2014 Conference on Auditing and Capital Markets

The views expressed in the papers selected for presentation are those of the authors, and do not necessarily reflect the view of the PCAOB, Board members or staff.

Attendance is limited and by invitation only. Academics interested in receiving an invitation should contact CEA at CEA@pcaobus.org.

Agenda

*Denotes presenter

8 a.m. — 9 a.m. Registration and Breakfast
9 a.m. — 9:15 a.m.

Welcoming Remarks

  • Dr. Linda Livingstone, Dean, George Washington University School of Business
  • James Doty, Chairman, PCAOB
9:15 a.m. — 10:15 a.m.

Internal Control Weaknesses and Financial Reporting Fraud [View Paper]

  • Dain Donelson, University of Texas at Austin
  • Matthew Ege, University of Florida*
  • John McInnis, University of Texas at Austin 

Discussant: Hollis Skaife, University of California, Davis

    10:15 a.m. — 11:15 a.m.

    The Disclaimer Effect of Disclosing Critical Audit Matters in the Auditor's Report ​[View Paper]

    • Steven Kachelmeier, University of Texas at Austin*
    • Jaime Schmidt, University of Texas at Austin
    • Kristen Valentine, University of Texas at Austin

    Discussant: Mark Peecher, University of Illinois at Urbana-Champaign

      11:15 a.m. — 12:15 p.m.

      Credit Cycles and Financial Statement Verification [View Paper]

      • Petro Lisowsky, University of Illinois at Urbana-Champaign
      • Michael Minnis, University of Chicago*
      • Andrew Sutherland, University of Chicago

      Discussant: Itzhak Ben-David, Ohio State University

        12:15 p.m. - 1:45 p.m. Lunch
        1:45 p.m. - 2:45 p.m.

        Audit Partner Performance: A Network Perspective [View Paper]

        • Joanne Horton, University of Exeter
        • İrem Tuna, London Business School*
        • Anthony Wood, University of Exeter

        Discussant: Lauren Cohen, Harvard University

        2:45 p.m. - 3:45 p.m.

        Consequences of Auditor Reputation Loss: Market Reaction, Audit Fees, Auditor Change and Audit Quality in the Case of Satyam Ltd. and PricewaterhouseCoopers India [View Paper]

        • Sati BandyopadhyayUniversity of Waterloo
        • Ranjini JhaUniversity of Waterloo
        • Kaustav Sen, Pace University*

        Discussant:Suraj Srinivasan, Harvard University

          3:45 p.m. - 4:45 p.m.

          Do Auditor Provided Tax Services Generate Knowledge Spillover? [View Paper]

          • Preeti Choudhary, Georgetown University*
          • Allison Koester, Georgetown University
          • Robert Pawlewicz, George Mason University

          Discussant: Karen Nelson, Rice University

          4:45 p.m. - 5 p.m.

          Closing Remarks

          • Luigi Zingales, Founding Director, Center for Economic Analysis, PCAOB, and University of Chicago
          5 p.m. Refreshments and Open Discussion