Elizabeth Carson

Emeritus Professor

Professor Elizabeth Carson

Professor, Associate Dean (Research)

School of Accounting - BCom (Hons), UNSW | MCom, UNSW | PhD, UNSW | Chartered Accountant (CA)
About Elizabeth             

Elizabeth is a Professor in financial accounting and auditing in the UNSW Australia Business School.  Elizabeth teaches at postgraduate level in financial accounting and auditing, as well as supervising research students in the Honours, MPhil and PhD programs. She has received the Pearson Education Accounting Lecturer of the Year award for her development of the Accounting: A User Perspective subject in the Masters of Commerce program and a Dean's Commendation for Outstanding Technology-Enabled Innovation for developments undertaken in Financial Accounting in the Masters of Professional Accounting program. She is a co-author of an introductory financial accounting textbook (Financial Accounting: An Integrated Approach) and its accompanying study guide.

Elizabeth's research interests include global and Australian regulatory issues impacting the audit profession including economics of audit markets, industry specialisation by auditors and audit reporting. Her PhD investigating global audit firm networks and global industry specialisation by audit firms was awarded the American Accounting Association Auditing Section Outstanding Dissertation Award in 2008. Her work has appeared in leading academic journals including The Accounting Review, Auditing: A Journal of Practice and Theory and Accounting and Finance. She is on the Editorial Board of Auditing: A Journal of Practice and Theory and is an Associate Editor at Issues in Accounting Education. Her research is currently supported by the Australian Research Council (ARC) Discovery Grant for 2013-2015. She has previously received ARC Discovery Funding as well as funding by the International Auditing and Assurance Standards Board.

Elizabeth is currently chair of the Auditing and Assurance Special Interest Group of the Accounting and Finance Association of Australia and New Zealand. Prior to joining UNSW, she worked with a Big 4 accounting firm and is qualified as a Chartered Accountant.

Expertise

Elizabeth Carson's research interests include economics of global and national audit markets, industry specialisation by auditors and audit reporting. Her PhD investigating global audit firm networks and global industry specialisation by audit firms was awarded the American Accounting Association Auditing Section Outstanding Dissertation Award.  She teaches at postgraduate level in financial accounting and auditing, as well as supervising research students in the Honours, MPhil and PhD programs. 

Teaching and Supervision

Current Courses Taught

  • ACCT4809 Current Developments in Auditing Research
  • ACCT5909 Current Developments in Auditing Research

Grants

  • 2013 - 2015 : ARC Discovery Grant for Evaluating Regulatory Initiatives Directed at Audit Firms to Improve Audit Quality, with Neil Fargher, Roger Simnett and Ann Vanstraelen, $235,840
  • 2013: CPA Australia for Synthesis of Audit Market Structure and Competition, with Lin Liao and Nives Botica-Redmayne, $5,000
  • 2012: UNSW Goldstar Research Award, with Roger Simnett, $30,000
  • 2010 - 2011: International Auditing and Assurance Standards Board/ACCA/IAAER Research Grant, with Roger Simnett and Per Christen TrØnnes, $30,000
  • 2008 - 2010: ARC Discovery Grant for Consistency of Going Concern Opinion Modifications over Time, Audit Firms and Countries, with Roger Simnett, $165,519

Engagement

Media Releases

  • Accounting Conferences come home to Sydney
  • 25th Anniversary of Sasakawa Young Leaders Fellowship Fund
  • UNSW Business School’s Audit Researchers still world number 1

UNSW Business School profile: https://www.business.unsw.edu.au/our-people/elizabethcarson

Journal articles
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Carson E; Fargher N; Zhang Y, 2019, 'Explaining auditors’ propensity to issue going-concern opinions in Australia after the global financial crisis', Accounting and Finance, vol. 59, pp. 2415 - 2453, http://dx.doi.org/10.1111/acfi.12313
2019
Simnett R; Carson E; Vanstraelen A, 2016, 'International archival auditing and assurance research: Trends, methodological issues, and opportunities', Auditing, vol. 35, pp. 1 - 32, http://dx.doi.org/10.2308/ajpt-51377
2016
Carson E; Fargher N; Zhang Y, 2016, 'Trends in Auditor Reporting in Australia: A Synthesis and Opportunities for Research', Australian Accounting Review, vol. 26, pp. 226 - 242, http://dx.doi.org/10.1111/auar.12124
2016
Fu Y; Carson E; Simnett R, 2015, 'Transparency report disclosure by Australian audit firms and opportunities for research', Managerial Auditing Journal, vol. 30, pp. 870 - 910, http://dx.doi.org/10.1108/MAJ-06-2015-1201
2015
Carson E; Redmayne NB; Liao L, 2014, 'Audit market structure and competition in Australia', Australian Accounting Review, vol. 24, pp. 298 - 312, http://dx.doi.org/10.1111/auar.12041
2014
Xu Y; Carson EA; Fargher N; Jiang L, 2013, 'Responses by Australian auditors to the global financial crisis', Accounting and Finance, vol. 53, pp. 301 - 338, http://dx.doi.org/10.1111/j.1467-629X.2011.00459.x
2013
Carson EA; Fargher N; Geiger MA; Lennox CS; Raghunandan K; Willekens M, 2013, 'Audit Reporting on Going-Concern Uncertainty: A Research Synthesis', Auditing: A Journal of Practice and Theory, vol. 32, pp. 353 - 384, http://dx.doi.org/10.2308/ajpt-50324
2013
Carson E, 2013, 'Discussion of 'Strategic pricing by Big 4 audit firms in private client segments'', Accounting and Finance, vol. 53, pp. 995 - 999, http://dx.doi.org/10.1111/acfi.12041
2013
Carson EA; Dowling C, 2012, 'The competitive advantage of audit support systems: the association between extent of structure and audit pricing,', Journal of Information Systems, vol. 26, pp. 35 - 49, http://dx.doi.org/10.2308/isys-10256
2012
Carson EA; Simnett R; Soo B; Wright AM, 2012, 'Changes in Audit Market Competition and the Big N Premium', Auditing: A Journal of Practice and Theory, vol. 31, pp. 47 - 73, http://dx.doi.org/10.2308/ajpt-10295
2012
Carson EA; Simnett R; Ye P, 2011, 'Threats to Auditor Independence: The Impact of Relationship and Economic Bonds', Auditing - a Journal of Practice and Theory, vol. 30, pp. 121 - 148, http://dx.doi.org/10.2308/aud.2011.30.1.121
2011
Carson EA; Jiang A; Fargher N; Xu Y, 2011, 'Audit reports in Australia During the Period of the Global Financial Crisis', Australian Accounting Review, vol. 21, pp. 22 - 31, http://dx.doi.org/10.1111/j.1835-2561.2010.00118.x
2011
Carson EA, 2009, 'Industry Specialization by Global Audit Firms', Accounting Review, vol. 84, pp. 355 - 382, http://dx.doi.org/10.2308/accr.2009.84.2.355
2009
Carson EA; Salman FM, 2009, 'Impact of the Sarbanes Oxley Act on the Audit Fees of Australian Listed Firms', International Journal of Auditing, vol. 13, pp. 127 - 140, http://dx.doi.org/10.1111/j.1099-1123.2009.00399.x
2009
Carson EA; Chen L; Simnett R, 2007, 'The Impact of Stakeholder Characteristics on Voluntary Dissemination of Interim Information and Communication of its Level of Assurance.', Accounting and Finance, vol. 47, pp. 667 - 691, http://dx.doi.org/10.1111/j.1467-629X.2007.00224.x
2007
Carson AE, 2007, 'Exquisite torture: The autoeroticism of Pope's Eloisa', Eighteenth-Century Studies, vol. 40, pp. 615 - 629
2007
Carson EA; Fargher N, 2007, 'Note on Audit Fee Premiums to Client Size and Industry Specialisation.', Accounting and Finance, vol. 47, pp. 423 - 446, http://dx.doi.org/10.1111/j.1467-629X.2007.00213.x
2007
Carson EA; Ferguson AC; Simnett R, 2006, 'Australian Audit Reports: 1996-2003', Australian Accounting Review, vol. 16, pp. 89 - 96, http://dx.doi.org/10.1111/j.1835-2561.2006.tb00049.x
2006
Carson EA; da silva Rosa R; Maynier R, 2004, 'Returns to Australian Investment Newsletter Recommendations', Australian Journal of Management, vol. 29, pp. 65 - 86, http://dx.doi.org/10.1177/031289620402900110
2004
Carson EA; Fargher NL; Simon DT; Taylor MH, 2004, 'Audit Fees and Market Segmentation - Further Evidence on How Client Size Matters within the Context of Audit Fee Models', International Journal of Auditing, vol. 8, pp. 79 - 91
2004
Carson EA, 2002, 'Factors associated with the development of board sub-committees', Corporate Governance - An International Review, vol. 10, pp. 4 - 18, http://dx.doi.org/10.1111/1467-8683.00263
2002
Carson EA; Simnett R, 2000, 'New assurance services: professional guidance required', Commercial Law Quarterly, vol. 14, pp. 3 - 5, http://www.cla.org.au/ProductDetail/353/2000_Vol14_No2_June_2000
2000
Carson EA, 2000, 'The development of board sub-committees', Company and Securities Law Journal, vol. 18, pp. 415 - 428
2000
Carson EA, 1999, 'Webtrust: taking on the challenge of internet assurance', Charter, vol. 70, pp. 26 - 28
1999
Carson E, 1996, 'Corporate governance disclosure in Australia: The state of play', Australian Accounting Review, vol. 6, pp. 3 - 10, http://dx.doi.org/10.1111/j.1835-2561.1996.tb00010.x
1996
Conference Papers
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Fu D; Carson E; Lim Y, 2018, 'Group audits and corporate tax aggressiveness', canberra, presented at 16th ANCAAR Audit Research Forum, canberra, 07 December 2018 - 08 December 2018
2018
Tronnes PC; Carson E; Wong L, 2015, 'Audit Firm Tenure and Audit Quality: Insights from Quantile Regression.', in Audit Firm Tenure and Audit Quality: Insights from Quantile Regression., European Auditing Research Network Conference, Lausanne, presented at European Auditing Research Network Conference, Lausanne, 10 September 2015 - 12 September 2015, http://wp.unil.ch/earnet2015/files/2014/10/Audit-Firm-Tenure-and-Audit-Quality-Insights-from-Quantile-Regression.pdf
2015
Carson E; Simnett R; Trompeter G, 2014, 'The Impact of other component auditors on the costs and quality of multinational group audits', in AFAANZ (ed.), The Impact of other component auditors on the costs and quality of multinational group audits, Proceedings of the Accounting and Finance Association of Australia and New Zealand (AFAANZ), Auckland, New Zealand, presented at Proceedings of the Accounting and Finance Association of Australia and New Zealand (AFAANZ), Auckland, New Zealand, 06 July 2014 - 08 July 2014, https://www.mccombs.utexas.edu/~/media/Files/MSB/Departments/Accounting/Brownbag%20papers/Liz_Carson.pdf
2014
Carson E; Partadinata F; Tronnes PC; Wong L, 2014, 'Audit quality in initial audit engagements: A quantile regression approach', in AFAANZ (ed.), Proceedings of the Accounting and Finance Association of Australia and New Zealand (AFAANZ) Conference, Accounting and Finance Association of Australia and New Zealand (AFAANZ 2014) Conference, Auckland, New Zealand, presented at Accounting and Finance Association of Australia and New Zealand (AFAANZ 2014) Conference, Auckland, New Zealand, 06 July 2014 - 08 July 2014, http://www.rieb.kobe-u.ac.jp/academic/ra/seminar/2014/seminar-details/201409171530.pdf
2014
Simnett R; Carson E; Vanstraelen A, 2013, 'An International analysis of the effectiveness of national public oversight bodies inspection regimes on audit quality', in ISAR 2013 - International Symposium on Audit Research, International Symposium on Audit Research, Sydney, Australia, presented at International Symposium on Audit Research - ISAR 2013, Sydney, Australia, 27 June 2013 - 28 June 2013
2013
Simnett R; Carson E; Vanbstraelen A; Trompeter G, 2013, 'Global Audit Firm Networks and the Role of “Other Auditors” Impact on the Quality and Costs of Multinational Group', in European Accounting Association Conference, European Accounting Association Conference, Paris, France, presented at European Accounting Association Conference, Paris, France, 06 May 2013 - 08 May 2013, http://www.eaa2013.org/r/default.asp?sCode=LOGIN&item=CF&association_id=2
2013
Simnett R; Carson E; Vanstraelen A, 2013, 'An International Analysis of the Effectiveness of National Public Oversight Bodies Inspection Regimes on Audity Quality', in Accounting and Finance Association of Australia and New Zealand (ed.), AFAANZ 2013, AFAANZ 2013, Perth, Western Australia, presented at AFAANZ 2013, Perth, Western Australia, 07 July 2013 - 09 July 2013
2013
Prasad AL; Carson E; Simnett R, 2013, 'Do Investments in industry specializations by Big 4 audit firms pay off?', in Accounting and Finance Association of Australia an (ed.), AFAANZ 2013, AFAANZ 2013, Perth, Australia, presented at AFAANZ 2013, Perth, Australia, 07 July 2013 - 09 July 2013
2013
Carson EA; Luc A; Wong L, 2012, 'The Relative Effects of Audit Partner Tenure and Audit Firm Tenure on Audit Quality', in Accounting and Finance Association of Australia and New Zealand Programme & Proceedings, Accounting and Finance Association of Australia and New Zealand, Australia, presented at Accounting and Finance Association of Australia and New Zealand Conference, Melbourne, Australia, 01 July 2012 - 03 July 2012
2012
Carson EA; Carey P; Shen X, 2010, 'The Impact of Audit Firm Change and Audit Partner Rotation on Auditor-Provided Non-Audit Services', in AFAANZ Conference, AFAANZ Conference, New Zealand, pp. 1 - 32, presented at AFAANZ Conference, Christchurch New Zealand, 04 July 2010 - 06 July 2010
2010
Carson EA; Dowling C, 2010, 'The production of audit services: the relationship between audit support system design and audit pricing by global audit firm networks', in AAA Annual Meeting and CTLA, American Accounting Association, U.S.A., pp. 1 - 33, presented at AAA Annual Meeting and CTLA, San Francisco, 02 August 2010 - 04 August 2010
2010
Carson EA; Simnett R; Tronnes P, 2010, 'International Consistency and Convergence in the Application of International Auditing Standards: Evidence from Going Concern Modifications', in ISAR Conference 2919, ISAR Conference, Singapore, pp. 1 - 31, presented at ISAR Conference, Singapore, 24 June 2010 - 25 June 2010
2010
Carson EA; Bedard J; Simnett R, 2010, 'The Impact of Cross-Listing on Audit Fees: Disentangling the Effects of Litigation Risk and Audit Effort', in ISAR Conference 2010, ISAR Conference, Singapore, pp. 1 - 30, presented at ISAR Conference, Singapore, 24 June 2010 - 25 June 2010
2010
Carson EA; Simnett R, 2009, 'International Consistency in Audit Reporting Behaviour: Evidence from Going Concern Modifications', in International Consistency in Audit Reporting Behaviour: Evidence from Going Concern Modifications, Accounting & Finance Australia and New Zealand Conference, 2009., Adelaide, Australia, presented at Accounting & Finance Australia and New Zealand Conference, 2009., Adelaide, Australia, 05 July 2009 - 07 July 2009
2009
Simnett R; Carson EA; Soo B; Wright AM, 2008, 'The Pricing of Client Risk by Big N and Non Big N Audit Firms: 1996 - 2004', in Programme & Proceedings American Accounting Association Conference 2008, American Accounting Association Mid-Year Meeting 2008, Austin, Texas, USA, presented at American Accounting Association Mid-Year Meeting 2008, Austin, Texas, USA, 17 January 2008 - 19 January 2008
2008
Carson EA; Huang JJ, 2008, 'The Impact of the demise of Arthur Andersen on the U.S., U.K. and Australian audit markets: A comparative analysis', in Program & Proceedings - Accounting & Finance Association of Australia Conference 2008, AFAANZ 2008 Accounting and Finance Association of Australia Conference, Sydney, presented at AFAANZ 2008 Accounting and Finance Association of Australia Conference, Sydney, 06 July 2008 - 08 July 2008
2008
Carson EA; Fazli MA, 2007, 'The Impact of Sarbanes-Oxley on Australian Listed Firms', in Proceedings of the AFAANZ Annual Conference, AFAANZ 2007 Annual Conference, Gold Coast, Qld, presented at AFAANZ 2007 Annual Conference, Gold Coast, Qld, 01 July 2007 - 03 July 2007
2007
Carson EA; Simnett R; Soo B; Wright A, 2006, 'The Pricing of Client Risk in a Competitive Audit market', in American Accounting Association Mid -year, American Accounting Association Auditing Section 2006 Mid year Conference, Los Angeles, California, presented at American Accounting Association Auditing Section 2006 Mid year Conference, Los Angeles, California, 12 January 2006 - 14 January 2006
2006
Carson EA, 2006, 'Industry Specialization by Global Audit Firm Networks', in American Accounting Association Auditing Section 2006 Mid year Conference, Los Angeles, California, pp. 355 - 382, presented at American Accounting Association Auditing Section 2006 Mid year Conference, Los Angeles, California, 12 January 2006 - 14 January 2006, http://dx.doi.org/10.2308/accr.2009.84.2.355
2006
Carson EA; Simnett R; Ye P, 2006, 'Threats to Auditor Independence: The Impact of Non-Audit Services, Tenure and Alumni Affiliations', in ISAR International Symposium on Audit Research, ISAR International Symposium on Audit Research, Sydney, presented at ISAR International Symposium on Audit Research, Sydney, 22 June 2006 - 23 June 2006
2006
Barkess LK; Carson EA; Cohen J, 2003, 'The impact of corporate governance on auditor switching', in Faff R (ed.), Proceedings of the AFAANZ Annual Conference, AFAANZ 2003 Annual Conference, Brisbane, Qld, pp. 52 - 52, presented at AFAANZ 2003 Annual Conference, Brisbane, Qld, 06 July 2003 - 08 July 2003
2003
Carson EA; Simnett R; S00 B; Wright A, 2002, 'Audit and other services fees: Longitudinal analysis of the audit market', in Professor Robert Faff, Monash University (ed.), Proceedings of the AFAANZ Annual Conference, AFAANZ 2002 Annual Conference, Perth, WA, pp. 43 - 43, presented at AFAANZ 2002 Annual Conference, Perth, WA, 07 July 2002 - 09 July 2002
2002
Carson EA; Harding NJ, 1999, 'The effect of audit education upon the message perceived from financial statement audit reports in China.', in Peyvandi A; Tai B (ed.), Eleventh Asian - Pacific Conference on International Accounting Issues, 11th Asian - Pacific Conference on International Accounting Issues, Melbourne, pp. 146 - 149, presented at 11th Asian - Pacific Conference on International Accounting Issues, Melbourne, 21 November 1999 - 24 November 1999
1999
Book Chapters
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Carson E, 2014, 'Globalization of auditing', in Hay D; Knechel WR; Willekens M (ed.), The Routledge Companion to Auditing, Routledge, London, pp. 23 - 32, http://www.routledge.com/books/details/9780415633635/
2014
Reports
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Tronnes PC; Simnett R; Carson E, 2012, International Consistency in Audit Reporting Behaviour: Evidence from Going Concern Modifications, http://files.iaaer.org/research/IAASB_Report_Final_working_version_9_January_2012.pdf?1406556333
2012
Books
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Trotman K; Gibbins M; Carson E, 2012, Financial Accounting: An Integrated Approach, Cengage Learning Australia, Australia
2012
Trotman KT; Carson EA; Gibbons M, 2009, Financial Accounting: An Integrated Approach., 4th, Cengage Learning Australia, Australia
2009
Theses / Dissertations
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Carson EA, 2005, Global audit firm networks, global industry specilisations and the market for audit services
2005
Carson EA, 1998, Factors associated with the development of corporate governance structure
1998

Elizabeth Carson's research interests include economics of global and national audit markets, industry specialisation by auditors and audit reporting. Her PhD investigating global audit firm networks and global industry specialisation by audit firms was awarded the American Accounting Association Auditing Section Outstanding Dissertation Award. She teaches at postgraduate level in financial accounting and auditing, as well as supervising research students in the Honours, MPhil and PhD programs. 

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