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Department of Accounting

A photo of the outside of Douglas Hall in the evening with students walking by.

Welcome to the Department of Accounting

The accounting department is committed to quality in educational programming, research pursuits and community service. Education is a vital objective of the department. We deliver quality accounting education through a coordinated program of faculty advising and staff counseling. Internships are used as an additional vehicle to prepare students for the professional expectations of the workplace.

The department provides advanced study and synergistic programs through its graduate offerings, including the Master of Science in Accounting, joint Master of Science in Accounting/Master of Business Administration and Master of Business Administration accounting specialization. We ensure that graduates demonstrate proficiency in contemporary management skills such as information technology, communication techniques and teamwork. The program promotes a perspective of the global economy and cultural diversification necessary for the knowledge worker of the 21st century.

Commitment to research is an integral component of the department. We feature an academically respected and professionally qualified faculty who actively produce and support basic and applied research. Faculty research and teaching expectations emphasize individual strengths, interests and career development through a coordinated program of peer review, support and counsel. Our faculty pursue external service activities that enhance departmental visibility, reputation and presence at the local, national and international levels. We are dedicated to service to the students, college and university that enhances the university's urban mission.

Accounting Research Workshops

FALL 2016

  • November 18, 2016 – Raluca Chiorean, Lehigh Univ. Paper: "Earnings Management Through OCI Components"
  • November 16, 2016 – Siyi Li, University of Illinois at Chicago Paper: "Measuring Reporting Quality: Recognition versus Disclosure"
  • November 09, 2016 – Andy Call, Arizona State Univ. Paper: "Examining Changes in Analysts’ Stock Recommendations Following Regulatory Action Against Their Brokerage "
  • November 02, 2016 – Aiyesha Dey, University of Minnesota Paper: "Assessing the Relation between Taxes and Stock Returns: The Critical Role of Choosing the Tax Variable"
  • October 26, 2016 – Darren Roulstone, Ohio State Univ. Paper: "Tone Emphasis"
  • October 21, 2016 – Rick Laux, Penn State Univ. Paper: "Assessing the Relation between Taxes and Stock Returns: The Critical Role of Choosing the Tax Variable"
  • October 12, 2016 – Frank Zhang, Yale Univ. Paper: "Does financial reporting above or below the operating income matter to firms and investors? The case of investment income"
  • October 05, 2016 – Jeff Chen, University of Colorado Paper: "The Association between SFAS No. 157 Fair Value Conditional Accounting Conservatism"
  • September 21, 2016 – Jim Cannon, Iowa State Univ. Paper: "The Impact of International Takeover Laws on Corporate Resource Adjustments: Evidence from the Asymmetric Behavior of Selling, General, and Administrative Costs



  • April 19, 2016 - Carlo D'Agusto, Georgia State Univ. Paper: "Tone Conservation "
  • April 12, 2016 - Melvin Lamboy-Ruiz, Iowa State Univ. Paper: "The Impact of Regulatory Scrutiny on the Accrual-based and Real Earnings Management in Nonprofit and For-Profit U.S. Hospitals" 
  • April 05, 2016 - Paul Ma, Univ of Minnesota. Paper: "Forecasts of Earnings Announcements Dates: Evidence from a Mandatopry Regime".
  • March 17, 2016 - Xiaochuan (Kelly) Huang, Florida International Univ. Paper: "Internal Information Quality & Firm Innovation".
  • March 15, 2016 - Michael Ettredge, Univ of Kansas. Paper: "Metro Audit Market Competition, Audit Fees and Audit Quality".
  • March 01, 2016 - Clare Wang, Northwestern Univ. Paper: "Private Litigation Costs and Voluntary Disclosure: Evidence from the Morrison Ruling".
  • February 18, 2016 - Christopher Small, Univ of Iowa. Paer: "The Effect of Analysts on the Market REsponse to Earnings Announcements".
  • February 16, 2016 - Amanda Beck, Univ of Alabama. Paper: "Opportunistic Finanacial Reporting and Credit Market Participation in Municipalities".
  • February 16, 2016 - Hojun Seo, Washington Univ St Louis. Paper: "Peer Effects in Corporate Disclosure Decision".
  • February 09, 2016 - Anywhere (Siko) Sikochi, Penn State. Paper: "Corporate Families and Agency Costs of Debt".
  • February 04, 2016 - Sa-Pyung (Sean) Shin, Harvard. Paper: "Takeover Defenses in the Era of Shareholder Activism".
  • February 02, 2016 - Joseph Weber, Sloan School, MIT. Paper: "Direct Evidence on the Information Properties of Earnings in Loan Contracts".
  • January 28, 2016 - Leila Peyravan, Univ of Toronto. Paper: "Financial Reporting Quality and Dual-Holding of Dept and Equity".
  • January 26, 2016 - Allison Nicoletti, Ohio State Univ. Paper: "The Effectsof Auditors and Regulators on Bank Financial Reporting: Evidence from Loan loss Provisions".
  • January 19, 2016 - Nathan Goldman, Univ of Arizona. Paper: "The Effect of Tax Aggressiveness on Investment Efficiency".
  • January 14, 2016 - Vivek Raval, Kenan Flagler UNC. Paper: "Organizational Capital and the effects of Technology Shocks on Earnings".
  • January 12, 2016 - Jenny Zha, Univ of Cali, Berkeley. Paper: "Voluntary Disclosure of Stratrgic Alternatives: A Cost-Benefit Analysis".
  • January 08, 2016 - Thaddeur Neururer, Boston Univ. Paper: "The Effect of Voluntary Disclosure on Uncertainty Around Earnings Announcement".


FALL 2015

  • December 10, 2015 - Raluca Chiorean, U of I. Paper: "Real and Accounting effects of Mandatory Derivatives Disclosures".
  • December 08, 2015 - Erik Beardsley, Texas A&M Univ. Paper: "Interim Tax Reporting Accuracy".
  • November 24, 2015 - Herita Akamah, Univ of Oklahoma. Paper: "Strategic Non-Disclosure of Major Customer Identity".
  • November 19, 2015 - Lakshmana Moorthy, Rutgers Univ. Paper: "Regulation, Auditor Litigation and Settlements".
  • November 17, 2015 - Nick Hallman, Univ of Missouri. Paper: "Archival Evidence on Bias in Auditors Assessment of Client Risk and the Consequence of Audit Fees and Audit Changes".
  • November 10, 2015 - Erin Henry, Univ of Tennessee. Paper: "Corporate Tax Avoidance: DataTruncation Bias and Loss Firms".
  • November 03, 2015 - Jeremiah Green, Penn State. Paper: "Hedge Fund Voluntary Disclosure".
  • October 20, 2015 - Salman Arif, Indiana University, Bloomington. Paper: "Starving for Information: Does Reporting Frequency Affect How Earnings News Travels Around the World".
  • October 15, 2015 - Alexander Nekrasov, Univ of California at Irvine. Paper: "Headline Salience and Over-and Underreactions to Earnings".
  • October 08, 2015 - Eric Weisbrod, Univ of Miami. Paper: "Stockholders' Reference-Dependent Preferences and the Market Reaction to Financial Disclosure".
  • September, 17, 2015 - Thomas Bourveau, Hong Kong UST. Paper: "The Transmission of Corporate Culture: Evidence from Bank Acquisitions".



  • March 19, 2015 – Adam Borderman, Univ. of Colorado. Paper –“The Effect of Discretion in Accounting Standards on financial Reporting Comparability”
  • March 17, 2015 – Jason Chen, Univ. of Michigan. Paper –“Geographic dispersion of Investors and Price Discovery around Earnings Announcements”
  • March 5, 2015 – Koren Jo, Univ. of Texas at Dallas. Paper –“Aggregate Earnings: Time-series Properties and Forecasting Models”
  • February 26, 2015 – Rong Zhong, Univ. of Missouri- Columbia. Paper –“Firm Transparency and Innovation: International Evidence”
  • February 19, 2015 – Karen Ton, USC. Paper –“Do Shared Auditors Improve Audit? Evidence from Banking Relationships”
  • February 13, 2015 – Joe Pacelli, Cornell Univ. Paper –“Security Code Violations, Analysts Forecasts Quality, and Corporate Culture"
  • February 12, 2015 – Melissa Martin, ASU-Rice. Paper –“Executive  Compensation: A Firm Life Cycle Analysis”
  • February 10, 2015 – Paul Wong, Texas A&M. Paper –“The Influence of Institutional Investors on Analyst Earning Forecast Boldness and Accuracy”
  • February 3, 2015 – Ciao-Wei Chen, Univ. of Iowa. Paper –“The Disciple Role of Financial Statements: Evidence from Mergers and Acquisitions of privately Held targets”
  • January 29, 2015 – Scott Judd, Arizona state Univ. Paper –“Auditor industry specialization and Revenue Manipulation”
  • January 27, 2015 – Jane Barton, Indian Univ. Paper –“How does the presence of an audit affect the credibility of highly uncertain estimates?”
  • January 20, 2015 – Sarah Shaikh, Arizona State Univ. Paper –“Managerial Career concerns and earnings Forecasts”


FALL 2014

  • November 25, 2014 - Dennis Caplan, SUNY Albany. Paper – “Student Overconfidence at Grade Forecasts: Is it real or is it bravado?”
  • November 18, 2014 – Mathew Lyle, Northwestern. Paper - “Accounting Data Market Values and the cross section of expected returns Around the World”
  • November 13, 2014 – Andrew Schmidt, North Carolina State University. Paper -“Analysts and Taxes”
  • November 11, 2014 – Richard Willis, Vanderbilt Univ. Paper - “Political; Uncertainty and Corporate Tax Avoidance; Evidence from National elections around the World"
  • November 4, 2014 – Andrew Bauer, UIUC. Paper - “Tax Avoidance at public Corporations Driven by Shareholder Demand: Evidence from Changes in shareholder Dividend Tax Policy”
  • October 28, 2014 – Stephannie Larocque, Notre Dame. Paper - “Forecasting Tax Expense; New Direct Evidence from Analyst”
  • October 14, 2014 – Vishal Baloria, Boston college. Paper -“The Market for political Favours; Evidence from Analyst”
  • September 23, 2014 – Mary Billings, NYU. Paper - “On Guidance and Volatility”



  • May 08, 2014 – Brandis Phillips, Michigan state Univ. Paper –“On Search Cost and the Long Tail: The Moderating role of Search Cost”
  • April 22, 2014 – Gary Chen, University of Illinois at Chicago. Paper –“Corporate social Responsibility and the Informativeness of Stock Prices”
  • April 03, 2014 – Laura Wellman, Arizona State Univ. Paper –“The Benefits of a Relational approach to corporate Political Activity: Evidence from political Contributions to Tax Policymakers"
  • March 11, 2014 – Hyung Li Oh, Columbia Univ. Paper –“A New Accounting Approach to Evaluate M&A Prices and goodwill Allocations"
  • March 06, 2014 – Laura Wellman, Arizona state Univ. Paper –“From K street to Wallstreet: Politically Connected Analysis and Stock Recommendations”
  • February 27, 2014 – Spencer Pierce, Northwestern Univ. Paper –“Does the accounting for Derivatives affect Risk and Value?”
  • February 20, 2014 – Rick Johnston, Rice Univ. Paper –“Crowdsourcing Forecasts: Competition for Sell- Side Analysts?”
  • February 18, 2014 – Na li, Univ. of Toronto. Paper –“Impact of Mandatory changes in Convertible Debt Accounting: Evidence from APB 14-1"
  • February 13, 2014 – Michael Iselin, Ohio State Univ. Paper –“Estimating the Potential Impact of Requiring a Stand-Alone Board-Level Risk Committee”
  • February 06, 2014 – Joshua Gunn, Univ. of Missouri- Columbia. Paper –“City- Location and Sell- Side Analyst Research”. M
Weeky Research Workshops

Each week, accounting faculty from across the nation bring their latest research to faculty, staff and students. These workshops are held on Tuesday and Thursday afternoons in University Hall.

2017 Accounting Conference

The fifth annual mini-conference hosted by the Department of Accounting at UIC Business will be held September 8-9, 2017.

Past Accounting Conferences

2016 Accounting Conference

This conference was held under the auspices of the Dean’s Research Fund in cooperation with the Department of Accounting


Mary Brooke Billings, New York University, “Do Managers Respond to Litigation with Silence”

Bjorn Jorgensen, London School of Economics and Political Science, “Market-wide Effects of Off-Balance Sheet Disclosures: Evidence from the Oil Industry”

Sarah McVay, University of Washington, “Aggregate R&D Expenditures andFirm-Level Profitaility of R&D”

Michael Minnis, University of Chicago Booth School of Business, “Commercial Lending Concentration and Bank Expertise from Borrower Financial Statements”

Alex Nekrasov, University of Illinois at Chicago, “Opportunity Knocks but Once: Delayed Disclosure of Financial Items in Earnings Announcements and Analyst and Investor Neglect of earnings News”

Shivaram Rajgopal, Columbia University, “Corporate culture: Evidence from the Field”

Sugata Roychowdhury, Boston College, “Clarity Begins at Home: Internal Information Asymmetry and External Communication Quality”

2015 Accounting Conference

This conference was held under the auspices of the UIC Center for Education & Research in Financial Reporting Quality.


Anne Beatty, The Ohio State University, "Does Loan Loss Provision Timeliness affect the Accuracy, Informativeness, and Predictability of aalyst Provision Forecasts?"

Peter Easton, The University of Notre Dame, "A New Approach to Empirical Analysis of the Relation between Change in Value and Earnings"

Melissa Martin, The University of Illinois at Chicago, "Executive compensation: A Firm Life Cycle Analysis"

Maria Ogneva, The University of Southern California, "Predicting Restatemens in Macroeconomic Indicators using Accounting Information"

Thomas Omer, The University of Nebraska-Lincoln, "The Effects of regulatory scrutiny on Tax Avoidance: An Examination of SEC Comment Letters"

Karthik Ramanna, Harvard Business School, "Political standards: Corporate Intererst, Ideology, and Leadership in Shaping of Accounting Rules for the Market Economy"

Pervin Shroff, The University of Minnesota, "Active CDS Trading and Managers' Voluntary Disclosure"

2014 Accounting Conference


Elizabeth Blankespoor, Stanford University, "CEO Visibility: Are Media Stars Born or Made?"

Feng Li, University of Michigan, "Estimating the Amount of Estimation in Accruals"

Richard Mergenthaler, University of Iowa, "Principles-Based Standards and Earnings Attributes"

Partha Mohanram, University of Toronto, "Fundamental Analysis: A Comparison of Financial Statement Analysis Driven and Intrinsic Value Driven Approaches"

Douglas Skinner, University of Chicago, "The Evolution of Audit Market Structure and the Emergence of the Big 4: Evidence from Australia"

Theodore Sougiannis, University of Illinois, "Do analysts understand the economic and reporting complexities of derivatives?"

Laura Wellman, University of Illinois at Chicago, "From K Street to Wall Street: Politically Connected Analysts and Stock Recommendations"

2013 Accounting Conference

The theme of the 2013 CERFRQ Conference was "Financial Statement Articulation and Adjustments to Enhance the Quality of Financial Information." 


Philip Berger, Chicago Booth, "The Rational Modeling Hypothesis to Explain Analyst Underreaction to Earnings News"

Daniel Collins, University of Iowa, "Financial Statement Comparability and the Efficiency of Acquisition Decisions"

Alastair Lawrence, UC Berkeley, "SEC Comment Letters and Insider Sales"

Lian Fen Lee, Boston College, "The Role of Social Media in the Capital Market Consequences of Consumer Product Recalls"

Shail Pandit, University of Illinois at Chicago, "Do Compustat Financial Statement Data Articulate"

Stephen Penman, Columbia University, "Paper: Book Rate of Return, Risk, and the Information Conveyed by Conservative Accounting"

Jacob Thomas, Yale University, "Revisiting the Anomalous Distributions of EPS Forecast Errors"