2019 PCAOB/TAR Conference on Auditing and Capital Markets

Date: October 17-18, 2019


Organized by the PCAOB, Office of Economic and Risk Analysis, in conjunction with The Accounting Review.

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

Day 1 - Thursday, October 17, 2019


11:00 a.m. – 11:45 a.m.Registration
11:45 a.m – 12:30 p.m.
12:30 p.m. – 1:00 p.m.Opening Session

Nayantara Hensel, Chief Economist & Director, Economic & Risk Analysis, PCAOB
William D. Duhnke III, Chairman, PCAOB
W. Robert Knechel, University of Florida

1:00 p.m. – 2:30 p.m.Panel 1 – Fraud and Prediction Models

Bidisha Chakrabarty, St. Louis University, “Catch me if you can: Improving the Scope and Accuracy of Fraud Prediction”
Patrick Vorst, Maastricht University, “The Cost of Fraud Prediction Errors”
Jonathan Karpoff, University of Washington, “Predicting Financial Misrepresentation”
Chair/Discussant: Saad Siddiqui, PCAOB

2:30 p.m. – 2:45 p.m.BREAK
2:45 p.m. – 3:30 p.m.

Paper 1 – Nemit Shroff, MIT Sloan School of Management, “Insights into Auditor Public Oversight Boards: Whether, How, and Why they “Work”
Chair/Discussant: Steven Kachelmeier, University of Texas at Austin

3:30 p.m. – 5:00 p.m.Panel 2 – Audit Quality Topics

Jian Cao, Florida Atlantic University, “Did PCAOB Rules Concerning Independence and Tax Services Improve Audit Quality?  Further Evidence"
Jooanne Choi, Bentley University, “The Relation Between Audit-Firm Ownership Structure and Governance and Audit Effort and Audit Quality”
Jean Bédard, Laval University, “Design Issues in Studies on the Effect of Engagement Partner Identification on Audit Quality: Insight from a Natural Experiment”
Chair/Discussant: Patrick Kastein, PCAOB

5:15 p.m. – 6:15 p.m.Welcome Reception

Day 2 - Friday, October 18, 2019

7:30 a.m. – 8:00 a.m. Registration & Breakfast
8:00 a.m. – 9:30 a.m.Panel 3 – Audit Partner Topics

Clive Lennox, University of Southern California, “Sharing knowledge or proprietary information? An examination of audit clients who share the same audit partner.”
Jan Bouwens, University of Amsterdam, Netherlands, “Determinants of Audit Partner Compensation”
Nicholas J. Hallman, The University of Texas at Austin, “Does Audit Partner Proximity to Clients Matter?”
Chair/Discussant: John Powers, PCAOB

9:30 a.m. – 10:15 a.m.

Paper 2 – Denise Downey, Villanova University, and Kimberly Westermann, Orfalea College of Business, “Global Group Audits: The Perspective of U.S. Group Audit Leads”
Chair/Discussant: Nemit Shroff, MIT Sloan School of Management

10:15 a.m. – 11:00 a.m.

Paper 3 – Benjamin P. Commerford, University of Kentucky, “Complex Estimates and Auditor Reliance on Artificial Intelligence”
Chair/Discussant: Justin Leiby, University of Illinois

11:00 a.m. – 11:15 a.m.BREAK
11:15 a.m. – 12:45 p.m.

Panel 4 – PCAOB Initiatives, Board Members, Kathleen M. Hamm, J. Robert Brown, Jr., James G. Kaiser, & Duane M. DesParte
Chair/Discussant: Nayantara Hensel, PCAOB

12:45 p.m. – 1:00 p.m.Closing Remarks – Nayantara Hensel, PCAOB & W. Robert Knechel, University of Florida