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Mark DeFond

A. N. Mosich Chair in Accounting and Professor of Accounting

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