The Center for Economic Analysis, which began operation in 2014, studies and advises the Board and PCAOB staff on the role of the audit in capital formation and investor protection and how economic theory and analysis can be used to enhance the effectiveness of PCAOB programs. The Center's activities include: (1) specifically dedicating resources to conduct economic analysis for standard setting; (2) fostering economic research on audit related topics, including the role and relevance of the audit in capital markets; and (3) developing empirical tools for use in the PCAOB's oversight programs.
In order to foster economic research on audit related topics, the Center for Economic Analysis is soliciting interested applicants for up to four research fellowship positions during the 2016-2017 academic year.
SENIOR FELLOWS: Ideal applicants for these positions would be tenured or tenure-track junior faculty members in economics, finance, accounting, or a related area.
FELLOWS: Applicants for these positions should have completed all course work in a doctoral program in economics, finance, accounting, or a related area, and should be actively performing research or writing a dissertation.
FELLOWSHIP DESCRIPTION: Fellows will conduct economic research on topics relevant to the oversight, standard setting and other activities of the PCAOB in protecting investors. Topics of interest to the PCAOB would include:
- the role of the audit in capital formation and economic growth;
- applications of regulatory economics to auditing;
- the market impact of audit regulation and oversight;
- the industrial organization of the audit profession;
- economic and social incentives in the audit profession;
- the role of the audit in promoting access to public markets for small enterprises;
- the effects of audit and financial reporting failures on financial markets;
- the effects of multi-layered principal-agent relationships present in auditing;
- applications of behavioral economics to auditing and financial reporting; and
- proxies for and indicators of audit quality and their potential usage and impact.
APPLICATION PROCEDURE: Interested candidates must submit the following information to CEA_Fellows@pcaobus.org:
1. a curriculum vitae;
2. a cover letter that summarizes the applicant's qualifications and interest in the PCAOB, including a description of the applicant's goals and expectations for the fellowship;
3. one or two research papers or recently published articles on topics relevant to the PCAOB;
4. two letters of reference sent directly to the PCAOB by the referees;
5. at least one research proposal that:
a) explains the proposed research topic, including the hypothesis to be tested if the project is empirical in nature;
b) demonstrates the scientific merit and rigor of the proposal, including a proposed methodology;
c) describes the nature of data necessary to complete the research, if the research is empirical in nature;
d) provides a research plan that includes an expected timeline of the project;
e) discloses the names of any co-authors;
f) discloses any potential conflicts of interest.
Candidates with questions about the scope of the data available at the PCAOB or about the application process more generally may contact Center staff at CEA_Fellows@pcaobus.org
In addition candidates should fill the application form at https://re22.ultipro.com/PCA1000/JobBoard/JobDetails.aspx?__ID=*CD9AE59DDA03CFD1
SELECTION: Applications should be submitted no later than January 31, 2016. Finalists will be invited to Washington, DC, for interviews.
Successful applicants will have relevant qualifications and background and exceptionally strong research proposals.
COMPENSATION, BENEFITS, TIMING, AND OTHER RELEVANT INFORMATION: Senior Fellows and Fellows will receive a salary commensurate with experience as well as a competitive benefits package.
Fellowships for the 2016-2017 year will start in August 2016 or a mutually agreed-upon date and will continue for 12 months with the possibility of a single one-year renewal.
All Fellows will be required to abide by the PCAOB Ethics Code, which regulates employee conduct, requires financial disclosures, restricts certain outside activities while at the PCAOB, and prohibits the dissemination or disclosure of nonpublic information, among other requirements.
ABOUT THE PCAOB: The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. The PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection. PCAOB headquarters is in Washington, DC, and it has regional and satellite offices in Atlanta, GA; Ashburn, VA; Boston, MA; Charlotte, NC; Chicago, IL; Denver, CO; Fort Lauderdale, FL; Houston, TX; Irving, TX; Irvine, CA; Los Angeles, CA; New York, NY; Philadelphia, PA; Tampa, FL; and San Mateo, CA.
OUR VALUES: The PCAOB encourages a spirit of cooperation and teamwork, and fosters an environment of professional growth where employees can exercise their leadership ability, creativity, technical competence, and public interest focus in helping the PCAOB fulfill its mission.
Equal Employment Opportunity. The PCAOB is an Equal Opportunity Employer committed to establishing a diverse workforce.