Susan Scholz

Professor
Associate Dean, Faculty Development and Research
Primary office:
785-864-7554
Capitol Federal Hall
Room 2112
University of Kansas


Academic Areas

Accounting

Education

PhD Business Administration, University of Southern California

Interests

  • Financial Accounting
  • Restatements of Financial Statements
  • The Market for Auditing and Consulting Services

Selected Publications

Auditor Independence, Non-Audit Services, and Restatements: Was the Government Right. Journal of Accounting Research, Volume 42, No. 3 (June 2004): 561-588. (with William R. Kinney, Jr. and Zoe-Vonna Palmrose)

The Accounting Causes and Legal Consequences of Non-GAAP Reporting: Evidence from Restatements. Contemporary Accounting Research, Volume 21, Issue 1 (Spring 2004): 139-180. (with Zoe-Vonna Palmrose)

Determinants of Market Reactions to Restatement Announcements. Journal of Accounting & Economics, Volume 37, Issue 1 (February 2004): 59-89. (with Zoe-Vonna Palmrose and Vernon R. Richardson)

Lobbying ROI: An Empirical Analysis Under the American Jobs Creation Act of 2004. University of Virginia Journal of Law and Politics, (forthcoming Spring 2010). (with Raquel Alexander and Stephen Mazza.)

How Do Misstatements Begin? Evidence of Biased Financial Reporting Preceding Misstatements. Journal of Business Finance and Accounting (forthcoming 2010) with Michael Ettredge, Kevin Smith and Lili Sun.

The Changing Nature and Consequences of Public Company Financial Restatements: 1997-2006 (April 2008). A study commissioned and published by the U.S. Department of the Treasury.

Teaching Interests

  • Financial accounting
  • Financial statement analysis

Research Interests

  • Financial Restatements
  • Market for audit services

Selected Publications

Haislip, J. Z., Myers, L. A., Scholz, S., & Seidel, T. A. (in press). Should Auditors Be Concerned About Pleasing the Client? An Examination of Auditor Changes Subsequent to Earnings Revisions. Contemporary Accounting Research.

Drake, M. S., Myers, L. A., Scholz, S., & Sharp, N. Y. (2015). Short Selling Around Accounting Restatements: When Do Bears Pounce? Journal of Accounting, Auditing, and Finance, 30(2), 218-245.

Scholz, S. (2014). Financial Restatement Trends in the United States: 2003-2012. Commissioned and published by the Center for Audit Quality

Huang, Y., & Scholz, S. (2012). Evidence on the Association between Financial Statement Restatements and Auditor Resignations. Accounting Horizons, 26(3), 439-464.

Carcello, J. V., Neal, T. L., Palmrose, Z., & Scholz, S. (2011). CEO Involvement in Selecting Board Members, Audit Committee Effectiveness, and Restatements. Contemporary Accounting Research, 28(2), 396-430.

Ettredge, M. L., Scholz, S., Smith, K. R., & Sun, L. (2010). How Do Restatements Begin? Evidence of Earnings Management Preceding Restated Financial Reports. Journal of Business Finance and Accounting, 37(3 & 4), 332-355.

Scholz, S. (2008). The Changing Nature and Consequences of Public Company Financial Restatements: 1997-2006. U.S. Department of the Treasury. http://www.imanet.org/pdf/USTR.PDF

Kinney, W., Palmrose, Z., & Scholz, S. Woolley (2004). Auditor Independence and Non-audit Services: Is the Government Right? Journal of Accounting Research, 42(3), 561-588.

Palmrose, Z., & Scholz, S. Woolley (2004). The Circumstances and Legal Consequences of Non-GAAP Reporting: Evidence from Restatements. Contemporary Accounting Research, 21(1), 139-180.

Palmrose, Z., Richardson, V. J., & Scholz, S. (2004). Determinants of Market Reactions to Restatement Announcements. Journal of Accounting and Economics, 37(1), 59-89.


GIVE
The school and accounting program are accredited by AACSB International, The Association to Advance Collegiate Schools of Business
Our Finance Scholars travel to Wall Street every year
Students in Applied Portfolio Management class manage a fund valued at $1 million
Business students get hands-on experience valuing and analyzing investments
Top 20 undergraduate accounting program —Bloomberg Businessweek
One of 34 U.S. public institutions in the prestigious Association of American Universities
44 nationally ranked graduate programs.
—U.S. News & World Report
Top 50 nationwide for size of library collection.
—ALA
23rd nationwide for service to veterans —"Best for Vets," Military Times
KU Today