Mark Peecher

Mark Peecher

Deloitte Professor of Accountancy and Associate Dean of Faculty and Academic Director, Center for Professional Responsibility in Business & Society

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274 Wohlers Hall

1206 S. Sixth

Champaign, IL 61820

217-333-4542

peecher@illinois.edu

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Educational Background

  • Ph.D., Accountancy, Dissertation: Consequentiality, Justification and Auditors' Decision Processes: A Theoretical Framework and Two Experiments, University of Illinois at Urbana-Champaign, 1994
  • M.A.S., Accountancy, University of Illinois at Urbana-Champaign, 1989
  • B.S., Highest Honors, Accountancy, University of Illinois at Urbana-Champaign, 1988

Positions Held

  • Associate Dean of Faculty, University of Illinois, Gies College of Business, 2015 to present
  • Academic Director, Center for Professional Responsibility in Business and Society, University of Illinois at Urbana-Champaign, 2014 to present
  • Deloitte Professor of Accountancy, University of Illinois at Urbana-Champaign, 2009 to present
  • Director, Ph.D. Program, Department of Accountancy, University of Illinois at Urbana-Champaign, 2006-2013
  • Professor of Accountancy, University of Illinois at Urbana-Champaign, 2006 to present
  • Associate Professor of Accountancy, University of Illinois at Urbana-Champaign, 1998-2006
  • Consultant, National Law Firm, 1998,2013
  • Assistant Professor of Accounting, University of Washington, 1994-1998
  • Acting Assistant Professor of Accounting, University of Washington, 1994

Recent Publications

  • Elliott, W., Fanning, K., & Peecher, M. Forthcoming. Do Investors Value Higher Financial-Reporting Quality, and Can Expanded Audit Reports Unlock This Value? The Accounting Review.
  • Bauer, T., Hillison, S., Peecher, M., & Pomeroy, B. Forthcoming. Revising Audit Plans to Address Fraud Risk: A Case of "Do as I Advise, Not as I Do?". Contemporary Accounting Research.
  • Bol, J., Estep, C., Moers, F., & Peecher, M. (2018). The Role of Tacit Knowledge in Auditor Expertise and Human Capital Development. Journal of Accounting Research, 56 (4), 1205-1252.  link >
  • Hillison, S., & Peecher, M. (2017). Discussion of "The Consequences of Audit-Related Earnings Revisions". Contemporary Accounting Research, 34 (4), 1915-1921.  link >
  • Hobson, J., Mayew, W., Peecher, M., & Venkatachalam, M. (2017). Improving Experienced Auditors' Detection of Deception in CEO Narratives. Journal of Accounting Research, 1-30.  link >

Other Publications

Articles

  • Hetrick, K., & Peecher, M. (2015). Key takeaways and overarching themes: A foreward 2014 AOS Conference on Accounting Estimates special issue. Accounting, Organizations and Society, 46 1-4.
  • Elliott, W., Jackson, K., Peecher, M., & White, B. (2014). The Unintended Effect of Corporate Social Responsibility Performance on Investors' Estimates of Fundamental Value. The Accounting Review, 89 (1), 275-302.
  • Kadous, K., Leiby, J., & Peecher, M. (2013). How Do Auditors Weight Informal Contrary Advice? The Joint Influence of Advisor Social Bond and Advice Justifiability. The Accounting Review, 88 (6), 2061-2087.
  • Peecher, M., Solomon, I., & Trotman, K. (2013). An Accountability Framework for Financial Statement Auditors and Related Research Questions. Accounting, Organizations and Society, 89 596-620.
  • Budescu, D., Peecher, M., & Solomon, I. (2012). The Joint Influence of the Extent and Nature of Audit Evidence, Materiality Thresholds, and Misstatement Type on Achieved Audit Risk. Auditing: A Journal of Practice and Theory, 31 (1), 19-41.  link >
  • Peecher, M. (2011). Worlds of Assurance. Accounting, Organizations and Society, 36 (4-5).  link >
  • Peecher, M., Piercey, M., Rich, J., & Tubbs, R. (2010). The Effects of a Supervisor's Active Intervention in Subordinates' Judgments, Directional Goals, and Perceived Technical Knowledge Advantage on Audit Team Judgments. The Accounting Review, 85 1763-1786.
  • Elliott, W., Krische, S., & Peecher, M. (2010). Expected Mispricing: The Joint Influence of Accounting Transparency and Investor Base. Journal of Accounting Research, 48 (2), 343-381.
  • Piercey, M., & Peecher, M. (2008). Judging Audit Quality in Light of Adverse Outcomes: Evidence of Outcome Bias and Reverse Outcome Bias. Contemporary Accounting Research, 25 243-274.
  • Ganguly, A., Herbold, J., & Peecher, M. (2007). Assurer Reputation for Competence in a Multi-Service Context. Contemporary Accounting Research, 24 133-170.
  • Peecher, M., Schwartz, R., & Solomon, I. (2007). It's All About Audit Quality: Perspectives on Strategic Systems Auditing. Accounting, Organizations and Society, 32 463-485.
  • Kadous, K., Kennedy, S., & Peecher, M. (2003). The Effect of Quality Assessment and Directional Goal Commitment on Auditors' Acceptance of Client-Preferred Accounting Methods. The Accounting Review, 78 759-778.
  • Peecher, M. (2003). Discussion of 'Pricing and Supplier Concentration in the Private Client Segment of the Audit Market: Market Power or Competition'. The International Journal of Accounting, 38 457-460.
  • Peecher, M. (2002). A Discussion of 'Audit Review: Managers' Interpersonal Expectations and Conduct of the Review. Contemporary Accounting Research, 19 445-448.
  • Peecher, M. (2002). Discussion of Evaluating Financial Reporting Quality: The Effects of Financial Expertise vs. Financial Literacy. The Accounting Review, 77 169-173.
  • Peecher, M., & Solomon, I. (2001). Theory and Experimentation in Studies of Audit Judgment & Decisions: Avoiding Common Research Traps. International Journal of Auditing, 5 193-203.
  • Matsumoto, D., Peecher, M., & Rich, J. (2000). Evaluations of Outcome Sequences. Organizational Behavior and Human Decision Processes, 83 331-352.
  • Peecher, M. (2000). Incorporating Changes in the Audit Process in the Classroom. Auditor's Report, 23 21-22.
  • Brown, C., Peecher, M., & Solomon, I. (1999). Auditors' Hypothesis Testing in Diagnostic Inference Tasks. Journal of Accounting Research, 37 (1), 1-26.
  • Burgstahler, D., Dukes, R., & Peecher, M. (1998). Instructional Case: Balmer Consulting Group. Issues in Accounting Education, 13 905-930.
  • Kennedy, J., & Peecher, M. (1997). Judging Auditors' Technical Knowledge. Journal of Accounting Research, 35 279-93.
  • Kennedy, J., Kleinmuntz, D., & Peecher, M. (1997). Determinants of the Justifiability of Performance in Ill-Structured Audit Tasks. Journal of Accounting Research, 35 105-123.
  • Kleinmuntz, D., Fennema, M., & Peecher, M. (1996). Conditioned Assessment of Subjective Probabilities: Identifying the Benefits of Decomposition. Organizational Behavior and Human Decision Processes, 66 (1), 1-15.
  • Peecher, M. (1996). The Influence of Auditors' Justification Processes on their Decisions: A Cognitive Model and Experimental Evidence. Journal of Accounting Research, 34 125-140.

Book Chapters

  • Bell, T., Peecher, M., & Solomon, I., T. B. Bell and Ira Solomon (Ed.) (2002). A Guide to Selecting SSA cases. Cases in Strategic-Systems Auditing ( pp. 35-58). Montvale, New Jersey: KPMG.
  • Bell, T., Peecher, M., & Solomon, I., T.B. Bell and Ira Solomon (Ed.) (2002). The Strategic Systems Approach to Auditing. Cases in Strategic Systems Auditing: KPMG and University of Illinois at Urbana-Champaign Business Measurement Case Development and Research Program ( pp. 1-34). Montvale, New Jersey: KPMG.
  • Peecher, M., & Smith, D. (1998). 'UDUB Limited' A case on analytical procedures. Auditing: Text and Cases by W. Robert Knechel ( pp. C114-117). Cincinnati, Ohio: South-Western College Publishing.

Books and Monographs

  • Armfield, C., Chain, M., Hueber, P., & Peecher, M. (2009). Auditor Independence Education Materials. Center for Professional Responsibility in Business and Society.
  • Bell, T., Peecher, M., & Solomon, I. (2005). The 21st Century Public Company Audit. Montvale, New Jersey: KPMG.
  • Bell, T., Peecher, M., & Solomon, I. (2005). The 21st Century Public-Company Audit: Conceptual Elements of KPMG's Global Audit Methodology. Montvale, New Jersey: KPMG.
  • Peecher, M. (2002). 15th Symposium on Auditing Research. Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Solomon, I., & Peecher, M. (2001). Assurance Services: An Introduction. Cincinnati, Ohio: South-Western College Publishing.
  • Solomon, I., & Peecher, M. (2001). Assurance Services: An Introduction. Cincinnati, Ohio: South-Western College Publishing.
  • Solomon, I., & Peecher, M. (2001). Assurance Services: An Introduction and Applications, Second Edition. Cincinnati, Ohio: South-Western College Publishing.
  • Solomon, I., & Peecher, M. (2001). Instructor's Version, Assurance Services: An Introduction and Applications, Second Edition. Cincinnati, Ohio: South-Western College Publishing.
  • Peecher, M. (2000). 14th Symposium on Auditing Research. Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Peecher, M. (1999). Assurance Services: An Introduction and Applications. Cincinnati, Ohio: South-Western College Publishing.
  • Peecher, M. (1999). Instructor's Version, Assurance Services: An Introduction and Applications. Cincinnati, Ohio: South-Western College Publishing.
  • Solomon, I., & Peecher, M. (1999). 13th Symposium on Auditing Research. ( pp. 1-45). Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Solomon, I., & Peecher, M. (1998). Assurance Services: An Introduction and Applications. Cincinnati, Ohio: South-Western College Publishing.

Conference Proceedings

  • Peecher, M. Forthcoming. 19th Symposium on Auditing Research. Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Peecher, M. Forthcoming. 20th Symposium on Auditing Research. Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Peecher, M. (2014). 21st Symposium on Auditing Research. Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Peecher, M. (2008). 18th Symposium on Auditing Research. Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Peecher, M. (2006). 17th Symposium on Auditing Research. Office of Accounting Research, Department of Accountancy, University of Illinois at Urbana-Champaign.
  • Peecher, M. (2003). Discussion of "Pricing and Supplier Concentration in the Private Client Segment of the Audit Market: Market Power or Competition". ( vol. 38, pp. 457-460). The International Journal of Accounting.
  • Peecher, M. (2002). Discussion of "Audit Review: Managers' Interpersonal Expectations and Conduct of the Review". ( pp. 445-448). Contemporary Accounting Research.
  • Peecher, M. (2002). Discussion of "Evaluating Financial Reporting Quality: The Effects of Financial Expertise vs. Financial Literacy". ( vol. 77, pp. 169-173). The Accounting Review.
  • Peecher, M. (1994). The Contingent Nature of Justification Demand's Influence on Auditors' Decision Processes. 11th Symposium on Auditing Research.
  • Peecher, M., & Kleinmuntz, D. (1991). Discussion of "Experimental Evidence on the Effects of Accountability on Auditor Judgments". ( vol. 10, pp. 108-113). Auditing: A Journal of Practice & Theory.

Other Publications

  • Peecher, M. (2004). Solomon, I. and M. E. Peecher, "Does Your Auditor Understand Your Business?".
  • Peecher, M. (2004). Solomon, I. and M. E. Peecher. 2004. "SOX 404-A Billion Here, A Billion There. . .".
  • Peecher, M. (2003). Discussion of "Pricing and Supplier Concentration in the Private Client Segment of the Audit Market: Market Power or Competition".
  • Peecher, M. (2002). Discussion of "Audit Review: Managers' Interpersonal Expectations and Conduct of the Review".
  • Peecher, M. (2002). Discussion of "Evaluating Financial Reporting Quality: The Effects of Financial Expertise vs. Financial Literacy".
  • Peecher, M. (2001). Solomon, I. and M. E. Peecher. Instructor's Version, Assurance Services: An Introduction and Applications, 2E. South-Western College Publishing. 2001. ISBN 0-324-05792-X.
  • Peecher, M. (2001). Solomon, I., and M. E. Peecher. Assurance Services: An Introduction and Applications, 2E. South-Western College Publishing. 2001. ISBN 0-324-05791-1.
  • Peecher, M. (1999). Solomon, I. and M. E. Peecher. Instructor's Version, Assurance Services: An Introduction and Applications. South-Western College Publishing. 1999. ISBN 0-324-00225-4.
  • Peecher, M. (1999). Solomon, I., and M. E. Peecher, Assurance Services: An Introduction and Applications. South-Western College Publishing. 1999. ISBN 0-538-88595-5.

Presentations

  • Peecher, M. (2014). The Investor Perspective and its Influence on Auditor Materiality Judgments. University of Florida.
  • Peecher, M. (2013). The Investor Perspective and its Influence on Auditor Materiality Judgments. Cornell University.
  • Peecher, M. (2013). The Investor Perspective and its Influence on Auditor Materiality Judgments. University of Pittsburgh.
  • Peecher, M. (2013). The Investor Perspective and its Influence on Auditor Materiality Judgments. University of Nevada, Las Vegas.
  • Peecher, M. (2013). The Investor Perspective and its Influence on Auditor Materiality Judgments. International Symposium on Audit Research.
  • Peecher, M. (2013). The Investor Perspective and its Influence on Auditor Materiality Judgments. University of Georgia.
  • Peecher, M. (2012). Auditor Tacit Knowledge and Audit Firm Human Capital Development. University of Massachusetts-Amherst.
  • Peecher, M. (2012). Does Corporate Social Responsibility Performance Distort Investors' Estimates of Fundamental Value? University of Southern California.
  • Peecher, M. (2011). Does Corporate Social Responsibility Performance Distort Investors' Estimates of Fundamental Value? University of Notre Dame.
  • Peecher, M. (2011). Does Corporate Social Responsibility Performance Distort Investors' Estimates of Fundamental Value? University of British Columbia, Oregon and Washington (UBCOW) Conference.
  • Peecher, M. (2011). Does Corporate Social Responsibility Performance Distort Investors' Estimates of Fundamental Value? University of Kentucky.
  • Peecher, M. (2010). The Joint Influence of Advisor Affiliation and Advice Quality on Auditors' Judgments Following Informal Consultation. University of South Carolina.
  • Peecher, M. (2009). Contemporary Audit Research on Critical Professional Judgment Issues. Center for Audit Quality Symposium.
  • Peecher, M. (2009). Professional Audit Judgment: Views from the Undergraduate and Doctoral Classroom. Deloitte/Federated Schools of Accountancy Consortium.
  • Peecher, M. (2009). Analysts Expectations of Mispricing: The Joint Effects of Accounting Disclosure and Investor Base. Journal of Accounting Research Conference.
  • Peecher, M. (2009). Independence & Objectivity. American Accounting Association Auditing Section's Enhancing Audit Education Workshop.
  • Peecher, M. (2008). Audit Scholarship & Academic Papers. Accounting Doctoral Scholar Ph.D. Conference.
  • Peecher, M. (2008). Author's Perspective. American Accounting Association New Faculty Consortium.
  • Peecher, M. (2007). Behavioral Research and Behavioral Research in Auditing. ABO Doctoral Consortium.
  • Peecher, M. (2007). Judging Auditor Negligence: Debiasing Interventions, Outcome Bias, and Reverse Outcome Bias. University of Texas.
  • Peecher, M. (2006). Judging Auditor Negligence: Debiasing Interventions, Outcome Bias, and Reverse Outcome Bias. University of Wisconsin-Madison.
  • Peecher, M. (2005). Behavioral Research in Assurance. 6th Annual Auditing Section Ph.D. Consortium.
  • Peecher, M. (2004). Moving Beyond "A Discrete Bias Vantage Point" in Measuring and Assessing the Implications of Hindsight Bias in the Context of Judging Auditor Culpability. University of Connecticut.
  • Peecher, M. (2004). Moving Beyond "A Discrete Bias Vantage Point" in Measuring and Assessing the Implications of Hindsight Bias in the Context of Judging Auditor Culpability. Emory University.
  • Peecher, M. (2004). Moving Beyond "A Discrete Bias Vantage Point" in Measuring and Assessing the Implications of Hindsight Bias in the Context of Judging Auditor Culpability. University of Alberta.
  • Peecher, M. (2004). Moving Beyond "A Discrete Bias Vantage Point' in Measuring and Assessing the Implications of Hindsight Bias in the Context of Judging Auditor Culpability. 9th Behavioral Decision Research in Management Conference-Duke University.
  • Peecher, M. (2003). Determinants of Judged Bias, Noise and Justifiability in Auditing Teams Judgments. Georgia State University.
  • Peecher, M. (2003). Behavioral Research in Assurance. 4th Annual Audit Ph.D. Consortium, AAA Auditing Section.
  • Peecher, M., Rich, J., & Tubbs, R. (2002). Determinants of Judged Bias, Noise, and Justifiability in Auditing Teams Judgments. International Symposium on Auditing Research.
  • Peecher, M. (2002). Behavioral Research in Accounting. Big Ten Doctoral Consortium, University of Wisconsin-Madison.
  • Peecher, M., Rich, J., & Tubbs, R. (2002). Determinants of Judged Bias, Noise and Justifiability in Auditing Teams Judgments. Ohio State University.
  • Peecher, M., Rich, J., & Tubbs, R. (2002). Determinants of Judged Bias, Noise and Justifiability in Auditing Teams Judgments. Florida State University.
  • Ganguly, A., Herbold, J., & Peecher, M. (2002). An Experimental Examination of Assurer Reputation within a Multi-Assurance Service Context. University of Wisconsin.
  • Peecher, M. (2002). Determinants of Judged Bias, Noise and Justifiability in Auditing Teams Judgments. Brigham Young University.
  • Peecher, M. (2001). An Experimental Examination of Assurer Reputation within a Multi-Assurance Service Context (now titled, "Assurer Reputation for Competence in a Multi-Service Context"). Washington University.
  • Peecher, M. (2001). Behavioral Research in Assurance. The Canadian Academic Accounting Association Doctoral Consortium.
  • Peecher, M., Kadous, K., & Kennedy, J. (2001). Are Auditors Objective when Assessing the Relative Quality of Client Accounting Methods? CAAA's Doctoral/Jr. Faculty Consortium.
  • Peecher, M. (2001). Behavioral Research Opportunities in Auditing. KMPG's 'The Ph.D. Project' Accounting Doctoral Students Association Annual Conference.
  • Peecher, M. (2001). Are Auditors Objective when Assessing the Relative Quality of Client Accounting Methods? American Accounting Association Midwest Region Meeting.
  • Peecher, M., Kadous, K., & Kennedy, J. (2001). Are Auditors Objective when Assessing the Relative Quality of Client Accounting Methods? Cornell University.
  • Peecher, M. (2000). Behavioral Research Opportunities in Auditing. First Annual Ph.D. Consortium, AAA Auditing Section.
  • Peecher, M., Kadous, K., & Kennedy, J. (1999). Are Auditors Objective when Assessing the Relative Quality of Client Accounting Methods? University of Missouri.
  • Peecher, M., Matsumoto, D., & Rich, J. (1999). Evaluations of Outcome Sequences. University of Utah Accounting Workshop.
  • Peecher, M., Jiambalvo, J., & Myers, J. (1998). Analysts' Forecast Errors and Future Returns Related to Forecasted Changes in Earnings. Indiana University Accounting Workshop.
  • Peecher, M., Jiambalvo, J., & Myers, J. (1998). Analysts' Forecast Errors and Future Returns Related to Forecasted Changes in Earnings. New England Behavioral Accounting Research Series (NEBARS), Boston College.
  • Peecher, M., Jiambalvo, J., & Myers, J. (1998). Analysts' Forecast Errors and Future Returns Related to Forecasted Changes in Earnings. Behavioral Decision Research in Management Conference.
  • Peecher, M., Jiambalvo, J., & Myers, J. (1998). Analysts' Forecast Errors and Future Returns Related to Forecasted Changes in Earnings. University of Illinois at Urbana-Champaign Accountancy Forum.
  • Peecher, M. (1998). Invited talk. Enhancing the Learning Process Seminar, Deloitte & Touche.
  • Peecher, M. (1997). Confirmation Proneness in Auditors' Hypothesis Formation and Testing Processes. University of Arizona Accounting Workshop.
  • Peecher, M., Kennedy, J., & Kleinmuntz, D. (1997). Determinants of the Justifiability of Performance in Ill-Structured Audit Tasks. Universities of British Columbia, Oregon, and Washington Conference.
  • Peecher, M., Kennedy, J., & Kleinmuntz, D. (1996). Determinants of the Justifiability of Performance in Ill-Structured Audit Tasks. INFORMS Decision Analysis Society Fall 1996 Meeting.
  • Peecher, M. (1996). Confirmation Proneness in Auditors' Hypothesis Formation and Testing Processes. Universities of British Columbia, Oregon, and Washington Conference.
  • Peecher, M. (1995). Judging Auditors' Technical Knowledge. 2005 American Accounting Association Annual Meeting.
  • Peecher, M. (1995). Judging Auditors' Technical Knowledge. Price Waterhouse Accounting Workshop, University of Iowa.
  • Peecher, M. (1995). Judging Auditors' Technical Knowledge. Universities of British Columbia, Oregon, and Washington Conference.
  • Peecher, M. (1994). The Contingent Nature of Justification Demands' Influence on Auditors' Decision Processes. 4th Symposium on Auditing Research, Office of Accounting Research, Department of Accountancy, Univer.
  • Peecher, M. (1994). Experimental Evidence on the Contingent Nature of Justification Demands. Behavioral Decision Research in Management Conference.
  • Peecher, M. (1993). Experimental Evidence on the Contingent Nature of Justification Demands. University of Washington Accounting Workshop.
  • Peecher, M. (1993). Experimental Evidence on the Contingent Nature of Justification Demands. University of Minnesota.
  • Peecher, M. (1990). Auditors' Judgments of the Acceptability of Client-Preferred Accounting Methods. University of Illinois at Urbana-Champaign Behavioral Accounting Brownbag Workshop.

Working Papers

  • Brown, T., Majors, T., & Peecher, M. What Can Cause Audit Evaluators to Reach Unfavorable, Inconsistent Evaluations of Identical Audit Plans? Prior Experience, Approach, and Wise Thinking.

Honors and Awards

  • Best Research Paper, AAA's Forensic Accounting, 2019
  • List of Teachers Ranked as Excellent by their Students, University of Illinois at Urbana-Champaign, 1988, 1989, 1990, 1991, 1992, 1993, 2002, 2003, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2017

Current Courses

  • Auditing B (ACCY 504) Introduction to conceptual and applied material in the field of auditing. Emphasizes the audit process, reporting, and professional responsibilities.

  • Auditing A (ACCY 504) Introduction to conceptual and applied material in the field of auditing. Emphasizes the audit process, reporting, and professional responsibilities.

Contact

274 Wohlers Hall

1206 S. Sixth

Champaign, IL 61820

217-333-4542

peecher@illinois.edu

Google Scholar

SSRN

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