University of Southern California

Professor Returns to Marshall after Completing SEC Post
Zoe-Vonna Palmrose returns to USC Marshall after serving at the Securities and Exchange Commission
September 1, 2008 • by News at Marshall

Zoe-Vonna Palmrose of the Leventhal School of Accounting and USC Marshall School of Business returns to USC Marshall this fall after concluding two years of public service at the Securities and Exchange Commission as Deputy Chief Accountant for Professional Practice.

As Deputy Chief Accountant, Palmrose played a key role in nearly all aspects of the Commission's work related to overseeing the activities of the Public Company Accounting Oversight Board (PCAOB), managing the resolution of audit independence issues and ethical matters, monitoring audit and independence standard-setting internationally, and observing the Department of Treasury's Advisory Committee on the Auditing Profession.

"I am very proud of all that the Professional Practice Group has accomplished over the last two years, including the Group's efforts to improve the implementation of SOX Section 404," said Professor Palmrose. "I very much appreciate having had the opportunity to serve investors in our markets. My work at the SEC will certainly inform my research and teaching. I especially look forward to carrying it into my classes at USC."

Palmrose, who in June 2008 was named as one of the 100 most influential people in finance by Treasury & Risk Magazine, and has twice been named one of Business Finance Magazine's most influential people, has focused her academic career on issues related to the quality of financial reporting and auditing. She is one of only three academics to be honored twice with the prestigious Wildman Medal Award from the American Accounting Association.

“Professor Palmrose will bring a unique understanding of accounting back to USC,” said Dean Randolph Beatty of the Leventhal School of Accounting. “So few scholars have had this experience and our students and faculty will benefit from her hands-on insights gleaned from two years of dedicated service at the SEC.”

Palmrose’s research and leadership on the subject of preventing and detecting accounting fraud includes service on the American Institute of Certified Public Accountants' Auditing Standards Board Fraud Task Force; the AICPA Antifraud Program and Controls Task Force; and the Education in Fraud and Forensic Accounting Program sponsored by the U.S. Department of Justice.

Prior to her term at the SEC, she served as a member of the Public Oversight Board's Panel on Audit Effectiveness, established in response to an SEC call for a blue ribbon panel to examine the audit process to protect investors. In that capacity, she studied and reported on the conduct of audits of public companies with the goal of achieving more effective audits to improve financial statement reliability. Palmrose also served as a consultant to the landmark National Commission on Fraudulent Financial Reporting, popularly known as the Treadway Commission.

About the USC Marshall School of Business
Consistently ranked among the nation's premier schools, USC Marshall is internationally recognized for its emphasis on entrepreneurship and innovation, social responsibility and path-breaking research. Located in the heart of Los Angeles, one of the world's leading business centers and the U.S. gateway to the Pacific Rim, Marshall offers its 5,700-plus undergraduate and graduate students a unique world view and impressive global experiential opportunities. With an alumni community spanning 123 countries, USC Marshall students join a worldwide community of thought leaders who are redefining the way business works.