Professor of Accounting

Program Director, Ph.D. Program in Accounting, PricewaterhouseCoopers Fellow

Culverhouse School of Accountancy

Research Interests


Ph.D., Ohio State University
B.S., Ohio University


Winner, The University of Alabama Alumni Teaching Award. (2003).

Editorial Review Board Member, Accounting in the Public Interest. (April 2009 – Present).

Associate Editor, Journal of International Accounting Auditing and Taxation. (January 2008 – December 2013).

Selected Publications

“The Relevance of Non-GAAP Net Assets to Creditors: An Examination of the Credit Default Swap Market.” Co-authors Kelsey Brasel* and Mary Hill*. Advances in Accounting. 56 (2022)

“The Indirect Method: A Valuable Fraud Detection Tool.” Co-author Michael Dugan. Journal of Forensic and Investigative Accounting. 12,3 (2020) pp. 452-470.

“The Effect of the Type and Content of Audit Reports for Financially Stressed IPOs on Information Uncertainty.” Co-authors Steve Kaplan and David Williams. Auditing: A Journal of Practice and
Theory. February 39,1 (2020) pp. 151-172.

“Non-GAAP Measures and What the CPA Needs to Know.” Co-authors Seanna Asper* and Chris McCoy*. The CPA Journal. July (2019).

“Research and Development Expense and Analyst Forecast Errors: An Underestimation of Sales or Overestimation of Expenses?” Co-authors Mary Hill* and George Ruch*. Journal of Accounting, Auditing, and Finance Volume 4 October (2019): pp. 667-684.

“Estimating the Implied Discount Rate Associated with Multi-Year Trades of NFL Draft Picks” Co-authors Simon Medcalfe, Michael T. Dugan, Robert Ezell* (Macc graduate). Journal of Economics and Social Measurement 43 (2018) pp. 199-222.

“Fair Value and Abnormal Audit Fees” Co-authors T. S. Ryabova, K. Chen, and R. Vedd. International Journal of Accounting and Financial Reporting. Vol 8 (2018) No. 3. pp. 91-107.

“Keeping Pace: The Conditional Probability of Accounting Academics to Continue Publishing in Elite Accounting Journal.” Co-authors Kelsey Brasel*, Michael Dugan, and Mark Dawkins. Advances in Accounting, Volume 41 (2018): pp. 97-113.

“Effect of earnings management on firms’ stock repurchases behavior.” Co-author Randall Xu*. Journal of Finance and Accountancy. Volume 22 October (2017).

“Ethical Issues Related to Earnings Management: An Instructional Case.” Co-author Michael Dugan. Journal of the International Academy for Case Studies. 22.3, (2016). pp. 84-89. Print ISSN 1078-4950; Online ISSN

“Big 4 Auditor Office Size, Analysts’ Annual Earnings Forecasts and Client Earnings Management Behavior.” Co-author Sarah Garven*. Academy of Accounting and Financial Studies Journal Volume 19.3 (2015). pp. 103-124.

“Accounting Conservatism: A Review of the Literature.” Co-author George Ruch*. Journal of Accounting Literature February (2015) pp. 17- 38.

“What CPAs Need to Know about the FRF for SMEs.” Co-author Walt Robbins. The CPA Journal October (2014) pp. 22-27.

“Corporate Governance Practices: An Exploratory Study of the U. S. Nonprofit Healthcare Sector.” Co-author Walt Robbins. American International Journal of Social Science May (2014) Vol. 3 No. 3 pp. 1-10.

“Fair Value’s Effect on Accounting’s Ability to Predict Future Cash Flows.” Co-author Keji Chen, Greg Sommers, and Ramachandran Ramanan. Business Renaissance Quarterly Volume 8, Issue 2, Summer/Fall (2013) pp. 21-35.

“Management Accounting Systems Adoption: Evidence and Performance Implications from the Nonprofit Healthcare Sector.” Co-author Walter Robbins. International Research Journal of Applied Finance Volume IV Issue 8 (2013) pp. 939-953.

“Accruals and Value/Glamour Anomalies: The Same or Related Phenomena?” Co-author Randall Xu*. International Journal of Business and Management Volume 6.9 (2011) pp. 14-23.

“The Mutual Fund– An Institutional Investor that Acts Like an Individual.” Co-authors Spencer Usrey* and Ed Schnee. Spring 2011 Journal of the American Tax Association Volume 33 Issue 1 (2011) pp. 1-24.

“Consequences of Real Earnings Management on Firm Performance.” Co- author Randall Xu*. Research in Accounting Regulation Volume 22 (2010) pp. 128-132.

“The Association Between Insider Trading Surrounding Going Concern Audit Opinions and Future Bankruptcy.” Co-authors Jonathan Stanley* and Todd DeZoort. Managerial Auditing Journal Volume 24
Number 3 (2009) pp. 290-312.

“SSVS 1: Applying New Standards for CPAs Providing Valuation Services.” Co-author Walt Robbins. CPA Journal Volume LXXVIII No. 6 (June 2008) pp.54-60.

“Review of Real Earnings Management.” Co-authors Mike Dugan and Randall Xu*. Journal of Accounting Literature Volume 26 (2007) pp. 197-230. (151 citations)

“Using Forecast of Earnings to Simultaneously Estimate Growth and the Rate of Return on Equity Investment.” Co-authors Peter Easton, Pervin Shroff, and Theodore Sougiannis. Journal of Accounting Research Volume 40 Issue 3 (June 2002) pp. 657-677. (329 citations)

“Investor Dissatisfaction Toward Auditors.” Co-authors Barbara Sainty and Dave Williams. Journal of Accounting Auditing and Finance Volume 17 Issue 2 (Spring 2002) pp. 111-136.

“Questrom vs. Federated Department Stores, Inc.: A Question of Equity Value.” Co-authors Benton Gup and William Samson. Issues in Accounting Education. Volume 16 Number 2 (May 2001) pp. 223-256.

“Permanent and Transitory Earnings, Accounting Recording Lag, and the Earnings Coefficient.” Co-authors Peter Easton and Pervin Shroff. Review of Accounting Studies. Volume 5 Number 4 (December 2000) pp. 281-300.

“Consumer Perceptions of CPA WebTrust Assurances: Evidence of an Expectation Gap.” Co-Authored with Richard Houston. International Journal of Auditing Volume 3, Number 2 (July 1999) pp. 89-105.


Business Valuation and Performance Management. In Print. Digital Division Hunt Publishers. Created for the Macc 523 University of Alabama Financial Valuation Class. Completed October 2021.