Researcher

Professor Gary Monroe

My Expertise

His research interests include auditing with an emphasis on auditor judgment and decision making and the economics of auditing, business ethics,  and financial reporting. He conducts research using experimental, archival, survey and qualitative research methodologies. 

Keywords

Field of Research (FoR)

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Biography

Professor Gary Monroe is an internationally renowned researcher in auditing with an emphasis on audit judgment and the economics of auditing. His main research area of interest is auditing, but he also conducts research in banking and finance, financial accounting, business ethics and management accounting. With respect to research methods, Gary has published papers using archival, experimental, survey and qualitative research methods. He has...view more
Professor Gary Monroe is an internationally renowned researcher in auditing with an emphasis on audit judgment and the economics of auditing. His main research area of interest is auditing, but he also conducts research in banking and finance, financial accounting, business ethics and management accounting. With respect to research methods, Gary has published papers using archival, experimental, survey and qualitative research methods. He has published articles in: Auditing: A Journal of Practice and Theory, Journal of Banking and Finance, Accounting, Auditing and Accountability Journal, The British Accounting Review, Journal of Business Ethics, Abacus, Behavioral Research in Accounting, Journal of Accounting and Public Policy, Journal of Accounting, Auditing and Finance, Accounting and Finance, The International Journal of Accounting, International Journal of Auditing, Journal of Contemporary Accounting and Economics, Australian Accounting Review, Accounting Education, Accounting Research Journal.

He currently serves as Deputy Editor-in-Chief for Accounting and Finance [ABDC rank A] and is the incoming Editor-in-Chief for Accounting and Finance commencing in 2021. He was also an editor for Auditing: A Journal of Practice & Theory [ABDC rank A*] from 2016 - 2020 and the Finance Section Editor for the Journal of Business Ethics [ABDC rank A / FT50] from 2011 - 2015. He also serves on the Editorial Boards of a number of international journals.

He was Chair of the Accounting Panel for the Australian Business Deans Council 2019 Journal Quality List Review.

He has received awards for his research and teaching awards for his undergraduate teaching and PhD supervision.

In recognition of his outstanding contribution to the accounting academic profession in Australia, he was made a Life Member of the Accounting and Finance Association of Australia and New Zealand in 2013.


My Grants

I have been awarded over $600,000 in research funding including: ARC LIEF grant, 2016 [$260,000]; ARC Linkage Grant, 2009 [$255,000]; Institute of Chartered Accountants Australia, 2014 [$15,765]; CPA Australia Synthesis Project Research Grant, 2012 [$5,000]; Canadian Academic Accounting Association Research Grant, Canada, 2008 [$9,000]; 7 AFAANZ Research Grants [total of $40,000]; Small ARC Grant, 2000 [$10,000].

  • Accounting and Finance Association of Australia and New Zealand Research Grant ($5,000) for “The effect of delegation and motivated forgetting on misreporting: The moderating role of mindfulness” (with Vincent Chong, Janne Chung and Isabel Wang), 2016.
  • Australian Research Council LIEF grant ($260,000) “Enhanced modelling capacity for the Industrial Ecology Virtual Laboratory” LE160100066, 2015 (with T. Wiedmann, M. Diesendorf, M. Balatbat, M. Lenzen, P. Perez, P. Lant, S. Kenway, A. Halog, and R. Crawford).
  • Institute of Chartered Accountants Australia ($15,765) for “An investigation of personality and whistle-blowing accounting fraud” (with Paul Andon and Clinton Free), 2014.
  • University of Western Australia Business School Research Development Scheme ($6,000) for “The impact of organizational ethical climate, delegation, compensation scheme and moral disengagement on employees’ unethical behaviours” (with Vincent Chong and Isabel Wang), 2014,
  • Accounting and Finance Association of Australia and New Zealand Research Grant ($11,020) for “Political connections, social networking, and performance measurement systems: Evidence from Australia and China” (with Vincent Chong and Frank Zhang), 2013.
  • AASIG/CPA Australia Synthesis Project Research Grant ($5,000) for “Auditor Independence” (with Peter Carey and Greg Shailer), 2012.
  • ARC Linkage Grant ($255,000) for “Investment Approaches and Opportunities in Renewable Energy and Financial Resource Markets using Semi-parametric approaches to evolutionary subset Time-series Lattice-ladder Modelling” (with T J O’Neill, R D Terrell, A H Welsh and J Penm), 2009 – 2010 .
  • Canadian Academic Accounting Association Research Grant ($9,000) for “Creating Bias in Accounting Estimates” (with Janne Chung and Jeff Cohen), 2008.
  • Accounting and Finance Association of Australia and New Zealand Research Grant ($5,500) for “The Impact of Sustainability Disclosure and Assurance Reports on Financial Report Users’ Share Price Judgments and Perceptions of Information Reliability” (with Paul Coram), 2007.
  • Association of Australia and New Zealand Research Grant ($5,000) for “The Effects of Strategic Systems Audit Approach on Auditors’ Hypotheses Generation and Hypotheses Evaluation” (with Radzi Jidin), 2006.
  • Accounting and Finance Association of Australia and New Zealand Research Grant ($5,000) for the “Development of Self-Report Measures of Auditor Expertise” (with Steven Fraser), 2006.
  • Accounting and Finance Association of Australia and New Zealand Research Grant ($3,800) for “Team Effectiveness: An Empirical Examination of its Antecedents” (with Chris Chan, Juliana Ng, J. and Rebecca Tan), 2005.
  • Accounting and Finance Association of Australia and New Zealand Research Grant ($5,000), “The Joint Effect of Voluntary Non-Financial Disclosure and Assurance on Company Valuation Judgments” (with Paul Coram), 2004.
  • ARC Small Research Grant ($10,000) for “The Role of Private Information and Management Control Systems on Managers’ Project Evaluation Judgements in Multi-Period and Multi-Agent Settings (with Vincent Chong, Janne Chung and Ian Eggleton), 2000.
  • Small and Medium-Sized Research Centre Research Grant ($3,342) for Turnover Intention in Small and Medium-Sized Public Accounting Firms: A Test on the Antecedents and Consequences of Job Burnout” (with Vincent Chong), 1999.
  • Small and Medium-Sized Research Centre Research Grant ($5,000) for “The Effect of Explanation and Counter-explanation on Fraud Detection” (with Janne Chung), 1999.
  • Industry Research Grant from the Office of the Auditor General ($5,000) for” An Analysis of the Cost Effectiveness and Efficiency of Out-sourced vs Internal Audits”, 1998.
  • Richard D Irwin Dissertation Fellowship ($10,000).
  • Peat Marwick Mitchell & Company Research Fellowship ($8,000).

My Qualifications

PhD, University of Massachusetts | BS, Northern Michigan University


My Awards

  • Best Paper Award, Corporate Social Responsibility Stream for Khoo, E., Lim, Y. Lu, L. Y. and Monroe, G. S., “Independent Directors’ Reputation Incentives and CSR Performance”, Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference, July 2019.
  • Best Paper Award, Auditing Stream for Khoo, E., Lim, Y. and Monroe, G. S., “The Impact of Audit Committee Members’ Reputation Incentives on Monitoring the Financial Reporting Process”, Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference, July 2018.
  • ANCAAR Distinguished Audit Research Scholar, 2017 – current.
  • Award for Outstanding Service to Auditing: A Journal of Practice and Theory for outstanding contributions to the review process in 2015.
  • Life Member, Accounting and Finance Association of Australia and New Zealand, 2013. In recognition of my outstanding contribution to the accounting academic profession in Australia.
  • Vernon Zimmerman Best Paper Award for Lum, J. Y., Jidin, R. and Monroe, G. S., “The Effect of Auditors’ Job Satisfaction on the Influence of Ethical Conflict on Auditors’ Inventory Judgments”, 25th Asian Pacific Conference on International Accounting Issues, November 2013.
  • Vernon Zimmerman Best Paper Award for Jidin, R. and Monroe, G. S., “The Effects of a Client’s Political Connections on Auditors’ Judgements”, 23rd Asian-Pacific Conference on International Accounting Issues, Beijing, China, October, 2011.
  • Vernon Zimmerman Best Paper Award for Chong, K. M., Dolley, C., Houghton, K. and Monroe, G. S., “The Effect of Outsourcing Public Sector Audits on Audit Hours”, 13th Asian-Pacific Conference on International Accounting Issues, Rio de Janeiro, Brazil, October 2001.
  • Manuscript of the Year Award, by the Accounting Association of Australia and New Zealand, Monroe, G. S. and S. T. Teh, “Predicting Uncertainty Audit Qualifications in Australia Using Publicly Available Information”, Accounting and Finance, November 1993, Vol. 33 No. 2, pp 79-106.
  • Outstanding Researcher Award, Faculty of Business, Edith Cowan University, 1997.
  • Award for Excellence in Postgraduate Supervision, Edith Cowan University, 1996.
  • Award for Excellence in Research Leadership, presented by the Postgraduate and Honours Student Association of Edith Cowan University, 1999.
  • Distinguished Lecturer Award, University of Massachusetts, 1976.
  • Valedictorian, Northern Michigan University, 1975 (4.0 out of 4.0 grade point average).

My Research Activities

I am an active researcher with 63 refereed journals articles and 3 refereed chapters in research books. This includes 14 A* and 24 A ranked publications based on the Australian Business Deans Council (ABDC) journal rankings and 3 publications in journals on the Financial Times Top 50 Journals list (FT50). My main research area of interest is auditing, but I also conduct research in banking and finance, financial accounting, business ethics and management accounting. With respect to research methods, I have published papers using archival, experimental, survey and qualitative research methods.


My Research Supervision


Supervision keywords


Areas of supervision

I have an outstanding track record of supervising research students. To date, I have successfully supervised to completion 27 PhD students, 5 Research Masters students and 25 Honours students. In addition, I have two current PhD students who were awarded UNSW Scientia PhD scholarships commencing in 2019. I prefer to supervise students conducting auditing research.

 

Completed PhD Students

Eunice Khoo, “The Impact of Reputation on Audit and Financial Reporting Quality”, The University of New South Wales, completed 2019 (co-supervised with Youngdeok Lim), Recipient of the 2020 Accounting and Finance Association of Australia and New Zealand Best PhD Award.

Le (Leonard) Li, “Managerial Litigation Risk and Corporate Decisions”, The University of New South Wales, completed 2019 (co-supervised with Jeff Coulton).

Rui Ding, “Essays on Corporate Reporting and Disclosure”, The University of New South Wales, completed 2017 (co-supervised with Jeff Coulton).

Tria Ramaraya Koroy, “Training of Multidisciplinary Greenhouse Gas Assurance Engagement Teams to Improve Analytical Procedures Task Performance” The University of New South Wales, completed 2015 (co-supervised with Wendy Green).

Seng Thiam Teh, “The Impact of the Global Financial Crisis on the Comparative Value Relevance of GAAP versus Non-GAAP Earnings”, The Australian National University, completed 2014.

Kanyarat Sanoran, “Executive Compensation Structure, Moderating Effects of the Sarbanes-Oxley Act of 2002, and Going Concern Modified Audit Report”, The University of New South Wales, completed 2014.

Yuyu Zhang, “Audit Fees and Asset Securitization Risks”, The University of New South Wales, completed 2013.

Radzi Jidin, “The Effects of a Client’s Political Connections on Auditors’ Judgements,” The Australian National University, completed 2011.

Roszana Tapsir, “Auditors’ Perceptions of the Financial Controller Behaviours: Existence of Positivity and Negativity Biases”, The Australian National University, completed 2011.

Endrawes, Medhat, “Professional Scepticism of Auditors: A Cross-Cultural Experiment”, The University of Western Sydney, completed 2010.

Hossain, Sarowar, “Auditor Independence and Audit Quality: The Role of Director-Auditor Interlocking”, The Australian National University, completed 2009 (co-supervised with Mark Wilson).

Sarker, Tapan, “An Empirical Examination of Factors Influencing Managers’ Environmental Investment Decision-Making in the Australian Offshore Petroleum Industry”, The Australian National University, completed 2009.

Qian, Wei, “Environmental Accounting for Local Government Waste Management in Australia: An Assessment of Institutional and Contingency Theory Explanations”, The Australian National University, completed 2008 (co-supervised with Roger Burritt).

Azizkhani, Masoud, “Auditor Type, Length of Auditor-Client Relationship and the perceived Credibility of Financial Reports”, The Australian National University, completed 2008 (co-supervised with Greg Shailer).

Mohammad Ali Bagherpour Velashani, “Auditor Switches and Emerging Markets: The Case of Iran”, The Australian National University, completed 2007 (co-supervised with Greg Shailer).

Peter Baxter, “Audit Committees and Financial Reporting Quality”, The University of Southern Queensland, completed 2007 (co-supervised with Julie Cotter).

Agusman Agusman, “An Empirical Examination of Bank Risk Taking – Asian Evidence”, The Australian National University, completed 2006.

Paul Coram, "The Effect of Voluntary Disclosure of Non-Financial Performance Indicators on Company Valuation Judgements: An Experimental Analysis", The Australian National University, completed 2006.

Colleen Hayes, “Accountability and Efficiency and the Decision of Whether to Appoint the Incumbent Audit Firm to Provide Non-Audit Services” Edith Cowan University, completed 2006.

Theo Christopher, “Corporate Social Disclosure in the Timber Industry in Western Australia 1989 – 1998: A Test of Legitimacy Theory”, Edith Cowan University, completed 2003.

Kar Ming Chong, “Resource Allocation and Efficiency in Public Sector Audits”, Edith Cowan University, completed 2001 (co-supervised with C. Dolley and K. Houghton).

Tatang Gumanti, “Accounting Information and the Underpricing of Indonesian Initial Public Offerings”, Edith Cowan University, completed 2000 (co-supervised with D. Allen).

Maria Kapardis, “Enhancing the Auditor’s Fraud Detection Ability: An Interdisciplinary Approach”, Edith Cowan University, completed 1999.

Janne Chung, “An Examination of Methods of Improving Audit Judgment”, Edith Cowan University, completed 1998.

Juliana Ng, “An Examination of Auditors’ Risk Judgments”, The University of Western Australia, completed 1995.

David Woodliff, “An Empirical Investigation of the Audit Expectation Gap in Australia”, The University of Western Australia, completed 1995.

Janice How, “The Pricing of Initial Public Offerings in Australia”, The University of Western Australia, completed 1994.

Masters by Research Students

Yi-Hsuan (Cecilia) Chiu, “Financial Restatements and Audit Quality”, completed 2018, UNSW.

Jeffrey Knapp, “Voluntary Administrators and Company Survival: Does Professional Experience and Firm Affiliation Matter?”, completed 2011, UNSW.

Mardi Gooding, “The Relation between Inherent Risk Factors and Material Misstatements in Unaudited Account Balances: An Empirical Investigation”, completed 1996, Curtin University.

Millicent Chang, “The Impact of Audit Contract Type, Tenure, Audit Fees and Other Services on Auditors’ and Financial Statement Users’ Perceptions of Audit Quality”, completed 1994, UWA.

Len Therry, “An Experimental Study of the Effects of Inherent Risk, Control Risk, and Analytical Review Procedures on the Auditors’ Planning Process”, completed 1993, UWA.

Honours Students

I have supervised approximately 25 Honours students.


Currently supervising

Miaodi Han, Scientia PhD student

Ling Qin, Scientia PhD student


My Engagement

Editorships

  • Editor-in-Chief, Deputy Editor in Chief, Accounting and Finance, 2002 – current (Deputy Editor 2002 – 2019, Deputy Editor in Chief from 2019, Editor-in-Chief from 2021) [ABDC A].
  • Editor, Auditing: A Journal of Practice and Theory, 2016 – 2020 [ABDC A*].
  • Finance Section Editor, Journal of Business Ethics, 2011 – 2015 [ABDC A / FT50].

Memberships - Company Boards, Professional Associations

  • Fellow, CPA Australia
  • Life Member, Accounting and Finance Association of Australia and New Zealand
  • Past President, Accounting and Finance Association of Australia and New Zealand
  • American Accounting Association
  • Board of Directors, Expertential Pty Ltd

Previous Selected University and non-University Engagement Activities

  • Chair of the Accounting Panel for the Australian Business Deans Council 2019 Journal Quality List Review.
  • Chair of the Technical Committee for Auditing for the Accounting and Finance Association of Australia and New Zealand Annual Conference, 2014 – 2019.
  • Research Grant Committee for Accounting and Finance Association of Australia and New Zealand, 2014 – 2019
  • Accounting and Finance Association of Australia and New Zealand Visiting Professor, 2015.
  • International Symposium on Auditing Research, member of the UNSW technical committee, 2010 – current.
  • UNSW ASB Human Research Ethics Panel Chair, 2011 – 2020.
  • UNSW ASB Experimental Lab Management Committee, 2011 – 2020.
  • Academic Board, The Australian National University, 2002 – 2003.
  • Management Review and Audit Committee, Edith Cowan University, 1994 – 2002.
  • Academic Board, Edith Cowan University, 1994 – 2001, (Deputy Chair during 1997 and Chair of Academic Board during 1998).

My Teaching

Current Courses 

  • ACCT4897 Seminar in Research Methodology
  • ACCT5997 Seminar in Research Methodology
  • ACCT5942 Corporate Accounting and RegulationCourse

Previous Courses

Auditing, Advanced Auditing, Introductory Financial and Managerial Accounting, Company Accounting, Cost Accounting, Management Accounting, Advanced Management Accounting, Accounting Theory, Accounting Information Systems., Business Research Methods, MBA Financial and Managerial Accounting, Behavioural Research in Accounting and Accounting Research Methods.

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Location

Room 3085 Quadrangle building - Ref E15

Contact

+61 2 9385 6443
55925