Miklos A. Vasarhelyi

Publications with PhD Students and Alumni:

Artificial Intelligence in Accounting and Auditing: International Prospectives, Vol. VI, (with E. Bonson and R. Hoitash), Markus Wiener Publishers, 2005, part of the Rutgers Accounting Series.

"An Empirial Study of Net Assets Disclosure, Inflation Accounting Revisited", (with David,Yang, C.Liu, and K Shima,) International Journal of Business, 10(4), 2005

"XBRL: A New Tool For Electronic Financial Reporting", (with Jia Wu), Business Intelligence Techniques: A Perspective from Accounting and Finance, 2004, pp. 73-92.

"Industrial Managemnt and Data Systems: A Note on the Using of Accounting Databases", (with David Yang and Caixing Liu), Industrial Managemnt & Data Systems, Vol. 103, No. 3, 2003, pp. 204-210.

"The Optimal Frequency of Demand-monitoring and Real Time Pricing in On-line Transactions," (with Hui Du and Qiong Wang), The New Review of Applied Expert Systems, Volume 7, 2001, pp.117-128.

"The Ex-ante and Ex-post Relationships Between Bond Ratings and SFAS 33 Measures", (with David Yang), International Journal of Management Theory and Practices, Vol.1, No.1, Aug. 2000.

"Intelligent Software Agents in Acounting:an Evolving Scenario," (with Rani Hoitash) in The Evolving Paradigms of Artificial Intelligence and Expert Systems: An International View, Volume 6, (M.A. Vasarhelyi and A. Kogan Eds.) Markus Wiener Publishing, Inc.,2000.

"Qualitative Corporate Dashboards for Corporate Monitoring", (with Peng Jia), IS Audit and Control Journal, Fall 1999, Volume 5, pp.45-48.

"Adaptation and Use of Reliability Concepts in Internal Control Evaluation," (with B. N. Srinidhi), Advances in Accounting, supplement 1, 1989.

"Financial Accounting Database: Methodological Implications of Using the Compustat and Value Line Database," (with David Yang), May, 1988

"Trends in the Evolution of Scholarly Accounting Thought: A Quantitative Examination," (with D. H. Bao and J. Berk), The Accounting Historians Journal, 1988.

"Technological Change and Management Information Systems" (with Yang, D. C.), Proceedings of the International Conference on Systems Sciences, Hawaii, 1988.

"Selecting Financial Accounting Databases for Management Information Systems," (with Yang, D. C.), Proceedings of the International Conference on Systems Sciences, Hawaii, 1987.

"Empirical Characteristics of Debenture Conversions: The Issue of Equivalency", (with J. B. Knauf), Journal of Accounting, Auditing and Finance, Vol. 2 (new series), # 1, Winter 1987.

"Selecting Financial Accounting Databases for Management Information Systems," (with Yang, D. C.), Proceedings of the International Conference on Systems Sciences, Hawaii, 1987.

"Financial Accounting Databases: Issues for MIS Design," (with Yang, D. C.), Proceedings of the International Conference on Systems Sciences, Hawaii, 1986.

"Auditor Judgment Concerning Establishment of Substantive Tests Based On Internal Control Reliability," (with B. N. Srinidhi), Auditing: A Journal of Practice and Theory, Spring 1986.

"A Stochastic Model of Professional Accountant Turnover," (with B. B. Bao & D. H. Bao), Accounting, Organizations and Society, Volume 10, # 4, 1985.

"FASB Statement 33 Data Bank: User's Manual," (with T. Verghese, A. Phillips, and B. Welch), FASB, Stamford, Conn., 1981 (Version IV, 1985).

"Documentation of FASB Statement 33 Data Bank Project," (with T. Verghese, A. Phillips, and B. Welch), FASB, Stamford, Conn., 1981 (Version II, 1983).

"FASB Statement 36 Data Bank: User's Manual," (with David C. H. Yang), March 1982 (Version II, 1983).

"Editores de texto: Uma Experiencia em APL" (with D. Schwabe), Proceedings of the Brazilian NationalData Processing Meeting, September, 1974. Internet Column for the ISACA journal (with A. Kogan and E. Sudit), 1) the Rutgers Accounting Web, and 2) privacy and security over the Internet.

"TREAT System Manual," (with W. Thomas Lin, Robert Benkaim, and Luis Carlos Duclos).

"TREAT Instructor's Manual," (with W. Thomas Lin and Ian Daley).

A.Kogan. M.Alles. M.Vasarhelyi. J.Wu. Continuity Equations in Continuous Assurance. Presented at AAA annual meeting. Orlando, 2004.

Dissertations Supervised:

Name: Badua, Francisco
Graduation Date: 2005/October
Thesis Title: Pondering Paradigms: Tracing the Development of Accounting Thought with Taxonomic and Citation Analysis

Name: Chakraborty, Vasundhara
Graduation Date: 2011/October
Thesis Title: Three Essays on Using Text Analytic Techniques for Accounting Research

Name: Cong, Yu
Graduation Date: 2004/October
Thesis Title: The Relationship Between The Income Statement Presentation Format and the Company Characteristics: an Exploratory Study on the Comparability of the Financial Statement Presentation Format

Name: Du, Hui
Graduation Date: 2002/May
Thesis Title: Real Time Demand - Monitoring and Pricing for Online Transactions

Name: Giles, Jill
Graduation Date: 1998/October
Thesis Title: Evidence on the Relation Between Audit Committee Characteristics and the Quality of Financial Reporting

Name: Hoitash, Ran
Graduation Date: 2003/October
Thesis Title: Information Transfer in Analytical Procedures: A Simulated Industry Knowledge-Management Approach

Name: Jiang, Wei
Graduation Date: 2005/May
Thesis Title: Intelligent Day Trading Agent - A Natural Language Processing Approach to Financial Information Analysis

Name: Kim, Yong Bum
Graduation Date: 2011/October
Thesis Title: Continuous Monitoring: Macro- and Micro-level Control

Name: Jones, Richard
Graduation Date: 2001/January
Thesis Title: An Inquiry into the Effects of Audit Staff Regulating Mechanisms on Auditor Task Related Processing in a Risk Assessment Decision

Name: Khalifa, Zakaa
Graduation Date: 1992/May
Thesis Title: The Impact of the Financial Condition of the Firm on Auditors' Materiality/Disclosure Judgments: An Experimental Study

Name: Natovich, Joseph
Graduation Date: 1996/May
Thesis Title: Reasoning About Internal Controls and Fraud: The A1 Planning Approach to Modeling the Business Process

Name: Palas, Rimona
Graduation Date: 1998/May
Thesis Title: The Expectation Gap as Witnessed in the Courtroom

Name: Qureshi, Anique
Graduation Date: 1993/October
Thesis Title: An Investigation of Auditor Judgement in the Evaluation of Contingent Legal Liabilities

Name: Romero, Silvia
Graduation Date: 2008/October
Thesis Title: Testing Human Factor Tailored Information Reports for Individuals with Different Cognitive Characteristics

Name: Russo, Joseph
Graduation Date: 1994/January
Thesis Title: An Investigation of Auditor Problem Solving Behavior in an Unfamiliar Task Situation

Name: Thiprungsri, Sutapat
Graduation Date: 2012/January
Thesis Title: Cluster Analysis for Anomaly Detection in Accounting Data

Name: Wu, Jia
Graduation Date: 2006/October
Thesis Title: Test of Details and Analytical Procedures in Continuous Auditing

Dissertation Proposals of PhD Students:

Name: Liz Arnold
Proposal Defended: 2004/April
Proposal Title: Did Jenkins Ask the Right Questions?
Dissertation Proposal Abstract: This proposal will examine the relationship of recommendations of the AICPA Special Committee on Financial Reporting (the Jenkins’ Committee) to corporate malfeasance by comparing specific recommendations identified as impacting announced malfeasance companies to similar companies who have not had announced malfeasance in the last 5 years. Our proposed study will compare these recommendations with non-malfeasance peer companies to see if the Jenkins’ Committee asked the right questions. This proposal also reports the results of our initial study of 100 companies who have announced a restatement of previously announced or published accounting information and the proposed additional research on corporate malfeasance and the recommendations of the Jenkins’ Committee. Our analysis indicated specific Jenkins’ Committee recommendations that could be directly associated with corporate malfeasance activity of the 100 companies studied included off-balance sheet financing and innovative financial instruments malfeasance, executive management and director information malfeasance, and a one-time gain included as continuing operating income. We also discuss related studies that support, complement or differ with these conclusions and our definition of corporate malfeasance.

We will use logit and probit analysis. We will further examine the implementation of details of the Jenkins’ recommendations and their relevance to the technological business reporting possibilities. The primary contributions of this paper are 1) to provide an empirical analysis of the effectiveness of the Jenkins’ recommendations in reducing corporate malfeasance related to accounting irregularities; 2) to provide an evaluation of the type of data included with malfeasance companies and non-malfeasance peer companies for business reporting; and to examine the potential of the Jenkins recommendations for future input to enhance business reporting.

Early Summer Research Projects of PhD Students:

Name: Udi Hoitash
Project Title: Detecting Patterns in Board of Directors across Companies Using Network Analysis

Date: Summer 2005

Abstract: This paper describes the use of network analysis for detecting patterns among board of director members of different companies. The use of network analysis provides a platform for empirical testing of theories that could not be tested using conventional methodologies, or could be tested but needed manually coding of the data. We offer six different models that use network modeling and analysis to test different theories. We also provide some preliminary results of running those models. More specifically using network analysis we challenge the traditional definition of an independent outside board member by offering supplemental indicators to the level of the independence of the board. Those indicators measure the level of "familiarity" between senior executives and a board member and level of familiarity and connection between "independent" board members. We can also test four more theories. The theory of social cohesion specifies that board members are a close elite group which nominates one another. The theory of collusion stipulates that interlocks using board members between competitors provide a means of restricting competition. According to resource dependency theory, interlocks using board members is due to dependence on other companies for resources and cooperation. Bank control theory applies the same logic used by resource dependency theory, except that capital is a key resource that all firms must have.