The University of Tennessee, Knoxville

C. Warren Neel Corporate Governance Center at The University of Tennessee Dreamweaver Templates. College of Business Administration at the University of Tennessee

Joseph Carcello

Joseph Carcello, Ph.D., CPA, CMA, CIA

Haslam College of Business, University of Tennessee
Department of Accounting and Information Management
630 Stokely Management Center
Knoxville, Tennessee  37996  USA
phone:  (865) 974-1757
Links to Dr. Carcello's vita and research

Focusing on:  Audit and Nominating/Governance

JOSEPH V. CARCELLO, Ph.D., CPA, CMA, CIA is the Ernst & Young and Business Alumni Professor in the Department of Accounting and Information Management at the University of Tennessee.   He also is the cofounder and Executive Director at the University of Tennessee's Neel Corporate Governance Center.   Dr. Carcello received Beta Alpha Psi's Business Professional of the Year award in 2008 and the UT National Alumni Association Outstanding Teacher Award in 2009.   He was named by Business Finance magazine as one of the "most influential' individuals in accounting and finance for four consecutive years (2004-07)—the only academic to be so recognized.   Dr. Carcello has been named by Business Week as a "prominent faculty' in its ranking of undergraduate business programs, and he has testified before a United States Treasury Department committee on the future of the auditing profession.

Dr. Carcello is a charter member of the Public Company Accounting Oversight Board's Investor Advisory Group, a group of experts charged with advising the PCAOB on broad policy issues and other matters that affect investors and that are related to the work of the Board. He also serves on the PCAOB's Standing Advisory Group, a group of experts charged with advising the PCAOB on the promulgation of auditing and related professional practice standards. He chairs the Knox County Audit Committee; Knox County is the third largest county in the State of Tennessee with a population of approximately 400,000 and an annual budget of approximately $600 million.

Dr. Carcello has published over 50 articles in academic and professional journals on audit committee performance, financial fraud, going-concern reporting, and audit quality, including publications in The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, AUDITING:  A Journal of Practice & Theory, and Accounting Horizons, among numerous others.   He is an associate editor at Accounting Horizons and serves as a member of the editorial board at The Accounting Review, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, and Current Issues in Auditing.   Dr. Carcello also has served as an ad-hoc reviewer for numerous other journals including Journal of Accounting Research, Management Science, Decision Sciences, and the Journal of Accounting and Public Policy.   He also has served as an outside reviewer for the research councils of the Canadian and Hong Kong governments.

Dr. Carcello is the co-author of a funded research study by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission titled Fraudulent Financial Reporting: 1987-1997, An Analysis of U.S. Public Companies.   This study was referred to by Senator Paul Sarbanes as a "landmark' study on fraudulent financial reporting in his speech to the Consumer Federation of America, March 2006.   The study has been cited by The Wall Street Journal, Barron's, numerous regional newspapers throughout the country (via an AP news story), and Georgia Public Television.   The study's results have been presented to officials at the Securities and Exchange Commission (SEC) and have been frequently cited in SEC rules and speeches. Dr. Carcello is also the co-author of a follow-on research study published by the AICPA's Auditing Standards Board titled Fraud-Related SEC Enforcement Actions Against Auditors: 1987-1997.

Dr. Carcello is the co-author of CCH's GAAP Guide and GAAS Guide, financial accounting and auditing reference books for practicing CPAs.   He has provided consulting services for a number of public company audit committees, including the audit committee of a Fortune 50 company.   Dr. Carcello also has provided consulting services on revenue recognition to the software industry and has served the Securities and Exchange Commission as an expert witness.  He has served as an expert in evaluating corporate governance reforms instituted as part of legal settlements of shareholder claims in federal and state courts.   Dr. Carcello has provided training to a number of public and private companies on fraudulent financial reporting and on corporate governance including Section 404 of the Sarbanes-Oxley Act, PCAOB Auditing Standard No. 2, and the COSO internal control framework.   Finally, he has taught continuing professional education courses for two of the Big 4 accounting firms, AICPA, Institute of Internal Auditors, The Institute of Management Accountants, and the Tennessee and Florida Societies of CPAs.

Dr. Carcello's primary teaching interests are in auditing, corporate governance, financial accounting, financial statement analysis, and risk management.   He has taught undergraduate, MAcc, Executive MBA, and Ph.D. courses.   Dr. Carcello has received awards from the College of Business for his teaching and research performance.

Dr. Carcello serves as a member of Grant Thornton's Academic Advisory Roundtable, as an academic advisor to Oversight Systems, Inc., and as a research fellow of the ERM Initiative at North Carolina State University.

Dr. Carcello previously served on COSO's Small Business Control Guidance Advisory Group Task Force, a group established at the behest of the SEC to provide guidance to smaller public companies in complying with Section 404(a) of the Sarbanes-Oxley Act.   He has previously served as Vice President–Finance for the American Accounting Association (AAA) and as a member of the Executive, Finance, and Audit Committees for AAA.   Dr. Carcello also served the Auditing Section of the AAA as President, Past President, Vice President–Academic, Treasurer, liaison to the AAA Annual Meeting Planning Committee, and Vice Chairperson of the Auditing Standards Committee.   Dr. Carcello served the AAA as chair of the program committee for the 2005 Annual Meeting, as a member of the Wildman Award Committee, and as a member of the Education Committee where he served as liaison to the 2001 New Faculty Consortium Planning Committee.   In addition, he has served as a member of Institutional Shareholder Services' Academic Advisory Panel.   Finally, he has served on the Institute of Internal Auditors' Professional Issues Committee and on IIA's Board of Research Advisors.

Dr. Carcello is a past recipient of the Robert Beyer Gold Medal for his performance on the Certified Management Accountant examination.   He has received research grants from COSO, KPMG, and The Institute of Internal Auditors.

(Resume available upon request)

C. Warren Neel Corporate Governance Center ~ 601 Stokely Management Center ~ 916 Volunteer Boulevard ~ Knoxville, Tennessee  37996-0560
Terry L. Neal, Director of Corporate Governance ~ Phone: 865-974-1762 ~ Fax: 865-974-4361 ~


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