Accounting
Faculty Spotlight
During the past decade the integrity and values of accountants, boards of directors and financial executives have been closely scrutinized by the media and investment community. Professor Don Giacomino Has examined these issues for several years.
Accounting Faculty Spotlight
Professor Don Giacomino
During the past decade the integrity and values of accountants, boards of directors and financial executives have been closely scrutinized by the media and investment community. Specific concerns about the quality of earnings reported by corporations, financial literacy of board members and the quality of financial statement audits were evidenced in the financial and audit failures that eventually led to the passage of the Sarbanes-Oxley (SOX) Act of 2002, also known as the Public Company Accounting Reform and Investor Protection Act.
Don Giacomino, Donald F. and Beverly L. Flynn Chair of Accounting, has examined these issues for several years. His research on values has focused on the values of Certified Public Accountants, Certified Internal Auditors, the most influential people in the accounting profession, Japanese business managers as well as accounting and non-accounting students by gender. Such research has been cited internationally as researchers examine values in other countries. A key component of the SOX legislation is financial expertise by a member or members of the audit committee. Dr. Giacomino’s research on financial literacy has examined both the financial expertise of audit committee members and business students who represent future board and audit committee members. Sarbanes-Oxley also addresses the quality of the accounting principles selected by management in the preparation of the financial statements. Professor Giacomino’s work has explored whether auditors need additional training as to how management might manage (manipulate) earnings and the need for auditors to report on the quality of earnings.