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When Audits Don't go as Planned

Lennox is fascinated by what happens when auditing does not go as it should. His research on the topic has impact

February 12, 2019
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Clive Lennox, USC Accounting Associates Professor of Accounting, joined the Leventhal School of Accounting in 2015 after stints in Singapore, Hong Kong, and the UK. He received his M.Phil. and Ph.D. in Economics from the University of Oxford. His research focuses on auditing, fraud, disclosure, and bankruptcy.

A highly cited and highly ranked accounting researcher, Lennox has an impactful and robust research history. His many articles have been published in top-tier journals such as Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Review of Accounting Studies, and Contemporary Accounting Research. He is currently an Associate Editor at the Journal of Accounting and Economics, Journal of Accounting Research, and Contemporary Accounting Research and has previously been an Associate Editor at The Accounting Review. His research spans economics, accounting, and business management and focuses primarily on auditing both domestically and abroad, specifically in China, the UK, and Greece.

Lennox is fascinated by what happens when auditing does not go as it should, when financial reports lack the information investors require to make informed decisions.

Lennox has been recognized with many research and teaching honors. He received the 2017 Dean’s Award for Research Excellence and the 2016/17 Leventhal Diamond Teaching Award for the MAcc Core. In 2016, the Auditing Section of the American Accounting Association presented him with the Auditing Literature Award.

The Singapore Ministry of Education, HKUST, and Economics and Social Research Council, among others have all awarded him with research grants. In addition, he has presented at conferences on auditing, accounting, corporate governance, and finance both in the US and internationally.   

Lennox participated in the 2017 Marshall Research Fair with a talk called “Factors Influencing Audit Outcomes.” He asked this key question: Why do we even care about auditing? Financial reports are a key tool for disseminating information that affects key users (i.e., investors). And these reports need to be audited by an external auditing form such as PWC or KPMG. So why do we care? Often, things do not go as they should. Many accounting standards exist precisely because an auditor along the way failed to do his or her job as well as he or she could have. Lennox is fascinated by what happens when auditing does not go as it should, when financial reports lack the information investors require to make informed decisions.