Richardson Joins Technology Innovation Alliance Working Group

Vernon Richardson, distinguished professor of accounting and the W. Glezen Chair within the Sam M. Walton School of Enterprise, has been chosen to serve within the Public Firm Accounting Oversight Board (PCAOB) Expertise Innovation Alliance Working Group.

“The PCAOB is without doubt one of the most influential regulatory teams in accounting, each domestically and internationally,” mentioned Gary F. Peters, chair of the William Dillard Division of Accounting and holder of the S. Robson Walton Endowed Professorship of Accounting. “Vern’s appointment displays his distinctive popularity within the subject and our continued contributions to the realm of accounting analytics.”

The PCAOB is a nonprofit established by Congress to “oversee the audits of public firms … to guard buyers and additional the general public curiosity within the preparation of informative, correct, and impartial audit reviews. It additionally oversees the audits of brokers and sellers registered with the SEC, together with compliance reviews filed pursuant to federal securities legal guidelines.”

As an advisory committee to the PCAOB, the Expertise Innovation Alliance Working Group is an oversight group comprised of exterior professionals. It should study rising applied sciences together with these utilized by monetary assertion preparers and auditors. The group will:

1. Advise the PCAOB board on rising applied sciences utilized by auditors and preparers, and
2. Make suggestions to the board relating to oversight applications addressing these applied sciences.

Briefly, the group will study the expertise that public firms use and, in doing so, assist to guard stockholders and the integrity of audits. 

Richardson’s educating focuses on information analytics, monetary accounting and monetary assertion evaluation. He has co-authored 4 McGraw Hill textbooks, together with Accounting Info Techniques, Knowledge Analytics for Accounting, Introduction to Knowledge Analytics for Accounting and Introduction to Enterprise Analytics. He has held positions as editor or affiliate editor at Accounting Evaluate, Accounting Horizons, MIS Quarterly, Journal of Info Techniques and the Worldwide Journal of Accounting Info Techniques.

Richardson obtained his bachelor’s and grasp’s diploma in accounting and an M.B.A. from Brigham Younger College. He earned a Ph.D. in accounting from the College of Illinois at Urbana Champaign.