Head shot of Jeff Wilks

Jeff Wilks (On Leave)

EY Professor,
School of Accountancy
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Website: http://marriottschool.byu.edu/directory/details?id=5337

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Biography

Jeff is the EY Professor and former director of BYU’s School of Accountancy. He is the recipient of the 2022 AAA/Deloitte J. Michael and Mary Ann Cook Teaching Prize and the founder of RevenueHub®, which has published over 100 articles on ASC Topic 606, Revenue Recognition. Jeff served as an academic fellow at the FASB and a technical consultant to the IASB, where he managed the revenue recognition project. He also co-authored the FASB/IASB Discussion Paper on Revenue Recognition, the foundation of ASC Topic 606 and IFRS 15, Revenue from Contracts with Customers.

Jeff has served as a technical advisor to Connor Group, providing GAAP and SEC reporting guidance to firms preparing for IPO. He has served as a consulting expert for the SEC and an expert witness in various cases. Jeff has served as a member of the FASAC and the AICPA’s Revenue Recognition Task Force. He is a member of Deloitte’s Center for Controllership and currently serves on the audit committee of Deseret Management Corporation. Jeff has published in The Accounting Review; Review of Accounting Studies; Contemporary Accounting Research; Auditing: A Journal of Practice & Theory; Accounting Horizons, and Management Science. He has also served as Co-Senior Editor of Accounting Horizons.

Education

  • Ph.D., Accounting, Cornell University, 2000
  • M.S., Accounting, Cornell University, 1999
  • B.S., Accounting, Brigham Young University, 1995

Group Affiliations

  • National Association of Corporate Directors — 2018–2020

Selected Publications

  • "Current Issues Faced by Controllers", Accounting Horizons, American Accounting Association, 2023
  • "The ICFR Process: Perspectives of Accounting Executives at Large Public Companies", Contemporary Accounting Research, Edition 3, Volume 40, Pages 1671-1703, Wiley, 2023
  • "Relevance of accounting research (ROAR) scores: Ratings of abstracts by accounting professionals", Accounting Horizons, Edition 2, Volume 36, Pages 7-18, American Accounting Association, 2022
  • "Do We Matter? Attention the General Public, Policy Makers, and Academics Give to Accounting Research", Issues in Accounting Education, Edition 1, Volume 36, Pages 1-22, 2021
  • "The effects of out-of-regime guidance on auditor judgments about appropriate application of accounting standards", Contemporary Accounting Research, 2017
  • "A Synthesis of Three Commentaries on Measurement and Performance Reporting", Accounting Horizons, Edition 4, Volume 30, American Accounting Association, Saratoga Springs, Florida, 2016
  • "The earnings quality and information processing effects of accounting consistency", The Accounting Review, Edition 6, Volume 90, Pages 2483-2514, American Accounting Association, Sarasota, Florida, Charles M.C. Lee, 2015
  • "Accounting faculty experiences with practice-oriented fellowships", Accounting Horizons, Edition 2, Volume 27, Pages 229-247, American Accounting Association, Saratoga Springs, Florida, Dana Hermanson and Terry Shevlin, 2013
  • "Using Professional Judgment in Auditing: McGladrey’s Framework", McGladrey, 2012
  • "Accounting for lease renewal options: The informational effects of unit of account choices", The Accounting Review, Edition 1, Volume 87, American Accounting Association, Sarasota, Florida, Steve Kachelmeier, 2012
  • "A Perspective on the Joint IASB/FASB Exposure Draft on Accounting for Leases", Accounting Horizons, Edition 4, Volume 25, Pages 861-871, American Accounting Association, Sarasota, Florida, Dana R. Hermanson and Terry Shevlin, 2011
  • "The Impact of Audit Penalty Distributions on the Detection and Frequency of Fraudulent Reporting", Review of Accounting Studies, Edition 4, Volume 16, Pages 843-865, 2011
  • "Reconsidering Revenue Recognition", Accounting Horizons, Volume 23, Pages 55-68, American Accounting Association, Saratoga, Florida, 2009
  • "Preliminary Views on Revenue Recognition in Contracts with Customers", Preliminary Views on Revenue Recognition in Contracts with Customers, IASB and FASB, London, U.K., and Norwalk, CT, 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
  • "Auditing Fair Value Measurements: A Synthesis of Relevant Research", Accounting Horizons, Volume 20, Pages 287-303, American Accounting Association, Saratoga, Florida, 2006
  • "Decomposition of Fraud Risk Assessments and Auditors' Sensitivity to Fraud Cues", Contemporary Accounting Research, Volume 21, Pages 719-745, 2004
  • "Using Game Theory and Strategic Reasoning Concepts to Prevent and Detect Fraud", Accounting Horizons, Volume 18, Pages 173-184, 2004
  • "Predecisional distortion of evidence as a consequence of real-time audit review.", The Accounting Review, Volume 77, Pages 51-71, 2002
  • "Disclosure effects in the laboratory: Liquidity, depth, and the cost of capital", The Accounting Review, Volume 75, Pages 13-41, 2000
  • "Predecisional distortion of information by auditors and salespersons", Management Science, Volume 46, Pages 13-27, 2000

Experience

Professional

  • Academic Advisor / Technical Consultant, International Accounting Standards Board, 2008–2009
  • Project Manager - Revenue Recognition, Financial Accounting Standards Board, 2006–2008

Awards

  • 2023 Outstanding Faculty Award, BYU Marriott School of Business, 2023
  • American Accounting Association / J. Michael & Mary Anne Cook / Deloitte Foundation Prize, American Accounting Association & Deloitte Foundation, 2022
  • 2017 Marriott School Outstanding Citizenship Award, BYU Marriott School, 2017
  • 2016 Outstanding Educator Award, Utah Assoc. of CPAs (UACPA), 2016
  • EY Professorship, EY, 2013
  • 2011 Marriott School Outstanding Teaching Award, BYU Marriott School, 2011
  • Kristine V. Vest Fellowship, Marriott School, 2003
  • Outstanding Dissertation Award, Auditing Section, American Accounting Association, 2002
  • Doctoral Fellowship Award, Deloitte & Touche Foundation, 1998

Languages

  • Spanish

Administrative Assignments

  • Director — 2013–2019

Consulting

  • Beneficial Life Insurance Company - Audit Committee — I have served as a member of the audit committee since 2020, by assignment from the First Presidency of the Church of Jesus Christ of Latter-day Saints. — April 2020–0
  • Deseret Management Corporation - Audit Committee — I have served as a member of the audit committee since 2020, by assignment from the First Presidency of the Church of Jesus Christ of Latter-day Saints. — April 2020–0
  • Hale Center Foundation for the Arts & Education — I have served as a member of the Board of Trustees since 2014, and I currently serve as Chair of the Board. — June 2014–0
  • FASB Financial Accounting Standards Advisory Council (FASAC) — The council advises the FASB on standard setting priorities and emerging issues. It meets quarterly. — January 2014–December 2017
  • International Accounting Standards Board — Technical/Professional Work: I continued working as an academic advisor on the revenue recognition project for the IASB. Most of this work is done remotely from Utah with little need to travel to London. This work is direclty related to the topics I teach and research (e.g., regulatory structure of the profession, standard setting activities of IASB and FASB, revenue recognition technical matters), so it has made my teaching and research much more relevant and timely. — August 2008–December 2009