Papers by Joseph Carcello
CEO Involvement in Selecting Board Members and Audit Committee Effectiveness
SSRN Electronic Journal, 2000
Enhancing Internal Audit Department Credibility: Internal Audit Directors' Perceptions of Serving Two Customers
Internal Auditing, 1997
COSO's New Fraud Study: What It Means for CPAs
Journal of Accountancy, May 1, 1999
COSO's new fraud study: what it means for CPAs by Mark S. Beasley , Joseph V.... more COSO's new fraud study: what it means for CPAs by Mark S. Beasley , Joseph V. Carcello , Dana R. Hermanson The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has just published a follow-up study to its landmark 1987 report.
Accounting Horizons, 2006
The Sarbanes-Oxley Act (SOX) requires the disclosure of whether the audit committee has a financi... more The Sarbanes-Oxley Act (SOX) requires the disclosure of whether the audit committee has a financial expert. We examine disclosures related to audit committee financial experts (ACFEs) in the first year that this disclosure requirement is in effect. We find that virtually all companies disclose whether an ACFE is on the audit committee, although the transparency of the disclosure regarding the ACFE's background is limited. We also find that most ACFEs do not have a background in accounting or finance, although there are notable differences between stock exchanges on this dimension. In addition, we find that companies designate ACFEs who would not have been identified using extant research methods, and companies fail to voluntarily designate many individuals who appear to qualify as an ACFE, particularly if another audit committee member is already designated as an ACFE. Thus, some companies appear to be extremely conservative in designating directors as ACFEs, possibly due to concerns about the legal liability faced by designated ACFEs. Finally, we identify certain company characteristics that are associated with the designation or type of financial expert on the audit committee.
Just say no
C C Users Journal, Aug 1, 1999
CEO Involvement in Selecting Board Members, Audit Committee Effectiveness, and Restatements
... pays où les investisseurs bénéficient d'une solide protection et où les marchés financie... more ... pays où les investisseurs bénéficient d'une solide protection et où les marchés financiers ont atteint ... Il en ressort que les choix comptables ont bel et bien de l'importance et ne ... famille, ce qui donne à penser que les actionnaires détenant le contrôle masquent la performance de l ...
Temporal changes in bankruptcy - related reporting
THE EFFECT OF AUDIT STANDARDS ON AUDITOR REPORTING: GOING-CONCERN OPINIONS IN BELGIUM
... Joseph V. Carcello University of Tennessee [email protected] Ann Vanstraelen Universiteit Antw... more ... Joseph V. Carcello University of Tennessee [email protected] Ann Vanstraelen Universiteit Antwerpen [email protected] Michael Willenborg University of Connecticut [email protected] ... Michael Willenborg thanks the University of Connecticut CIBER. ...
Fraudulent Financial Reporting: How Do We Close the Knowledge Gap?
Bankruptcy-Related Opinions: The Effects of Partner Compensation Plans, Client Size, and Office Size
ABSTRACT
Big Six Audit Fees and Client Satisfaction
ABSTRACT
Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earnings Management in a Post-SOX World
Page 1. Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earni... more Page 1. Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earnings Management Joseph V. Carcello University of Tennessee Carl W. Hollingsworth University of Tennessee April Klein New York University ...
Journal of Corporate Accounting & Finance, 2000
Auditor? fe a t u r e a r t i c l e 35
Financial Reporting Fraud: Could It Happen to You?
Journal of Corporate Accounting & Finance, 2001
ABSTRACT
When Bonding Fails: Audit Firm Oversight of US-Listed Chinese Companies
SSRN Electronic Journal, 2000
ABSTRACT Although "good" companies have incentives to signal their types by lis... more ABSTRACT Although "good" companies have incentives to signal their types by listing in the strict regulatory environment of the US, there have been an unprecedented number of recent accounting frauds by US-listed Chinese companies. We argue that the traditional bonding argument failed for US-listed Chinese companies due to a lack of audit quality and audit firm oversight. We find: 1) that US-listed Chinese companies were more likely than US-listed companies from other countries to avoid hiring high quality annually-inspected US audit firms, and 2) that investors reacted negatively to news that US regulators would be unable to provide oversight of Chinese auditors.
Market Reaction to the PCAOB's Inability to Conduct Foreign Inspections
SSRN Electronic Journal, 2000
... Brian T. Carver Mississippi State University PO Box EF Mississippi State, MS 39762 bcarver@co... more ... Brian T. Carver Mississippi State University PO Box EF Mississippi State, MS 39762 [email protected] (662) 325 ... Acknowledgements: We thank Reneé Adams, Bruce Behn, Scott Bronson, James Chyz, Brandon Cline, Larry Fauver, Rani Hoitash, Carl Hollingsworth ...
Audit Committee Characteristics and Auditor Reporting
SSRN Electronic Journal, 2000
ABSTRACT
Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earnings Management
SSRN Electronic Journal, 2000
Page 1. Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earni... more Page 1. Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earnings Management Joseph V. Carcello University of Tennessee Carl W. Hollingsworth University of Tennessee April Klein New York University ...
The International Journal of Accounting, 1996
The shift toward multinational corporations has exposed the auditor to many risks not found on do... more The shift toward multinational corporations has exposed the auditor to many risks not found on domestic audits, including foreign currency issues, international political risks, international economic risks, greater information asymmetry, and greater complexity. As the client base of the large accounting firms becomes more multinational, it is important to understand whether multinational risk factors are associated with “audit failures.” We
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Papers by Joseph Carcello