Scott Whisenant

Associate Professor
Primary office:
785-864-7577
Capitol Federal Hall
Room 4173
University of Kansas


Academic Area

Accounting

Education

Doctor of Philosophy, The University of Oklahoma 
Master of Accountancy, The University of Oklahoma 
Master of Business Administration, The University of Texas - Tyler 
Bachelor of Business Administration, Texas A&M University - Commerce 

Background

Professor Whisenant is an Associate Professor and Fred Ball Fellow at the University of Kansas. He has a Ph.D. in accounting from the University of Oklahoma, and has previously been a member of the faculty at Georgetown University, Massachusetts Institute of Technology, and the University of Houston. His research investigates factors related to both earnings quality and audit quality, and has been published in The Accounting Review, Journal of Accounting Research, Review of Accounting Studies, Journal of Accounting Auditing & Finance, Accounting Horizons, and Auditing: A Journal of Practice and Theory.

Professional License/Certification/Membership

Certified Management Accountant (# 9111990)
American Accounting Association (member: FARS, audit, and forensic sections)
Institute of Management Accountants (member)
Association of Certified Fraud Examiners (member, #574558)
Certified Public Accountant (Texas, inactive)
American Institute of Certified Public Accountants (#5605020)

Selected Publications

“The Effect of Technical Default Cost on Discretionary Accounting Decisions,” International Research Journal of Applied Finance, August 2014, Vol. V Issue 8), Hassan HassabElnaby, Janet Mosebach, Michael Mosebach, and Scott Whisenant

CPA’s Guide to Independence and Ethics, 2012 Wolters Kluwer CCH, electronic-only book in accounting products, pages 1 - 255

Auditor Independence, in BNA Accounting Policy and Practice Series (2011 Bureau of National Affairs, Inc., Washington, D.C.: pages 1 − 221), Lori Whisenant and Scott Whisenant

“An Analysis of the Information Content of Auditor Change Announcements: Grant Thornton LLP Engagements.” Chapter 2 in Investor Perceptions of Audit Firm Parity, Grant Thornton Commentary Series, ed. Robert H. Colson (vol.1 no.1: 5 − 61, Grant Thornton: Edison, N.J., 2006)

“An Empirical Analysis of Voluntarily Supplied Client-Auditor Realignment Reasons,” Auditing: A Journal of Practice and Theory(March 2004, Volume 23, No. 1:107 − 121), Srinivasan Sankaraguruswamy and Scott Whisenant

“Initial Evidence on the Association Between Non-Audit Fees and Restated Financial Statements,” Accounting Horizons(September 2003, Volume 17, No. 3: 223 − 234), K. Raghunandan, William Read, and Scott Whisenant

“Evidence on the Joint Determination of Audit and Non-Audit Services” Journal of Accounting Research(September 2003, Volume 41, No. 4: 721 − 744), Scott Whisenant, Srinivasan Sankaraguruswamy, and K. Raghunandan

“The Differential Persistence of Accruals and Cash Flows for Future Operating Income versus Future Profitability” Review of Accounting Studies(September 2003, Volume 8, No. 2/3: 221 − 243), Patricia Fairfield, Teri Yohn, and Scott Whisenant

“Market Reactions to Disclosure of Reportable Events,” Auditing: A Journal of Practice and Theory(March 2003, Volume 22, No. 1: 181 − 194), Scott Whisenant, K. Raghunandan, and Srinivasan Sankaraguruswamy

“Accrued Earnings and Growth: Implications for Future Profitability and Market Mispricing,” The Accounting Review(January 2003, Volume 78, No. 1: 353 − 371), Patricia Fairfield, Teri Yohn, and Scott Whisenant

“Using Fundamental Analysis to Assess Earnings Quality: Evidence from the Center for Financial Research and Analysis” with Patricia Fairfield,” Journal of Accounting, Auditing & Finance (Fall 2001, Volume 16, No. 4: 273 − 295), Patricia Fairfield and Scott Whisenant

Work in Progress

“Pricing Initial Audit Engagements: Empirical Evidence Following Public Disclosure of Audit Fees” (with Srinivasan Sankaraguruswamy and Michael Willenborg)

“Auditor tenure errors in Compustat: Implications for Empirical Research”

“An Analysis of Articulation Errors in SFAS No. 95 Cash Flow Disclosures” (with Teri Yohn)

“Restating Financial Statements for Alternative and Non-GAAPs: Worth the Effort?”

“The Effectiveness of Going Concern Modifications in Identifying Bankruptcy”

Teaching Interests

  • Audit
  • Audit quality
  • Financial reporting
  • Earnings quality
  • Earnings management
  • Auditor-client conflicts
  • Regulation of auditing profession

Research

Two related concepts that are critical to well-functioning and efficient capital markets tend to be the setting around which I design my studies: what factors cause variations in (1) the quality of earnings and (2) the quality of audit markets. My approach to research is to engage in scholarly pursuits that have a high expected impact to my academy as well as to practitioners and regulators. I enjoy the challenge of undertaking relatively more risky projects with the potential of high expected payoffs.

Research Interests

  • Audit
  • Audit quality
  • Financial reporting
  • Earnings quality
  • Earnings management
  • Auditor-client conflicts
  • Regulation of auditing profession
  • Event studies of accounting announcements
  • Impact of regulatory changes to the accounting industry

Selected Publications

Hassan, H., Mosebach, J., Mosebach, M., & Whisenant, S. (2014). The Effect of Technical Default on Discretionary Accounting Decisions. International Research Journal of Applied Finance, Vol. V(Issue 8), 1075-1097.


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