Doug Prawitt

Doug Prawitt

LeRay McAllister/Deloitte Foundation Professor,
Accountancy, School of

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Biography

Doug earned his Ph.D. at the University of Arizona and is the LeRay McAllister/Deloitte Foundation Professor of Accountancy at Brigham Young University. He teaches financial statement auditing in BYU’s undergraduate and graduate accounting programs, and professional judgment and decision-making in BYU’s MBA program. He founded and leads BYU’s Accounting PhD Prep program, which has placed over 100 students in top quality PhD programs over the past fifteen years. Doug’s research has been published in The Accounting Review, The Journal of Accounting Research, Contemporary Accounting Research, Organizational Behavior & Human Decision Processes, Auditing: A Journal of Practice & Theory, Behavioral Research in Accounting, and others. Doug has also published award-winning articles in the top professional journals, and has coauthored eight books and monographs, including two leading college auditing textbooks. Doug has served on several professional committees and task forces, including five years on COSO’s Enterprise Risk Management and Small Business Guidance task forces. He served a three-year appointment as a member of the AICPA’s Auditing Standards Board, where he was heavily involved with internal control, auditor reporting, analytical procedures, and audit sampling, and he is currently serving a second three-year term as the AAA’s representative on the COSO board. He chaired the American Accounting Association’s 2004 Annual Meeting Committee and co-chaired the 2004 Auditing Section Mid-Year Meeting Committee. Doug has won several “best paper” awards for his research and has earned several awards at BYU, including the Marriott School Outstanding Research award in 1998, the Marriott School Teaching Excellence award in 2000, the Merrill J. Bateman Student Choice Teaching Award in 2002, BYU’s Wesley P. Lloyd Award for Distinction in Graduate Education in 2006, the AAA/Deloitte Wildman Medal Award in 2013, BYU's Marriott School Outstanding Faculty Award in 2016, and the AAA Outstanding Accounting Educator Award in 2016.

Education

  • PHD, BUSINESS ADMINISTRATION--ACCOUNTING, UNIVERSITY OF ARIZONA, 1993
  • BS, Accounting, Brigham Young University, 1988
  • MAcc, ACCOUNTING, BRIGHAM YOUNG UNIVERSITY, 1988

Group Affiliations

  • Institute of Internal Auditors (IIA) - Worldwide professional organization for internal auditing profession 1994
  • American Institute of Certified Public Accountants (AICPA) 1990

Selected Publications

  • "The Effects of Trust on Firms’ Financial Reporting and Assurance Practices", Journal of Accounting Research, University of Chicago, Chicago, Illinois.    
  • "Enhancing Auditor Professional Skeptism: The Professional Skepticism Continuum", Current Issues in Auditing, Edition 2, Volume 8, Issue 2, American Accounting Association, 2015.    
  • "Auditors’ Reactions to Inconsistencies between Financial and Nonfinancial Measures: The Interactive Effects of Fraud Risk Assessment and a Decision Prompt", Behavioral Research in Accounting, Volume In Press, American Accounting Association, Sarasota, Florida, 2014.    
  • "The COSO Framework and Tone at the Top from the Perspective of Independent Directors", Zicht op Toezicht (Perspective on Oversight), Volume June 2014, Ernst & Young International, Rotterdam, 2014.    
  • "Put COSO Update to Work", Journal of Accountancy, American Institute of CPAs, New York, New York, 2013.    
  • "Internal audit outsourcing and the risk of misleading or fraudulent financial reporting: Did Sarbanes-Oxley get it wrong?", Contemporary Accounting Research, Edition 4, Volume 29, Issue 4, Pages 1109-1136, 2012.    
  • "Publication benchmarking data based on faculty promoted at the top 75 US accounting research institutions", Issues in Accounting Education, Edition 3, Volume 27, Issue 3, Pages 647-670, American Accounting Association, 2012.    
  • "Firm-Level Formalization and Auditor Performance on Complex Tasks", Edition 2, Volume 24, Issue 2, Pages 193-210, ABO Section of American Accounting Association, Sarasota, Florida, 2012.    
  • "Reconciling archival and experimental research: Does internal audit contribution affect the external audit fee?", Behavioral Research in Accounting, Edition 2, Volume 23, Issue 2, Pages 187-206, 2011.    
  • "The Organizational Response to the Discovery of False Sign-off", International Journal of Disclosure and Governance, Volume 8, Pages 43-61, Palgrave-Macmillan, Hampshire, 2011.    
  • "Elevating Professional Judgment in Auditing: The KPMG Professional Judgment Framework", Pages 63, KPMG, 2011.    
  • "Internal audit quality and earnings management", The Accounting Review, Edition 4, Volume 84, Issue 4, Pages 1255-1280, 2009.    
  • "Auditing Standards Setting and Inspection for U.S. Public Companies: A Critical Assessment and Recommendations for Fundamental Change", Accounting Horizons, Edition 2, Volume 23, Issue 2, American Accounting Association, 2009.    
  • "Component Materiality for Group Audits", Journal of Accountancy, Volume December, Pages 42-46, AICPA, NY, 2008.    
  • "Internal audit sourcing arrangement and the external auditor's reliance decision", Contemporary Accounting Research, Edition 1, Volume 25, Issue 1, Pages 193-213, 2008.    
  • "Why Do Auditors Over-rely on Weak Analytical Procedures? The Role of Outcome and Precision", Auditing: A Journal of Practice and Theory, Volume 25, American Accounting Association, 2006.    
  • "Publication records of faculty promoted at the top 75 accounting research programs", Issues in Accounting Education, Edition 3, Volume 21, Issue 3, Pages 195-218, 2006.    
  • "An Introduction to Corporate Governance and the SEC", An Introduction to Corporate Governance and the SEC, Pages 198, South-Western, 2004.    
  • "A Test of Changes in Auditors' Fraud-Related Planning Judgments Since the Issuance of SAS No. 82", Auditing: A Journal of Practice and Theory, Volume 22, Pages 237-251, 2003.    
  • "E-Business: Principles and Strategies for Accountants, 2nd Edition", E-Business: Principles and Strategies for Accountants, 2nd Edition, Pages 181, Prentice Hall, Upper Saddle River, New Jersey, 2002.    
  • "Tax Planning Professionals Interpretations of Ambiguity in Compliance and Planning Decision Contexts", Journal of the American Taxation Association, Pages 75-89, 1999.    

Experience

    Professional
    • Accountant/Intern, Baxter Health Care Corporation 1988 - 1988
    • Accountant/Intern, The Church of Jesus Christ of Latter-day Saints, Welfare Division 1984 - 1985

Awards

  • 2010 Best Paper Award--Glen McLaughlin Prize for Research in Accounting Ethics , University of Oklahoma , 2010
  • 2010 Best Paper Award--Lehigh University , Lehigh University 2010 Conference on Financial Reporting, Auditing and Governance , 2010
  • Innovation in Accounting Education Award (on behalf of Ph.D. Prep program) , American Accounting Association , 2007
  • Issues in Accounting Education Best Paper Award , American Accounting Association , 2007
  • Wesley P. Lloyd Award for Distinction in Graduate Education , Brigham Young University , 2007
  • Glen Ardis Professorship , Marriott School , 2005
  • Merrill J. Bateman Student Choice Teaching Award , BYU Management Society , 2002
  • University Young Scholar Fellowship Award , Brigham Young University , 2001
  • Marriott School Teaching Excellence Award , Brigham Young University , 2000
  • Marriott School Outstanding Young Researcher Award , Brigham Young University , 1998
  • SOAIS Outstanding Scholarship Award , Brigham Young University , 1997
  • Teaching Excellence Award for Management Skills , Brigham Young University , 1996
  • Warnick/Deloitte & Touche Research Fellow, 1995-2001 , Brigham Young University , 1995
  • Doctoral Consortium Fellow , American Accounting Association , 1991
  • "Emerging Research Award" , Public Interest Section of the American Accounting Association
  • AAA/Deloitte Wildman Medal Award, 2013 , American Accounting Association/Deloitte
  • AAA Issues in Accounting Education 2013 Best Paper Award , American Accounting Association
  • Innovation in Auditing and Assurance Education Award , AAA Auditing Section
  • Outstanding Accounting Educator , American Accounting Association
  • Outstanding Faculty Award , BYU Marriott School

Languages

  • Spanish

Certificates and Licenses

  • Certified Public Accountant American Institute of Certified Public Accountants 1990

BYU Citizenship

  • BYU Task Force on Peer Review of Teaching Committee/Council Member September, 2016
  • Ph.D. Prep Track Program Chair/Coordinator 1998
  • Faculty Advisory Council (FAC) Committee/Council Chair September, 2014 - May, 2016
  • SOA Accounting Research Symposium Committee/Council Member 2004 - December, 2014
  • Faculty Advisory Council Committee/Council Member September, 2012 - August, 2014
  • University Rank & Status Council Committee/Council Chair 2011 - 2011
  • University Rank & Status Council Committee/Council Chair 2010 - 2010
  • University Rank & Status Council Committee/Council Member 2009 - 2009
  • SOA Evaluation Committee Committee/Council Member 2008 - 2008
  • Junior Core Restructuring Committee Committee/Council Member 2004 - 2004
  • Citizenship Expectations Committee Committee/Council Chair 2003 - 2003
  • College Journals Committee Committee/Council Member 2002 - 2002
  • EMBA Admissions Committee Committee/Council Member 2002 - 2002
  • College Evaluation (Rank & Status) Committee Committee/Council Member 2000 - 2002
  • College Journals Committee Committee/Council Member 2001 - 2001
  • College Executive Education Committee Committee/Council Member 2000 - 2001
  • SOAIS Newsletter Editor Other 2000 - 2000
  • SCUFF Committee Committee/Council Member 1999 - 2000
  • Technology Committee Committee/Council Chair 1999 - 1999
  • Systems Minor Ad hoc Committee Committee/Council Member 1998 - 1998
  • MAcc Professional Stem Curriculum Committee Committee/Council Member 1997 - 1997
  • SOAIS Appropriations Committee Committee/Council Member 1996 - 1996

Professional Citizenship

  • Center for Audit Quality (CAQ) Access to Audit Personnel Committee Committee/Council Member January, 2015
  • AAA Accounting, Behavior, & Organizations Publication Committee, American Accounting Association Committee/Council Member August, 2014
  • COSO (Committee of Sponsoring Organizations of the Treadway Commission) Board Member September, 2011
  • KPMG Academic Research Panel Committee/Council Member September, 2011
  • AAA Auditing Section AJPT Best Paper Award Committee Committee/Council Member August, 2015 - July, 2016
  • AAA Wildman Medal Award Committee Committee/Council Chair August, 2014 - August, 2015
  • Accounting Horizons Editor, Associate Editor June, 2011 - June, 2015
  • Auditing: A Journal of Practice & Theory Editorial Review Board Member 2004 - 2014
  • Auditing Section of the American Accounting Association, Selection Committee for Notable Contribution to the Auditing Literature Award Committee/Council Member June, 2010 - January, 2011
  • Behavioral Research in Accounting Editorial Review Board Member 2006 - 2009
  • Accounting Horizons Editorial Review Board Member 2004 - 2009
  • AICPA Auditing Standards Board Board Member October, 2005 - October, 2008
  • AICPA Faculty Shortage Advisory Committee Committee/Council Member 2006 - 2006
  • COSO Small Business Guidance Task Force Committee/Council Chair 2005 - 2006
  • Distinguished Service Award Nominating Committee of the AAA Auditing Section Committee/Council Member 2005 - 2005
  • COSO Enterprise Risk Management Task Force Committee/Council Member 2000 - 2005
  • AAA Auditing Section Officer Nominations Committee Committee/Council Member 2004 - 2004
  • American Accounting Association Auditing Section Midyear Conference Planning Committee Committee/Council Chair 2004 - 2004
  • American Accounting Association Annual Conference Committee/Council Chair 2003 - 2004
  • Advanced Technology Committee, Institute of Internal Auditors Committee/Council Member 2001 - 2001
  • AAA Auditing Section Education Committee/Council Member 1997 - 2000
  • IIA/AAA (Institute of Internal Auditors & AAA) Independence & Objectivity Task Force Committee/Council Member 1997 - 1999
  • Contemporary Accounting Research Reviewer, Ad Hoc Reviewer - 1996
  • Issues in Accounting Education Reviewer, Ad Hoc Reviewer - 1996

Presentations

  • How to Integrate the COSO Enterprise Risk Management (ERM) - Integrated Framework in your courses - American Accounting Association - AAA Auditing Section Webinar - 2016
  • Incorporating Professional Skepticism into the Auditing Standards - American Institute of CPAs - Spring Meeting of the AICPA Auditing Standards Board (ASB) - 2016
  • Accelerating the Professional Judgment of Junior Auditors - HBL International - Annual Partners' Meeting--HBL International - 2015
  • Incorporating Professional Judgment Concepts in Professional Auditing Standards - International Auditing & Assurance Standards Board (IAASB) - Meeting of the Consultative Advisory Group of the IAASB - 2015
  • Key Concepts in Enhancing Auditor Professional Skepticism - International Auditing & Assurance Standards Board (IAASB) - Board Meeting of the IAASB - 2015
  • Professional Judgment & Decision Making: Vital Concepts for Corporate Executives - Jackson National Life Corporation - Jackson National Life Corporation Executives Conference - 2015
  • Professional Judgment and the Internal Auditor - LDS Church Education System - LDS Church Education System Internal Auditors’ Conference - 2015
  • The 2013 Revision of COSO’s Internal Control Framework: What We Learned and What’s Next - Brigham Young University School of Accountancy - 2015 BYU SOA Accounting Alumni Conference - 2015
  • Avoiding Traps and Biases in Managerial Judgment and Decision Making - American Institute of CPAs - AICPA Governmental & Not-for-Profit Training Conference - 2014
  • COSO y su Importancia en la Auditoría Interna - Mexican Institute of Internal Auditors - 30th Anniversary Conference of the Mexican Institute of Internal Auditors - 2014
  • Enhancing Professional Judgment and Professional Skepticism in Auditing - International Federation of Accountants - Internal Federation of Accountants "Forum of Firms" Annual Conference - 2014
  • Exercising Consistently High Quality Professional Judgment - Deloitte LLP and Boise State University - Gem State Business & Accounting Conference - 2014
  • Professional Judgment in Auditing: Professional Judgment Frameworks as Teaching Tools - American Accounting Association - Webinar for Auditing Section of American Accounting Association - 2014
  • Teaching with Cases in the Undergraduate Auditing Course - American Accounting Association - American Accounting Association Annual Meeting - 2014
  • The Future of Accounting Doctoral Education - American Accounting Association - American Accounting Association Annual Meeting - 2014
  • Auditor Objectivity and Skepticism—What’s Next? - American Accounting Association - American Accounting Association Annual Meeting - 2013
  • Junior Faculty Career Achievement, Advice from Accomplished Senior Faculty Panel - American Accounting Association - AAA Auditing Section Midyear Meeting - 2013
  • Professional Judgment: Insights from Research in Psychology - Association of Credit Union Internal Auditors - Quarterly Meeting of the Utah Chapter of the Association of Credit Union Internal Auditors - 2013
  • Trust and Financial Reporting - American Accounting Association - AAA Auditing Section Midyear Meeting - 2013
  • Communications with Audit Committees – What Changes with AS 16? - Center for Audit Quality and AAA Auditing Section - Center for Audit Quality/ AAA Auditing Section Webinar - 2012
  • COSO’s Internal Control—Integrated Framework Exposure Draft: Explained - American Institute of CPAs - American Institute of CPAs Webinar - 2012
  • Professional Judgment: Insights from Research in Psychology - Utah Chapter of Institute of Internal Auditors - IIA Utah Chapter Quarterly Meeting - 2012
  • Elevating Professional Judgment: The KPMG Professional Judgment Initiative - American Accounting Association - American Accounting Association Annual Conference - 2011
  • The Effect of Information Pursuit on Auditors’ Judgments and Confidence - Bentley University - North Eastern Behavioral Research Symposium - 2011
  • The Impact of Academic Research on Auditing Practice - AICPA Center for Audit Quality - AICPA Center for Audit Quality Annual Symposium - 2011
  • Improving Fraud Detection: Do Auditors React Appropriately to Abnormal Inconsistencies between Financial and Nonfinancial Measures? - - American Accounting Association Auditing Section Midyear Conference - 2010
  • Research in Internal Auditing: Issues & Opportunities - - American Accounting Association Auditing Section Midyear Conference - 2010
  • Bringing Current Developments in Public Accounting to the Auditing Classroom - - AAA Auditing Section Audit Bootcamp - 2009
  • Financial Statement Auditing Standards: A Context for Understanding Current Developments - - 2009 Accounting and Auditing Conference of the Pennsylvania Institute of CPAs - 2009
  • Getting the Right Mix of Theory and Practical Insights in Auditing Research - - AAA Auditing Section Mid-year Conference Doctoral Consortium - 2009
  • Internal Audit Outsourcing and the Risk of Misleading or Fraudulent Financial Reporting: Did Sarbanes-Oxley Get it Wrong? - - International Symposium on Auditing Research - 2009
  • The Financial Statement Auditing Standard Setting Environment in the U.S.: Implications for Educators - - AAA Auditing Section Mid-year Conference Doctoral Consortium - 2009
  • The Current State and Future of Research in Auditing" - - AAA Auditing Section Annual Midyear Conference - 2008
  • The Financial Statement Auditing Standards Setting Environment - - Annual BYU Accounting Research Symposium - 2008
  • Innovation in Accounting Education Award Recipients' Presentation: The BYU Ph.D. Prep Program - - American Accounting Association - 2007
  • "COSO's New Internal Control Guidance" - - European Internal Controls Congress 2006 - 2006
  • 'Managing Risk across the Enterprise: A Look at COSO's Enterprise Risk Management Framework' - - Utah Chapter of the Risk and Insurance Management Society - 2006
  • Attracting MAcc Students into Doctoral Programs: BYU's Ph.D.-Prep Program - - 2005 American Accounting Association Annual Conference - 2005
  • COSO: Control Guidance for Smaller Public Companies and Related Research Opportunities - - 2005 American Accounting Association Annual Conference - 2005
  • Why Do Auditors Over-Rely on Weak Analytical Procedures? The Role of Outcome and Insensitivity to Precision. - - Invited presentation to faculty research workshop - 2004
  • Research Opportunities in Internal Auditing - - American Accounting Association Auditing Section Mid-year Conference - 2003
  • Strategies to Prepare for and Pass the CPA Exam - - Beta Alpha Psi, BYU - 2001
  • The eCPA: eBusiness Principles and Strategies for Accountants - - Attendees of Marriott Schools 7th Annual Management Conference - 2001
  • The Emergence of e-Business: Implications for Auditors - - Institute of Internal Auditors, Utah Chapter - 2000
  • The Influence of Audit Structure and Locus of Control on Job Performance - - AAA/BAA 2nd Globalization Conference - 2000
  • The Influence of Audit Structure and Locus of Control on Job Performance - - American Accounting Association Annual Meeting - 2000
  • A Framework for Internal Auditor Independence and Objetivity, - - Annual AAA Auditing Section Mid-Year Meeting - 1999
  • The Influence of Audit Structure and Locus of Control on Job Stress, Satisfaction, and Performance, - - Washington State University - 1999
  • Commentary on A Desciptive Study of the Influence of Client Factors on Audit Time Budget Variances, - - American Accounting Association Mid-Year Auditing Conference - 1998
  • Commentary on Improving Bond Rating Accuracy with a Combination of Human Intuition and Statistical Prediction, - - Accounting, Behavior and Organizations Research Conference - 1998
  • Managed Objectivity: A New Paradigm for Internal Auditors, - - Mid-Year Conference, Institute of Internal Auditors - 1998
  • Discussion of: Anchoring Effects Associated with Recommendations from Expert Decision Aids, - - Accounting, Behavior, and Organizations (ABO) Research Conference - 1997
  • Discussion of: Auditors Independence, Self Interested Behavior, and Ethics: Some Experimental Evidence, - - University of Oklahomas Ethics and Economic Behavior in Accounting & Taxation Research Conference - 1997
  • Discussion of: Influencing Decision Aid Reliance through Involvement in the Information Selection Process, - - Accounting, Behavior, and Organizations (ABO) Research Conference - 1997
  • Current Topics in Auditing: An Update - - Third Annual BYU Accounting Conference - 1996
  • Discussion of Auditors Influences on Earnings Management: Evidence from the Alternative Minimum Tax, - - American Accounting Association Western Region 31st Annual Meeting - 1996
  • Discussion of Factors Influencing Municipal Audit Delay, - - American Accounting Association Western Region 31st Annual Meeting. - 1996
  • Innovations in BYUs Accounting Curriculum: A Post-Implementation Assessment and Directions for the Future, - - American Accounting Association Western Region 31st Annual Meeting. - 1996
  • Making Auditing Curriculum Revisions: The Experiences of an AECC Grant School, - - American Accounting Association Mid-Year Auditing Conference - 1996
  • The Influence of Decision Aids on User Behavior: Implications for Knowledge Acquisition and Inappropriate Reliance, - - American Accounting Association Western Region 31st Annual Meeting - 1996
  • The Influence of Decision Aids on User Behavior: Implications for Knowledge Acquisition and Inapropriate Reliance, - - American Accounting Association Mid-Year Auditing Conference - 1996