Marcy L. Shepardson Associate Professor of Accounting Indiana University
Kelley School of Business
1309 E. Tenth St., HH5129 Bloomington, Indiana 47405 (812) 856-7768 shepardm@indiana.edu
December 2023
EDUCATION The University of Texas at Austin, McCombs School of Business Austin, Texas Ph.D. in Accounting awarded in May 2012
The University of Texas at Austin, McCombs School of Business Master of Science, Accounting, 2009
Michigan State University, Eli Broad College of Business Bachelor of Arts, Accounting, 1998
Austin, Texas
East Lansing, Michigan
ACADEMIC EXPERIENCE
Indiana University,Kelley School of Business Associate Professor of Accounting
Assistant Professor of Accounting Acting Assistant Professor of Accounting
Bloomington,Indiana 2019 – present
2012 – 2019 2011 – 2012
The University of Texas at Austin, McCombs School of Business Graduate Teaching/ResearchAssistant and Assistant Instructor
Austin, Texas 2006 – 2011
PUBLICATIONS Kinney, W. and M. Shepardson.“Do Control EffectivenessDisclosuresRequire SOX 404(b) Internal Control Audits? A Natural Experiment with Small U.S. Public Companies,” Journal of Accounting Research 49 (2011): 413 – 448.
Kinney, W., R. Martin, and M. Shepardson. “Reflections on a Decade of SOX 404(b) Audit Production and Alternatives,” Accounting Horizons 27 (2013): 799 – 813.
Schroeder, J. and M. Shepardson. “Do SOX 404 Control Audits and Management Assessments Improve Internal Control System Quality?” The Accounting Review 91 (2016): 1513 – 1541.
Bhaskar, L., J. Schroeder, and M. Shepardson. “Integration of Internal Control and Financial Statement Audits: Are Two Audits Better than One?” The Accounting Review 94 (2019): 53 – 81.
Shepardson, M. “Effects of Individual Task-Specific Experience in Audit Committee Oversight of Financial Reporting Outcomes” Accounting, Organizations and Society 74 (2019): 56 – 74.
WORKING PAPERS
“Does Compelling Audit Committee Stock Ownership Affect Their Monitoring of Financial Reporting?” with Bree Josefy and Rani Hoitash (Revising for Submission)
“Are Audited Firms Less Likely to Fail? The Case of Audits and Bank Failure” with Jane Barton and Leslie Hodder (Under review)
“Do Disclosure Controls Constrain Opportunistic Non-GAAP Reporting?” with Anne Albrecht and Roy Schmardebeck (Under review)
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M. Shepardson December 2023
“Effects of Intense Scrutiny of Financial Reporting Controls on Operational Outcomes” with Andrea Down and Joe Schroeder (Under review)
RESEARCH INTERESTS
Auditing, audits of internal controls over financial reporting, corporate governance, auditing standards, auditor and audit committee expertise
PROFESSIONAL WORK EXPERIENCE
INVITED RESEARCH PRESENTATIONS
Deloitte & Touche LLP Audit Manager (highest rank)
Arthur Andersen LLP Audit Senior (highest rank)
University of South Florida, 2024 (scheduled) KU Leuven, 2023
University of Alabama, 2023 University of Houston, 2022 University of Florida, 2020 University of Nebraska, 2019
AAA Audit Midyear Meeting, 2019 University of Iowa, 2017 University of Kansas, 2016
San Diego, California 2002 – 2006
San Diego, California 1998 – 2002
University of Kansas Auditing Symposium (presented by co-author), 2016 International Symposium on Auditing Research, 2014 – 2016, 2019 University of Massachusetts at Amherst, University of Kentucky, 2015
Michigan State University, University of Illinois, Indiana University, University of Arizona, 2011
Accounting Hall of Fame Conference, University of Texas, 2010
Journal of Accounting Research Conference (presented by co-author), 2010 AAA Annual Meeting, New York, New York, 2009
CONFERENCES ATTENDED
AAA Auditing Section Midyear Meeting, 2008 – 2014, 2017 – 2019 (Discussant), 2021, 2023 – 2024 Tilburg Winter Symposium, 2023
Contemporary Accounting Research Conference, 2023 EARNet Symposium, 2023 (Presenter and discussant) IAAER Congress, 2022
Conference on Financial Economics and Accounting, 2008 (Discussant), 2011, 2021
Univ. of Illinois Symposium on Audit Research, 2006, 2008, 2012, 2014, 2016, 2018, 2020 (Discussant), 2022
Texas Audit Symposium, 2019
Intl. Symposium on Auditing Research, 2014 (Presenter), 2015 (Presenter), 2019 (Presenter) PCAOB / JAR Conference, 2017, 2018
University of Notre Dame Conference, 2017 University of Kansas Auditing Symposium, 2016
William R. Kinney, Jr. Retirement Conference, University of Texas 2016 AAA Annual Meeting, 2008 – 2013, 2015, 2017
EAA Annual Meeting, 2013, 2015
PCAOB Conference, Washington, D.C., 2013, 2014, 2016, 2022 Center for Audit Quality Annual Meeting, 2012, 2013, 2017 Deloitte Trueblood Conference, 2013
University of Texas PhD Reunion Conference, 2012 Accounting Hall of Fame Conference, 2010 (Presenter)
M. Shepardson
PROFESSIONAL SERVICE
December 2023 AAA / Deloitte / Michael J. Cook Doctoral Consortium,2010
Journal of Accounting Research Conference, 2010 University of Texas Conference,2007 - 2010 Lone Star Conference, 2009
University of Texas at Dallas Corporate GovernanceSymposium, 2008
Editor
European Accounting Review, Associate Editor, 2024 - 2027 Auditing: A Journal of Practice and Theory, ad hoc, 2021 – 2023
Editorial Board Service
Auditing: A Journal of Practice and Theory, 2021 – Current Accounting Horizons, 2021 – Current
Ad Hoc Reviewer
Accounting, Organizations and Society; Accounting Horizons; The Accounting Review; Contemporary Accounting Research; Management Science; Review of Accounting Studies; Auditing: A Journal of Practice and Theory; Behavioral Research in Accounting; Managerial Auditing Journal; International Journal of Auditing
Auditing Section Annual and Midyear Meetings, AAA
Financial Accounting and Reporting Section Annual and Midyear Meetings, AAA
Other Professional Service
AAA Auditing Section Nominations Committee Member, 2022 – 2023 AAA Auditing Mid-year Meeting Vice-Chair, 2022
AAA Annual Meeting Chair, Auditing Section, 2021
Auditing Scholars Summer Webinar Series, Founder and Administrator, 2020 – 2021 Auditing Educators Facebook Group, Founder and Moderator, 2010 – current
AAA Annual Meeting Vice-Chair, Auditing Section, 2020
UNIVERSITY SERVICE
Indiana University
IU2030 Future of Graduate Education Task Force, Health and Wellness Working Group, 2022 Graduate Faculty Council, Elected Representative, 2021 - 2023
Center of Excellence for Women and Technology Research Advisor, 2020 – 2021
Center of Excellence for Women and Technology Research Hackathon Judge, 2019 – 2021
Kelley School of Business
Kelley School of Business Academic Council, Elected Faculty Representative, 2020 – 2021 Kelley Doctoral Program Policy Committee, 2020 – 2022
Jellison Living and Learning Center Residential Fellow, 2020 – 2023
Kelley School of Business Academic Fairness Committee, 2015 – 2016, 2017 – 2018
Kelley School of Business, Department of Accounting Accounting Doctoral Program Policy Committee, Chair 2020 – 2023 Accounting Doctoral Program Policy Committee, 2019 – 2023 Faculty Recruiting Committee 2020 – 2021
Deloitte Auditing and Innovation Campus Challenge, Team Advisor, 2019 – 2020 IU Representative at Accounting Doctoral Scholars Conference, 2017 – 2020
IU Representative at The PhD Project Conference, 2020 - 2022 Accounting Research Workshop coordinator, 2014 – 2015 Auditing Recruiting committee, 2011 – 2014
M. Shepardson
DISSERTATION COMMITTEES
December 2023 University of Miami Recruiting Conference, December 2011, 2012
Brittani Jackson, 2024 (expected), Co-Chair Jane Barton, Indiana University, 2015, Member
COMMUNITY SERVICE
PROFESSIONAL CERTIFICATIONS & AFFILIATIONS
HONORS AND AWARDS
Indiana University Credit Union Supervisory Committee (Chair) 2016 – 2023 Bloomington Symphony Orchestra Board of Directors and Treasurer 2013 – 2014
Certified Public Accountant,California (inactive) Member, American Accounting Association
Member, Canadian Academic Accounting Association Member, European Accounting Association
Member, AAA Auditing Section Member, AICPA
AAA Auditing Section Community Builder Award, 2022 Indiana University Trustees’ Teaching Award, 2021
Nominated for Indiana University Trustees’ Teaching Award, 2016
Nominatedfor Fred Moore Assistant Instructor Award for Teaching Excellence, 2010 Nominatedfor University of Texas Graduate Student Instructor Award, 2010 University of Texas Continuing Fellowship,2010 - 2011
Deloitte & Touche Michael J. Cook Doctoral Consortium Fellow, 2010 Deloitte & Touche Foundation Doctoral Fellowship,2009 - 2010
University of Texas McCombs School of Business Doctoral Fellowship, 2007 - 2009 University of Texas Pre-emptiveRecruiting Fellowship, 2006 - 2007
California Society of CPAs Doctoral Fellowship, 2006 – 2009