Imdieke Quoted in WSJ's Morning Ledger
Andy Imdieke was quoted in the Wall Street Journal's Morning Ledger about his new research co-authored with Erik Beardsley that examines whether non-audit services to clients can help improve audit quality.…
News
Beardsley and Imdieke Paper Featured in CFO Journal
Erik Beardsley's and Andy Imdike's working paper with Tom Omer, "Too Much of a Good Thing? Evidence of a Nonlinear Association Between Non-Audit Services and Audit Quality," was recently cited in the Wall Street Journal's CFO Journal. Please see the article at https://cfo.cmail20.com/t/ViewEmail/d/49D3620DC31CA0962540EF23F30FEDED/0334350EAAFC5D3505AF428974F65BCD?alternativeLink=False. …
Larocque work published in Management Science
Stephannie Larocque's latest research, “Filling in the GAAPs in Individual Analysts’ Street Earnings Forecasts” was accepted by Management Science. A short abstract is below:
Analysts’ street earnings forecasts are an important source of market information that are sometimes based on GAAP earnings and sometimes based on non-GAAP earnings. In their paper, “Filling in the GAAPs in individual analysts’ street earnings forecasts,” the researchers examine the implications of variation across analysts in the earnings metric they forecast (i.e., GAAP vs. non-GAAP) for the same firm/quarter. They find that differences in the earnings metric forecasted is an important source of variation that predicts not only a lower earnings surprise but also lower stock returns and a lower earnings response.…
Greener Measures
Seven years ago, Laudato Si' called upon businesses to get serious about sustainability. Today Mendoza professors Sandra Vera-Muñoz, Peter Easton and Jessica McManus Warnell are putting the encyclical's words into action by showing what it takes to measure and manage environmental impact.
To read the full article, visit http://bizmagazine.nd.edu/issues/2022/spring-2022/greener-measures/ and keep an eye on the CARE website for the details regarding the 2022 CARE Conference, Accountability in a Sustainable World or email Lorie Marsh at lmarsh1@nd.edu to be added to the mailing list.…
2022 Faculty Awards
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Milani and Wittenbach Milestones
Please join me in thanking accountancy professors Ken Milani and Jim Wittenbach for 50 years of service to the University. Ken and Jim have served the College across 10 deanships (eight different deans) and shaped the College through their love of teaching, scholarship and research, dedication to the community, wisdom and humor.…
Vera-Munoz Wins Teaching Award
Sandra Vera-Munoz has received the Rev. Edmund P. Joyce, C.S.C., Awards for Excellence in Undergraduate Teaching. The awards are presented by the Office of the Provost, and the recipients are selected through a process that includes peer and student nominations. They honor faculty members who have had a profound influence on undergraduate students through sustained exemplary teaching, and, in particular, recognize professors who create environments that stimulate significant student learning, elevate students to a new level of intellectual engagement and foster students’ ability to express themselves effectively within their disciplines.…
Larocque Wins FARS Award
Please join me in congratulating Stephannie Larocque, who won a Financial Accounting and Reporting Section (FARS) Outstanding Discussion Award for her discussion at the 2022 FARS Midyear Meeting held virtually in January. This award recognizes those individuals who provide outstanding discussions of papers presented at the FARS Midyear Meeting. An outstanding discussion is one that is clear, constructive, and civil. That is, it provides valuable feedback for improving and understanding the contribution of the paper in a way that is clear to the audience and not demeaning to the authors.…
Vera-Munoz Research Wins Award
Please join me in congratulating Sandra Vera~Munoz, whose paper, "Climate-Risk Materiality and Firm Risk," (forthcoming in Review of Accounting Studies) has won the 2022 Mendoza Mission Research Award.
The annual award honors one or more Mendoza faculty members for a specific research publication that contributes to human flourishing in keeping with Mendoza’s imperative to Grow the Good in Business: to develop servant leadership that contributes to human flourishing, cooperates with solidarity and competes toward becoming the best version of ourselves, by the grace of God and with the help of others.
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Watkins 8-K Paper Accepted by TAR
Please join me in congratulating Jessie Watkins, whose paper, “Consequences of Prescribed Disclosure Timeliness: Evidence from Acceleration of the Form 8-K Filing Deadline,” has been accepted for publication at The Accounting Review.
Abstract:
I investigate capital market consequences of an increase in prescribed timeliness of firms’ mandatory disclosure of material events. Specifically, I examine an SEC regulatory change that accelerates the Form 8-K filing deadline and classify 8-Ks as likely to be constrained or unconstrained by the increase in prescribed timeliness. After the regulatory change, firms filing constrained 8-Ks exhibit increases in information asymmetry between investors and investor disagreement at the 8-K filing date relative to firms filing unconstrained 8-Ks. Moreover, the relative increases in information asymmetry and investor disagreement for firms filing constrained 8-Ks appear to be attributable to a decline in the length of and quantitative information included in 8-K disclosure. My findings shed light on the costs of a prescriptive approach to enhanced disclosure timeliness of ongoing disclosure.…
Tonia Murphy Invited to Write for Journal of Legal Studies Education
Please join me in congratulating Tonia Murphy, whose invited essay, "A Post-COVID Review of Classroom Practices," has been published in Volume 39 of the Journal of Legal Studies Education (Winter 2022).
Abstract: In this essay, a long-time professor of Business Law recounts her experiences teaching during the COVID-19 pandemic. The pandemic forced reexamination of classroom practices and brought certain lasting changes to her classroom--most notably better use of technology and changes in attendance policies. It also underscored the value of in-person instruction. …
Vera-Munoz Paper Published in RAST
Please join us in congratulating Professor Sandra Vera~Munoz, whose paper, “Climate Risk Materiality and Firm Risk", co-authored with Ella Mae Matsumura, University of Wisconsin-Madison and Rachna Prakash, University of Mississippi, has been accepted for publication in Review of Accounting Studies.
Abstract:…
Larocque Paper Accepted for Publication in Management Science
Please join me in congratulating Stephannie Larocque, whose paper, “Filling in the GAAPs in Individual Analysts’ Street Earnings Forecasts,” with Brian Bratten and Teri Yohn, has been accepted for publication in Management Science. Here is the abstract:
Analysts’ street earnings forecasts are commonly used to evaluate firm performance and estimate firm value. These forecasts are sometimes based on GAAP earnings and sometimes based on non-GAAP earnings, which exclude various GAAP earnings components. Therefore, differences in analysts’ street earnings forecasts may capture not only differences in expected performance but also differences in the earnings metric forecasted. We find that differences across analysts in the earnings metric forecasted are pervasive and consequential. We hypothesize and find that analysts who forecast non-GAAP street earnings, rather than GAAP street earnings, issue …
Burks presents work to SEC
Jeff Burks presented his new work, "Opaque Auditor Dismissal Disclosures: What Does Timing Reveal that Disclosures Do Not?," to the Securities and Exchange Commission.…
Tax Talk Column back in the South Bend Tribune
New Research Examines The Audit Partner’s Contribution To Financial Reporting Quality
In a study titled "Audit Partner Tenure and Accounting Estimate Quality” Andy Imdieke and his co-authors examined 6,277 audited financial statements issued by banks between 2010 and 2019. Through a confidential source, the researchers obtained the name of the audit partner who led the audit and the number of years the partner served on the engagement. The focus of the study was the length of time in which the audit partner worked on the bank’s audit and the loan loss reserve that is estimated each year by the bank and evaluated by their auditor. The study is authored by Yadav Gopalan of Indiana University and the Federal Reserve Bank of St. Louis, Andrew Imdieke from the University of Notre Dame, Joseph Schroeder of Indiana University, and Sarah Stuber from Texas A&M University.
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Burks Research Highlighted by WSJ
Please join me in congratulating Jeff Burks, whose Journal of Accounting and Public Policy (2021) article, "Opaque auditor dismissal disclosures: What does timing reveal that disclosures do not?," co-authored with our colleague and friend of the Department, Jennifer Sustersic Stevens (Ohio University), is featured in the Wall Street Journal at https://www.wsj.com/articles/when-companies-fire-their-auditors-timing-is-clue-to-future-trouble-11639391581…
2021 Notre Dame All-Faculty Team Recipient
Accountancy's Sandra Vera-Muñoz was honored as part of the 2021 Notre Dame All-Faculty Team during the ND-Cincinnati halftime. Provost Marie Lynn Miranda recognized Sandra for excellence in research and teaching, and service to the University. Congratulations, Sandra! Learn more about the award…
Burks Paper Accepted by JAPP
Please join me in congratulating Jeff Burks, whose paper, “Opaque Auditor Dismissal Disclosures: What Does Timing Reveal that Disclosures Do Not?,” co-authored with our former colleague and friend of the Department, Jennifer Stevens, has been accepted for publication by the Journal of Accounting and Public Policy…
Recent Scholarly Achievements
Please join me in congratulating John Donovan and Stephannie Larocque for their recent scholarly achievements:
John’s paper, "Private lenders’ use of analyst earnings forecasts when establishing debt covenant thresholds," coauthored with Jared Jennings (Washington University) and Andy Call (Arizona State University) has been accepted for publication at The Accounting Review…