Carol Dee

Carol Dee
Associate Professor • Discipline Director of Accounting
Accounting

BUSB 6000B

Carol Callaway Dee is an associate professor of accounting as well as the Discipline Director of Accounting. She served for one year as an academic fellow for the Public Company Accounting Oversight Board (PCAOB), conducting research on the economic effects of proposed auditing standards.

Dee’s research focuses on auditing and forensic accounting. She has published in leading accounting journals, including The Accounting Review, Contemporary Accounting Research, Current Issues in Auditing, Issues in Accounting Education, and Journal of Accounting and Public Policy. Dee is an associate editor for the Journal of Forensic Accounting Research.

Dee is co-author with Cindy Durtschi and Mary Mindak of the auditing casebook "Alpine Cupcakes Inc.: Audit Case Study." Her accounting education cases, "Return of the Tallahassee BeanCounters: A Case in Forensic Accounting" (with Durtschi) and "Grand Teton Candy Company: Connecting the Dots in a Fraud Case" (with Durtschi and Mindak) are used by faculty around the world. She is a recipient of the CU Denver Business School’s Outstanding Tenure-Track Teacher of the Year Award.

Education

PhD Accounting, Louisiana State University, Baton Rouge, 1999

BS Accounting with honors, University of Florida, Gainesville, 1983

Certified Public Accountant, Florida, License is active, 1984-present

Areas of expertise

Auditing

Accounting

Economics

Finance

Publications and presentations

The Terminology of Going Concern Standards: How Subtle Differences in Wording Can Have a Big Impact. 2016. With Brian Daugherty, Denise Dickins, and Julia Higgs. The CPA Journal 86:1 (January): 34-39. Who Did the Audit? Audit Quality and Disclosure of Other Audit Participants in PCAOB Filings. 2015. With Ayalew Lulseged and Tianming Zhang. The Accounting Review 90 (5): 1939–1967.

Who Did the Audit? Audit Quality and Disclosure of Other Audit Participants in PCAOB Filings. 2015. With Ayalew Lulseged and Tianming Zhang. The Accounting Review, forthcoming.

 Grand Teton Candy Company: Connecting the Dots in a Fraud Investigation. 2014. With Cindy Durtschi and Mary Mindak. Issues in Accounting Education 29 (3): 443–45.

Should PCAOB Disciplinary Proceedings Be Made Public? Evidence from Sanctions against a Big 4 Auditor. 2012. With Ayalew Lulseged and Tianming Zhang. Current Issues in Auditing 6 (2): P18–P24.

Client Stock Market Reaction to PCAOB Sanctions against a Big Four Auditor. 2011. With Ayalew Lulseged and Tianming Zhang. Contemporary Accounting Research 28 (1): 263–291.

No News is Bad News: Market Reaction to Reasons Given for Late Filing of Form 10-K. 2010. With William Hillison and Carl Pacini. Research in Accounting Regulation 22: 121-127.

Return of the TallahasseeBeancounters: A Case in Forensic Accounting. 2010. With Cindy Durtschi. Issues in Accounting Education 25 (2): 279-321.

Environmental Costs and Obligations for Oil and Gas Firms: A Five-Year Perspective. With Mimi Alciatore. 2010. Oil, Gas, and Energy Quarterly 58 (4): 609-614.

A Tale of Two Cities. With Mimi Alciatore. Oil, Gas, and Energy Quarterly 58(3): 439-449.

In International Comparison of Equity Valuation Models: Hong Kong, Singapore, and Japan. With Meihua Koo. 2009. International Review of Accounting, Banking and Finance 1 (July): 48-60.

Asset Retirement Obligations for Oil and Gas Companies: Issues and Evidence. With Mimi Alciatore and Peter Easton. 2008. Oil, Gas, and Energy Quarterly LVII: 327-334.

Prominent Audit Clients and the Relation Between Discretionary Accruals and Non-Audit Service Fees. With Ayalew Lulseged and Tanya Nowlin. 2006. Advances in Accounting 22: 129-155.

The Current Status of Environmental Reporting: An Analysis of Petroleum Firms' Disclosures. With Mimi Alciatore. 2006. Advances in Environmental Accounting and Management 3: 49-75

"More Bang for the Audit Buck." With William Hillison. 2006. Journal of Corporate Accounting and Finance 17 (May/June): 17-23.

 Executive Compensation and Risk: The Case of Internet Firms. With Ayalew Lulseged and Tanya Nowlin. 2005. Journal of Corporate Finance 12: 80-96.

Changes in Environmental Regulation and Reporting From 1989 to 1998: The Case of the Petroleum Industry. With Mimi Alciatore and Peter Easton. 2004. Journal of Accounting and Public Policy 23: 295-304.

The Relation between Disaggregated Restructuring Charges and Stock Returns: The Effects of Financial Distress. With Darlene Anderson. 2004. Journal of Applied Business Research 20: 1-18.

"Asset Write-Downs: A Decade of Research." With Mimi Alciatore, Peter Easton, and Nasser Spear. 1998. Journal of Accounting Literature 17: 1-39.

Awards

CU Denver Business School’s Outstanding Tenure-Track Teacher of the Year Award