Chan Li

Ned N. Fleming Professor of Accounting
Primary office:
Capitol Federal Hall
Room 4103
University of Kansas


Academic Area



Chan Li is the Ned N. Fleming Professor of Accounting at the University of Kansas School of Business. Li obtained her Ph.D. from University of Kansas. Prior to joining the faculty at her alma mater, Li was a tenured professor at the University of Pittsburgh. Her primary research interest is in archival auditing, particularly in economic consequences of auditing, effects of regulation on the audit environment, auditor judgment and audit quality. She has published over 20 articles in leading academic journals, including The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Contemporary Accounting Research, Review of Accounting Studies,Accounting, Organizations, and Society, MIS Quarterly, and Auditing: A Journal of Practice & Theory. Her work has been cited by the SEC, PCAOB, New York Times and the Wall Street Journal. Li is currently serving as the editor at Auditing: A Journal of Practice & Theory and is on the editorial board at The Accounting Review and Contemporary Accounting Research.


  • Ph.D. in Accounting, University of Kansas 
  • M.S. in Management Information Systems, University of Akron
  • B.A. in Business English, Sichuan International Studies University, China

Teaching Interests

  • Accounting information systems
  • Financial accounting
  • Auditing

Research Interests

  • Effects of Regulation on the Audit Environment
  • Auditor judgment and audit quality
  • Internal Controls

Selected Publications

Li, C. Chen, X. & Feng, M. (in press). Family Entrenchment and Internal Control: Evidence from S&P 1500 Firms. Review of Accounting Studies.

Reid, L. Carcello, J. Li, C. & Neal, T. (in press). Impact of Auditor Report Changes on Financial Reporting Quality and Costs: Evidence from the United Kingdom. Contemporary Accounting Research.

Li, C. Cunningham, L. Stein, S. & Wright, N. (in press). What’s in a Name? Initial Evidence of U.S. Audit Partner Identification Using Difference-in-Differences Analyses. The Accounting Review.

Fan, Y. Li, C. & Raghunandan, K. (2017). Is SOX 404 (a) Management internal control reporting an effective alternative to SOX 404 (b) internal control audits? Auditing: A Journal of Practice & Theory, 36(3), 71-89.

Feng, M. Li, C. McVay, S. & Skaife, H. (2015). Does Ineffective Internal Control over Financial Reporting affect a Firm's Operations? Evidence from Firms' Inventory Management. The Accounting Review, 90(2), 529-557.

Feng, M. & Li, C. (2014). Are Auditors Professionally Skeptical? - Evidence from Auditors’ Going-concern Opinions and Management Earnings Forecasts. Journal of Accounting Research, 52(5), 1061-1085.

Johnstone, K. Li, C. & Luo, S. (2014). Client Supply Chain Relationships and Audit Quality and Pricing. Auditing: A Journal of Practice &Theory, 33(4), 119-166.

Ettredge, M. Fuerherm, E. & Li, C. (2014). Fee Pressure and Audit Quality. Accounting, Organizations and Society, 39(4), 247-263.

Carcello, J. & Li, C. (2013). Costs and Benefits of Requiring an Engagement Partner Signature: Recent Experience in the United Kingdom. The Accounting Review, 88(5), 1511-1546.

Dorantes, A. Li, C. Peters, G. & Richardson, V. (2013). The Effect of Enterprise Systems Implementations on the Firm Information Environment. Contemporary Accounting Research, 30(4), 1427-1461.

Li, C. Peters, G. Richardson, V. & Watson, M. (2012). The Consequences of Information Technology Control Weaknesses on Management Information Systems: The Case of Sarbanes-Oxley Internal Control Reports. MIS Quarterly, 36(1), 179-203.

Johnstone, K. Li, C. & Rupley, K. (2011). Changes in Corporate Governance Associated with the Revelation of Internal Control Material Weaknesses and their Subsequent Remediation. Contemporary Accounting Research, 28(1), 331-383.

Li, C. Ettredge, M. & Sun, L. (2010). Financial Executive Quality, Financial Executive Turnover, and Adverse SOX 404 Opinions. Journal of Accounting and Economics, 50(1), 17-40.

Li, C. (2009). Does Client Importance Affect Auditor Independence at the Office Level? Empirical Evidence from Going Concern Opinions. Contemporary Accounting Research, 26(1), 201-230.

Feng, M. Li, C. & McVay, S. (2009). Internal Control and Management Guidance. Journal of Accounting and Economics, 48(2-3), 190-209.

Ettredge, M. Li, C. & Sun, L. (2006). The impact of SOX Section 404 internal control quality assessment on audit delay in the SOX era. Auditing: A Journal of Practice & Theory, 25(2), 1-23.

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