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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

Code Description Percentage
150199 Accounting, Auditing and Accountability not elsewhere classified 100

Professional Experience

UON Appointment

Dates Title Organisation / Department
1/01/2014 - 30/04/2015 Professor University of Newcastle
Newcastle Business School
Australia
1/12/1998 - 8/01/1999 Support Staff - Accounting & Financ University of Newcastle
Economics and Commerce
Australia

Academic appointment

Dates Title Organisation / Department
Editorial Board - Accounting Research Journal Accounting Research Journal
Australia
1/01/1997 -  Associate Professor in Accounting University of Newcastle
Business and Law
Australia

Invitations

External Reviewer - Departments

Year Title / Rationale
2006 Division of Economic Studies
Organisation: Macquarie University Description: Review of the Division of Economic Studies at Macquarie University
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Publications

For publications that are currently unpublished or in-press, details are shown in italics.


Book (1 outputs)

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

Journal article (25 outputs)

Year Citation Altmetrics Link
2013 Choi BB, Lee D, Psaros J, 'An analysis of Australian company carbon emission disclosures', Pacific Accounting Review, 25 58-79 (2013) [C1]
DOI 10.1108/01140581311318968
Co-authors Bobae Choi, Doowon Lee
2007 Psaros J, 'Do principles-based accounting standards lead to biased financial reporting? An Australian experiment', Accounting and Finance, 47 527-550 (2007) [C1]
DOI 10.1111/j.1467-629x.2007.00212.x
Citations Scopus - 6Web of Science - 4
2007 Krambia-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 quantifia... [more]

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.

2006 Krambia-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]
DOI 10.1111/j.1467-8683.2006.00492.x
Citations Scopus - 21Web of Science - 8
2004 Psaros 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]
DOI 10.1111/j.1467-6281.2004.00144.x
2004 Psaros 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]
2004 Psaros J, Seamer MJ, 'Australian Audit Committees - Do They Meet Best Practice Guidelines', Australian Accounting Review, 14 77-85 (2004) [C1]
DOI 10.1111/j.1835-2561.2004.tb00244.x
Co-authors Michael Seamer
2003 Psaros 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-authors Michael Seamer
2003 Psaros J, Patel C, Warnakulasuriya S, 'A Study of Uncertainty Expressions in Australian Accounting and Auditing Standards', Pacific Accounting Review, 15 1-28 (2003) [C1]
DOI 10.1108/eb037972
2001 Psaros J, Seamer MJ, 'The Unravelling of the House of Scarfe', Charter, 4 44-47 (2001) [C3]
Co-authors Michael Seamer
2000 Psaros J, Patel C, 'Perceptions of External Auditors' Independence: Some Cross-Cultural Evidence', British Accounting Review, 32 311-338 (2000) [C1]
Citations Scopus - 22
1999 Holmes 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]
1997 Psaros J, 'Dismantling the Framework', Charter, April 87-89 (1997)
1996 Psaros 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)
1995 Psaros J, 'The Audit Litigation Crisis: A Critique', Accounting Forum, 3-12 (1995)
1994 Psaros J, 'The Going Concern Audit Opinion: Australian Evidence', Perspectives on Contemporary Auditing, 39-46 (1994)
1992 Psaros J, 'An Attribution Theory Analysis of the Audit Expectation Gap in Australia', Accounting Research Journal, 81-91 (1992)
1991 Psaros J, 'The Inappropriateness of Comprehensive Tax-effect Accounting for the Forestry Industry', Accounting Research Journal, 31-44 (1991)
1991 Psaros J, 'Comprehensive Tax-effect Accounting - failing to See the Wood for the Trees!', Charter, 48-52 (1991)
1990 Psaros J, 'An Empirical Study of Auditors' Perceptions on Fraud Detection', Accounting Research Journal, 3-8 (1990)
1989 Psaros J, 'Premature Signoff of Audit Programmes', Accounting Forum, 38-53 (1989)
1989 Psaros J, 'Cash and Carry On', Chartered Accountant in Australia, 23-25 (1989)
1988 Psaros J, 'Reducing the Audit Expectation Gap', Chartered Accountant in Australia, 51-54 (1988)
1987 Psaros J, 'Detection of Fraud: In Defence of the Auditor', Chartered Accountant in Australia, 43-45 (1987)
1986 Psaros J, 'Audit Reports - Does AUP 3 Provide Adequate Guidance?', Chartered Accountant in Australia, 40-43 (1986)
Show 22 more journal articles

Review (1 outputs)

Year Citation Altmetrics Link
2003 Psaros J, Seamer MJ, 'Horwath 2003 Corporate Governance Report', Horwath 2003 Corporate Governance Report (2003) [D1]
Co-authors Michael Seamer

Conference (8 outputs)

Year Citation Altmetrics Link
2011 Seamer 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
2009 Seamer 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-authors Michael Seamer
2005 Psaros 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]
2005 Psaros J, 'Do 'Substance-over-form' Accounting Standards Lead to Biased Financial Reporting?: An Australian Experiment', AFAANZ 2005 Annual Conference, Melbourne (2005) [E1]
2004 Psaros J, 'Do 'Substance-Over-Form' Accounting Standards Work? An Australian Experiment', CIBER Conference and TLC Conference Refereed Proceedings, Las Vegas, USA (2004) [E1]
2003 Psaros J, Seamer MJ, 'Australian Audit Committees - Do They Meet Best Practice Guidelines', AFAANZ 2003 Annual Conference, Brisbane (2003) [E1]
Co-authors Michael Seamer
2002 Psaros 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]
1999 Psaros 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)

Year Citation Altmetrics Link
2004 Psaros J, Seamer MJ, 'Horwath 2004 Corporate Governance Report', Horwath (NSW) Pty Ltd, 70 (2004) [R1]
Co-authors Michael Seamer
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Grants and Funding

Summary

Number of grants 18
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 body Platypus Asset Management
Project Team Doctor Paul Docherty, Professor Stephen Easton, Professor Jim Psaros, Dr Howard Chan, Professor Philip Gray
Scheme Research Grant
Role Investigator
Funding Start 2012
Funding Finish 2012
GNo G1100869
Type Of Funding Grant - Aust Non Government
Category 3AFG
UON Y

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 body Australian Learning and Teaching Council
Project Team Associate Professor Janis Bailey, Dr Erica French, Associate Professor Michael Zanko, Dr Leigh Wood, Professor Jim Psaros, Doctor Johanna Macneil
Scheme Research Grant
Role Lead
Funding Start 2010
Funding Finish 2010
GNo G1100034
Type Of Funding Other Public Sector - Commonwealth
Category 2OPC
UON Y

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 body Accounting & Finance Association of Australia and New Zealand Ltd
Project Team Doctor Bobae Choi, Doctor Doowon Lee, Professor Jim Psaros
Scheme Research Grant
Role Investigator
Funding Start 2010
Funding Finish 2010
GNo G1000971
Type Of Funding Grant - Aust Non Government
Category 3AFG
UON Y

20061 grants / $19,710

The private regulation of corporate social responsibility$19,710

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Mr Benedict Sheehy, Professor Jim Psaros
Scheme Pilot Grant
Role Investigator
Funding Start 2006
Funding Finish 2006
GNo G0186669
Type Of Funding Internal
Category INTE
UON Y

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 body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 2005
Funding Finish 2005
GNo G0185460
Type Of Funding Internal
Category INTE
UON Y

20041 grants / $2,500

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

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 2004
Funding Finish 2004
GNo G0184837
Type Of Funding Internal
Category INTE
UON Y

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 body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 2003
Funding Finish 2003
GNo G0183084
Type Of Funding Internal
Category INTE
UON Y

20011 grants / $1,684

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

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 2001
Funding Finish 2001
GNo G0180720
Type Of Funding Internal
Category INTE
UON Y

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 body University of Newcastle
Project Team Professor Jim Psaros, Ms Christine Yap
Scheme Project Grant
Role Lead
Funding Start 2000
Funding Finish 2000
GNo G0178855
Type Of Funding Internal
Category INTE
UON Y

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 body University of Newcastle
Project Team Professor Scott Holmes, Professor Jim Psaros
Scheme Project Grant
Role Investigator
Funding Start 2000
Funding Finish 2000
GNo G0178834
Type Of Funding Internal
Category INTE
UON Y

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

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 2000
Funding Finish 2000
GNo G0179773
Type Of Funding Internal
Category INTE
UON Y

19991 grants / $604

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

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 1999
Funding Finish 1999
GNo G0180479
Type Of Funding Internal
Category INTE
UON Y

19971 grants / $800

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

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 1997
Funding Finish 1997
GNo G0179547
Type Of Funding Internal
Category INTE
UON Y

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 body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 1996
Funding Finish 1996
GNo G0176538
Type Of Funding Internal
Category INTE
UON Y

19952 grants / $3,137

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

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 1995
Funding Finish 1995
GNo G0176819
Type Of Funding Internal
Category INTE
UON Y

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

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 1995
Funding Finish 1995
GNo G0175119
Type Of Funding Internal
Category INTE
UON Y

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 body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 1994
Funding Finish 1994
GNo G0174504
Type Of Funding Internal
Category INTE
UON Y

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 body University of Newcastle
Project Team Professor Jim Psaros
Scheme Travel Grant
Role Lead
Funding Start 1993
Funding Finish 1993
GNo G0174302
Type Of Funding Internal
Category INTE
UON Y
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Research Supervision

Current Supervision

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

Past Supervision

Year Research Title / Program / Supervisor Type
2015 Gender Diversity on Australian Company Boards
Accounting, Faculty of Business and Law
Principal Supervisor
2013 Corporate Governance and Management Misconduct in Thailand
Accounting, Faculty of Business and Law
Principal Supervisor
2009 Corporate Governance as a Control of Agency Conflict
Accounting, Faculty of Business and Law
Sole Supervisor
2002 An 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
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Professor Jim Psaros

Position

Conjoint Professor
Newcastle Business School
Faculty of Business and Law

Focus area

Accounting and Finance

Contact Details

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

Office

Room SRS218
Building Social Sciences
Location Callaghan
University Drive
Callaghan, NSW 2308
Australia
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