2012 Auditing Section Midyear Conference and Doctoral Consortium
JANUARY 12–14, 2012  •  SAVANNAH, GEORGIA

Preliminary Program

Thursday, January 12, 2012
7:30 am–5:00 pm	Doctoral Consortium Auditing-8.0 CH Program and Presentation Slides
8:00 am–5:00 pm	Auditing Section Executive Committee Meeting
1:00 pm–5:45 pm	Auditing Education Workshop Auditing-5.0 CH Co-sponsored by the Auditing Section, KPMG, IDEA - Data Analysis Software, and Audit Analytics Session Description Anderson Presentation IIA Presentation Beasley Presentation
6:30 pm–8:30 pm	Auditing Section Welcome Reception
Friday, January 13, 2012
7:00 am–5:00 pm	Registration
7:00 am–8:30 am	Breakfast
8:30 am–9:45 am	Welcome and Plenary Session Auditing-1.5 CH Jay D. Hanson, Board Member - Public Company Accounting Oversight Board. Mr. Hanson spent nearly 32 years at McGladrey & Pullen, LLP, where he worked with a variety of clients ranging from small nonprofit organizations to large multi-national public companies. At the time of his departure, Mr. Hanson was the National Director of Accounting, overseeing the firm's accounting guidance and training practices, as well as leader of the firm's Accounting Standards Group. Mr. Hanson served as a member of the Emerging Issues Task Force of the Financial Accounting Standards Board (FASB) from 2006 to 2011. He also was a member of the Financial Reporting Executive Committee of the American Institute of Certified Public Accountants (AICPA) from 2005 to 2011, serving as Chairman from 2008-2011. Mr. Hanson is a certified public accountant licensed to practice in his home state of Minnesota. He graduated from Concordia College in Moorhead, Minnesota, with a B.A. in Business Administration, Accounting and Mathematics. Hanson Speech
9:45 am–10:15 am	Break
10:15 am–11:45 am	Concurrent Session Session 1.1: CAQ Panel: Recent Regulatory Efforts — What Is the Nexus to Audit Quality? Auditing-1.5 CH Moderator: Cindy Fornelli, CAQ's Executive Director Panelists: Denny Beresford, University of Georgia Bill Platt, Deloitte LLP CAQ's Executive Director, Cindy Fornelli, will moderate a lively discussion with representatives from key stakeholder groups, such as management, boards, the audit profession and academia, on several key initiatives being considered by the PCAOB. All members of the financial reporting supply chain have a vested interest in enhancing investor confidence and public trust in the global capital markets; Ms Fornelli will elicit views from the panelists on whether many of the issues under discussion at the PCAOB — mandatory firm rotation, audit partner identification, auditor's reporting model — will improve financial reporting and audit quality. CAQ Presentation Session 1.2: Audit Committees Auditing-1.5 CH Moderator: Marcus Doxey, University of Kentucky Economic Determinants of Audit Committee Quality Massarra Chaari, Norwegian School of Economics, NHH Mattias Hamberg, Norwegian School of Economics and Business Administration Daniel Johanson, Norwegian School of Economics, NHH Discussant: Dereck Barr, University of Mississippi Auditing the Audit Committee: An Examination of Shareholder and Board-Provided Accountability for Member Ineffectiveness Jaime J. Schmidt, University of Texas-Austin Stephanie J. Rasmussen, University of Texas-Arlington Discussant: Denise Dickins, East Carolina University The Continuing Impact of CEO Power on Audit Committee Effectiveness in the Post-SOX Era Yan Zhang, SUNY-Binghamton Ling Lisic, George Mason University Terry Neal, University of Tennessee Discussant: Jaime Schmidt, University of Texas-Austin Session 1.3: Audit Markets Auditing-1.5 CH Moderator: Jian Zhou, University of Hawaii at Manoa The Impact of Post-SOX Supplier Capacity Constraints on the Nonprofit Audit Market Nancy Chun Feng, Providence College Randy Elder, Syracuse University Discussant: Ken Reichelt, Louisiana State University Competitive Pressure, Audit Quality and Industry Specialization Strategies Marleen Willekens, Katholieke Universiteit Leuven Wieteke Numan, KU Leuven Discussant: Nancy Feng, Providence College Does a Lack of Choice Lead to Lower Quality? Evidence from Auditor Competition and ClientRestatements Nathan J. Newton, Texas A&M University Dechun Wang, Texas A&M University Michael S. Wilkins, Texas A&M University Discussant: Sarah Stein, University of Missouri Session 1.4: Litigation Auditing-1.5 CH Moderator: Thomas Kozloski, Saint Mary's University Information Pursuit and Litigation Risk: Effects on Auditors' Judgments and Confidence William B. Tayler, Emory University Steven D. Smith, University of Illinois-Urbana-Champaign Douglas F. Prawitt, Brigham Young University Discussant: Jason Smith, University of Nevada-Las Vegas Speak Up or Shut Up? The Moderating Role of Client Importance on Auditor Defense Tactics Jonathan Grenier, Miami University Bradley Pomeroy, University of Illinois-Urbana-Champaign Andrew B. Reffett, Miami University Discussant: Ann Backof, University of Georgia Perceptions of Quality, Risk, and Legal Liability Associated with Outsourcing and Offshoring Audit Procedures Alexey Lyubimov, University of Central Florida Vicky Arnold, University of Central Florida Steve G. Sutton, University of Central Florida Discussant: Linda Quick, University of South Carolina
12:00 pm–1:45 pm	Lunch and Awards
2:00 pm–3:30 pm	Concurrent Session Session 2.1: Panel: The Role of Auditing in Effective Organizational Governance - A Partnership Among Management, the Board, Risk Management and Assurance Auditing-1.5 CH Moderator: Urton Anderson, Clark W. Thompson, Jr., Professor in Accounting Education, The University Texas Effective governance of organizations, whether they be corporations, not-for-profits or government entities, is one of the greatest challenges faced by modern society, as is evident from the numerous organizational failures and their consequences in the past decade. The evolution of governance practices has asked auditors, both external and internal, to play a greater role in the organizational control aspect of the governance process. However, auditors still play only a supporting role; effective organizational control and governance involves management, the board, and the risk management function as well. This session will examine the evolving role of internal and external auditing in the partnership necessary for effective organizational governance, risk management, and control. Panelists: Paul Sobel, Vice President and CAE, Georgia Pacific Corporation Larry Rittenberg, Ernst & Young Professor of Accounting & Information Systems, University of Wisconsin and Audit Committee Member at Woodward, Inc. Mike Somich, Executive Director of Internal Audits, Duke University Denise Dickins, East Carolina University and Chairperson of the Audit Committees of Watsco Incorporated and Steiner Leisure Limited, former audit partner. Session 2.2: Auditor Choice Auditing-1.5 CH Moderator: J. K. Aier, George Mason University Choosing an Auditor: Is it a Club for the Well Connected? Keith A. Houghton, The Australian National University Christine Jubb, Australian National University Discussant: Gary Peters, Arkansas Client Supply Chain Relationships, Audit Firm Selection, and Implications for Audit Quality and Pricing Karla M. Johnstone, University of Wisconsin-Madison Chan Li, University of Pittsburgh Shuqing Luo, National University of Singapore Discussant: Jason Matthews, University of Georgia Audit Quality Indicators and Client Turnover Yinqi Zhang, American University Jayanthi Krishnan, Temple Discussant: Anne Thompson, University of Illinois at Urbana-Champaign Session 2.3: Skepticism Auditing-1.5 CH Moderator: William Platt, Deloitte Training Auditors to Think Skeptically Brett A. Rixom, University of Utah David Plumlee, University of Utah Andrew J. Rosman, University of Connecticut Discussant: Benjamin Luippold, Georgia State University The Effects of Auditor Rotation, Professional Skepticism, and Interactions with Managers on Audit Quality M. David Piercey, University of Massachusetts Kendall O. Bowlin, University of Mississippi Jessen L. Hobson, University of Illinois-Urbana-Champaign Discussant: Michael Bamber, University of Georgia Auditing Complex Estimates: Process, Problems, and Preliminary Recommendations for Improving Auditor Performance Emily E. Griffith, University of Georgia Jacqueline S. Hammersley, University of Georgia Kathryn Kadous, Emory University Discussant: Roger Martin, University of Virginia Session 2.4: Monitoring Mechanisms Auditing-1.5 CH Moderator: Rina Limor, University of South Florida The Impact of Monitoring Mechanisms and Management Incentives on Auditor-Client Negotiations around an Initial Public Offering Helen L. Brown-Liburd, Rutgers University Arnie Wright, Northeastern University Valentina L. Zamora, Seattle University Discussant: Jeremy Griffin, University of Notre Dame Process Mining of Event Logs in Internal Auditing: A Case Study Michael G. Alles, Rutgers, The State University of New Jersey Miklos A. Vasarhelyi, Rutgers University Mieke Jans, Hasselt University Discussant: Steve Sutton, University of Central Florida Superior Construction Inc.: An Internal Audit Post-Acquisition Engagement Joanne C. Jones, York University Sandra Iacobelli, York University Discussant: Erin Hamilton, University of South Carolina
3:30 pm–4:00 pm	Break
4:00 pm–6:00 pm	Business Meeting and Reception
Saturday, January 14, 2012
7:30 am – 8:30 am	Breakfast & Research and Education Forum Table 1: Litigation Auditing-1.0 CH Further Evidence on the Separate and Joint Effects of Litigation and Brand Reputation Motives on Assurance Quality Ryan J. Casey, University of Illinois-Chicago Steve Kaplan, Arizona State University - Tempe Arianna Spina Pinello, Georgia State University Securities Litigation: Understanding the Disciplining Mechanism Stephen J. Perreault, Bryant University Roger Silvers, University of Massachusetts Auditors and the Post-2002 Litigation Environment Ross D. Fuerman, Suffolk University Table 2: Discretionary Accruals Studies Auditing-1.0 CH Lame Duck Auditors: An Effective Constraint over Management Discretion? Cory A. Cassell, University of Arkansas-Fayetteville Timothy Seidel, University of Arkansas Linda A. Myers, University of Arkansas-Fayetteville Jian Zhou, University of Hawaii at Manoa Fee Pressure, Prospective Non-audit Services and Audit Quality Monika Causholli, University of Kentucky Dennis J. Chambers, Kennesaw State University Jeff Payne, University of Kentucky The Spillover Effect of Dominant Clients on Office-Level Audit Quality Matthew Beck, University of Missouri-Columbia Table 3: Issues in Auditing Auditing-1.0 CH Perception Differences between Effective and Ineffective Boards of Directors of the Net Value of Auditor-Provided Non-Audit Services Matthew Ege, University of Texas Auditor-Client Disagreement on Internal Control: Causes and Consequences Randy Elder, Syracuse University Lijuan Zhao, University of Hawaii-Manoa Jian Zhou, University of Hawaii at Manoa The Continued Shift in the Audit Market: An Examination of the "Second Tier" Audit Firms in the Post-SOX Period Sarah E. Stein, University of Missouri Tiffany M. Stites, University of Missouri Table 4: Audit Markets Auditing-1.0 CH To Audit Or Not to Audit? Further Evidence on the Drivers of Demand for Audits among Small Companies under Non-mandatory Auditing Lasse Niemi, Aalto University School of Economics Juha Kinnunen, Aalto University School of Economics Hannu Ojala, Aalto University School of Economics Pontus Troberg, Hanken School of Economics Office-Level Characteristics of the Big 4 and Audit Timeliness James D. Whitworth, University of North Carolina Wilmington Tamara A. Lambert, University of Massachusetts - Amherst Going Concern Opinion and Cost of Equity Jagan Krishnan, Temple University Keval Amin, Temple University Joon S. Yang, Sogang University Table 5: Audit Committees Auditing-1.0 CH An Experimental Analysis of Audit Committee Members' Diligence and Effectiveness Veena Looknanan Brown, University of Wisconsin-Milwaukee Julia L. Higgs, Florida Atlantic Remedial Efficiency of Internal Control Improving Process: Audit Firms and Audit Committees Hui-Yu Yang, Yuan Ze University Bang-Han Chiu, Yuan Ze University Accounting Expertise on Audit Committees and Expected Rates of Return on Pension Assets Yan Zhang, SUNY-Binghamton Joe Comprix, Syracuse University Jun Guo, SUNY at Binghamton Nan Zhou, SUNY at Binghamton Table 6: Audit Pricing Auditing-1.0 CH Enterprise Risk Management, Corporate Governance, and Audit Pricing Gary Peters, Arkansas Adi Masli, University of Kansas Chris S. Hines, University of Arkansas-Fayetteville Audit Fee Stickiness David Hay, University of Auckland Charl De Villiers, University of Auckland Janice Zhang, University of Auckland The Effects of Financial Restatements on Audit Fees of Non-Restating Office-level Clients Hiu Lam Choy, Drexel University Ferdinand A. Gul, School of Business Monash University Table 7: Restatements and Internal Control Auditing-1.0 CH Does Timing Matter? Evidence from Material Weakness Disclosures and Restatement Announcements Nader Wans, Rutgers University The Effects of Pre-client Industry Experience on Restatement at the Audit Partner Level and Audit Team Level Kuei-Fu Li, Ming-Chuan University Yun-Shan Chen, National Taiwan University Accounting Restatements Subsequent to SOX: Is the "Tier" of the Audit Firm Still Significant? Robson Charles Glasscock, Virginia Commonwealth University Myung S. Park, Virginia Commonwealth University Benson Wier, Virginia Commonwealth University The Relationship between Audit Lag and Restatements David N. Hurtt, Baylor University Jason E. MacGregor, Baylor University Alan Blankley, University of North Carolina-Charlotte Table 8: Independence Auditing-1.0 CH When Does Audit Quality Start to Decline in Firm Audit Tenure? - An International Analysis Kenneth J. Reichelt, Louisiana State University-Baton Rouge Li (Lily) Brooks, Louisiana State University C. S. Agnes A Cheng, Louisiana State University-Baton Rouge Joseph Johnston, City University of Hong Kong Audit Tenure and Audit Quality Li Z Brooks, Louisiana State University-Baton Rouge Auditor Independence Impairment: Bonding Between Clients and Individual Engagement Partners Kris Hardies, Vrije Universiteit Brussel Diane Breesch, Free University of Brussels Joël Branson, Vrije Universiteit Brussel Table 9: Teaching and Curriculum Auditing-1.0 CH The Auditor's Character and the Audit Task: Reflections on Teaching Ethics, Auditors' Virtues and Professional Duty Iris Stuart, Norwegian School of Economics, NHH Bruce Stuart, Norwegian School of Economics, NHH Lars Jacob Tynes Pedersen, Norwegian School of Economics and Business Including Audit Regulation in the Accounting Curriculum David L. Gilbertson, Western Washington University Terri L. Herron, University of Montana The Effects of Modeling Availability and Modeling Repetition on Task Performance Kim Westermann, Florida International University Table 10: Risk Assessment Auditing-1.0 CH Does the Type of Business Process Representation Affect Auditors' Ability to Assess Control Risk? J. Efrim Boritz, University of Waterloo A. Faye Borthick, Georgia State University Adam Presslee, University of Waterloo The Effects of Audit and Fraud Specialist Mindsets on the Development of Fraud-Related Problem Representations and Subsequent Fraud Risk Assessments Lawrence Chui, University of St. Thomas Mary B. Curtis, University of North Texas Byron Pike, Minnesota State University, Mankato Transparency of Institutions and the Enforcement of Accounting Standards Andrew Ayimbila Anabila, University of Texas - Pan American Table 11: Audit Quality Auditing-1.0 CH Restatement, Auditor Switch and Credit Rating C. S. Agnes A. Cheng, Louisiana State University-Baton Rouge Ling-Tai Lynette Chou, National Chengchi University Ya-Fang Wang, Providence University Empirical Evidence of the Effectiveness of Recent Changes to PCAOB Inspection Reports James S. Wainberg, University of Waterloo Thomas E. Kida, University of Mass-Amherst M. David Piercey, University of Massachusetts James F. Smith, University of Massachusetts-Amherst Identifying Quality Auditors in the Non-Profit Setting: A New Methodology Stefanie Tate, University of Massachusetts Lowell Nancy Chun Feng, Providence College Audit Quality Attributes: The French Auditors' Perception on a Strong Regulatory Context Geraldine Hottegindre, EMLYON Nathalie GONTHIER-BESACIER, IAE Grenoble Sandrine FINE-FALCY, IAE Grenoble Table 12: Current Issues in Auditing Auditing-1.0 CH The Effects of Corporate Social Responsibility Investment, Assurance, and Perceived Fairness on Investors' Judgments Helen L. Brown-Liburd, Rutgers University Jeffrey Cohen, Boston College Valentina L. Zamora, Seattle University The Use of Business Risk Audit Perspectives by Non-Big 4 Audit Firms Joost P. Van Buuren, Nyenrode Business University Christopher W. Koch, University of Mannheim Niels Van Nieuw Amerongen, Business University Nyenrode Arnie Wright, Northeastern University Expanding the Sarbanes-Oxley Act to the Government Sector Alan Reinstein, Wayne State University Mohammad J. Abdolmohammadi, Bentley University Cathleen L. Miller, Wayne State University Table 13: Experimental Audit Auditing-1.0 CH Effects of Prior Client Experience and Engagement Risk on Audit Decisions Velina K. Popova, Virginia Tech University J. Gregory Jenkins, Virgina Tech Rebecca Fay, East Carolina University The Status Quo Effect on Principles- vs. Rules-Based Accounting Judgments Scott D. Vandervelde, University of South Carolina Linda A. Quick, University of South Carolina Bill Messier, University of Nevada, Las Vegas Elaboration as a Mechanism to Reduce Auditors' Conformity to a Known Numerical View Byron Pike, Minnesota State University, Mankato Mary B. Curtis, North Texas
8:30 am–9:45 pm	Plenary Session Auditing-1.5 CH Harry Markopolos — The Madoff Scandal Harry Markopolos realized that Bernard Madoff's investment strategy was an obvious fraud within five minutes, and spent the next nine years trying in vain to alert the Securities and Exchange Commission. His book, No One Would Listen, details the ten-year quest Markopolos and his team undertook to prevent the biggest financial disaster of the 21st century. Since the Madoff scandal broke, Markopolos has dedicated himself to becoming the world's most visible and shrewd whistleblower on fraud and conflicts of interest in financial markets. No One Would Listen has already become a New York Times bestseller, and Markopolos has shared his insights on such prominent media outlets as The Today Show, 60 Minutes, CNN and The Daily Show, as well as in major print publications including The Wall Street Journal and The New York Times. Markopolos Presentation
9:45 am–10:15 am	Break
10:15 am–11:45 am	Concurrent Session Session 3.1: Research Panel: Doing Field Research in Auditing Auditing-1.5 CH Moderator: Jean Bédard, Laval University To get new insights on auditing, a growing number of scholars are engaging in field research, studying auditors, auditees and others in their organizations. While the potential contribution of field research is motivating, the research journey is complex and very different from that followed in more traditional auditing research. In this panel, experienced researchers will share their views and experiences on the process of doing qualitative field studies covering themes such as the nature of research questions, methodology, publication strategies, and how auditing researchers may acquire the methodology and methods knowledge to perform such studies. Jean Bédard's Introduction Panelists: Yves Gendron, Laval University Presentation Dana R. Hermanson, Kennesaw State University Presentation Christopher Humphrey, University of Manchester Presentation Session 3.2: Audit Tenure Auditing-1.5 CH Moderator: Nader Wans, Rutgers New Evidence on the Association between Auditor Tenure, Non-audit Services and Audit Quality Monika Causholli, University of Kentucky Timothy B. Bell, University of North Florida W. Robert Knechel, University of Florida Discussant: Carl Hollingsworth, Clemson University Busy Audit Partners, Partner-Client Tenure and Audit Quality Mark (Shuai) Ma, The University of Oklahoma Ferdinand A. Gul, School of Business Monash University Discussant: Li Brooks, Louisiana State University-Baton Rouge Disentangling the Effects of Audit Partner Tenure and Audit Firm Tenure on Audit Quality Elizabeth Carson, University of New South Wales Adam Luc, University of New South Wales Leon Wong, University of New South Wales Discussant: Allen Blay, Florida State University Session 3.3: Corporate Governance Auditing-1.5 CH Moderator: Premalata Sundaran, Highpoint University Are Stock Options, Non-option Equity, and Compensation Mix Associated with Audit Committee Oversight Quality? Jason L. Smith, University of Nevada-Las Vegas John L. Campbell, University of Georgia James Hansen, University of New Mexico Chad A. Simon, University of Nevada-Las Vegas Discussant: Billy Soo, Boston College The Incremental Importance of Complementary Internal Audit Independence Characteristics on Financial Reporting Monitoring Larry Abbott, University of Wisconsin-Milwaukee Susan Parker, Santa Clara Gary Peters, Arkansas Discussant: Bill Messier, University of Nevada Las Vegas Audit Committee Financial Expertise: An Examination of Financial Reporting Timeliness and Perceived Reliability Chad M Stefaniak, Oklahoma State University John L. Abernathy, Oklahoma State University Adi Masli, University of Kansas Brooke Beyer, Oklahoma State University Discussant: Chris Hogan, Michigan State University Session 3.4: Ethics Auditing-1.5 CH Moderator: Erin Hamilton, University of South Carolina The Effects of Carrot versus Stick Incentive Schemes and Working Relationships on Auditors' Reporting of Questionable Acts El'fred Boo, Nanyang Technological University Terence B. Ng, Nanyang Technological University Premila Gowri Shankar, Nanyang Technological University Discussant: Natalia Kochetova-Kozloski, Saint Mary's University Can Moral Reasoning Reduce Auditor Misreporting? An Experimental Examination of Social Distance from Investors and an Auditor Signature Requirement Allen D. Blay, Florida State University Eric S. Gooden, Florida State University Mark Joseph Mellon, University of South Florida Douglas E. Stevens, Florida State University Discussant: Kendall Bowlin, University of Mississippi How Do Auditors Respond to Management Integrity Breaches? Evaluation and Reliance When Entity-Level Controls Breakdown Christopher J. Wolfe, Texas A&M University Discussant: Scott Vandervelde, University of South Carolina
12:00 pm–1:30 pm	Lunch and Awards
1:45 pm–3:15 pm	Concurrent Session Session 4.1: Standards Panel: Auditing Standard Setting: Differing Perspectives & Prospects Auditing-1.5 CH Moderator: Pamela Roush, Associate Professor of Accounting University of Central Florida In recent years, both the PCAOB and the AICPA (Auditing Standards Board) have been actively engaged in the auditing standard setting process. As a result, the standards (which were essentially the same as of April 16, 2003) have become increasingly divergent. For example, the PCAOB standards now materially differ from the AICPA's standards in the areas of (to name a few) risk assessment, materiality, and engagement quality review partner responsibilities. Further divergence is possible with PCAOB projects such as confirmations and the auditor's reporting responsibilities. This panel will present the different perspectives of the relevant parties on the roles and responsibilities of the various parties, the consequences of multiple auditing standards, and the future of the auditing standard setting process. Panelists: Harold I. Zeidman, Partner, Department of Professional Practice - Audit and Advisory KPMG LLP Greg Scates, Deputy Chief Auditor for the Public Company Accounting Oversight Board (PCAOB) in Washington, DC Colleen K. Conrad, Executive Vice President and Chief Operating Officer of NASBA Darrel R. Schubert, Ernst & Young LLP, Chair - Auditing Standards Board Session 4.2: Audit Pricing Auditing-1.5 CH Moderator: Joseph Schroeder, Michigan State University Managerial Incentives and Audit Pricing Julia L. Higgs, Florida Atlantic Yezen H. Kannan, Duquesne University Terrance Skantz, University of Texas at Arlington Discussant: Kathleen Bentley, Texas A&M University The Effect of Ownership Structure on Audit Fees Brad Badertscher, University of Notre Dame Bjorn N. Jorgensen, University of Colorado at Boulder Sharon P. Katz, Columbia Univeristy William R. Kinney Jr., University of Texas at Austin Discussant: Paul Chaney, Vanderbilt University How do Auditors Respond to Corporate Social Responsibility Performance? Long Chen, George Mason Universityeristy Bin Srinidhi, Hong Kong Polytechnic University Albert Tsang, The Chinese University of Hong Kong Wei Yu, University of Tennessee Discussant: Roger Simnett, New South Wales Session 4.3: Issues in Auditing I Auditing-1.5 CH Moderator: Stephen Rowe, University of Illinois Do Big 4 Auditors Charge More for Small Clients in the Post-SOX Period? Fatima A Alali, Cal State University-Fullerton Randy Elder, Syracuse University Jian Zhou, University of Hawaii at Manoa Discussant: Elizabeth Carson, University of New South Wales The Determinants and Costs of Non-Compliance with SEC Reporting Requirements: Evidence from SEC 10-K Comment Letters Lauren M. Dreher, University of Arkansas Cory A. Cassell, University of Arkansas-Fayetteville Linda A. Myers, University of Arkansas-Fayetteville Discussant: Susan Scholz, University of Kansas Market Reaction to the Public Announcement of Accounting Events through News Media: Evidence from Going-Concern Opinions Sarfraz A. Khan, University of Texas at San Antonio Emeka T. Nwaeze, University of Texas-San Antonio Discussant: Sundaresh Ramnath, University of Miami Session 4.4: Accounting Choice Auditing-1.5 CH Moderator: Sanaz Aghazadeh, University of Oklahoma What Do Auditors Disclose to the Audit Committee About Management's Accounting Choices? Bradley Pomeroy, University of Illinois-Urbana-Champaign Krista J. Fiolleau, University of Alberta Kristina Hoang, University of Alberta Discussant: Chad Simon, University of Nevada-Las Vegas Why Auditors Use Consultation Units Renee M. Olvera, University of North Texas Mary B. Curtis, University of North Texas Discussant: Justin Leiby, University of Illinois The Erosion of Jurisdiction: Auditing in a Market Value Accounting Regime Yves Gendron, University Laval Jean-Hubert Smith-Lacroix, Universite Laval Sylvain Durocher, University of Ottawa Discussant: Jonathan Grenier, Miami University
3:15 pm–3:45 pm	Break
3:45 pm–5:15 pm	Concurrent Session Session 5.1: Internal Controls Auditing-1.5 CH Moderator: Theresa Presley, Kansas State University Section 404 Remediation Prior to Year-End Jean Bedard, Bentley University Lyn Graham, Bentley University Discussant: Tim Seidel, University of Arkansas The Effects of Using the Internal Audit Function as a Management Training Ground on Accounting Risk and Firm Performance David A. Wood, Brigham Young University Margaret H. Christ, University of Georgia Nathan Y. Sharp, Texas A&M University Discussant: Amanda Winn, University of Washington Internal Control Quality and External Audit Effort: Empirical Evidence from a Less Regulated Environment with a Low Litigation Risk Lasse Niemi, Aalto University School of Economics Hannu Ojala, Aalto University School of Economics Annukka Jokipii, University of Vaasa Discussant: Rajib Doogar, University of Illinois Session 5.2: Issues in Auditing II Auditing-1.5 CH Moderator: Matthew Ege, University of Texas Does Using Information From Peer Firms Improve Account-Level Expectation Models? Miguel Minutti-Meza, University of Miami Discussant: Juan Manuel Sanchez, University of Arkansas Can Management Turnover Reinstate Financial Statement Creditability of Restated Firms? Further Evidence Mai Dao, University of Toledo Hua-Wei Huang, National Cheng Kung University, Taiwan, ROC Ken Chen, National Taiwan University Discussant: Adi Masli, University of Kansas Does Lowballing Impair Audit Quality? Evidence from Client Accruals Surrounding Analyst Forecasts Duane M. Brandon, Auburn University Jonathan D. Stanley, Auburn University Jeffrey J. McMillan, Clemson University Discussant: Brad Lawson, Texas A&M Session 5.3: Issues in Auditing III Auditing-1.5 CH Moderator: Monika Causholli, University of Kentucky The Pricing of Engagement Partner Expertise Christopher W. Koch, University of Mannheim Discussant: Brian Mayhew, University of Wisconsin - Madison Joint Audits — Benefit or Burden? Claus Holm, Aarhus University Frank Thinggaard, Aarhus University Discussant: Joseph Schroeder, Michigan State University Accepting Full Responsibility in the Audit Opinion: Implications for Audit Quality Alexey Lyubimov, University of Central Florida Discussant: Colleen Boland, Michigan State University Session 5.4: Experimental Audit Auditing-1.5 CH Moderator: Jason Rasso, University of South Florida Cue Combination in Control Risk Judgments Jonas Gaudernack, NHH - Norwegian School of Economics Discussant: Tammie Schaefer, University of South Carolina The Relative Effectiveness Of Simultaneous Versus Sequential Negotiation Strategies in Auditor-Client Negotiations Stephen J. Perreault, Bryant University Thomas E. Kida, University of Mass-Amherst M. David Piercey, University of Massachusetts Discussant: Bradley Pomeroy, University of Illinois-Urbana-Champaign Audit Reviewers' Ability to Recognize and Discount for Preparer Affective Bias Michele Lynn Frank, University of Pittsburgh Vicky B. Hoffman, University of Pittsburgh Discussant: Rick Hatfield, University of Alabama

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