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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.

Qualifications

  • PhD, University of New South Wales, 24/04/1998
  • Bachelor of Commerce, University of Newcastle, 19/04/1980
  • Master of Commerce, University of Newcastle, 13/12/1985

Research

Research keywords

  • Auditing
  • Corporate Governance
  • Financial Accounting

Research expertise

I have an active and sustained track record in research. I published 2 books, 25 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.

Languages

  • Greek

Fields of Research

CodeDescriptionPercentage
150100Accounting, Auditing And Accountability100

Memberships

Editorial Board.

  • Accounting Research Journal - Journal

Invitations

Division of Economic Studies
Macquarie University, Australia (External Reviewer - Departments.)
2006

Collaboration

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

Administrative

Administrative expertise

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

2008 to date: Chair, Faculty of Business and Law Progress and Appeals Committee

2006 to date: Director, Executive and Corporate Programs

2008 to date: Deputy Head, Faculty of Business and Law

2008 to date: Assistant Dean, Teaching and Learning

2008 to date: Assistant Dean, Community and Marketing

2008 to date: Acting Pro Vice Chancellor (various periods)

2009: Director, The University of Newcastle - Sydney

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 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

2008 to date: Chair, Faculty of Business and Law Progress and Appeals Committee

2006 to date: Director, Executive and Corporate Programs

2008 to date: Deputy Head, Faculty of Business and Law

2008 to date: Assistant Dean, Teaching and Learning

2008 to date: Assistant Dean, Community and Marketing

2008 to date: Acting Pro Vice Chancellor (various periods)

2009: Director, The University of Newcastle - Sydney

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.

Teaching

Teaching keywords

  • Auditing
  • Corporate Governance
  • Financial Accounting

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.

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Highlighted Publications

For publications that are currently unpublished or in-press, details are shown in italics.

YearCitationAltmetricsLink
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]
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]
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]
2009Psaros J, Australian Corporate Governance: A Review and Analysis of Key Issues, Pearson Education Australia, Frenchs Forest, NSW, 320 (2009) [A2]
2007Psaros J, 'Do principles-based accounting standards lead to biased financial reporting? An Australian experiment', Accounting and Finance, 47 527-550 (2007) [C1]

Publications

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

Click on a category title below to expand the list of citations for that specific category.

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]
2007Psaros J, 'Do principles-based accounting standards lead to biased financial reporting? An Australian experiment', Accounting and Finance, 47 527-550 (2007) [C1]
2007Krambia-Kapardis M, Psaros J, Solomon JF, 'Corporate governance: Rating of the EU member states guidelines', Corporate Ownership and Control, 4 160-172 (2007)
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]
2004Psaros J, Seamer MJ, 'Australian Audit Committees - Do They Meet Best Practice Guidelines', Australian Accounting Review, 14 77-85 (2004) [C1]
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]
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]
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]
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-authors: Michael Seamer

2001Psaros J, Seamer MJ, 'The Unravelling of the House of Scarfe', Charter, 4 44-47 (2001) [C3]

Co-authors: Michael Seamer

2000Psaros J, Patel C, 'Perceptions of External Auditors' Independence: Some Cross-Cultural Evidence', British Accounting Review, 32 311-338 (2000) [C1]
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, 'Comprehensive Tax-effect Accounting - failing to See the Wood for the Trees!', Charter, 48-52 (1991)
1991Psaros J, 'The Inappropriateness of Comprehensive Tax-effect Accounting for the Forestry Industry', Accounting Research Journal, 31-44 (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

Review (1 outputs)

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

Co-authors: Michael 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]
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-authors: Michael 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-authors: Michael 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

Report (1 outputs)

YearCitationAltmetricsLink
2004Psaros 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 grants18
Total funding$174,510

- Indicates that the researcher may be seeking students for this project.

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

2012 (1 grants)

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

Project Team
Doctor Paul Docherty, Professor Stephen Easton, Professor Jim Psaros, Dr Howard Chan, Professor Philip Gray
SchemeRole
Research GrantInvestigator
Total AmountFunding StartFunding Finish
$99,00020122014
GNo:G1100869

2010 (2 grants)

Capstone Courses in undergraduate business degrees: better course design, better learning activities, better assessment$18,807
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
SchemeRole
Research GrantChief Investigator
Total AmountFunding StartFunding Finish
$18,80720102012
GNo:G1100034

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

Project Team
Doctor Bobae Choi, Doctor Doowon Lee, Professor Jim Psaros
SchemeRole
Research GrantInvestigator
Total AmountFunding StartFunding Finish
$4,79320102010
GNo:G1000971

2006 (1 grants)

The private regulation of corporate social responsibility$19,710
Funding Body: University of Newcastle

Project Team
Mr Benedict Sheehy, Professor Jim Psaros
SchemeRole
Pilot GrantInvestigator
Total AmountFunding StartFunding Finish
$19,71020062007
GNo:G0186669

2005 (1 grants)

2005 Accounting & Finance Association of Australia and New Zealand Annual Conference, 2-5 July 2005$570
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$57020052005
GNo:G0185460

2004 (1 grants)

2004 Annual International Business & Economic Research Conference, 4-8 October 2004, USA$2,500
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$2,50020042004
GNo:G0184837

2003 (1 grants)

Accounting and Finance Association of Australia and New Zealand 2003 Conference, Brisbane Qld 6 - 8 July, 2003$910
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$91020032003
GNo:G0183084

2001 (1 grants)

European Accounting Association 24th Annual Conference, Greece 18-20 April 2001$1,684
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$1,68420012001
GNo:G0180720

2000 (3 grants)

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

Project Team
Professor Jim Psaros, Ms Christine Yap
SchemeRole
Project GrantChief Investigator
Total AmountFunding StartFunding Finish
$9,00020002000
GNo:G0178855

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

Project Team
Professor Scott Holmes, Professor Jim Psaros
SchemeRole
Project GrantInvestigator
Total AmountFunding StartFunding Finish
$8,00020002000
GNo:G0178834

Accounting Association of Australia and New Zealand Annual Conference, Hamilton Island 2-4 July 2000$912
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$91220002000
GNo:G0179773

1999 (1 grants)

Annual Conference of the Accounting Association of Australia and New Zealand.$604
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$60419991999
GNo:G0180479

1997 (1 grants)

9th Asian-Pacific Conference on International Accounting Issues, Bangkok, Thailand, 23-26 November 1997$800
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$80019971997
GNo:G0179547

1996 (1 grants)

8th Annual Asian-Pacific Conference on International Accounting Issues, Vancouver, Canada - 13-16 Oct 1996$1,083
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$1,08319961996
GNo:G0176538

1995 (2 grants)

Annual Conference of the European Accounting Association, UK, 10-12 May 1995$1,862
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$1,86219951995
GNo:G0176819

British Accounting Association National Conference - Winchester, UK - 23-25 March 1994$1,275
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$1,27519951995
GNo:G0175119

1994 (1 grants)

'British Accounting Assoc. National Conf., King Alfred's College, Winchester, UK, 23 - 25 March 1994$1,275
Funding Body: University of Newcastle

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$1,27519941994
GNo:G0174504

1993 (1 grants)

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

Project Team
Professor Jim Psaros
SchemeRole
Travel GrantChief Investigator
Total AmountFunding StartFunding Finish
$1,72519931993
GNo:G0174302
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Research Supervision

Number of current supervisions7
Total current UoN PhD EFTSL2.17

For supervisions undertaken at an institution other that the University of Newcastle, the institution name is listed below the program name.

Current Supervision

CommencedProposed
Completion
ProgramSupervisor TypeResearch Title
20142018PhD (Accounting & Finance)Principal SupervisorCorporate Governance Disclosure and Its Impacts on the Financial Performance of Listed Companies in Saudi Arabia.
20142018PhD (Accounting & Finance)Co-SupervisorCorporate Governance and the Timeliness and Quality of Corporate Internet Disclosures
20132021PhD (Accounting & Finance)Co-SupervisorNet Share Issuance and Asset Pricing: An Australian Study
20132020PhD (Accounting & Finance)Co-SupervisorProfessional Accounting Labour Market: Accounting for Recruitment Decisions
20132021PhD (Accounting & Finance)Principal SupervisorCorporate Governance and Corporate Social Responsibility Disclosure: A Comparative Study on the Australian and Singaporean Financial Services Sector
20122020PhD (Accounting & Finance)Co-SupervisorCorporate Share Float Pricing, Information Asymmetries, Corporate Governance Signalling and Associated Issues
20112015PhD (Accounting & Finance)Principal SupervisorGender Diversity on Australian Corporate Boards

Past Supervision

YearProgramSupervisor TypeResearch Title
2013PhD (Accounting & Finance)Principal SupervisorCorporate Governance and Management Misconduct in Thailand
2009PhD (Accounting & Finance)Sole SupervisorCorporate Governance as a Control of Agency Conflict
PhD (Commerce)Co-SupervisorAn Examination of the Influence of Accounting Authority Structures on the Disclosure and Accounting Treatment of Goodwill
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Professor Jim Psaros

Work Phone(02) 4921 5048
Fax(02) 4921 6911
Email
PositionDeputy Head of Faculty
Newcastle Business School
Faculty of Business and Law
The University of Newcastle, Australia
Focus AreaAccounting and Finance
Office
SRS218,
Social Sciences,
Callaghan
University Drive
Callaghan NSW 2308
Australia
URL:www.newcastle.edu.au/profile/jim-psaros