Brian Mayhew

Brian W. Mayhew is the Arthur Andersen Alumni Professor in the Department of Accounting and Information Systems at the Wisconsin School of Business.

Mayhew's research focuses primarily on financial statement audits and financial reporting. His research uses both experimental economics and archival data to develop and test theories related to auditing and financial reporting. He is particularly interested in institutional design factors that impact audit quality. Research topics include: audit quality, auditor independence, related party transactions, auditor industry specialization, audit market concentration, and ethics. He teaches Advanced Auditing to Master's of Accounting Students and research to Ph.D. students.

Mayhew has published in journals such as The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Journal of Accounting, Auditing and Finance, and Auditing. He is currently an associate editor for Accounting Horizons and the Journal of Accounting Literature and serves on the editorial boards for Auditing: A Journal of Practice and Theory, and The Accounting Review.

Mayhew leads the BRITE Lab – a joint venture between WSB and the School of Human Ecology. The lab focuses on experimental research that explores how incentives, psychology and sociology interact to affect individual decision making. The lab also fosters cross campus interactions with a wide range of social science departments. He also leads the Arthur Andersen Center which supports research and student development in the accounting department.

He joined the Wisconsin School of Business in 1999 after working as an assistant professor at Georgia State University. He previously worked as an auditor with Coopers & Lybrand, which became PriceWaterhouseCoopers.

He received his Ph.D. from the University of Arizona in accounting, with a minor in experimental economics. He received his BBA in accounting from the University of Wisconsin-Madison.

Selected Published Journal Articles

• Kohlbeck, M. & Mayhew, B. (2017). Are Related Party Transactions Red Flags?. Contemporary Accounting Research (34), 900-928.
• Keune, M. & Mayhew, B. & Schmidt, J. (2016). Non-Big 4 Local Market Leadership and its Effect on Competition. The Accounting Review (91), 907-931.
• Mayhew, B. & Murphy, P. (2014). The Impact of Authority on Reporting Behavior, Affect and Rationalization. Contemporary Accounting Research (31), 420-443. doi: 10.1111/1911-3846.12037.
• Mayhew, B. & Vitalis, A. (2014). Myopic Loss Aversion and Market Experience. Journal of Economic Behavior and Organization (97), 113-125.
• Dunn, K. & Kohlbeck, M. & Mayhew, B. (2011). The Impact of Big4 Consolidation on Audit Market Share Equality. Auditing: A Journal of Practice & Theory (30), 49-74. doi: 10.2308/aud.2011.30.1.49.
• Kohlbeck, M. & Mayhew, B. (2010). Valuation of Firms that Disclose Related Party Transactions. Journal of Accounting and Public Policy (29), 115-137. doi: 10.1016/j.jaccpubpol.2009.10.006.
• Magilke, M. & Mayhew, B. & Pike, J. (2009). Are Independent Audit Committee Members Objective?. The Accounting Review (84), 1959-1981. doi: 10.2308/accr.2009.84.6.1959.
• Mayhew, B. & Murphy, P. (2009). The Impact of Ethics Education on Reporting Behavior. Journal of Business Ethics (86), 397-416. doi: 10.1007/s10551-008-9854-5.
• Kohlbeck, M. & Mayhew, B. & Murphy, P. & Wilkins, M. (2008). Competition for Andersen's Clients. Contemporary Accounting Research (25), 1099-1136. doi: 10.1506/car.25.4.6.
• Mutzako, S. & Johnstone, K. & Mayhew, B. & Rittenberg, L. (2004). Does Audit Firm Liability Status Affect IPO Pricing? Evidence from the Shift to Limited Liability Partnerships. Auditing: A Journal of Practice & Theory (3), 53-67.
• Skaife, H. & LaFond, R. & Mayhew, B. (2003). Do Nonaudit Fees Impact Auditor Independence? Further Evidence. The Accounting Review (78), 611-640. doi: 10.2308/accr.2003.78.3.611.
• Mayhew, B. (2001). Auditor Reputation Building. Journal of Accounting Research (39), 599-618. doi: 10.1111/1475-679X.00030.
• Trotman, K. & Grambling, A. & Johnstone, K. & Kaplan, S. & Mayhew, B. & Reimers, R. & Schwartz, H. & Wright, B. (2000). Twenty-five Years of Audit Research.
• Erickson, M. & Mayhew, B. & Felix, W. (2000). Why Do Audits Fail?: Evidence from Lincoln Savings and Loan. Journal of Accounting Research (38), 165-194.

Selected Submitted Journal Articles

• Hurley, P. & Mayhew, B. & Obermire, K. (2016). Realigning Auditors' Incentives: Experimental Evidence of a Third-Party Payer System. The Accounting Review
• Kowaleski, Z. & Mayhew, B. & Tegeler, A. (2016). The Impact of Consulting Services on Audit Quality: An Experimental Approach. Journal of Accounting Research

Working Papers

• Dunn, K. & Kohlbeck, M. & Mayhew, B. (2016). The Impact of Market Structure on Audit Price.
• Hurley, P. & Mayhew, B. (2016). Exploring Market Reactions to a High-Quality Auditor and Managerial Preference for Audit Quality.
• Mayhew, B. (2015). Self-Regulation: Experimental Evidence on Reputation and Peer Review.

Presentations

University of Tennesee ( 2014 ) Local Non-Big 4 Leadership and Its Effect on Competition

2014 Contemporary Accounting Research Conference ( 2014 ) Are Related Party Transactions Red Flags?

AAA Annual Meeting (Atlanta, GA) ( 2014 ) Are Related Party Transactions Red Flags?

Georgia Institute of Technology ( 2014 ) Exploring Market Reactions to a High-Quality Auditor and Managerial Preference for Audit Quality

AAA Annual Meeting (Anaheim, CA) ( 2013 ) Non-Big 4 Local Market Leadership and Its Impact on Big 4 Market Power

2013 AAA Auditing Mid-Year Meeting ( 2013 ) An Experimental-Market Exploration of High-Quality Auditors and Managerial Preference for Audit Quality

University of Pittsburgh Workshop ( 2011 ) Consequences of More Frequent Reporting

Internal Audit Association Midwest Meeting ( 2011 ) Strategy versus Audit Risk

University of Kentucky Workshop ( 2011 ) Consequences of More Frequent Reporting

Indiana University ( 2010 ) Self-Regulation: Experimental Evidence on Reputation and Peer Review

Undergraduate Courses

Audit and Assurance Services (ACC 630 Section 3), Fall 2008.

Audit and Assurance Services (AIS 630 Section 1), Fall 2009.

Pro Prac Iss-Acct & Auditng (AIS 601 Section 1), Spring 2009.

Pro Prac Iss-Acct & Auditng (AIS 601 Section 1), Spring 2010. Download Syllabus

Pro Prac Iss-Acct & Auditing (AIS 601), Spring 2008.

Pro Prac Iss-Acct & Auditng (ACCT 601 Section 1), Spring 2008.

Graduate Courses

Reading and Research - Accounting PhD (ACCT 999), Spring 2008.

Reading and Research - Accounting PhD (ACCT 999), Fall 2008.

Reading and Research - Accounting PhD (ACCT 999), Spring 2009.

Readng & Rsch-Accountng PhD (Independent Study) (ACCT 999), Spring 2015.

Readng & Rsch-Accountng PhD (Independent Study) (ACCT 999), Summer 2015.

Readng & Rsch-Accountng PhD (Independent Study) (ACCT 999), Fall 2015.

Readings & Research (ACCT 999 Section 122), Fall 2009.

PhD Thesis-Accounting (Independent Study) (ACCT 990), Spring 2015.

Seminar in Accounting Research (ACC 971), Spring 2003.

Research Seminar - Experimental Economics (ACC 971), Spring 2006.

Seminar in Accounting Research (AIS 971), Fall 2006.

Smr-Accounting Research (AIS 971 Section 1), Fall 2010.

Smr- Accounting Research (AIS 971), Spring 2008.

Smr-Accounting Research (ACCT 971 Section 2), Spring 2008.

Business Information Consulting (ACC 740), Fall 2001.

Business Information Consulting (ACC 740), Spring 2003.

Business Information Consulting (ACC 740), Spring 2003.

Business Information Consulting (ACC 740), Spring 2004.

Business Information Consulting (ACC 740), Spring 2004.

Business Information Consulting (ACC 740), Spring 2005.

Business Information Consulting (ACC 740), Spring 2005.

Business Information Consulting (ACC 740), Spring 2006.

Business Information Consulting (ACC 740), Spring 2006.

Combined Undergraduate & Graduate Courses

Financial Reporting I (ACC/ACC 301/701), Fall 2001.

Financial Reporting I (ACC/ACC 301/701), Spring 2004.

Financial Reporting I (ACC/ACC 301/701), Spring 2005.

Professional Organizations

American Accounting Association

AAA New Faculty Consortium

Editorial and Reviewing Activities

Accounting Horizons - Since June 2015 Associate Editor

Journal of Accounting Literature - Since September 2013 Associate Editor

The Accounting Review - Since July 2008 Editorial Board Member

Auditing: A Journal of Practice and Theory - Since January 2004 Editorial Board Member

Accounting Horizons - Since January 2004 Editorial Board Member