Yi Luo is an Assistant Professor in Managerial Accounting and Control at the Ivey Business School. She obtained her Ph.D. in social and behavioural Accounting from Queen’s University and Bachelor of Commerce (Honours) from University of Toronto (St. George). Her research focuses on policy-relevant questions, such as assessing the effectiveness of audit standard setters and regulators, understanding how auditors respond to unpredicted shocks, and examining whether gender plays a role in investors’ equity investment decisions, among others.
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Luo, Y.; Malsch, B., 2023, "Re-Examining Auditability through Auditors’ Responses to COVID-19: Roles and Limitations of Improvisation on the Production of Auditing Knowledge", Auditing-A Journal of Practice & Theory, August 42(3): 155 - 175.
Abstract: Drawing on Power’s theorization of the logic of auditability as a multidimensional system (Power 1996), we examine the impact of the COVID-19 pandemic on auditors’ year-end work from January to April 2020. Based on 24 semistructured interviews with auditing and accounting professionals located in China, we find that all four dimensions of the logic of auditability were destabilized at once. To restore the conditions of auditability during the pandemic, auditors improvised a deviant system of audit knowledge by rearranging the timeline of audit procedures, altering the substance of audit processes, and designing alternative control mechanisms. As the audit profession continues to evolve and more institutional decomposition (or reconfiguration) of the logic of auditability is expected to occur, this study contributes to our understanding of how auditors improvise in the backstage and produce comfort when they have to operate outside the protective umbrella of legitimate processes during sudden change of circumstances.
Link(s) to publication:
http://dx.doi.org/10.2308/ajpt-2020-114
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Hoang, K.; Luo, Y.; Salterio, S. E., 2022, "Evidence‐Informed Audit Standard Setting: Exploring Evidence Use and Knowledge Transfer*", Contemporary Accounting Research, December 39(4): 2243 - 2283.
Abstract: The authors acknowledge ongoing support for this research from the Social Sciences and Humanities Council of Canada (grant number 430-2015-0165), and Salterio acknowledges support from the Stephen J. R. Smith Chair. We thank workshop participants at the University of Sydney and the University of Queensland for comments on an early draft of this paper, as well as participants at the 2020 AAA Auditing Section Mid-Year Meeting, 2021 BAFA Audit & Assurance Conference, and Egyptian Online Seminars in Business, Accounting and Economics. In particular, we thank Wai Fong Chua, Kerry Humphreys, Justin Leiby (discussant), and Ken Trotman for detailed comments. We thank the Netherlands-based Foundation for Audit Research for allowing the third author to present some of these ideas at the closing plenary of the Third International Audit Research Conference. We also presented some of the initial findings of this paper through video format at the 2018 Illinois Symposium on Audit Research. We thank the members of the Smith Social and Behavioral Brownbag for numerous comments on this research program. We appreciate the assistance of former IAASB board members and staff, PCAOB and SEC academic fellows, and PCAOB-AAA Auditing Section synthesis project members for input; however, we note that the analysis and conclusions are our own and should not be attributed to them.
Link(s) to publication:
http://dx.doi.org/10.1111/1911-3846.12795
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Luo, Y.; Salterio, S. E., 2022, "The Effect of Gender on Investors’ Judgments and Decision-Making", Journal of Business Ethics, August 179(1): 237 - 258.
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Salterio, S. E.; Hoang, K.; Luo, Y., 2021, "Communication is a two-way street: Analyzing practices undertaken to systematically transfer audit research knowledge to policymakers", Accounting, Organizations and Society, October 94: 101265 - 101265.
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