Faculty Directory

Professor Emeritus of Accounting

Education

PhD University of Washington (1982)

MBA University of Washington (1978)

BS Oregon State University (1968)

Academic Expertise

Current Research

Public policy issues related to the quality of financial reporting and auditing, including restatements, materiality, audit litigation, the pricing of audit services, and non-audit services.

Positions Held

At the University of Washington since 2011

Accounting Circle Professor Emerita of Accounting, University of Southern California, 2011-Present

Deputy Chief Accountant for Professional Practice in the Office of the Chief Accountant, Securities and Exchange Commission, 2006-2008

Professor (and Associate Professor), University of Southern California, 1989-2011

Assistant Professor, University of California at Berkeley, 1982-1989

Selected Publications

“PCAOB Audit Regulations a Decade After SOX: Where It Stands and What the Future Holds”
Palmrose, Z. V. (2013). Accounting Horizons, Vol. 27(4), pp. 775–798.

“CEO Involvement in Selecting Board Members, Audit Committee Effectiveness, and Restatements”
Carcello, J., Neal, T., Palmrose, Z. V., & Scholz, S. (2011). Contemporary Accounting Research, Vol. 28(2), pp. 396–430.

“Balancing the Costs and Benefits of Auditing and Financial Reporting Regulation Post-SOX: Perspectives from the Nexus at the SEC, Part II”
Palmrose, Z. V. (2010). Accounting Horizons, Vol. 24(3), pp. 487–507.

“Balancing the Costs and Benefits of Auditing and Financial Reporting Regulation Post-SOX: Perspectives from the Nexus at the SEC, Part I”
Palmrose, Z. V. (2010). Accounting Horizons, Vol. 24(2), pp. 313–326.

“Commentary: ‘Can Science Help Solve the Economic Crisis?’”
Brown, M., Kauffman, S., Palmrose, Z. V., & Smolin, L. (2008). Edge.

“Maintaining the Value and Viability of Auditors as Gatekeepers under SOX: An Auditing Master Proposal”
Fuchita, Y., & Litan, R. E. (Eds.). (2006). Maintaining the Value and Viability of Auditors as Gatekeepers under SOX: An Auditing Master Proposal. In Financial Gatekeepers: Can They Protect Investors? Brookings Institution Press and the Nomura Institute of Capital Markets Research, pp. 103–135.

“Thog’s Guide to Quantum Economics: 50,000 Years of Accounting Basics for the Future”
Brown, M., & Palmrose, Z. V. (2005). MAC Productions.

“The Effect of Quantitative Materiality Approach on Auditors’ Adjustment Decisions”
Nelson, P., Palmrose, Z. V., & Smith, S. (2005). The Accounting Review, Vol. 80(3), pp. 897–920.

“The Accounting Causes and Legal Consequences of Non-GAAP Reporting: Evidence from Restatements”
Palmrose, Z. V., & Scholz, S. (2004). Contemporary Accounting Research, Vol. 21(1), pp. 139–180.

“Auditor Independence, Non-Audit Services, and Restatements: Was the Government Right?”
Kinney, W. R., Palmrose, Z. V., & Scholz, S. (2004). Journal of Accounting Research, Vol. 42(3), pp. 561–588.

Honors and Awards

USC Accounting Circle Professor of Accounting (2010-2011)

National PricewaterhouseCoopers Fellow (2010-2011)

Distinguished Visiting Faculty at American Accounting Association Doctoral Consortium

(1993, 1995, 2003, 2010)

USC Parents Association Teaching and Mentoring Nominee (2009)

American Accounting Association Presidential Scholar (2008)

Named one of Treasury and Risk Magazine’s 100 Most Influential People in Finance

(2008)

U.S. Securities and Exchange Commission Law and Policy Award, Presented to the

Sarbanes-Oxley 404 Team (2007)

Dean’s Award for Research Excellence, USC Marshall School of Business (2006)

Named one of Business Finance Magazine’s Influencers in 2004, 2005, and 2007

American Accounting Association/Deloitte Wildman Medal (2003 and 2006)

American Accounting Association Auditing Section Distinguished Service Award (2003)

PricewaterhouseCoopers Auditing Professor (1998-2006, 2008-2010)

Price Waterhouse Auditing Professor (1996-1998)

Price Waterhouse Faculty Fellow (1990-1996)

California Society of CPAs Accounting Faculty Fellow Award (1988)

American Accounting Association Competitive Manuscript Award (1987)

Academic Service

Director UW Masters in Professional Accounting, Audit and Assurance Program (since 2012)

Deloitte Audit Quality Advisory Council (since 2013)

Center for Audit Quality Research Advisory Board (since 2008)

SEC Historical Society Museum Committee (2008-2011)

U.S. Department of the Treasury Advisory Committee on the Auditing Profession,

SEC Observer (2007-2008)

Public Company Accounting Oversight Board Standing Advisory Group,

SEC Observer (2006-2008)

American Accounting Association Executive Committee (2002-2004)

American Accounting Association Vice President—Research (2002-2004)

American Institute of Certified Public Accountants Auditing Standards Board Fraud Task

Force that developed and drafted SAS No. 99, Consideration of Fraud in a Financial Statement Audit (2000-2002)

Public Oversight Board Panel on Audit Effectiveness (1998-2000)

American Accounting Association Auditing Section, Secretary-Treasurer (1989-1991)

American Accounting Association Auditing Section, Research Director and Chair of the

Research Committee (1989-1991)

Research Consultant to the National Commission on Fraudulent Financial Reporting

(Treadway Commission) (1986)

Editoral Board Member of The Accounting Review, Journal of Accounting and Public

Policy, Accounting Horizons, Auditing: "A Journal of Practice & Theory," and Issues in Accounting Education (for various terms during 1983-2014)