Wisconsin School of Business

Brian Mayhew

Associate Dean of the Undergraduate Program, Executive Director of the Arthur Andersen Center for Financial Reporting and Control

Professor - Accounting & Information Systems, Office of the Dean
Arthur Andersen Alumni Professor

Brian W. Mayhew is the Arthur Andersen Alumni Professor in the Department of Accounting and Information Systems at the Wisconsin School of Business. He currently also serves as the Associate Dean of the Undergraduate Program

Mayhew's research focuses primarily on financial statement audits and financial reporting. His research uses both experimental economics and archival data to develop and test theories related to auditing and financial reporting. He is particularly interested in institutional design factors that impact audit quality. Research topics include: audit quality, auditor independence, related party transactions, auditor industry specialization, audit market concentration, and ethics. He teaches Advanced Auditing to Master's of Accounting Students and research to Ph.D. students.

Mayhew has published in journals such as The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Journal of Accounting, Auditing and Finance, and Auditing. He is currently an associate editor for Accounting Horizons and the Journal of Accounting Literature and serves on the editorial boards for Auditing: A Journal of Practice and Theory, and The Accounting Review.

Mayhew leads the BRITE Lab – a joint venture between WSB and the School of Human Ecology. The lab focuses on experimental research that explores how incentives, psychology and sociology interact to affect individual decision making. The lab also fosters cross campus interactions with a wide range of social science departments. He also leads the Arthur Andersen Center which supports research and student development in the accounting department.

He joined the Wisconsin School of Business in 1999 after working as an assistant professor at Georgia State University. He previously worked as an auditor with Coopers & Lybrand, which became PriceWaterhouseCoopers.

He received his Ph.D. from the University of Arizona in accounting, with a minor in experimental economics. He received his BBA in accounting from the University of Wisconsin-Madison.
 

Selected Published Journal Articles


Kowaleski, Z. & Mayhew, B. & Tegeler, A. (2018). The Impact of Consulting Services on Audit Quality: An Experimental Approach. Journal of Accounting Research (56), 673-711.
Kohlbeck, M. & Mayhew, B. (2017). Are Related Party Transactions Red Flags?. Contemporary Accounting Research (34), 900-928.
Mayhew, B. (2017). Introduction and Commentary on Ratification Research Forum. Accounting Horizons (31), 125-128.
Keune, M. & Mayhew, B. & Schmidt, J. (2016). Non-Big 4 Local Market Leadership and its Effect on Competition. The Accounting Review (91), 907-931.
Mayhew, B. & Murphy, P. (2014). The Impact of Authority on Reporting Behavior, Affect and Rationalization. Contemporary Accounting Research (31), 420-443. doi: 10.1111/1911-3846.12037.
Mayhew, B. & Vitalis, A. (2014). Myopic Loss Aversion and Market Experience. Journal of Economic Behavior and Organization (97), 113-125.
Dunn, K. & Kohlbeck, M. & Mayhew, B. (2011). The Impact of Big4 Consolidation on Audit Market Share Equality. Auditing: A Journal of Practice & Theory (30), 49-74. doi: 10.2308/aud.2011.30.1.49.
Kohlbeck, M. & Mayhew, B. (2010). Valuation of Firms that Disclose Related Party Transactions. Journal of Accounting and Public Policy (29), 115-137. doi: 10.1016/j.jaccpubpol.2009.10.006.
Magilke, M. & Mayhew, B. & Pike, J. (2009). Are Independent Audit Committee Members Objective?. The Accounting Review (84), 1959-1981. doi: 10.2308/accr.2009.84.6.1959.
Mayhew, B. & Murphy, P. (2009). The Impact of Ethics Education on Reporting Behavior. Journal of Business Ethics (86), 397-416. doi: 10.1007/s10551-008-9854-5.
Kohlbeck, M. & Mayhew, B. & Murphy, P. & Wilkins, M. (2008). Competition for Andersen's Clients. Contemporary Accounting Research (25), 1099-1136. doi: 10.1506/car.25.4.6.
Mutzako, S. & Johnstone, K. & Mayhew, B. & Rittenberg, L. (2004). Does Audit Firm Liability Status Affect IPO Pricing? Evidence from the Shift to Limited Liability Partnerships. Auditing: A Journal of Practice & Theory (3), 53-67.
Skaife, H. & LaFond, R. & Mayhew, B. (2003). Do Nonaudit Fees Impact Auditor Independence? Further Evidence. The Accounting Review (78), 611-640. doi: 10.2308/accr.2003.78.3.611.
Mayhew, B. (2001). Auditor Reputation Building. Journal of Accounting Research (39), 599-618. doi: 10.1111/1475-679X.00030.
Trotman, K. & Grambling, A. & Johnstone, K. & Kaplan, S. & Mayhew, B. & Reimers, R. & Schwartz, H. & Wright, B. (2000). Twenty-five Years of Audit Research.
Erickson, M. & Mayhew, B. & Felix, W. (2000). Why Do Audits Fail?: Evidence from Lincoln Savings and Loan. Journal of Accounting Research (38), 165-194.

Selected Submitted Journal Articles


Hurley, P. & Mayhew, B. & Obermire, K. (2016). Realigning Auditors' Incentives: Experimental Evidence of a Third-Party Payer System. The Accounting Review

Working Papers


Dunn, K. & Kohlbeck, M. & Mayhew, B. (2016). The Impact of Market Structure on Audit Price.
Hurley, P. & Mayhew, B. (2016). Exploring Market Reactions to a High-Quality Auditor and Managerial Preference for Audit Quality.
Mayhew, B. (2015). Self-Regulation: Experimental Evidence on Reputation and Peer Review.

Presentations


University of Tennesee ( 2014 ) Local Non-Big 4 Leadership and Its Effect on Competition

2014 Contemporary Accounting Research Conference ( 2014 ) Are Related Party Transactions Red Flags?

AAA Annual Meeting (Atlanta, GA) ( 2014 ) Are Related Party Transactions Red Flags?

Georgia Institute of Technology ( 2014 ) Exploring Market Reactions to a High-Quality Auditor and Managerial Preference for Audit Quality

AAA Annual Meeting (Anaheim, CA) ( 2013 ) Non-Big 4 Local Market Leadership and Its Impact on Big 4 Market Power

2013 AAA Auditing Mid-Year Meeting ( 2013 ) An Experimental-Market Exploration of High-Quality Auditors and Managerial Preference for Audit Quality

University of Pittsburgh Workshop ( 2011 ) Consequences of More Frequent Reporting

Internal Audit Association Midwest Meeting ( 2011 ) Strategy versus Audit Risk

University of Kentucky Workshop ( 2011 ) Consequences of More Frequent Reporting

Indiana University ( 2010 ) Self-Regulation: Experimental Evidence on Reputation and Peer Review


Undergraduate Courses


Audit and Assurance Services
Course DescriptionEvolution of assurance services; role of assurance services as part of corporate governance; professional standards and ethical concepts; evidence concepts and evaluation of evidence, business and information technology risk analysis, the audit risk model, assurance reports, and development of audit and assurance programs.
(ACC 630 Section 3), Fall 2008.

Audit and Assurance Services
Course DescriptionEvolution of assurance services; role of assurance services as part of corporate governance; professional standards and ethical concepts; evidence concepts and evaluation of evidence, business and information technology risk analysis, the audit risk model, assurance reports, and development of audit and assurance programs.
(AIS 630 Section 1), Fall 2009.

Pro Prac Iss-Acct & Auditng
Course DescriptionStudy of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
(AIS 601 Section 1), Spring 2009.

Pro Prac Iss-Acct & Auditng
Course DescriptionStudy of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
(AIS 601 Section 1), Spring 2010. Download Syllabus

Pro Prac Iss-Acct & Auditing (AIS 601), Spring 2008.

Pro Prac Iss-Acct & Auditng
Course DescriptionStudy of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
(ACCT 601 Section 1), Spring 2008.



Graduate Courses


Reading and Research - Accounting PhD
Course DescriptionIndividual work suited to the needs of Ph.D. students may be arranged both during regular sessions and during the intersession periods.
(ACCT 999), Spring 2008.

Reading and Research - Accounting PhD
Course DescriptionIndividual work suited to the needs of Ph.D. students may be arranged both during regular sessions and during the intersession periods.
(ACCT 999), Fall 2008.

Reading and Research - Accounting PhD
Course DescriptionIndividual work suited to the needs of Ph.D. students may be arranged both during regular sessions and during the intersession periods.
(ACCT 999), Spring 2009.

Readng & Rsch-Accountng PhD (Independent Study) (ACCT 999), Spring 2015.

Readng & Rsch-Accountng PhD (Independent Study) (ACCT 999), Summer 2015.

Readng & Rsch-Accountng PhD (Independent Study) (ACCT 999), Fall 2015.

Readings & Research
Course DescriptionIndividual work suited to the needs of Ph.D. students may be arranged both during regular sessions and during the intersession periods.
(ACCT 999 Section 122), Fall 2009.

PhD Thesis-Accounting (Independent Study) (ACCT 990), Spring 2015.

Seminar in Accounting Research
Course DescriptionMethods of inquiry and research methodology in accounting. Analysis of current research, with the emphasis on empirical research in accounting.
(ACC 971), Spring 2003.

Research Seminar - Experimental Economics
Course DescriptionMethods of inquiry and research methodology in accounting. Analysis of current research, with the emphasis on empirical research in accounting.
(ACC 971), Spring 2006.

Seminar in Accounting Research
Course DescriptionMethods of inquiry and research methodology in accounting. Analysis of current research, with the emphasis on empirical research in accounting.
(AIS 971), Fall 2006.

Smr-Accounting Research
Course DescriptionThis course introduces PHD students to accounting research. Specific coverage deals with research validity issues, the scientific process, scientific revolutions, as well as, discussion of research workshop papers presented throughout the semester. Students prepare paper critiques as well as a research proposal.
(AIS 971 Section 1), Fall 2010.

Smr- Accounting Research (AIS 971), Spring 2008.

Smr-Accounting Research
Course DescriptionMethods of inquiry and research methodology in accounting. Analysis of current research, with the emphasis on empirical research in accounting.
(ACCT 971 Section 2), Spring 2008.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Fall 2001.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2003.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2003.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2004.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2004.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2005.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2005.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2006.

Business Information Consulting
Course DescriptionAddresses the knowledge base needed by accounting professionals in serving as consultants.
(ACC 740), Spring 2006.



Combined Undergraduate & Graduate Courses


Financial Reporting I
Course DescriptionExamines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users. Emphasizes asset and income determination, preparation and interpretation of financial statements, and related disclosure requirements.
(ACC/ACC 301/701), Fall 2001.

Financial Reporting I
Course DescriptionExamines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users. Emphasizes asset and income determination, preparation and interpretation of financial statements, and related disclosure requirements.
(ACC/ACC 301/701), Spring 2004.

Financial Reporting I
Course DescriptionExamines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users. Emphasizes asset and income determination, preparation and interpretation of financial statements, and related disclosure requirements.
(ACC/ACC 301/701), Spring 2005.



Professional Organizations


American Accounting Association

AAA New Faculty Consortium

AAA New Faculty Consortium


Editorial and Reviewing Activities


Accounting Horizons - Since June 2015
Associate Editor

Journal of Accounting Literature - Since September 2013
Associate Editor

The Accounting Review - Since July 2008
Editorial Board Member

Auditing: A Journal of Practice and Theory - Since January 2004
Editorial Board Member

Accounting Horizons - Since January 2004
Editorial Board Member


Photograph of Brian Mayhew

Brian Mayhew

Associate Dean of the Undergraduate Program, Executive Director of the Arthur Andersen Center for Financial Reporting and Control
 
Professor | Accounting & Information Systems, Office of the Dean
Arthur Andersen Alumni Professor
(608) 262-2714
4112 Grainger Hall