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Mark De Fond

A. N. Mosich Chair in Accounting and Professor of Accounting
Building
HOH
Room / Office
816

PhD, University of Washington; BA, San Francisco State University

Professor DeFond is the A. N. Mosich Chair of Accounting, Leventhal School of Accounting, University of Southern California. His research investigates issues in auditing, international financial reporting, and earnings management. He is a former Senior Editor of The Accounting Review and has served on the editorial boards of several leading academic journals, including the Journal of Accounting Research and the Journal of Accounting and Economics. He is a recipient of the AAA’s Notable Contribution to the Auditing Literature Award, and a four-time MBA Golden Apple teaching award winner. Professor DeFond has held visiting professorships in Hong Kong and Singapore, and is currently the Associate Dean of Faculty at the Leventhal School of Accounting. He received his PhD at the University of Washington and prior to that worked for several years as an auditor with Deloitte (formerly Touche Ross) and is a California CPA (inactive).

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DeFond, Mark.,Lennox, Clive.,Zhang, Jieying. () "Some Controversies in the Auditing Literature".
DeFond, Mark.,Hung, Mingyi.,Hu, Jinshuai.,Li, Siqi. () "The Usefulness of Fair Value Accounting in Executive Compensation".
DeFond, Mark.,Erkens, David.,Zhang, Jieying. () "Comment on Response to ‘Do Client Characteristics Really Drive the Big N Audit Quality Effect? New Evidence from Propensity Score Matching", Management Science, 63, 3650–3653.
DeFond, Mark.,Erkens, David.,Zhang, Jieying. () "Do Client Characteristics Really Drive the Big N Audit Quality Effect? New Evidence from Propensity Score Matching", Management Science, 63, 3628-3649.
DeFond, Mark.,Francis, Jere.,Hallman, Nicholas. () "Awareness of SEC Enforcement and Auditor Reporting Decisions", Contemporary Accounting Research.
DeFond, Mark.,Lennox, Clive. () "Do PCAOB Inspections Improve the Quality of Internal Control Audits", Journal of Accounting Research, 55, 591-627.
De Fond, Mark.,Erkens, David.,Zhang, Jieying. () "Do Client Characteristics Really Drive the Big N Audit Quality Effect? New Evidence from Propensity Score Matching", Management Science.
De Fond, Mark.,Gao, Xinzi.,Li, Oliver.,Li, Lijun. () "Did China’s IFRS Adoption Attract More Foreign Investment?".
De Fond, Mark.,Yoonseok Zang, Chee Yeow Lim. () "Client Conservatism and Auditor-Client Contracting", The Accounting Review, 91, 69-98.
De Fond, Mark.,Lennox, Clive. () "Do PCAOB Inspections Improve the Quality of Internal Control Audits?".
De Fond, Mark.,Francis, Jere.,Hallman, Nicholas. () "Awareness of SEC Enforcement and Auditor Reporting Decisions".
De Fond, Mark.,Erkens, David.,Zhang, Jieying. () "Does PSM Really Eliminate the Big N Audit Quality Effect?".
Bartov, Eli.,De Fond, Mark.,Konchitchki, Yaniv. () "The Consequences of Untimely Quarterly and Annual Financial Reporting", Accounting Horizons.
De Fond, Mark.,Hung, Mingyi.,Li, Siqi.,Li, Yinghua. () "Does Mandatory IFRS Adoption Affect Crash Risk? ", THE ACCOUNTING REVIEW, 90, 265-300.
De Fond, Mark.,Lim, Chee.,Zang, Yoonseok. () "Client Conservatism and Auditor-Client Contracting", THE ACCOUNTING REVIEW.
De Fond, Mark.,Zhang, Jieying. () "A Review of Archival Auditing Research", JOURNAL OF ACCOUNTING AND ECONOMICS, 58, 275-326.
De Fond, Mark.,Zhang, Jieying. () "The Timeliness of the Bond Market Reaction to Bad News Earnings Surprises ", CONTEMPORARY ACCOUNTING RESEARCH, 31, 911-936.
De Fond, Mark.,Konchitchki, Yaniv.,McMullin, Jeff.,O'Leary, Daniel. () "Capital Markets Valuation and Accounting Performance of Most Admired Knowledge Enterprise (MAKE) Award Winners ", Decision Support Systems, 56, 348-360.
De Fond, Mark.,Konchitchki, Yaniv.,McMullin, Jeff.,O'Leary, Daniel. () "Market Valuation of Knowledge Management", Decision Support Systems.
De Fond, Mark. () "The Consequences of Protecting Audit Partners' Personal Assets from the Threat of Liability: A Discussion", Journal of Accounting and Economics, 54.
De Fond, Mark.,Hu, Xuesong.,Hung, Mingyi.,Li, Siqi. () "Has the Widespread Adoption of IFRS Harmed US Firms’ Ability to Attract Foreign Capital?", Journal of International Accounting Research, 11, 27-55.
De Fond, Mark.,Lennox, Clive. () "The effect of SOX on small auditor exits and audit quality", Journal of Accounting and Economics, 52, 21–40.
De Fond, Mark.,Hu, Xuesong.,Hung, Mingyi.,Li, Siqi. () "The Impact of IFRS Adoption on Mutual Fund Ownership: The Role of Comparability", Journal of Accounting and Economics, 51, 240-258.
De Fond, Mark.,Hung, Mingyi.,Karaoglu, Emre.,Zhang, Jieying. () "Was Sarbanes Oxley Good News for the Bond Market?", Accounting Horizons, 25, 465-485.
De Fond, Mark. () "Earnings quality research: Advances, challenges and future research", Journal of Accounting and Economics, 50, 402-409.
De Fond, Mark. () "How Should the Auditors be Audited? Comparing the PCAOB Inspections with the AICPA Peer Reviews", Journal of Accounting and Economics, 49, 104-108.
De Fond, Mark.,Hung, Mingyi.,Trezevant, Robert. () "Investor Protection and the Information Content of Annual Earnings Announcements: International Evidence", Journal of Accounting and Economics, 43, 37-67.
De Fond, Mark.,Hung, Mingyi.,Covrig, V.. () "Home Bias, Foreign Mutual Fund Holdings, and Voluntary Adoption of International Accounting Standards", Journal of Accounting Research, 45, 41-70.
De Fond, Mark.,Hung, Mingyi. () "Investor Protection and Analysts' Cash Flow Forecasts Around the World", Review of Accounting Studies.
De Fond, Mark.,Francis, J.. () "Auditing Research after Sarbanes-Oxley", Auditing: A Journal of Practice and Theory, 25, 5-30.
De Fond, Mark.,Hann, R..,Hu, X.. () "Does the Market Value Financial Expertise on the Audit Committees of Boards of Directors?", Journal of Accounting Research, 43, 154-194.
De Fond, Mark. () "Discussion of the Riskiness of Large Audit Firm Client Portfolios and Changes in Audit Liability Regimes: Evidence from the US Audit Market.", Contemporary Accounting Research, 21.
De Fond, Mark.,Hung, Mingyi. () "Investor Protection and Corporate Governance: Evidence from Worldwide CEO Turnover", Journal of Accounting Research, 42, 269-312.
De Fond, Mark.,Hung, Mingyi. () "An Empirical Analysis of Analysts' Cash Flow Forecasts.", Journal of Accounting and Economics, 35, 75-100.
Chen, S..,De Fond, Mark.,Park, C.. () "Voluntary Disclosure of Balance Sheet Information in Quarterly Earnings Announcements", Journal of Accounting and Economics, 33, 229-251.
De Fond, Mark. () "Discussion of The Balance Sheet as an Earnings management Constraint.", The Accounting Review, 77, 29-33.
De Fond, Mark.,Raghunandan, K..,Subramanyam, K.. () "Do Non-Audit Service Fees Impair Auditor Independence?", Journal of Accounting Research, 40, 1247-1274.
De Fond, Mark.,Park, C.. () "The Reversal of Abnormal Accruals and the Market Valuation of Earnings Surprises", The Accounting Review, 375-404.
Wong, T.J..,De Fond, Mark.,Francis, Jere. () "Auditor Industry Specialization and Market Segmentation: Evidence from Hong Kong", Auditing: A Journal of Practice and Theory, 19, 49-66.
De Fond, Mark.,Francis, J..,Wong, T.. () "Auditor Industry Specialization and the Market Segmentation: Evidence from Hong Kong", Auditing: A Journal of Practice and Theory, 19, 49-66.
De Fond, Mark. () "Discussion of Differences in Conservatism Between Big Eight and Non-Big Eight Auditors", Proceedings of the 15th Illinois Audit Symposium.
De Fond, Mark.,Wong, T..,Li, S.. () "The Impact of Improved Auditor Independence on Audit Market Concentration in China", Journal of Accounting and Economics, 28, 269-305.
Wong, T.J..,De Fond, Mark.,Li, Shuhua. () "The Impact of Improved Auditor Independance on Audit Market Concentration in China", Journal of Accounting and Economics, 28, 269-305.
De Fond, Mark.,Park, C.. () "The Effect of Competition on CEO Turnover", Journal of Accounting and Economics, 27, 35-56.
De Fond, Mark.,Subramanyam, K.. () "Auditor Changes and Discretionary Accruals", Journal of Accounting an Economics, 25, 35-68.
Becker, C..,De Fond, Mark.,Jiambalvo, J..,Subramanyam, K.. () "The Effects of Audit Quality on Earnings Management", Auditing: A Journal of Practice and Theory, 15, 1-24.
De Fond, Mark.,Blacconiere, W.. () "An Investigation of Audit Opinions and Subsequent Auditor Litigation of Publicly Traded Failed Savings and Loans.", Journal of Accounting and Public Policy, 16, 415-454.
De Fond, Mark.,Ettredge, M..,Smith, D.. () "An Investigation of Auditor Resignations.", Research in Accounting Regulation, 11, 25-46.
De Fond, Mark.,Park, C.. () "Smoothing Income in Anticipation of Future Earnings.", Journal of Accounting and Economics, 23, 115-139.
De Fond, Mark.,Jiambalvo, J.. () "Debt Covenant Violation and Manipulation of Accruals.", Journal of Accounting and Economics, 17, 145-176.
De Fond, Mark.,Jiambalvo, J.. () "Factors Related to Auditor-client Disagreements Over Income-Increasing Accounting Methods", Contemporary Accounting Research, 9, 415-31.
De Fond, Mark. () "The Association Between Changes in Client Firm Agency Costs and Auditor Switching", Auditing: A Journal of Practice and Theory, 11, 16-31.
De Fond, Mark.,Smith, D.. () "Discussion of the Financial and Market Effects of the SEC Accounting and Auditing Enforcement Releases.", Journal of Accounting Research, 29.
De Fond, Mark.,Jiambalvo, J.. () "Incidence and Circumstances of Accounting Errors.", The Accounting Review, 66, 643-355.