Profile Image

Professor Jim Psaros

Conjoint Professor

Newcastle Business School (Accounting and Finance)

Career Summary

Biography

Professor Psaros is the Director of the University of Newcastle (Sydney). He also is the Deputy Head - Faculty of Business and Law, Assistant Dean Teaching and Learning and Director of Executive and Corporate Programs. He was formally Head of the Department of Accounting and Finance at the University of Newcastle. Prior to entering academia, Professor Psaros was employed for several years in Chartered Accounting. He has experience in Australia and overseas working for Big 4 Accounting Firms. For the last 20 years he has taught and researched at Australian and British Universities. He has sat on the Board of Directors of companies and the audit committee of government authorities. He is a Fellow of CPA Australia and has both extensive professional accounting and research experience. Professor Psaros has a PhD in Accounting from the University of New South Wales. Throughout his research career, Professor Psaros has focused on issues of practical importance. He has conducted research in a range of areas including auditing and fraud, the inadequacies of Australian accounting standards, and more recently, corporate governance mechanisms. Professor Psaros has published a book and twenty six journal articles. He has made many presentations at professional and academic forums.

Research Expertise
I have an active and sustained track record in research. I published 2 books, 26 refereed journal articles, 3 articles in books of readings, 14 commissioned reports, and 32 conference and seminar presentations. While my recent research activities have focused on corporate governance issues, I have a published in a wide range of accounting/business related issues. For example I have had 11 publications in the auditing area, 7 publications in financial accounting, 5 publications in corporate governance, and 3 publications in the taxation / small business area. Notwithstanding the broad ranging areas in which I have published, my major research area is corporate governance where I have achieved a national and international reputation. Further, the evidence indicates that I am respected as an expert by both the academic and business communities. Underpinning my expertise is the development of a model for assessing the adequacy of an organisations corporate governance. In collaboration, Michael Seamer, my colleague and former PhD student, we have used the model as the basis for an annual assessment of the corporate governance of Australias largest 250 companies, since 2002.

Teaching Expertise
I am a highly motivated and inspirational teacher with an ability to enthuse and challenge my students to think critically and deeply about course content. I take pride in the quality and rigour of my courses and student evaluations confirm the success of the courses. I demonstrate leadership and innovation in teaching and learning by virtue of a series of innovations that have enhanced the student experience and motivated Faculty staff. The quality of my teaching is something in which I take pride. I have a large amount of relevant teaching experience having taught at four universities in two countries. My teaching experience includes undergraduate and postgraduate courses and research supervision at honours, masters and PhD levels. My rationale to teaching is driven by three fundamental concepts. The first is to create a learning environment, both in lectures and tutorial, where students accept ambiguity and are encouraged to think critically. I see my lectures and tutorials as an opportunity for students to consider different points of view and develop effective decision making skills. In short, I design my courses to enable students to acquire the tools and mindset to be strategic and effective decision makers. The second is to focus on contemporary real world situations. It is particularly useful to illustrate to students that business occurrences while very practical and relevant are still explained by theoretical constructs and principles. For example, Australias largest corporate collapse (HIH Insurance) is an infamous, but excellent example, of how theoretical parameters of good corporate governance are very relevant to the practical well-being of an organisation. Further, the recent global economic crisis provides an excellent case study of how effective accounting and auditing are critical to the success of organisations. The third is to challenge students to consider the theoretical foundations of a course concurrently while exploring specific content. To my mind, it is counterintuitive to consider the theoretical content of a course as anyway separate from the technical material. It is the ingraining of theoretical content throughout the course that gives the technical material its context and meaning. Successful students are those students who appreciate what explains and drives subject matter, ie the theoretical foundations of a course. Particularly in a business context, where courses are deemed to be practical and technically driven, it is imperative that students are challenged to reflect deeply what the numbers mean, and what impact they have on human behaviour. When taught effectively and embedded throughout the course, theory becomes the defining feature that takes a business student from being just technically competent, to being a deeper learner.

Administrative Expertise
A common feature of my service has been the acceptance of leadership roles and a commitment to take the initiative in the performance of these roles. I achieve good outcomes because I consult, communicate and respect the staff I work with. In short, while I accept the responsibility of making decisions, I take people along with me in the process. Throughout my career I have engaged in a series of major service activities for The University of Newcastle. I have accepted positions which have required leaderships skills in diverse and strategically important areas. Some of the major roles I have accepted and achieved excellent outcomes are as follows. 1999 2001: Head, Department of Accounting and Finance 2006 2007: Chair, University of Newcastle Outside Study Program Committee 2006 to 2012: Director, Executive and Corporate Programs 2008 to 2012: Assistant Dean, Community and Marketing 2008 to date: Chair, Faculty of Business and Law Progress and Appeals Committee 2008 to date: Assistant Dean, Teaching and Learning 2008 to date: Acting Pro Vice Chancellor (various periods) 2008 to date: Deputy Head, Faculty of Business and Law 2013 to date Academic Director, The University of Newcastle - Sydney

Collaborations
Corporate Governance, Accounting and auditing aspects of corporate fraud, The effectiveness of uncertainty expressions in accounting standards.


Qualifications

  • PhD, University of New South Wales
  • Bachelor of Commerce, University of Newcastle
  • Master of Commerce, University of Newcastle

Keywords

  • Auditing
  • Corporate Governance
  • Financial Accounting

Languages

  • Greek (Fluent)

Fields of Research

CodeDescriptionPercentage
150199Accounting, Auditing and Accountability not elsewhere classified100

Professional Experience

UON Appointment

DatesTitleOrganisation / Department
1/01/2014 - 30/04/2015ProfessorUniversity of Newcastle
Newcastle Business School
Australia
1/12/1998 - 8/01/1999Support Staff - Accounting & FinancUniversity of Newcastle
Economics and Commerce
Australia

Academic appointment

DatesTitleOrganisation / Department
Editorial Board - Accounting Research JournalAccounting Research Journal
Australia
1/01/1997 - Associate Professor in AccountingUniversity of Newcastle
Business and Law
Australia

Invitations

External Reviewer - Departments

YearTitle / Rationale
2006Division of Economic Studies
Organisation: Macquarie University Description: Review of the Division of Economic Studies at Macquarie University
Edit

Publications

For publications that are currently unpublished or in-press, details are shown in italics.


Book (1 outputs)

YearCitationAltmetricsLink
2009Psaros J, Australian Corporate Governance: A Review and Analysis of Key Issues, Pearson Education Australia, Frenchs Forest, NSW, 320 (2009) [A2]

Journal article (25 outputs)

YearCitationAltmetricsLink
2013Choi BB, Lee D, Psaros J, 'An analysis of Australian company carbon emission disclosures', Pacific Accounting Review, 25 58-79 (2013) [C1]
DOI10.1108/01140581311318968
Co-authorsBobae Choi, Doowon Lee
2007Psaros J, 'Do principles-based accounting standards lead to biased financial reporting? An Australian experiment', Accounting and Finance, 47 527-550 (2007) [C1]
DOI10.1111/j.1467-629x.2007.00212.x
CitationsScopus - 6Web of Science - 4
2007Krambia-Kapardis M, Psaros J, Solomon JF, 'Corporate governance: Rating of the EU member states guidelines', Corporate Ownership and Control, 4 160-172 (2007)

This paper presents a synthesis and analysis of corporate governance guidelines of the twenty-five European Union (EU) member states. The paper focuses on observable and quantifiable aspects of corporate governance including key aspects pertaining to the composition and operation of the board of directors, audit committee, remuneration committee, nomination committee, and other corporate governance policies. Using an Australian corporate governance ranking system, contained in the Horwath Report, the Corporate Governance (CG) Guidelines were analysed and rated. Based on the rating system, thirteen of the twenty-five EU countries had guidelines that were considered to be lacking in several key areas. In contrast, Ireland and the United Kingdom have the most detailed and rigorous corporate governance guidelines. Countries with less developed economic frameworks have the least detailed and rigorous corporate governance guidelines. Finally the specificity of corporate governance guidelines varies greatly between the various countries either due to the system used (one or two tier systems) or whether the country's legal system is predominately common or statutory law. The aim of the paper is not to determine the compliance of individual companies on their company's CG Code but to rate the Codes of the countries so as to assess whether there ought to be stricter regulatory measures by the EU on its member states.

2006Krambia-Kapardis M, Psaros J, 'The Implementation of Corporate Governance Principles in an Emerging Economy: A Critique of the Situation in Cyprus', Corporate Governance - An International Review, 14 126-139 (2006) [C1]
DOI10.1111/j.1467-8683.2006.00492.x
CitationsScopus - 21Web of Science - 8
2004Psaros J, Trotman KT, 'The Impact of the Type of Accounting Standards on Prepares' Judgments', Abacus: a journal of accounting, finance and business, 40 76-93 (2004) [C1]
DOI10.1111/j.1467-6281.2004.00144.x
2004Psaros J, Holmes KS, 'The Questionable Value of the Going Concern Assumption to Unsecured Creditors: A Case Study of Mine Closure', Accounting Research Journal, 17 24-31 (2004) [C1]
2004Psaros J, Seamer MJ, 'Australian Audit Committees - Do They Meet Best Practice Guidelines', Australian Accounting Review, 14 77-85 (2004) [C1]
DOI10.1111/j.1835-2561.2004.tb00244.x
Co-authorsMichael Seamer
2003Psaros J, Seamer MJ, 'The AXS's new corporate governance guidelines have generated fierce and heated debate. But is corporate Australia missing the point?', CACharter, 74 46-47 (2003) [C3]
Co-authorsMichael Seamer
2003Psaros J, Patel C, Warnakulasuriya S, 'A Study of Uncertainty Expressions in Australian Accounting and Auditing Standards', Pacific Accounting Review, 15 1-28 (2003) [C1]
DOI10.1108/eb037972
2001Psaros J, Seamer MJ, 'The Unravelling of the House of Scarfe', Charter, 4 44-47 (2001) [C3]
Co-authorsMichael Seamer
2000Psaros J, Patel C, 'Perceptions of External Auditors' Independence: Some Cross-Cultural Evidence', British Accounting Review, 32 311-338 (2000) [C1]
CitationsScopus - 22
1999Holmes KS, Psaros J, Smith GW, 'A Research Note on the Use and Perceived Usefulness of Analytical Procedures by Australian Auditors', Australian Accounting Review, 9 64-72 (1999) [C1]
1997Psaros J, 'Dismantling the Framework', Charter, April 87-89 (1997)
1996Psaros J, 'A Study of Accountants' Judgements With Respect to the Provision of Consolidated Financial Statements', Abacus: a journal of accounting, finance and business studies, 62-80 (1996)
1995Psaros J, 'The Audit Litigation Crisis: A Critique', Accounting Forum, 3-12 (1995)
1994Psaros J, 'The Going Concern Audit Opinion: Australian Evidence', Perspectives on Contemporary Auditing, 39-46 (1994)
1992Psaros J, 'An Attribution Theory Analysis of the Audit Expectation Gap in Australia', Accounting Research Journal, 81-91 (1992)
1991Psaros J, 'The Inappropriateness of Comprehensive Tax-effect Accounting for the Forestry Industry', Accounting Research Journal, 31-44 (1991)
1991Psaros J, 'Comprehensive Tax-effect Accounting - failing to See the Wood for the Trees!', Charter, 48-52 (1991)
1990Psaros J, 'An Empirical Study of Auditors' Perceptions on Fraud Detection', Accounting Research Journal, 3-8 (1990)
1989Psaros J, 'Premature Signoff of Audit Programmes', Accounting Forum, 38-53 (1989)
1989Psaros J, 'Cash and Carry On', Chartered Accountant in Australia, 23-25 (1989)
1988Psaros J, 'Reducing the Audit Expectation Gap', Chartered Accountant in Australia, 51-54 (1988)
1987Psaros J, 'Detection of Fraud: In Defence of the Auditor', Chartered Accountant in Australia, 43-45 (1987)
1986Psaros J, 'Audit Reports - Does AUP 3 Provide Adequate Guidance?', Chartered Accountant in Australia, 40-43 (1986)
Show 22 more journal articles

Review (1 outputs)

YearCitationAltmetricsLink
2003Psaros J, Seamer MJ, 'Horwath 2003 Corporate Governance Report', Horwath 2003 Corporate Governance Report (2003) [D1]
Co-authorsMichael Seamer

Conference (8 outputs)

YearCitationAltmetricsLink
2011Seamer M, Psaros J, 'THE ASSOCIATION BETWEEN MANAGEMENT PERPETRATED FRAUD AND CORPORATE GOVERNANCE DEFICIENCIES', 4TH ANNUAL EUROMED CONFERENCE OF THE EUROMED ACADEMY OF BUSINESS: BUSINESS RESEARCH CHALLENGES IN A TURBULENT ERA, Elounda, GREECE (2011) [E1]
Author URL
2009Seamer MJ, Psaros J, 'Corporate governance as a facilitator of continuous market disclosure', Symposium on the Multiple Facets of Governance. Symposium Program, Newcastle, NSW (2009) [E2]
Co-authorsMichael Seamer
2005Psaros J, Krambia-Kapardis M, 'A Synthesis and Analysis of Corporate Governance Guidelines in the EU Countries', European Accounting Association 28th Annual Congress, Goteborg (2005) [E1]
2005Psaros J, 'Do 'Substance-over-form' Accounting Standards Lead to Biased Financial Reporting?: An Australian Experiment', AFAANZ 2005 Annual Conference, Melbourne (2005) [E1]
2004Psaros J, 'Do 'Substance-Over-Form' Accounting Standards Work? An Australian Experiment', CIBER Conference and TLC Conference Refereed Proceedings, Las Vegas, USA (2004) [E1]
2003Psaros J, Seamer MJ, 'Australian Audit Committees - Do They Meet Best Practice Guidelines', AFAANZ 2003 Annual Conference, Brisbane (2003) [E1]
Co-authorsMichael Seamer
2002Psaros J, 'Corporate Collapse in Australia:The Role of and Implications for Accounting', 2002 Supreme Court of New South Wales Annual Conference, Leura, Blue Mountains, Australia (2002) [E2]
1999Psaros J, Gibson B, 'Computer and Electronic Commerce use in Australian Small Firms', Managing Enterprises '99, The University of Newcastle (1999) [E1]
Show 5 more conferences

Report (1 outputs)

YearCitationAltmetricsLink
2004Psaros J, Seamer MJ, 'Horwath 2004 Corporate Governance Report', Horwath (NSW) Pty Ltd, 70 (2004) [R1]
Co-authorsMichael Seamer
Edit

Grants and Funding

Summary

Number of grants18
Total funding$174,510

Click on a grant title below to expand the full details for that specific grant.


20121 grants / $99,000

Practical implementation of anomaly-based investment strategies and the investigation of new anomalies in the Australian stock market$99,000

Funding body: Platypus Asset Management

Funding bodyPlatypus Asset Management
Project TeamDoctor Paul Docherty, Professor Stephen Easton, Professor Jim Psaros, Dr Howard Chan, Professor Philip Gray
SchemeResearch Grant
RoleInvestigator
Funding Start2012
Funding Finish2012
GNoG1100869
Type Of FundingGrant - Aust Non Government
Category3AFG
UONY

20102 grants / $23,600

Capstone Courses in undergraduate business degrees: better course design, better learning activities, better assessment$18,807

Funding body: Australian Learning and Teaching Council

Funding bodyAustralian Learning and Teaching Council
Project TeamAssociate Professor Janis Bailey, Dr Erica French, Associate Professor Michael Zanko, Dr Leigh Wood, Professor Jim Psaros, Doctor Johanna Macneil
SchemeResearch Grant
RoleLead
Funding Start2010
Funding Finish2010
GNoG1100034
Type Of FundingOther Public Sector - Commonwealth
Category2OPC
UONY

An Assessment of the Quality and Market Implications of Carbon Emission Disclosure by Australian Listed Public Companies$4,793

Funding body: Accounting & Finance Association of Australia and New Zealand Ltd

Funding bodyAccounting & Finance Association of Australia and New Zealand Ltd
Project TeamDoctor Bobae Choi, Doctor Doowon Lee, Professor Jim Psaros
SchemeResearch Grant
RoleInvestigator
Funding Start2010
Funding Finish2010
GNoG1000971
Type Of FundingGrant - Aust Non Government
Category3AFG
UONY

20061 grants / $19,710

The private regulation of corporate social responsibility$19,710

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamMr Benedict Sheehy, Professor Jim Psaros
SchemePilot Grant
RoleInvestigator
Funding Start2006
Funding Finish2006
GNoG0186669
Type Of FundingInternal
CategoryINTE
UONY

20051 grants / $570

2005 Accounting & Finance Association of Australia and New Zealand Annual Conference, 2-5 July 2005$570

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start2005
Funding Finish2005
GNoG0185460
Type Of FundingInternal
CategoryINTE
UONY

20041 grants / $2,500

2004 Annual International Business & Economic Research Conference, 4-8 October 2004, USA$2,500

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start2004
Funding Finish2004
GNoG0184837
Type Of FundingInternal
CategoryINTE
UONY

20031 grants / $910

Accounting and Finance Association of Australia and New Zealand 2003 Conference, Brisbane Qld 6 - 8 July, 2003$910

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start2003
Funding Finish2003
GNoG0183084
Type Of FundingInternal
CategoryINTE
UONY

20011 grants / $1,684

European Accounting Association 24th Annual Conference, Greece 18-20 April 2001$1,684

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start2001
Funding Finish2001
GNoG0180720
Type Of FundingInternal
CategoryINTE
UONY

20003 grants / $17,912

An Experimental Investigation of the Influence of Cash Flow Statements on External Users' Decision Making.$9,000

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros, Ms Christine Yap
SchemeProject Grant
RoleLead
Funding Start2000
Funding Finish2000
GNoG0178855
Type Of FundingInternal
CategoryINTE
UONY

An Investigation of the Association Between Board of Director Composition and the Incidence of Corporate Fraud in Australia.$8,000

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Scott Holmes, Professor Jim Psaros
SchemeProject Grant
RoleInvestigator
Funding Start2000
Funding Finish2000
GNoG0178834
Type Of FundingInternal
CategoryINTE
UONY

Accounting Association of Australia and New Zealand Annual Conference, Hamilton Island 2-4 July 2000$912

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start2000
Funding Finish2000
GNoG0179773
Type Of FundingInternal
CategoryINTE
UONY

19991 grants / $604

Annual Conference of the Accounting Association of Australia and New Zealand.$604

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start1999
Funding Finish1999
GNoG0180479
Type Of FundingInternal
CategoryINTE
UONY

19971 grants / $800

9th Asian-Pacific Conference on International Accounting Issues, Bangkok, Thailand, 23-26 November 1997$800

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start1997
Funding Finish1997
GNoG0179547
Type Of FundingInternal
CategoryINTE
UONY

19961 grants / $1,083

8th Annual Asian-Pacific Conference on International Accounting Issues, Vancouver, Canada - 13-16 Oct 1996$1,083

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start1996
Funding Finish1996
GNoG0176538
Type Of FundingInternal
CategoryINTE
UONY

19952 grants / $3,137

Annual Conference of the European Accounting Association, UK, 10-12 May 1995$1,862

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start1995
Funding Finish1995
GNoG0176819
Type Of FundingInternal
CategoryINTE
UONY

British Accounting Association National Conference - Winchester, UK - 23-25 March 1994$1,275

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start1995
Funding Finish1995
GNoG0175119
Type Of FundingInternal
CategoryINTE
UONY

19941 grants / $1,275

'British Accounting Assoc. National Conf., King Alfred's College, Winchester, UK, 23 - 25 March 1994$1,275

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start1994
Funding Finish1994
GNoG0174504
Type Of FundingInternal
CategoryINTE
UONY

19931 grants / $1,725

'1993 British Accounting Association Annual Conference' - University of Strathclyde Glasgow, United Kingdom - 5 - 7 April 1993$1,725

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamProfessor Jim Psaros
SchemeTravel Grant
RoleLead
Funding Start1993
Funding Finish1993
GNoG0174302
Type Of FundingInternal
CategoryINTE
UONY
Edit

Research Supervision

Current Supervision

CommencedResearch Title / Program / Supervisor Type
2014Corporate Governance and Firm Performance in Saudi Arabia
Accounting, Faculty of Business and Law
Principal Supervisor
2014The Effect of Corporate Governance on the Extent and Quality of Corporate Internet Disclosures: Evidence in Australia
Accounting, Faculty of Business and Law
Co-Supervisor
2013Professional Accounting Labour Market: Accounting for Recruitment Decisions
Accounting, Faculty of Business and Law
Co-Supervisor
2013Net Share Issuance and Asset Pricing: An Australian Study
Accounting, Faculty of Business and Law
Co-Supervisor
2013Corporate Governance and Voluntary Corporate Disclosure: An Empirical Investigation of CSR Disclosure in the Singaporean Banking Sector
Accounting, Faculty of Business and Law
Principal Supervisor
2012Corporate Share Float Pricing, Information Asymmetries, Corporate Governance Signalling and Associated Issues
Accounting, Faculty of Business and Law
Co-Supervisor

Past Supervision

YearResearch Title / Program / Supervisor Type
2015Gender Diversity on Australian Company Boards
Accounting, Faculty of Business and Law
Principal Supervisor
2013Corporate Governance and Management Misconduct in Thailand
Accounting, Faculty of Business and Law
Principal Supervisor
2009Corporate Governance as a Control of Agency Conflict
Accounting, Faculty of Business and Law
Sole Supervisor
2002An Examination of the Influence of Accounting Authority Structures on the Disclosure and Accounting Treatment of Goodwill
Management & Commerce, Faculty of Business and Law
Co-Supervisor
Edit

Professor Jim Psaros

Position

Conjoint Professor
Newcastle Business School
Faculty of Business and Law

Focus area

Accounting and Finance

Contact Details

Emailjim.psaros@newcastle.edu.au
Phone(02) 4921 5048
Fax(02) 4921 6911

Office

RoomSRS218
BuildingSocial Sciences
LocationCallaghan
University Drive
Callaghan, NSW 2308
Australia
Edit