Chan Li

Chan Li
  • C.A. Scupin Professor
  • Accounting academic area

Contact Info

Capitol Federal Hall, Room 4103


Chan Li is the C.A. Scupin Professor 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 30 articles in leading academic journals, including The Accounting ReviewJournal of Accounting ResearchJournal of Accounting and EconomicsContemporary Accounting ResearchReview of Accounting Studies, Accounting, Organizations, and SocietyMIS Quarterly, and Auditing: A Journal of Practice & Theory.

Her work has been cited by the SEC, PCAOB, The New York Times and The Wall Street Journal. Li is currently serving as the editor at The Accounting Review and Auditing: A Journal of Practice & Theory. She is also on the editorial board at 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


Research interests:

  • Effects of regulation on the audit environment
  • Auditor judgment and audit quality
  • Internal controls


Teaching interests:

  • Accounting information systems
  • Financial accounting
  • Auditing

Selected Publications

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? [Journal Articles]. 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 [Journal Articles]. 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 Articles]. Journal of Accounting Research, 52(5), 1061–1085.
Johnstone, K., Li, C., & Luo, S. (2014). Client Supply Chain Relationships and Audit Quality and Pricing [Journal Articles]. Auditing: A Journal of Practice &Theory, 33(4), 119–166.
Ettredge, M., Fuerherm, E., & Li, C. (2014). Fee Pressure and Audit Quality [Journal Articles]. 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 [Journal Articles]. 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 [Journal Articles]. 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 [Journal Articles]. 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 [Journal Articles]. 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 Articles]. 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 [Journal Articles]. Contemporary Accounting Research, 26(1), 201–230.
Feng, M., Li, C., & McVay, S. (2009). Internal Control and Management Guidance [Journal Articles]. 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 [Journal Articles]. Auditing: A Journal of Practice & Theory, 25(2), 1–23.
Li, C., Chen, X., & Feng, M. (accepted/in press). Family Entrenchment and Internal Control: Evidence from S&P 1500 Firms [Journal Articles]. Review of Accounting Studies.
Reid, L., Carcello, J., Li, C., & Neal, T. (accepted/in press). Impact of Auditor Report Changes on Financial Reporting Quality and Costs: Evidence from the United Kingdom [Journal Articles]. Contemporary Accounting Research.
Li, C., Cunningham, L., Stein, S., & Wright, N. (accepted/in press). What’s in a Name? Initial Evidence of U.S. Audit Partner Identification Using Difference-in-Differences Analyses [Journal Articles]. The Accounting Review.