CPE Session
Using Real Audit Simulation to Learn the New Risk Assessment Auditing Standards No. 104-111

Concurrent Sessions

Session 1: Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: Don Furman, State University of New York at New Paltz

Explaining the Surprising Performance of Whisper Forecasts of Earnings
Susan Machuga, University of Hartford; Karen Teitel, College of the Holy Cross and Ray Pfeiffer, University of Massachusetts
Discussant: TBA

How Do Target Firms and the Market react to Hostile M&A Attempts when the M&As Are Cancelled?
David G. Harris and Sang Hyun Suh; Syracuse University
Discussant: Gulraze Wakil, Kent State

Balancing Financial and Nonfinancial Performance Measures in a Multiperiod Setting: A Value-added Measure
Holly Hanson Johnston, University of Massachusetts - Boston and Alison Kirby Jones, Boston University
Discussant: Don Furman, State University of New York at New Paltz

Session 2: Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: Sally Schultz, State University New York at New Paltz

Does the Market Value Toxic Release Inventory Information?
Elizabeth Connors and Lucia Silva-Gao; University of Massachusetts – Boston
Discussant: TBA

Why do Firms Undertake Accelerated Share Repurchase Programs?
Thomas J. Chemmanur, Yingmei Cheng and Tianming Zhang, Florida State
Discussant: Seong-Yeon Cho, Oakland University

Equity versus Fair Market Value Method for the Carrying Value of Investments in Common Stock: An Exploratory Study
Richard A. Bernardi, Michael R. Melton and Megan Williams; Roger Williams University
Discussant: Sally Schultz, State University New York at New Paltz

Session 3 Public Interest
Regulatory Ethics— Advanced— 1.5 CH
Moderator: Michael Kraten, Suffolk University

Microanomie as an Explanation of Tax Fraud: A Preliminary Investigation
James J. Donegan and Michele W. Ganon; Western Connecticut State University
Discussant: Carol Hartley, Providence College

The Ethics of Earnings Management: Perceptions Post-Sarbanes-Oxley
Lawrence P. Grasso and Patricia A. Tilley; Central Connecticut State University
Discussant: Michele W. Ganon, Western Connecticut State University

A Study of the Association between Corporate Fraud and the Resources Provided to Fraud Investigative Agencies of United States Federal Government
Ryan Seymour and Joan Van Hise, Fairfield University
Discussant: Carol Hartley, Providence College

Session 4 Tax Accounting
Taxes— Advanced— 1.5 CH
Moderator: TBA

Decision Processes of Married Couples in the Tax Setting
Carol Fischer, St. Bonaventure University
Timothy J. Rupert, Northeastern University and Martha Wartick, University of Northern Iowa
Discussant: Anne L. Jones, University of Massachusetts – Boston

The Application of Material Participation Standards under I.R.C. Section 469 to Nongrantor Trusts
Donald T. Williamson, American University and A. Blair Stanley, Bloomsburg University of Pennsylvania
Discussant: Patricia Nodoushani, University of Hartford

Tax Relief, or Lack Thereof, for the Sandwich Generation
Cynthia Blanthorne and Mark Higgins; University of Rhode Island
Discussant: Diana Falsetta, University of Miami

Session 5 Teaching
Accounting— Advanced— 1.5 CH
Moderator: Donald F. Arnold, Union Graduate College

Bringing Interactive Games Technology to an Auditing Course: Overall Benefit and Innovation
John A. Schatzel, Stonehill College
Discussant: TBA

Using the Value Chain to Enhance Financial Statement Analysis Projects
Anne Rich and Jane Stoneback; Central Connecticut State University
Discussant: TBA

The Impacts of Professional Estimation, Assumptions, and Judgments on Financial Reporting: A Teaching Exercise
Bruce L Oliver, Rochester Institute of Technology
Discussant: TBA

Session 6
Auditing— Advanced— 1.5 CH
Moderator: TBA

Audit Firm Selection and Hedge Fund Characteristics
Raj Gupta, University of Massachusetts - Amherst and Janie Casello Bouges, University of Massachusetts - Lowell
Discussant: James B. Heian, Utica College

Fiscal Year Ending, SOX, and Scope-Changing Auditor Switches
Nancy Chun Feng, Boston University
Discussant: TBA

Session 7 International (Accounting) (Advanced) 1.5 credit hr
Accounting— Advanced— 1.5 CH
Moderator: TBA

The Impact of fiscal support on earnings management Evidence from equity offerings in China
Guanming He, Nanyang Technological University, Singapore and Phyllis Lai-Lan Mo, Lingnan University, Hong Kong
Discussant: Robert G. Rambo, Providence College

Optimistic Bias in Management Forecasts by Japanese Firms to Avoid Forecasting Losses
Myojung Cho, Fordham University; Young D. Hah, Waseda University and Oliver Kim, University of Maryland
Discussant: Robert G. Rambo, Providence College

Session 8 Grant Thorton
Regulatory Ethics— Advanced— 1.5 CH
TBA

Session 9 XBRL Workshop
Computer Science— Advanced— 1.5 CH

Clinton (Skip) White, Jr., University of Delaware

Concurrent Sessions

Session 10 Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: TBA

Revenue Recognition and Investors' Valuation of Deferred Revenues
Rachna Prakash, College of William and Mary and Nishi Sinha, Boston University
Discussant: Tianming Zhang, Florida State

Intraday Price Discovery Following Stale News
Ariel Markelevich, Long Island University - C.W. Post Campus and Howard Nemiroff, Carleton University
Discussant: Paul Goodchild, University of Massachusetts – Amherst

Do CEOs and CFOs Have Different Information Sets? Evidence from Insider Trades
Weimin Wang, Saint Louis University; Yong-Chul Shin, University of Massachusetts – Boston and Bill B. Francis, Rensselaer Polytechnic Institute
Discussant: Tianming Zhang, Florida State

Session 11 Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: TBA

R&D Investment around CEO Turnover
Jing (Crystal) Xu, Boston University
Discussant: Meng Yan, Fordham University

Autocorrelation and Stock Price Forecasts: An Implementation of the Residual Income Model
Huong N. Higgins, Worcester Polytechnic Institute
Discussant: Stefan Henschke, University of Cologne

Accounting for Uncertainty and Dream Value of Technological R & D
Shahzadah Jehan, Ritsumeikan Asia Pacific University and S. Q. Jehan, University of Antwerp
Discussant: TBA

 
Session 12 Public Interest
Regulatory Ethics— Advanced— 1.5 CH
Moderator: Kate Jelinek, University of Rhode Island

Dual-Class Ownership Structure and Real Activities Manipulation
Pavinee Manowan, Boston University
Discussant: James J. Donegan, Western Connecticut State University

Institutional Ownership Composition and Earnings Management
Alex Liang, Harvard University and Ling Lin, Boston University
Discussant: Kate Jelinek, University of Rhode Island

The Effect of Managerial Ownership on Earnings Management
Ling Lin, Boston University
Discussant: Susan F. Havranek, LeMoyne College

Session 13 Panel: Ethics and Taxation
Regulatory Ethics— Advanced— 1.5 CH
Moderator: Brigitte W. Muehlmann, Suffolk University

Joan Hollister, State University of New York at New Paltz
Rob Walsh, University of Dallas and Don Furman, State University of New York at New Paltz

Session 14 Virtual Reality as a New Medium of Communication: Business Globalization and Social Presence Effects
Social Environment of Business— Advanced— 1.5 CH

Michael Kraten, Suffolk University

Session 15 Auditing
Auditing— Advanced— 1.5 CH
Moderator: Victoria Shoaf, St. John’s University

Auditor Conservatism after Enron: Is It Sustainable?
Dorothy A. Feldmann and William J. Read; Bentley College
Discussant: Donald F. Arnold, Union Graduate College

Impact of Organizational and National Culture on Auditors’ Ethical Evaluation and Intention to Act Decisions
Breda Sweeney, National University of Ireland; Donald F. Arnold, Union Graduate College and Bernard Pierce, Dublin City University
Discussant: Victoria Shoaf, St. John’s University

Session 16 Deloitte & Touche: IFRS Update
Accounting— Advanced— 1.5 CH
Moderator: TBA

Session 17 PricewaterhouseCoopers Boot Camp
Accounting— Advanced— 1.5 CH
TBA

Session 18 Public Interest
Regulatory Ethics— Advanced— 1.5 CH
Moderator: Patrick Kelly, Providence College

Control of Voting Systems as seen through a COSO Lens
Graham Gal and Richard J. Asebrook; University of Massachusetts - Amherst
Discussant: TBA

Board of Director Characteristics and Earnings Management
Mohammad Reza Nikbakht and Seyed Aziz Seyedy; University of Tehran, Iran
Discussant: Patrick Kelly, Providence College

Governance and Control Issues in Public School Districts: An Analysis of Audits by the New York State Comptroller
Ronald J. Huefner, State University of New York at Buffalo
Discussant: Frederick Faerber, Roger Williams University

Concurrent Sessions

Session 19 Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: Anne L. Jones, University of Massachusetts – Boston

Does the restatement disclosure venue matter? A study of determinants and market reaction
Afshad J. Irani and Le (Emily) Xu; University of New Hampshire
Discussant: Erin A. Moore, Lehigh University

Voluntary Expensing of Employee Stock Options and the Level of Accounting Conservatism
Gulraze Wakil, Kent State University
Discussant: Kelly McKillop, University of Massachusetts – Amherst

Managerial Discretion, Pension Accounting, and Market Efficiency
Erin A. Moore, Lehigh University
Discussant: Anne L. Jones, University of Massachusetts – Boston

Session 20 Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: Karen Teitel, College of the Holy Cross

Capital Structure and Employee Pay: An Empirical Analysis
Thomas J. Chemmanur; Yingmei Cheng and Tianming Zhang; Florida State University
Discussant: Haijiang Shi, University of Massachusetts – Amherst

The Information Content of Stock Dividend Announcements: Theory and Evidence on the Retained Earnings Hypothesis
Seong-Yeon Cho, Oakland University and Kevin D. Sachs, Hofstra University
Discussant: Sylwia Gornik-Tomaszewski, St. Johns’ University

How Timely are Earnings when Costs are Sticky? Implications for the Link between Conditional Conservatism and Cost Stickiness
Carsten Homburg, Julia Nasev and Albertus-Magnus-Paltz; University of Cologne, Germany
Discussant: Karen Teitel, College of the Holy Cross

Session 21 Public Interest
Behavioral Ethics— Advanced— 1.5 CH
Moderator: TBA

Risk-shifting in corporate pension plans: an analysis of pension plan investments in alternative assets
Divya Anantharaman, Columbia University
Discussant: TBA

Slavery and Emancipation in Rural New York: Evidence from 19th Century Accounting Records
Joan Hollister and Sally M. Schultz; State University of New York at New Paltz
Discussant: Judith M. Morse, Providence College

An Accounting Solution to the Health Care Crisis
Philip F. Jacoby and Brent T. McCallum; American University
Discussant: Charles P. Cullinan, Bryant University

Session 22 Tax
Taxes— Advanced— 1.5 CH
Moderator: Richard A. Bernardi, Roger Williams University

Improving Tax Compliance Attitudes and Behavior through Choice and Goal Congruency
Diana Falsetta, University of Miami; Brad A. Schafer, University of South Florida and Jennifer Kahle Schafer, University of South Florida
Discussant: Michaele Morrow, Northeastern University

Research methods in taxation: developing the Defining Issues Test (DIT) for a tax specific scenario
Elaine Doyle, University of Limerick; Jane Frecknall-Hughes, The Open University and Barbara Summers, Leeds University
Discussant: Richard A. Bernardi, Roger Williams University

Session 23 Teaching
Taxes— Advanced— 1.5 CH
Moderator: Paul H. Mihalek, Central Connecticut State University

Incorporating International Issues into the Introductory Tax Class
Timothy J. Rupert, Timothy A. Gagnon and Paul Oliveira; Northeastern University
Discussant: Paul H. Mihalek, Central Connecticut State University

Tax Research Project
Monique Durant, Anne J. Rich and Judith C. Walo; Central Connecticut State University
Discussant: John McQuilkin, Roger Williams University

Encouraging Undergraduate Research
Susan B. Anders, St. Bonaventure University; Steven C. Hall, University of Nebraska – Kearney; Barbara W. Scofield, University of Dallas and Robert J. Walsh, University of Dallas
Discussant: Ronald J. Huefner, State University of New York at Buffalo

Session 24 Audit
Auditing— Advanced— 1.5 CH
Moderator: Richard J. Asebrook, University of Massachusetts - Amherst

Intra-Non-Big 4 Auditor Quality
Ross D. Fuerman and Michael Kraten; Suffolk University
Discussant: Richard J. Asebrook, University of Massachusetts - Amherst

The Effects of Internal Control Quality, CFO Characteristics, and Board of Director Strength on CFO Annual Compensation
Udi Hoitash, Rutgers University; Rani Hoitash, Bentley College and Karla M. Johnstone, University of Wisconsin – Madison
Discussant: Bobby Duron, Husson University

Session 25 International
Accounting— Advanced— 1.5 CH
Moderator: Joan VanHise, Fairfield University

Auditor-Specific and Stock-Exchange-Listing Differences in Clients’ Website Disclosures of Codes of Ethics
Richard A. Bernardi and Catherine C. LaCross; Roger Williams University
Discussant: Joan VanHise, Fairfield University

Auditor’s Reputation, Shareholder Composition and Firm Size: The Japanese Case
Fumiko Takeda, University of Alberta and Shingo Numata, University of Tokyo
Discussant: Nancy Feng, Boston University

Session 26 Panel: Assessment
Personal/HR— Advanced— 1.5 CH
Moderator: Victoria Shoaf, St. John’s University

Henry Schwarzbach, University of Rhode Island
Elizabeth Venuti from Hofstra
Jane Mooney from Simmons

Session 27 Panel
Business Management and Organization—Advanced—1.5 CH
Moderator: Alan Reinstein, Wayne State University

Suggesting Approaches for Metropolitan, Regionally-Focused Accounting Units to Thrive in the 21st CenturyBruce (Harv) Busta, St. Cloud State University; R. Bruce Cole, Virchow, Krause & Company and Miles Mooney, PricewaterhouseCoopers

Business Meeting/Breakfast

Research Forum
Accounting— Advanced— 1.5 CH

Impact of SOX on Companies in the Petroleum-Refining Industry
C. Terry Grant and Walter W. Austin; Mercer University

A Synergistic Approach to Planning and Control Using a Stakeholder Based Strategy
George Joseph and Stephen Collins; University of Massachusetts - Lowell

Adoption of IFRS in the U.S.: Are Preparers Ready?
Jacqueline E. O’Neill and Dawn W. Massey; Fairfield University

Using Cost-Benefit Considerations to Evaluate Textbook Costs: A Case Study
Robert T. Morton and Dawn W. Massey; Fairfield University

Restricted Stock Awards: The New (Old) Compensatory Tool
Nina T. Dorata and Conor Nugent; St. John’s University

Understanding, Calculating and Communicating Time-Value
James B. Heian and Zhaodan Huang; Utica College

A Business Curriculum for a Non-Business School: The Case of a Technology-Intensive University
Huong N. Higgins, Worcester Polytechnic Institute

Municipalities’ Defined-Benefit Pension Plans May Not Be Adequately Funded
Paul H. Mihalek, Central Connecticut State University; Marie Kulesza, University of Hartford and Milo W. Peck, Fairfield University

Earnings Management in the US Banking Industry
Arthur Wharton, Morgan State University

Concurrent Session

Session 28 Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: Yvette Lazdowski, Plymouth State College

Cover Me: Managers’ Response to Decreases in Analyst Coverage
Divya Anantharaman and Yuan Zhang; Columbia University
Discussant: Jing (Crystal) Xu, Boston University

Financial Reporting and Control Deficiencies in an IT Environment
Fatima Alali, California State University, Fullerton; Gerry H. Grant, California State University, Fullerton and Karen C. Miller, Union University
Discussant: Yvette Lazdowski, Plymouth State College

Session 29 Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator: Jane Mooney, Simmons College

Interest Rate Swaps: Finance and Accounting Considerations
Atreya Chakraborty and Thomas J Hogan; University of Massachusetts - Boston
Discussant: TBA

Valuation Anchors and Premium Multiples
John O’Hanlon, Lancaster University; Ken Peasnell, Lancaster University and Bill Peng, University of Exeter
Discussant: Jane Mooney, Simmons College

Session 30 Public Interest
Behavioral Ethics— Advanced— 1.5 CH
Moderator: Bruce L Oliver, Rochester Institute of Technology

Does Female Representation on Boards of Directors Associate with the ‘Most Ethical Companies’ List?
Richard A. Bernardi, Susan M. Bosco and Veronica Columb; Roger Williams University
Discussant: TBA

Ethical Leaders in Accounting
Patrick Kelly and Christine Earley; Providence College
Discussant: Bruce L Oliver, Rochester Institute of Technology

Session 31 Tax
Taxes— Advanced— 1.5 CH
Moderator: Barry Borden, University of Hartford

Why do States Choose Not to Follow Federal Tax Legislation and Does it Matter?
Michaele Morrow, Northeastern University and Robert Ricketts, Texas Tech University
Discussant: Tracy J. Noga, Bentley College

The Effects of Tax Policy on the U.S. Housing Market: §121 as a Case Study
Michael J. Albert, Grant Thornton and Tracy J. Noga, Bentley College
Discussant: Barry Borden, University of Hartford

Session 32 Panel: Teaching Ethics in Accounting
Behavioral Ethics— Advanced— 1.5 CH
Moderator: TBA

Dawn W. Massey, Fairfield University
Pat Kelly, Providence College
Joan Van Hise, Fairfield University

Session 33 Audit (Auditing) (Advanced) 1.5 credit hr
Accounting— Advanced— 1.5 CH
Moderator: Harry Howe, State University of New York at Geneseo

Impact of the Private Securities Litigation Reform Act and Regulation Fair Disclosure on the Warning - Litigation Relationship
Susan F.Havranek, LeMoyne College
Discussant: Marie Blouin, LeMoyne College

The Influence of Auditor Litigation Risk and Internal Audit Source on Reliance Decisions under Varying Levels of Risk
Barbara Arel, University of Vermont
Discussant: Harry Howe, State University of New York at Geneseo

Session 34 International
Accounting— Advanced— 1.5 CH
Moderator: Michael Melton, Roger Williams University

Use of Residual Income Valuation Model to Estimate Growth and The Rate of Return for Indian Companies
Ramesh Gupta and Nirali Parikh; Indian Institute of Management
Discussant: Rob Rambo, Providence College

Equity Valuation using Multiples: Controlling for Differences amongst Peers
Stefan Henschke and Carsten Homburg; University of Cologne
Discussant: Michael Melton, Roger Williams University

Concurrent Sessions

Session 35 Financial Accounting
Accounting— Advanced— 1.5 CH
Moderator:  TBA

Earnings Management and Insider Trading After Rule 10b5-1
Stanley Veliotis, Fordham University
Discussant: Bei Dong, University of South Florida

Adjusting Linear Information Models for the Asymmetric Timeliness of Earnings
Sebastian Gell, Carsten Homburg and Julia Nasev; University of Cologne, Germany
Discussant: TBA

Session 36 Panel: Motivating Undergraduate and Graduate Students to Write and Publish and the Introduction of a New Journal Devoted to Co-Authored, Mentored Research:
Journal of Mentored Managerial Accounting Research (JMMAR)
MAS Advanced— Advanced— 1.5 CH

Moderator: Dennis Bline, Bryant University

A.J. Cataldo II and Peter F. Oehlers; West Chester University

Session 37 Public Interest
Regulatory Ethics— Advanced— 1.5 CH
Moderator: Joan Hollister, State University of New York at New Paltz

Compensation Contracts for CEOs in Dual-class Firms
Pavinee Manowan, Boston University
Discussant: Steve Kolenda, Hartwick College

Block Ownership and Accounting Conservatism
Kun Yu, Boston University
Discussant: Joan Hollister, State University of New York at New Paltz

Session 38 Tax
Taxes— Advanced— 1.5 CH
Moderator: Brigitte W. Muehlmann, Suffolk University

The Supreme Court Holds that Taxpayers Charged with Criminal Tax Evasion Need Not Show Contemporaneous Intent to Treat Diversions as Returns of Capital Pursuant to Code Sections 301 and 316(a)
Mark Aquilio, St. John’s University
Discussant: Michaele Morrow, Northeastern University

Tax Policy Analysis - Current Phase-Out Amounts on Education Tax Credits and Deductions Are Too Low
Stephen Comey, Massachusetts State College Building Authority/Suffolk University
Discussant: Julia Camp, Providence College

Session 39 Teaching
Behavioral Ethics— Advanced— 1.5 CH
Moderator: Don Kent, State University of New York at Brockport

Combating Academic Fraud: Are Students Reticent about Uncovering the Covert?
Charles A. Malgwi, Bentley College and Carter C. Rakovski, California State University - Fullerton
Discussant: Karen Teitel, College of the Holy Cross

Developing Critical Thinking in College Programs
Alan Reinstein, Wayne State University and Gerald H. Lander, University of South Florida
Discussant: Monique Durant, Central Connecticut State University