of Utah and Randal J. Elder, Indiana University

Discussant: Arnold Schneider, Georgia Institute of Technology

Tuesday, August 17 (3:45 pm–5:15 pm)

Session Title: Panel Session: Fraudulent Financial Reporting, 1987–1997: An Analysis of U.S. Public Companies
Panelists:

Mark S. Beasley, North Carolina State University, Co-Researcher
John J. Flaherty, Chairman—Committee of Sponsoring Organizations of the Treadway Commission
Dana R. Hermanson, Kennesaw State University, Co-Researcher
Lynn Turner, Chief Accountant, U.S. Securities and Exchange Commission

Wednesday, August 18 (10:30 am–Noon)

Session Title: Corporate Governance
Moderator: Bill Thomas, Baylor University

Audit Committee Composition and Member Experience: An Agency Cost Analysis. Mark S. Beasley, North Carolina State University and Steve Salterio, University of Waterloo

Auditor Selection and Audit Committee Characteristics. Lawrence S. Abbott, University of Memphis and Susan Parker, Santa Clara University

Auditor Choice: The Role of Interlocking Directorates. Christine Jubb and Keith Houghton, both of the University of Melbourne

Discussant: Terry Neal, University of Kentucky

Session Title: Panel Session: Internal Auditing—Visioning the Future
Panelists:

Jack Krogstad, Creighton University, Director of Research for the Institute of Internal Auditor’s Guidance Task Force
Ronald Isyk, Deloitte & Touche
Larry Rittenberg, University of Wisconsin–Madison, Member of the Institute of Internal Auditor’s Guidance Task Force
Anthony Ridley, Former General Auditor at Ford Motor Co., Chairman of the Institute of Internal Auditor’s Guidance Task Force

Wednesday, August 18 (1:45 pm–3:15 pm)

Session Title: Audit Planning
Moderator: Heather Hermanson, Kennesaw State University

The Effects of Fee Pressure and Partner Pressure on Audit Planning Decisions. James L. Bierstaker, University of Massachusetts Boston and Arnold Wright, Boston College

The Impact of Internal Auditor Role and Compensation on External Auditors’ Planning Judgments and Decisions. F. Todd DeZoort, University of South Carolina, Richard W. Houston, University of Alabama, and Mike Peters, University of Maryland

Evaluating Audit Risk: The Effects of Industry Characteristics, Experience, and Tolerance-for-Ambiguity. Robert W. Rutledge, Monmouth University, and Bilal Makkawi, Morgan State University

Discussant: Jean Bedard, Northeastern University

Session Title: Audit Pricing: Theory and Evidence
Moderator: Jack Kiger, University of Tennessee

Market Concentration, Price Competition, and Audit Fees: Evidence from the Ontario Municipal Audit Market. Sati P. Bandyopadhyay, University of Waterloo and Jennifer Kao, University of Alberta

Agency Costs, Audit Pricing, and Auditor Switches. Florin Sabac and Dan Simunic, both of the University of British Columbia

Production Efficiency and the Pricing of Audit Services. Michael Stein, University of Calgary, Nicholas Dopuch, Mahendra Gupta, both of Washington University, and Dan Simunic, University of British Columbia

Discussant: Phillip Stocken, University of Pennsylvania

FORUM PAPERS

Wednesday, August 18 (1:45 pm–3:15 pm)

Auditor Resignations vs. Dismissals: An Examination of the Differential Effects on Market Liquidity and Trading Activity. K. K. Raman, University of North Texas and Jeff P. Boone, Mississippi State University

Human Capital and Legal Liability Reform in the Audit Market. Chiawen Liu, Yuan Ze University, Chi-Wen Jevons Lee, Tulane University, and Taychang Wang, National Taiwan University

Audit Firm Size and Social Responsibility: An Examination of Criteria Influencing the Going-Concern Opinion Decision. Asokan Anandarajan and Gary Kleinman, both of the New Jersey Institute of Technology

Exploring Collusion through Consolidation of Positions, Duties, and Controls as a Factor in Financial Statement Fraud. Brian P. Green, University of Michigan–Dearborn and Thomas G. Calderon, University of Akron

An Analysis of the Market Power versus Efficiency Effects of the 1989 Accounting Firm Megamergers. Susan H. Ivancevich, University of Tampa and Asghar Zardkoohi, Texas A&M University

Audit Committees, Corporate Governance, and Auditor Litigation. Young Park, University of Illinois at Chicago

Growth Opportunities, Dividend Payments and Audit Prices. Ferdinand A. Gul, City University of Hong Kong

Audit Report Lag: A Cycle Time Perspective. James L. Dodd and John G. Wermert, both of Drake University, and Thomas A. Doucet, Bowling Green State University

Commercialism vs. Professionalism: The Effect of Non-Audit Services on Audit Independence. Divesh Sharma, Griffith University

Corporate Governance and the Audit Process: Beyond the Audit Committee. Ganesh Krishnamoorthy, Jeff Cohen, and Arnie Wright, all of Boston College

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