Accounting Professors Receive Auditing Literature Award

Two accounting professors in the Sam M. Walton College of Business at the University of Arkansas are this year’s recipients of the American Accounting Association’s “Notable Contribution to the Auditing Literature” award.

James Myers and Linda Myers received the award for their 2003 article published in The Accounting Review.

Motivated by calls for mandatory auditor rotation, their research “Exploring the Term of the Auditor-Client Relationship and the Quality of Earnings: A Case for Mandatory Auditor Rotation” investigates whether longer auditor-client relationships reduce earnings quality. Contrary to arguments made by proponents of mandatory rotation, their results reveal that longer auditor tenure actually results in higher earnings quality.

The notable contribution award recognizes a published work of exceptional merit that makes a significant contribution to auditing or assurance research, education or practice. The award was presented at the 2014 Auditing Section Midyear Meeting in San Antonio, Texas.