University of Southern California

Zoe-Vonna Palmrose
Accounting Circle Professor Emeritus of Accounting

USC Marshall School of Business
Los Angeles, CA 90089-0808

PhD, MBA, University of Washington; BS, Oregon State University


Zoe-Vonna Palmrose has published and spoken extensively on financial reporting and auditing, including restatements, materiality, audit litigation, and pricing of audit services. She received the American Accounting Association Competitive Manuscript Award, the California Society of CPAs Accounting Faculty Fellow Award, the Deloitte/AAA Wildman Award, the AAA Auditing Section’s 2003 Distinguished Service Award, and is a PricewaterhouseCoopers Fellow in Auditing. From 2006 to 2008, she served as Deputy Chief Accountant for Professional Practice in the Office of the Chief Accountant at the SEC. Treasury and Risk Magazine named her one of the 100 most influential people in finance in 2008.


Palmrose, Z. (2010) "Balancing the Costs and Benefits of Auditing and Financial Reporting Regulation Post-SOX: Perspectives from the Nexus at the SEC - Part II," Accounting Horizons.
Palmrose, Z. (2010) "Balancing the Costs and Benefits of Auditing and Financial Reporting Regulation Post-SOX: Perspectives from the Nexus at the SEC - Part I," Accounting Horizons.
Palmrose, Z. (2009) "Science, Politics, and Accounting: A View from the Potomac," The Accounting Review, 84 (2), 281-297.
Brown, M., Kauffman, S., Palmrose, Z., and Smolin, L. (2008) "Can Science Help Solve the Economic Crisis," The Edge Foundation, John Brockman, editor
Palmrose, Z. (2006) "Maintaining Value and Viability of Independent Auditors as Gatekeepers Under SOX" An Auditing Master Proposal," Brookings Institution.
Nelson, M., Palmrose, Z., and Smith, S. (2005) "The Effect of Quantitative materiality Approach on Auditors' Adjustment Decisions," The Accounting Review, 80 (3), 897-920.
Brown, M., and Palmrose, Z. (2005) "Thog's Guide to Quantum Economics: 50,000 Years of Accounting Basics for the Future," MAC Productions.
Kinney, Jr, W. R., Palmrose, Z., and Scholz, S. (2004) "Auditor Independence, Non-Audit Services, and Restatements: Was the Government Right?," Journal of Accounting Research, 42 (3), 561-588.
Palmrose, Z. (2004) "The Accounting Causes and Legal Consequences of Non-GAAP Reporting: Evidence from Restatements," Contemporary Accounting Research, 21 (1), 139-180.
Palmrose, Z., and Richardson, V. (2004) "Determinants of Market Reactions to Restatement Announcements," Journal of Accounting & Economics, 37 (1), 59-89.
Beasley, M., Menelaides, S., Montgomery, D., and Palmrose, Z. (2002) "Auditors' New Procedures for Detecting Fraud," The Journal of Accountancy, 24 (4), 18-23.
Palmrose, Z., and Saul, R. S. (2002) "The SEC Pushes Auditor Independence," Regulation: The Cato Review of Business and Government, 24 (4), 18-23.
O'Malley (Chair), S. F., Chookaszian, D. H., Kolton, P., Longstreth, B., Lowenstein, L., Palmrose, Z., Peters, A., and Saul, R. S. (2000) "The Panel on Audit Effectiveness: Report and Recommendations,".
Palmrose, Z. (1999) "Studies in Accounting Research #33: Empirical Research in Auditor Litigation: Considerations and Data," American Accounting Association 1-90.
Bonner, S. E., and Palmrose, Z. (1998) "Fraud Type and Auditor Litigation: An Analysis of SEC Accounting and Auditing Enforcement Releases," The Accounting Review 503-532.
Palmrose, Z. (1997) "Who Got Sued?," Journal of Accountancy 67-69.
Palmrose, Z. (1997) "Audit Litigation Research: Do the Merits Matter? An Assessment and Directions for Future Research," Journal of Accounting and Public Policy 355-378.
Cushing, B. E., Graham, Jr, L. E., Palmrose, Z., Roussey, R., and Solomon, I. (1995) "Risk Orientation," AICPA.
Palmrose, Z. (1994) "The Joint and Several Versus Proportionate Liability Debate: An Empirical Investigation of Audit-Related Litigation," Stanford Journal of Law, Business and Finance 53-72.
Palmrose, Z., and Carcello, J. (1994) "An Empirical Investigation of Modified Reporting and Auditor Litigation on Bankrupt Clients," Journal of Accounting Research, Supplement, 1-30.
Palmrose, Z., and Wright, D. (1993) "Research in the Auditor's Responsibilities Regarding Illegal Acts by Clients," AICPA 227-243.
Palmrose, Z. (1991) "An Analysis of Auditor Litigation Disclosures," Auditing: A Journal of Practice & Theory, Supplement, 54-71.
Palmrose, Z. (1991) "Trials of Legal Disputes Involving Independent Auditors: Some Empirical Evidence," Journal of Accounting Research 149-185.
Palmrose, Z. (1989) "The Relation of Contract Type to Audit Fees and Hours," The Accounting Review 488-499.
Palmrose, Z. (1988) "Public Accounting Firms and the Acquisition of Nonaudit Services be Public and Closely-Held Companies," Auditing: A Journal of Practice and Theory 63-71.
Palmrose, Z. (1988) "An Analysis of Auditor Litigation and Audit Service Quality," The Accounting Review 55-73.
Palmrose, Z. (1987) "Litigation and Independent Auditors: The Role of Business Failures and Management Fraud," Auditing: A Journal of Practice and Theory 90-103.
Palmrose, Z. (1986) "The Effect of Nonaudit Services on the Pricing of Audit Services: Further Evidence," Journal of Accounting Research 405-411.
Palmrose, Z. (1986) "Audit Fees and Auditor Size: Further Evidence," Journal of Accounting Research 97-110.
Palmrose, Z. (1984) "The Demand for Quality-Differentiated Audit Services in an Agency Cost Setting: An Empirical Investigation," 1984 Auditing Research Symposium 229-252.
Palmrose, Z. (1983) "The Pricing of Audit Services: Industry Differences and Other Insights," Proceedings of the 1983 DePaul University Research Symposium 47-84.
Palmrose, Z. (1980) "The World Football League--What Price Risk, Reward and Recognition?," Goodyear Publishing Company, Inc 322-336.