The Center for Audit Quality has selected five new academic research proposals for funding.
The CAQ said Wednesday it had received 40 research proposals in response to a December 2011 request for proposals on such topics as financial reporting fraud deterrence and detection, professional skepticism and objectivity, audit quality, and the value of the audit.
After carefully considering the various proposals it received, the CAQ’s Research Advisory Board, comprising members of academia and the auditing profession, selected the following projects to receive funding:
• “Field Evidence of Auditor’s Views on Audit Quality and Earnings Quality” by Brant Christensen, Marjorie Shelley and Thomas C. Omer of Texas A&M University, and Steven M. Glover of Brigham Young University
• “A Field Investigation of Coordination and Communications in Globally Dispersed Audit Teams” by Denise Hanes of Bentley University
• “Field Study Examination of How Auditors Evaluate Internal Control over Financial Reporting: Implications for Practice and Research” by Jay Thibodeau of Bentley University, Jeffrey Cohen of Boston College, Jennifer Joe of Georgia State University, and Greg Tompeter of University of Central Florida
• “Learning More about Auditing Estimates Including Fair Value Measurements” by Mark Taylor of Case Western Reserve University, and Steven M. Glover of Brigham Young University
• “Evaluating the Intentionality of Misstatements: How Auditors Can Better Differentiate Errors from Fraud” by Erin Hamilton of the University of South Carolina
“The CAQ is committed to funding independent research that will augment the available academic literature as well as have practical applications to the work of public company auditors,” said CAQ executive director Cindy Fornelli in a statement. “The topics of the projects selected for funding focus on critical issues of interest to the profession and all audit quality stakeholders. The RAB has done an admirable job of conducting a thorough review and identifying outstanding projects to support.”
The CAQ’s research funding continues to provide opportunities for doctoral students as Texas A&M’s Christensen, Bentley’s Hanes and South Carolina’s Hamilton are all in accounting doctoral programs.
This is the fourth year that the CAQ has funded scholarly academic research. Five projects were selected for CAQ funding in 2009, three projects were chosen in 2010 and another five funded in 2011.
