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Leading Scholars Gather to Discuss Hot Topics in Today's Field of Accounting

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On September 25 & 26, NYU Stern’s Vincent C. Ross Institute of Accounting Research hosted the 2009 Journal of Accounting, Auditing and Finance & KPMG Foundation Conference on “Topical Issues in Accounting.” More than 100 academics from prominent universities around the world, including Carnegie Mellon University, Harvard University, Massachusetts Institute of Technology, University of North Carolina at Chapel Hill, University of Illinois, Stanford, University of Southern California and NYU Stern, along with several practitioners, convened to present their latest research.

Randolph Beatty of the University of Southern California

“Following a year of financial market unrest, accounting practices are being scrutinized and questioned more than ever,” said Stern Accounting Professor K.R. Balachandran, editor-in-chief of the Journal of Accounting, Auditing and Finance and the conference organizer. “The new research presented at this year’s event will influence practitioners and policy-makers shaping the future of accounting practice and regulation. For instance, a paper presented by Jeffrey Ng of MIT on ‘Market Pricing of Banks’ Fair Value Assets Reported under SFAS 157 during the 2008 Economic Crisis,’ sparked discussion among attendees and will contribute to the ongoing dialogue about the future of mark-to-market accounting.”

Back-to-back keynote talks kicked off the conference on day one. Franklin Allen of the University of Pennsylvania examined “Mark-to-Market Accounting for Financial Institutions” and Randolph Beatty of the University of Southern California delivered an address on “An Academic Administrator’s View of the Financial Crisis: Politics, Lemons, Musical Chairs and School Rankings.”

The topics of research presented ranged from the importance of accounting information for portfolio optimization and market pricing of bank assets during the economic crisis to critical accounting policy disclosures and the pricing of research and development.

Learn more about the conference and read the full research papers