2003 Auditing Section Midyear Conference
 

Program
 

 [Links updated as of 1/15/03]

Thursday, January 16

 

8:00 AM – 5:15 PM

Doctoral Consortium

1:00 PM – 6:00 PM

 

Registration

1:00 PM – 4:00 PM

 

CPE Workshop-

     Speaker: W. Steve Albrecht--Arthur Andersen & Co. Alumni Professor of Accountancy and the Associate Dean of the Marriott School at Brigham Young University

 "Integrating Fraud Topics into Your Curriculum In a Post Enron World"

5:30-7:00 PM

Special Reception for PhD Students

6:30 PM – 9:00 PM

 

Welcome Reception

Friday, January 17

 

7:00 AM – 5:00 PM

 

Registration

7:00 AM – 8:20 AM

 

Continental Breakfast

8:20 AM – 8:45 AM

Welcome

Acknowledgements:

8:45 AM – 9:45 AM

 

Plenary Session:

Speaker: Mary Pat McCarthy, Vice Chair of the Information, Communications & Entertainment line of business at KPMG LLP

9:45 AM – 10:15 AM

 

Break

10:15 AM – 11:45 AM

 

 

Session 1 – Auditor Independence

Moderator: Ted Mock, University of Southern California 

 

     “Executive Officers Affiliations With CPA Firms.”

          Clive Lennox, Hong Kong University

Discussant: Albert L. Nagy, John Carroll University

 

     “Non-Audit Services And Earnings Conservatism.”

          Caitlin Ruddock, University of Technology, Sydney

          Sarah Taylor, University of Technology, Sydney

          Stephen Taylor, University of Technology, Sydney

Discussant: Sudipta Basu, Emory University 

           

10:15 AM – 11:45 AM

 

Session 2- Resolving Client Audit Issues 

Moderator:    Kathryn Kadous, University of Illinois 

 

     “Auditor Negotiations: An Examination Of The Efficacy Of Intervention

      Methods”    

          Ken Trotman, University of New South Wales

          Arnold Wright, Boston College

          Sally Wright, University of Massachusetts Boston

Discussant:  Rich Houston, University of Alabama

 

     “The Impact Of Type Of Corporate Board On Auditors' Program Planning    Judgments And The Resolution Of A Contentious Accounting Issue”

           Jeffrey Cohen, Boston College

          Ganesh Krishnamoorthy, Northeastern University

          Arnie Wright, Boston College

Discussant:  Urton Anderson, University of Texas 

10:15 AM – 11:45 AM

 

Session 3 – Panel#1- Perspectives On Risk Management

Moderator: Morley Lemon, University of Waterloo 

    Panel Members:

    John Fogarty, Deloitte & Touche, Auditing Standards Board, Risk

       Assessment Task Force Chair

    Bill Kinney, University of Texas At Austin

    Ira Solomon, University of Illinois At Urbana-Champaign

    Rick Steinberg, PriceWaterhouseCoopers, Naamsestraat, COSO Enterprise

       Risk Management Framework Project

 

10:15 AM – 11:45 AM

 

Session 4 – Auditor Independence

Moderator: Mark Zimbelman, Brigham Young

     Do Non-Audit Services Affect Investor Judgments? Evidence Using Auditor Fee Proxy Disclosures.”

          Linda Flaming, University of Oklahoma

Discussant: Jim Swearingen, Weber State University

 

     “Does Investor Selection Of Auditors Enhance Auditor Independence?”

          Brian W. Mayhew, University of WisconsinMadison

          Joel E. Pike, University of WisconsinMadison

Discussant:  Ron King, Washington University

 

12:00 AM – 1:00 PM

 

Lunch And Distinguished Service Award And Outstanding Educator Award

1:30 PM – 3:00 PM

 

Business Meeting

3:15 PM – 3:30 PM

 

Break

3:30 PM – 5:00 PM 

 

Session 5- Panel#2- Research Opportunities in Internal Auditing

Moderator:  Audrey Gramling, Georgia State

                                             

     Panel Members: 

     Urton Anderson, University of Texas at Austin

     Andrew Bailey, University of Illinois

     William Kinney, University of Texas at Austin

     Morley Lemon, University of Waterloo

     Jane Mutchler, Georgia State University

     Doug Prawitt, Brigham Young University

     Sri Ramamoorti, Ernst & Young, LLP

     Larry Rittenberg, University of Wisconsin at Madison

     Flemming Ruud, Norwegian School of Management

     Kay Tatum, University of Miami

 

3:30 PM – 5:00 PM 

 

Session 6- Going-Concern Issues

Moderator:  Mark DeFond, University of Southern California

 

     “The Asymmetric Information Content Of Going-Concern Opinions–

       Evidence From Bankruptcy Firms With And Without Prior Distress

       Indicators.” 

          Christine Tan, Baruch College

Discussant: Michael Willenborg, University of Connecticut   

 

     “Corporate Governance Factors And Auditor Going Concern Assessments.”

          Gary Peters, University of Georgia

          Susan Parker, Santa Clara University

          Howard Turetsky, San Jose State University

Discussant: Divesh Sharma, Nanyang Technological University – Singapore 

3:30 PM – 5:00 PM 

 

Session 7— Performance Measures 

Moderator:   Mark Peecher, University of Illinois

“The Balanced Scorecard: The Effects of Assurance and Process Accountability on Managerial Judgment”

Theresa Libby, Wilfrid Laurier University

Steven Salterio, University of Waterloo

Alan Webb, University of Waterloo

Discussant: Anne Farrell, University of Illinois

 

     “Auditors' Performance Evaluations: An Analysis Of Cognitive Tendencies And The Effects Of Time Pressure And Experience In Performance Evaluation”

          Keith T. Jones, Eastern Kentucky University

Discussant:  Arnie Wright, Boston College 

3:30 PM – 5:00 PM 

 

Session 8 – Instructional Cases In Auditing

Moderator: Charlie Cullinan, Bryant College 

 

     “Livent, Inc. An Instructional Case”

          Michael C. Knapp, University of Oklahoma

Carol A. Knapp, University of Oklahoma

Discussant: Gerald Smith, Northern Iowa 

 

“Brown Inc.”

  Jim Martin, University of Montevallo

Discussant:  Carol Knapp, University of Oklahoma    

6:30 PM

Reception Cosponsored by McGraw Hill

 

Saturday, January 18

 

7:00 AM – 3:00 PM

Registration

 

7:15 AM – 8:45 AM

Continental Breakfast

7:45 AM – 8:45 AM

Research and Education Roundtables

 

#1-Reporting, Materiality, Conservatism and Independence:

 

    The Effect of Legal Environment on

  Big Five Auditor Conservatism Around the World.” 

          Alex Nikitkov, University of Missouri-Columbia

          Dechun Wang, University of Missouri-Columbia

          Jere Francis, University of Missouri-Columbia

 

     “Enron’s Effect On CPAs’ Perceptions Of Auditor Independence.”

          Deborah L. Lindberg, Illinois State University

          Frank D. Beck, Illinois State University

 

     “The Effects Of Post-Bankruptcy Financing On Going Concern

      Reporting.”

         Lawrence Abbott, University of Memphis

         Susan Parker, Santa Clara University

         Gary Peters, University of Georgia

#2--Economics of Auditing:

 

     “The Effect Of Fee Dependence On Non-Big 5 Clients’ Abnormal      Accruals.” 

          Ken Reichelt, University of Missouri - Columbia

          Jere Francis, University of Missouri - Columbia

 

     “The Effect Of The Introduction Of Competitive Bidding In The Market  For Audit Services.” 

          Jeff Payne, University of Oklahoma

          Kevan Jensen, University of Oklahoma

         

      “The Market For Lemons In The Audit Profession: An Economic

        Perspective Of Arthur Andersen And The Cost Of Audit Failure.”

          Pamela B. Roush, University of Central Florida

          Linda Thorne, York University

 

#3--Audit Methodology:

 

     “Evaluating The Business-Risk Audit Methodology:  The Influence Of   The Process Focus On Category Knowledge And Judgment During  Internal Control Evaluation.”

          Lori S. Kopp, University of Lethbridge
         Ed O’Donnell,
Arizona State University

 

     “An Analysis of the Fraud Triangle.

          Jerry L. Turner, The University of Memphis

         Theodore J. Mock, University of Southern California

         Rajendra P. Srivastava, University of Kansas

 

     “The Influence Of A Strategic-Systems Lens On Auditor Risk Assessments.”

          Ed O’Donnell, Arizona State University
          Joseph Schultz,
Arizona State University

 

     “Environmental Variables In Strategic Systems Audits: A Regression     Model for Analytical Procedures

          Paul J. Beck, University of Illinois

         Ananda R. Ganguly, University of Illinois

 

#4--Auditor Judgments:

 

     “The Impact Of Qualitative Factors On Auditors Materiality Judgments:  An Analysis Of The Effects Of SAB 99.”

          Patricia Wellmeyer, California State University, Fullerton

          Iris Stuart, California State University, Fullerton

 

     “The Effects Of Immediate Context On Auditors’ Judgments Of Loan

      Quality.”

          Dennis M. O’Reilly, Xavier University

          Robert A. Leitch, University of South Carolina

          Douglas H. Wedell, University of South Carolina

 

#5--Decision Aids and Order Effects:

 

     “Order Effects On Auditor Materiality Judgments: The Impact Of Qualitative Information.”

          Charles A. Brown, Penn State Erie

 

     “An Investigation Of Narratives Versus Questionnaires For Identifying   Internal Control Weaknesses And Strengths With Implications For  Decision Aid Effectiveness.”

           James Lloyd Bierstaker, University of Massachusetts-Boston

           Jay C. Thibodeau, Bentley College

 

     “Directing Decision Aid Outcomes Toward Prior Beliefs.”

          Darryl J. Woolley, University of Colorado at Denver

 

     “Experience Effects On Professional Accountant’s Use And Acceptance Of Knowledge-Based Systems Explanations.”

          Vicky Arnold, University of Connecticut and University of

          Melbourne

          Nicole Clark, University of Tasmania

          Philip A. Collier, University of Melbourne

          Stewart A. Leech, University of Melbourne

          Steve G. Sutton, University of Connecticut and University of

          Melbourne.

 

#6--Audit Education:

     “The Enron Debacle: More Than A Perfect Storm.”

           Alan Reinstein, Wayne State University

          Jeffrey J. McMillan, Clemson University

 

     “Arthur & Joe:  An Instructional Case Focusing On The Life And Times  Of Arthur Andersen & Co.”                      

          Michael C. Knapp, University of Oklahoma

         Carol A. Knapp, University of Oklahoma

 

     “Instructional Case: St. Patrick Company: Using Role Play To Examine  Internal Control And Fraud Detection Concepts.”

          Diane Janvrin, Iowa State University

 

     “Career Opportunities, Work/Life Balance And Gender: An Empirical    Observation Of Students’ Perceptions About Entering And Leaving Public Accounting.”

          Jay C. Thibodeau, Bentley College   

         Catherine Usoff, Bentley College

 

8:45 AM – 10:15 AM

Session 9 – Special Plenary Session Panel – What Lessons Have We Learned Over The Past Year And Where Do They Lead Us?

Moderator:  Bob Ramsay, University of Kentucky

     Panel Members:

     William R. Kinney, Charles & Elizabeth Prothro Regents Chair in Business and Price Waterhouse Fellow in Auditing.  Director, Center for Business Measurement and Assurance Services, University of Texas at Austin

     Charles H. Noski, Vice Chairman of the Board of AT&T Corporation

     Aulana L. Peters, Partner (retired) Gibson, Dunn & Crutcher

 

10:15 AM – 10:45 AM

Break

10:45 AM – 12:15 PM

Session 10 –Audit Fees

Moderator: Debra Jeter, Vanderbilt  

     “A Longitudinal Investigation Of The Audit And Non-Audit Service        Fee Markets.” (1984-1999)

         Elizabeth Carson, University of New South Wales

         Roger Simnett, University of New South Wales

         Billy Soo, Boston College

         Arnold M. Wright, Boston College

 

Discussant:  Chris Hogan, South Methodist 

 

     “The Pricing Of Assurance Risk In Secondary Equity Offerings.”

          Michael Wilkins, Texas A&M University

          Brian Mayhew, University of WisconsinMadison

          Neil Fargher, University of NSW

Discussant: Bob Tucker, Fordham University 

 

10:45 AM – 12:15 PM

Session 11 – Conceptual Papers: Future Directions Of The Auditing Profession

Moderator: Liz Payne, Xavier University

     “A Proposed Conceptual Framework For Assurance.”

Jim Rebele, Lehigh University

Discussant: Lyn Graham, BDO Seidman 

 

     “Aligning Auditor Materiality Choice And The Needs Of A Reasonable  Person.”

          Jerry L. Turner, University of Memphis

Discussant: Roger Martin, Indiana University  

10:45 AM – 12:15 PM

 

Session 12 – Fraud 

Moderator: Jordan Lowe, University of NevadaLas Vegas

 

     “The Role Of Experience In Professional Skepticism, Knowledge Acquisition, And Fraud Detection.”

           Tina Carpenter, Florida State University

           Cindy Durtschi, Florida State University

           Lisa Milici Gaynor, Georgetown University

Discussant: Jackie Hammersley, University of Illinois                                                          

 

     “The Effects Of A Fraud-Triangle Decomposition Of Fraud Risk   Assessments On Auditors' Sensitivity To Incentive And Opportunity Cues.”

           T. Jeffrey Wilks, Brigham Young University

           Mark F. Zimbelman, Brigham Young University

Discussant:  Todd DeZoort, University of  Alabama

10:45 AM – 12:15 PM

Session 13 – Panel – Communicating and Disseminating Research Results

Moderator: Rajib Doogar, University of Illinois At Urbana-Champaign

     Panel Members:

Lawrance Evans, General Accounting Office

Karen Nelson, Stanford University

Lynn Turner, Colorado State University

TBA, Media/Communications

12:15-1:15

Lunch and Notable Contributions to Literature, Doctoral Dissertation, and Innovation in Auditing and Assurance Education Awards

1:30-3:00

Session 14 – Auditor Choice And IPOs

Moderator: Karl Hackenbrack, University of Florida Visiting Vanderbilt University 

 

     “Do Expert Informational Intermediaries Add Value? Evidence From      Auditors In Microcap Initial Public Offerings.”

          Michael Willenborg, University of Connecticut

          Joseph Weber, Massachusetts Institute of Technology

Discussant: Dan Simunic, University of British Columbia

 

     “Auditor Choice And The Cost Of Debt Capital For Newly Public  Firms.” 

          Steve Fortin, McGill University

Jeffrey Pittman, Memorial University of Newfoundland

         

Discussant: Billy Soo, Boston College

           

1:30-3:00

Session 15– Audit Risk Judgments 

Moderator:  Ganesh Krishnamoorthy, Northeastern University

 

     “Experimental Tests Of A Descriptive Theory Of Auditee Rick Assessment.”

          Scott D. Vandervelde, University of South Carolina

          Richard M. Tubbs, University of Iowa

          Albert Schepanski, University of Iowa

          William F. Messier Jr., Georgia State University

Discussant:  Natalia Kotchetova, University of Waterloo                                                         

 

      “Systems Risk Factors, Risk Assessments And Audit Planning        Decisions.”

          Jean C. Bedard, Northeastern University

          Cynthia Jackson, Northeastern University

          Lynford Graham, BDO Seidman

Discussant:  James Bierstaker, University of Massachusetts- Boston

   

1:30 PM – 3:00 PM

Session 16-Auditor Quality

Moderator:  Alan Reinstein, Wayne State University

 

     “Auditor Industry Specialization And Fraudulent Financial Reporting.”

          Joseph V. Carcello, University of Tennessee

          Albert L. Nagy, John Carroll University

Discussant: K. Raghunandan, Texas A&M International University 

 

     “Differences In Audit Quality Between Audit Firms: The Impact Of     Audit-Firm Portfolio Characteristics.”

          Ann Gaeremynck, Catholic University Leuven

         Sofie Van Der Meulen, Catholic University Leuven

         Marleen Willekens, Catholic University Leuven

Discussant: Clive Lennox, Hong Kong University 

 

 

1:30 PM – 3:00 PM

Session 17 – Audit Markets

Moderator:  Linda McDaniel, University of Kentucky  

 

     “Audit Markets And Legal Environments: An International Investigation.”

           Jong Hag Choi, Hong Kong University Of Science And Technology

           T.J. Wong, Hong Kong University Of Science And Technology.

Discussant: Dick Riley, University of West Virginia

 

     “Practice Diversification By Large Audit Firms.” 

          Rajib Doogar, University of Illinois At Urbana-Champaign

          George Deltas, University of Illinois At Urbana-Champaign

Discussant: Kevan Jensen, University of Oklahoma

3:00-3:30 PM

Break

3:30-5:00 PM

Session 18 –Information Search & Processing 

Moderator: Vicky Arnold, University of Connecticut 

 

     “The Impact Of Accountability On Auditors' Processing Of Nondiagnostic Evidence.”

          Michael Favere-Marchesi, Simon Fraser University

          Karen V. Pincus, University of Arkansas

Discussant:  Brian Ballou, Auburn University

 

     “Factors Affecting Auditors' Use Of Confirmatory Search Strategies.”

           John T. Reisch, East Carolina University

           Robert A. Leitch, University of South Carolina

Discussant:  Christine Earley, University of Connecticut

3:30-5:00 PM

Session 19- Auditor Reporting

Moderator:   Jane Mutchler, Georgia State University

                                                           

     “Market Response To Auditor's Reports: A Reexamination Of Auditor   Materiality Thresholds”

          Shawn M. Davis, Georgia State University

Discussant:  Brian Mayhew, University of Wisconsin

 

     “Effectively Communicating Moderate Levels Of Assurance”

          Mahreen Hasan, University of New South Wales

          Peter Roebuck, University of New South Wales

          Roger Simnett, University of New South Wales

Discussant:  Lisa Gaynor, Georgetown University

3:30-5:00 PM

Session 20 – Panel –Audit/Assurance Education For Career Success

Moderator:  Don Tidrick, Northern Illinois University

 

Panel Members:

Rich Simitian, Grant Thornton, Audit Department Head for the Southern California Practice

Diane Featherstone, VP & General Auditor for Edison International

Tim Lovoy, Deloitte and Touche, Assurance Partner

 

3:30-5:00 PM

Session 21 Corporate Governance

Moderator:  Larry Rittenburg, University of Wisconsin

 

     “Audit Committee Composition and Shareholder Voting on Auditor

       Ratification.”

           K. Raghunandan, Texas A&M International University

           D. Rama, Texas A&M International University

Discussant: Mark Beasley, North Carolina State

     “The Relation Between Corporate Governance Strength and Fraudulent  Financial Reporting: Evidence from SEC Enforcement Cases.” 

          Deborah S. Archambeault, University of Albany- SUNY.

Discussant: Terry Neal, University of Kentucky

 

5:15-7:00 PM

Closing Reception, Sponsored by University of Southern California