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2021 Auditing Section Virtual Midyear Meeting

Preliminary Program Click Here
To access abstracts and search the scheduled papers click HERE

Doctoral Consortium Thursday, January 14, 2021
 11:00 am–5:45 pm EST Doctoral Consortium
Personal Development - 5.0 CH
11:00 am–11:30 am EST

Opening Remarks
Jaime Schmidt, The University of Texas at Austin

11:30 am–12:45 pm EST

Plenary—Conducting High-Quality Auditing Research (Senior Scholars)
Moderators: Rick Hatfield, Affiliation, Vice-Chair
Jaime Schmidt, The University of Texas at Austin
Panelists: Phil Lamoreaux, Arizona State University
Steve Kachelmeier, The University of Texas at Austin

12:45 pm–2:00 pm EST

Break for Lunch

2:00 pm–3:30 pm EST

Panel—Achieving Early Career Success (Junior Scholars)
Moderator: Andy Imdieke, University of Notre Dame
Panelists: Brant Christensen, The University of Oklahoma
Devin Williams, University of Illinois
Lindsay Andiola, Virginia Commonwealth University

3:30 pm–3:45 pm EST

Break

3:45 pm–5:15 pm EST

Panel—Maintaining Career Success (Seasoned Scholars)
Moderator: Kim Westermann, California Polytechnic State University, San Luis Obispo
Panelists: Ann Vanstraelen, Maastricht University
Jessen Hobson, University of Illinois
Matt Ege, Texas A&M University

5:15 pm EST

Closing Remarks
Speaker: Jaime Schmidt, affiliation

5:20 pm–5:45 pm

Closing Reception

Excellence in Auditing Education Workshop Thursday, January 14, 2021

1:00 pm–5:30 pm EST

Risk Assessment and Materiality: Bringing Current Practices into the Classroom
Auditing- 4.8 CH

1:00 pm–1:05 pm EST
 

Welcome/Overview of the Workshop
Christine Gimbar, Chair of 2021 EAE Workshop

1:05 pm–2:05 pm EST
 

Panel Discussion—Current Firm Risk Assessment and Materiality Practices
Panelists: Chris Dinkel, PwC
Matt Doyle, KPMG
Adam Hallemeyer, RSM

2:05 pm–2:15 pm EST

Break

2:15 pm–3:05 pm EST
 

Goodwill Risk Assessment Case Studies—Breakout Sessions
Chris Dinkel, PwC
Adam Hallemeyer, RSM
Emily Lucas, PwC
James Powell, KPMG
Adam Power, PwC

3:05 pm–3:10 pm EST
 

Break

3:10 pm–4:20 pm EST
 

Case—Using Public Company Filings to Plan the Audit and Perform Risk Assessment Procedures
Lauren Cunningham, The University of Tennessee
Joleen Kremin, Portland State University
Amanda Warren, The University of Tennessee

4:20 pm–4:25 pm EST
 

Break

4:25–5:25 pm EST
 

Case—ABC Electronics: An Instructional Case Illustrating Auditors’ Use of Preliminary Analytical Procedures
Jamie Diaz, The College of William and Mary

5:25 pm–5:30 pm EST

Wrap Up/Closing
Christine Gimbar, Chair of 2021 EAE Workshop
Erin Hamilton, Chair of 2022 EAE Workshop

2021 Auditing Section Midyear Meeting Friday, January 15, 2021

10:00 am–11:15 am EST
 

The Regulatory Landscape and the Role of the Auditor in Detecting Material Fraud
Auditing - 1.5 CH
Moderator: Julie Bell Lindsay, CAQ
Panelists: Julie Corden, Deloitte Canada/IAASB
Josh Jones, EY
Richard Riley, University of West Virginia
Megan Zietsman, PCAOB

11:15 am–11:30 am EST
 

Audit Analytics—Main Tour
Join us for an overview of Audit Analytics and our audit, regulatory and disclosure intelligence databases.

11:30 am–1:00 pm EST
 

Concurrent Sessions

1.01: Managing and Responding to Risk
Auditing - 1.8 CH
Session Chair: Mikhail Pevzner, University of Baltimore

Auditors’ Response to Client Corruption: Evidence from Google Document Frequency
Kecia Williams Smith, North Carolina Agricultural and Technical State University
Jennifer R. Joe, University of Delaware
Nerissa C. Brown, University of Illinois at Urbana-Champaign
Joseph Han Stice, The Chinese University of Hong Kong

Political Risk, Corporate Monitoring, and Financial Reporting Quality
Deonette J. Lambert, The University of Oklahoma
Brant E. Christensen, The University of Oklahoma

Relation between Auditors’ Risk-Preparedness and Audit Adjustments: Evidence from Professional Risk Fund and Professional Indemnity Insurance
Yingwen Deng,Renmin University of China
Gerald Lobo ,University of Houston
Cyndia Wang, The University of British Columbia
Min Zhang, Renmin University of China
Jie Xue, Ministry of Finance of China

Do Emotions Affect Audit Practice? Terrorist Attacks and Accounting Misstatements
Pengkai Lin, Tulane University

1.02: Auditor Ethics and Independence
Auditing - 1.8 CH
Moderator: Ryan Cating, University of Arkansas

Competitiveness of Audit Firms in a Mandatory Rotation Setting: Cross Country Evidence from European Union Countries
Ditmir Sufaj, KU Leuven
Discussant: Xi Ai, The University of Tennessee

Economic Consequences of Auditor Reputation Loss: Evidence from the Auditors’ Inspections Scandal
Francine McKenna, American University
Mikhail Pevzner, University of Baltimore
Amy Sheneman, The Ohio State University
Tzachi Zach, The Ohio State University
Discussant: Stuart Dearden, University of Nebraska–Lincoln

Does Auditor Independence Matter? Evidence from SEC Sanctions against PricewaterhouseCoopers LLP for Prohibited Non-Audit Services
Russell Barber, University of Colorado Denver
Carol Dee, University of Colorado Denver
Katherine Gunny, University of Colorado Denver
Discussant: Michael J. Mowchan, Baylor University

1.03: Professional Skepticism
Auditing - 1.8 CH
Moderator: Alex Johanns, University of Illinois at Urbana-Champaign

Effects of Regulatory Enforcement Style and Audit Firm Remedial Actions on Investors’ Perceptions of Auditors’ Professional Skepticism
John Chi Wa Ko, Monash University Caulfield
Soon-Yeow Phang, Monash University Caulfield
Xiaowen Huang, Monash University
Discussant: LaToya Flint, The University of Mississippi

Auditors’ Professional Skepticism: Traits, Behavioral Intentions, and Actions
Sanne Janssen, University of Antwerp
Kris Hardies, University of Antwerp
Ann Vanstraelen, Maastricht University
Karla M. Zehms, University of Wisconsin–Madison
Discussant: Emily Blum, Texas A&M University

The Effects of Self-Esteem and Perspective-Taking on Judgment and Decision-Making in Group Audits
Ayla Borkus, KroeseWevers
Hielke De Boer, De Nederlandsche Bank
Herman Van Brenk, Nyenrode Business University
Niels Van Nieuw Amerongen, Nyenrode Business University
Discussant: Julia Ariel-Rohr, University of Wisconsin–Madison

1.04: Wiley Session: Keeping up with Change! ASB Standards and Audit Data Analytics
Laura Wiley, Louisiana State University 

1:00 pm–2:00 pm EST
 

Lunch Break

2:00 pm–3:30 pm EST
 

Concurrent Sessions

2.01: Critical/Key Audit Matters
Auditing - 1.8 CH
Session Chair: Miguel A. Minutti-Meza, University of Miami

Determinants of Audit-Firm Profitability and Implications for Key Audit Matter Reporting
Zeyun (Jeff) Chen, Texas Christian University
Anastasios Elemes, ESSEC Business School
Ole-Kristian Hope, University of Toronto
Aaron Yoon, Northwestern University

Have Critical Audit Matter Disclosures Indirectly Benefitted Investors by Constraining Earnings Management? Evidence from Tax Accounts
Jaime J. Schmidt, The University of Texas at Austin
Nathan Goldman, North Carolina State University
Stephen Lusch, Texas Christian University
Katharine Drake, The University of Arizona

Key Audit Matters and the Pricing of Audit Services: Evidence from Hong Kong
Zeyun (Jeff) Chen, Texas Christian University
Karen K. Nelson, Texas Christian University
Yanyan Wang, Xiamen University
Lisheng Yu, Xiamen University

Are Key Audit Matter Disclosures Informative in Assessing Financial Distress?
Patricia Wellmeyer, University of California, Irvine
Morton Pincus, University of California, Irvine
Maria-del-Mar Camacho-Miñano, Complutense University of Madrid
Nora Muñoz-Izquierdo, Colegio Universitario de Estudios Financieros

2.02: Going Concern and Financial Distress
Auditing - 1.8 CH
Moderator: Jaclyn Prentice, Oklahoma State University

The “Early Warning” Signal of Mandated Management Assessments: Preliminary Evidence from the COVID-19 Pandemic
Steven Maex, Temple University
Discussant: Stefan Slavov, The University of Tennessee

#Fail: Social Media, Firm Distress, and Going Concern Opinions
Eric Condie, Georgia Institute of Technology
Robbie Moon, Georgia Institute of Technology
Discussant: Chenxi Lin, The University of Oklahoma

Deferred Tax Asset Valuation Allowances and Auditors’ Going Concern Evaluations
Ashleigh Bakke, The University of Kansas
Thomas R. Kubick, University of Nebraska–Lincoln
Michael S. Wilkins, The University of Kansas
Discussant: Youree Kim, University of Connecticut

2.03: Audit Innovation
Auditing - 1.8 CH
Moderator: Juliana Kralik, University of South Florida

A Blockchain Halo? Client Adoption of Disruptive Technology and the Biasing Effects on Auditor Judgment
Ashley Austin, University of Richmond
Tyler Williams, Bentley University
Discussant: Steve Dannemiller, The University of Alabama

Exploring Improvisation in Audit Work through Auditors’ Responses to COVID-19
Yi Luo, Queen’s University
Bertrand Malsch, Queen’s University
Discussant: Erica Pimentel, Concordia University


Interfirm Mobility: How Big 4 Firm Experience Impacts the Careers and Identity of Non-Big 4 Accounting Firm Partners.
Candice Hux, Northern Illinois University
Aleksandra B Zimmerman, Florida State University
Laurence Daoust, HEC Montreal
 

3:30 pm–3:45 pm EST
 

Audit Analytics—Critical/Key Audit Matters
Learn about our CAMS and KAMS databases and see them in action.

3:45 pm – 5:15 pm 
 

Concurrent Sessions

3.01: Management and the Board
Accounting - 1.8 CH
Session Chair: Roy Schmardebeck, The University of Tennessee

The Effect of Top Management Team Turnover on Financial Reporting Risk
Kenneth L. Bills, Michigan State University
Michelle Harding, Virginia Polytechnic Institute and State University
Timothy Seidel, Brigham Young University
Mike Truelson, Virginia Polytechnic Institute and State University

Striving for a Breath of Fresh Air: Board Refreshment and Board Performance
Mieke Dingenen, KU Leuven
Ann Gaeremynck, KU Leuven
Mathijs Van Peteghem, Maastricht University

Audit Committee Independence and Auditor-Manager Disputes
Sandra Kronenberger, University of Mainz
Sebastian Kronenberger, University of Mannheim
Minlei Ye, University of Toronto

Internal Controls and Audit Committee Oversight
Evelyn R. Patterson, Indiana University–Purdue University Indianapolis
Reed Smith, Indiana University–Purdue University Indianapolis
Samuel L. Tiras, Indiana University–Purdue University Indianapolis

3.02: Audit Demand
Auditing - 1.8 CH
Moderator: Joseph Micale, Fordham University

Auditor Information Spillovers and Company Operating Performance: Evidence from Targeted Auditor Switches
Tyler Kleppe, University of Kentucky
Discussant: Mindy (Hyo Jung) Kim, George Mason University

Do Audit Firms Care about Media Coverage? An Investigation of Audit Firm Response to News Coverage
Elizabeth Cowle, University of Arkansas
Caleb Rawson, University of Arkansas
Stephen P. Rowe, University of Arkansas
Discussant: Mason C. Snow, Arizona State University

The Interconnectivity of Audit Demand
Matthew Beck, The University of Kansas
Nathan Lundstrom, The University of Kansas
Sarah B. Stuber, Texas A&M University
Discussant: Ulrike Thuerheimer, UNSW Sydney

3.03: Complex Estimates
Auditing - 1.8 CH
Moderator: Leah Diehl, The University of Alabama

The Auditor-Valuation Specialist Coopetitive Alliance in the Fair Value Audit of Complex Financial Instruments
Dereck D. Barr-Pulliam, University of Louisville
Jennifer R. Joe, University of Delaware
Stephani A. Mason, DePaul University
Kerri-Ann Sanderson, Bentley University
Discussant: Kathryn Holmstrom, Georgia Institute of Technology

The Effect of Opaque Audit Methods and Auditor Ownership on Reliance on Independent Expectations
Kathryn Holmstrom, Georgia Institute of Technology
Discussant: Amy Donnelly, Clemson University

Does Voluntary Disclosure of Projected Financial Information Influence Auditors’ Evaluation of That Information?
Kamber Hetrick, Northeastern University
Sean Hillison, Virginia Polytechnic Institute and State University
Discussant: Dan Zhou, University of Illinois at Urbana-Champaign

 5:15 pm–5:30 pm EST

Break

 5:30 pm–6:15 pm EST

Business Meeting and Award Presentations

 6:15 pm–8:00 pm EST

Virtual Reception

2021 Auditing Section Midyear Meeting Saturday, January 16, 2021

 10:00 am–11:30 am EST

Concurrent Sessions
4.01: Best Paper Award Winners
Auditing - 1.8 CH
Moderators: Scott N. Bronson, The University of Kansas
Tamara A. Lambert, Lehigh University
Joseph H. Schroeder, Indiana University Bloomington

Auditing from a Distance: The Impact of Remote Auditing and Supervisor Monitoring on Analytical Procedures Judgments
Sudip Bhattacharjee, Virginia Polytechnic Institute and State University
Sean Hillison, Virginia Polytechnic Institute and State University
Carissa L. Malone, Virginia Polytechnic Institute and State University
Discussant: Jacqueline S. Hammersley, The University of Georgia

How Does Artificial Intelligence Shape the Audit Industry?
Michael Shen, National University of Singapore
Kelvin Law, Nanyang Technological University
Discussant: Margaret H. Christ, The University of Georgia

Reexamining the Outcome Effect: Are Auditors Penalized for Exercising Professional Skepticism?
Mary Elizabeth Marshall, Louisiana Tech University
Curtis Mullis, Georgia State University
Kelli Saunders, University of Nebraska–Lincoln
Chad Stefaniak, University of South Carolina
Discussant: Justin Leiby, University of Illinois at Urbana-Champaign

 11:30 am–11:45 am EDT

Audit Analytics—Europe
Join an online tour of our latest Europe data, including Fees, Opinions, Changes, Engagements, KAMS, and Restatements.

 11:45 am–1:15 pm EST

Concurrent Sessions

5.01: Regulatory Effects
Auditing - 1.8 CH
Session Chair: Kecia Williams Smith, North Carolina Agricultural and Technical State University

Causal Evidence on the Effects of Enforcement Investigations
Marius F. Gros, Universität Bremen
Martin Nienhaus, Goethe University
Christopher Oehler, Goethe University

Do Entry Barriers to the Public Company Audit Market Deter Low Quality Audit Firms?
Devin Williams, University of Illinois at Urbana-Champaign
Andrew Kitto, University of Massachusetts Amherst
Phillip T. Lamoreaux, Arizona State University

The Efficacy of PCAOB Operating Decisions: Evidence from Office Expansion
James Blann, University of Arkansas
Tyler Kleppe, University of Kentucky
Jonathan Shipman, University of Arkansas

Has PCAOB Oversight Increased Firms’ Use of Real Earnings Management?
Phillip T. Lamoreaux, Arizona State University
Noah Myers, Arizona State University
Mason C. Snow, Arizona State University

5.02: Audit Partners and Tone at the Top
Auditing - 1.8 CH
Moderator: Delia Valentine, Virginia Polytechnic Institute and State University

Do Accumulated Cooperative Experiences between Audit Partners Affect Audit Quality?
Wuchun Chi, National Chengchi University
Anxuan Xie, National Chengchi University
Chun-Chan Yu, National Chung Hsing University
Discussant: Aaron Fritz, Michigan State University

You Can’t Get There from Here: The Influence of an Audit Partner’s Prior Non-Public Accounting Industry Experience on Audit Outcomes.
Ling Lisic, Virginia Polytechnic Institute and State University
Jeffrey Pittman, Memorial University of Newfoundland
Timothy Seidel, Brigham Young University
Aleksandra B. Zimmerman, Florida State University
Discussant: Quinn Swanquist, The University of Alabama

The Impact of National Office Governance on Audit Quality
Jade (Huayu) Chen, The University of Arizona
Preeti Choudhary, The University of Arizona
Discussant: Wei Zhang, University of Massachusetts Amherst

5.03: Auditor-Client Interactions
Auditing - 1.8 CH
Moderator: Truman Rowley, The University of Georgia

How Accounting Professionals Cope with Client-Initiated Workplace Aggression
Tim Bauer, University of Waterloo
Sean Hillison, Virginia Polytechnic Institute and State University
Ala Mokhtar, University of Waterloo
Discussant: Stephani A. Mason, DePaul University

Does Higher Status Make Client Personnel More Cooperative with Staff Auditors?

Dan Rimkus, The University of Texas at Austin
Discussant: Emily Hornok, Baylor University

Explaining Away Intentional Misstatements: When Are Management Excuses Most Effective?
Erin L. Hamilton, University of Nevada, Las Vegas
Jason L. Smith, University of Nevada, Las Vegas
Melissa Carlisle, Case Western Reserve University
Discussant: Michael Ricci, University of Florida

 1:15 pm–2:15 pm EST

Lunch Break

 2:15 pm–3:45 pm EST

Concurrent Sessions

6.01: Internal Audit and Technology
Auditing - 1.8 CH
Session Chair: Andrew Imdieke, University of Notre Dame

The Impact of Audit Technology on Audit Outcomes: Technology-Based Audit Techniques’ Impact on Internal Auditing
Marc Eulerich, University of Duisburg-Essen
Adi Masli, The University of Kansas
Jeffrey Pickerd, The University of Mississippi
David A. Wood, Brigham Young University

The Impact of Audit Data Analytics Technology on Audit Outcomes
Jee-Hae Lim, University of Hawaii
Jongwon Park, Monash University Caulfield
Gary Peters, University of Arkansas
Vernon J. Richardson, University of Arkansas

The Influence of Management’s Internal Audit Experience on Earnings Management
Matthew Ege, Texas A&M University
Timothy Seidel, Brigham Young University
Mikhail Sterin, Texas State University
David A. Wood, Brigham Young University

Do Chief Audit Executives Matter? Evidence from Turnover Events
Gerald Lobo, University of Houston
Meng Lyu, Fudan University
Bing Wang, Nanjing University
Joseph Zhang, The University of Memphis

6.02: Audit Quality
Auditing - 1.8 CH
Moderator: Michelle Draeger, Colorado State University

Are Auditors Rewarded for Low Audit Quality? The Case of the Insurance Industry
Matthew Ege, Texas A&M University
Sarah B. Stuber, Texas A&M University
Discussant: Anne Albrecht, Texas Christian University

Air Pollution and Audit Quality within the United States
Jade (Huayu) Chen, The University of Arizona
Paul N. Michas, The University of Arizona
Daniel Russomanno, The University of Arizona
Wenzi Zhuang, Sun Yat-sen University
Discussant: Linette M. Rousseau, University of Wisconsin–Madison

Audit Quality, Audit Pricing, and Nonaudit Services in the North Carolina Municipal Audit Market
Alfred Yebba, Binghamton University, SUNY
Randal J. Elder, The University of North Carolina at Greensboro
Ayalew A. Lulseged, The University of North Carolina at Greensboro
Discussant: Eric T. Rapley, Colorado State University

6.03: Diversity, Talent, and Volunteerism
Accounting - 1.8 CH
Session Chair: Jennifer R. Joe, University of Delaware

Audit Partner Ethnicity and Its Relation to Client Assignment, Audit Quality, and Discrimination
Jing Zhang, University of Colorado Denver
Zvi Singer, HEC Montreal
Gopal V. Krishnan, Bentley University

Career Advancement Based on Who You Know: Impact of Social Networks on Obtaining Challenging Assignments

R. Mithu Dey, Howard University
Lucy Lim, Howard University

Volunteer Work and Audit Quality.
Gus De Franco, Tulane University
Yuan Ji, The University of Texas at Arlington
Yinqi Zhang, American University

The Importance of Organizational Culture in Achieving Audit Quality: Evidence from the Adoption of Equalized Parental Leave
Ryan Ballestero, The University of Texas at Austin

Note: The CPE Fields of Study curriculum is divided into twenty subject matter areas. These fields represent the primary knowledge and skill areas needed by accounting licensees to perform professional services in all fields of employment. Sessions that offer CPE credit have the Field of Study and Credit Hours (CH) in red. Each Credit Hour is based on 50 minutes. The Program Level for each of these sessions is Basic, unless otherwise stated. Delivery Method: Group: Internet Based

American Accounting Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.learningmarket.org.

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