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Professor Selected to Receive Prestigious American Accounting Association Award

April 28, 2011
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Peter Wysocki, an associate professor of accounting at the School of Business, has been chosen to receive the American Accounting Association’s prestigious AAA/Deloitte/Wildman Medal Award. The award is given annually to research that “is judged to have made or will be likely to make the most significant contribution to the advancement of the practice of public accountancy.”

This year’s award honors Wysocki, Luzi Hail of the Wharton School and Christian Leuz of the University of Chicago, for two co-authored research papers that provide a detailed analysis of the potential U.S. adoption of International Financial Reporting Standards (IFRS).

The first paper, “Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. Part 1: Conceptual Underpinnings and Economic Analysis,” analyzes the economic factors influencing the costs and benefits of U.S. IFRS adoption.

The second paper, “Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. Part 2: Political Factors and Future Scenarios for U.S. Accounting Standards,” analyzes the policy factors surrounding the possible U.S. adoption of IFRS and evaluates possible scenarios for the future evolution of U.S. accounting standards.

Wysocki and his co-authors will share a $5,000 prize, which will be formally awarded in August at the 2011 American Accounting Association annual meeting in Denver.

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