University of Vermont

School of Business Administration

Asst. Professor Arel Participates in Prestigious PCAOB Meeting

Assistant Professor Barbara Arel

Assistant Professor Barbara Arel was part of a prestigious panel discussion during the Public Company Accounting Oversight Board (PCAOB) in Washington, D.C. this month.

The PCAOB held a public meeting on March 21-22 on ways to enhance auditor independence, objectivity, and professional skepticism, including thorough consideration of audit firm term limits.  Last month, the Board announced it would host this public meeting to obtain further input from interested parties.  Panelists included investors and investor advocates, senior executives and audit committee chairs of major corporations, chief executive officers of audit firms, academicians and other interested parties.

Asst. Professor Arel was invited to talk about the findings of a paper she published titled “Findings on the Effects of Audit Firm Rotation on the Audit Process Under Varying Strengths of Corporate Governance.”  That paper is co-authored by Kurt Pany and Rich Brody.

Several well known dignitaries including the Honorable Charles A. Bowsher, former U.S. Comptroller General, the Honorable Paul A. Volker, former Chairman of the Federal Reserve, and John H. Biggs, former Chairman and Chief Executive Officer at TIAA-CREF also presented at the meeting.