The Deloitte Foundation, together with a team of passionate Deloitte alumni, has donated $1 million to help attract and retain high-performing educators within UConn’s prestigious accounting program.Continue Reading
Six Faculty Earn Promotions: ‘I Was Fortunate to Find Amazing Colleagues and Scholars at UConn’
Six faculty members at the School of Business have earned promotions, with several citing their colleagues as being instrumental in their success.
“We have a truly outstanding group of faculty promoted to the rank of associate and full professor,” said Lucy Gilson, Associate Dean of Faculty and Outreach. “Every one of these newly promoted faculty excels in the classroom and is committed to their students. They have all made valuable research contributions and been willing to share their business expertise both inside and outside of the classroom.” Continue Reading
Ph.D. Candidate Trent Krupa Earns Coveted Deloitte Scholarship
The Deloitte Foundation has awarded a prestigious $25,000 Doctoral Fellowship to Trent Krupa, a fourth-year accounting Ph.D. candidate.
The award is one of the most highly regarded in the accounting industry and is bestowed on just 10 accounting Ph.D. students in the nation each year. This is the first time a UConn student has received the honor.Continue Reading
Accounting Research About Small-Company Debt Resonates in Tough Economic Times
In a time of international economic crisis, like the one caused by the COVID-19 pandemic, a corporation’s debt burden can make the difference between survival and collapse. Continue Reading
Accounting Professor’s Big Focus: Preventing, Detecting Corporate Tax Loopholes
Assistant professor of accounting Frank Murphy is very familiar with the demands placed on UConn’s undergraduate accounting majors. Just 13 years ago, he was in their shoes.
After earning his bachelor’s degree in business from UConn in 2007, Murphy worked at Deloitte in Hartford for six years, performing international tax consulting for Fortune 100 clients. He also completed a masters from Bentley University, a Ph.D. from University of Arizona and became a licensed CPA.
He returned to UConn as a faculty member in 2017.
“Many of the professors who I had as an undergraduate have retired, but Dave Weber is one of the faculty members who instructed me, and someone who I now work with often,” Murphy said. “I think it’s great when professionally things come full circle.”
“What I enjoy most about my job is conducting research and having complete creative freedom to pursue topics that interest me,” he said. “I also love working with the Ph.D. students who are so driven and give 110 percent to truly becoming a scholar.”
Murphy specializes in corporate taxation, primarily focusing on international tax planning and financial reporting issues. Below he answers questions about his work.
Q: What is the business problem that you most want to address as a researcher?
A: Well, there are two. In the realm of public finance, academics are trying to work with Congress, the European Union, and other governing bodies on issues surrounding how large, multinational corporations avoid taxes. When nations write tax policies, there are always going to ambiguities in the law and unintended consequences. At this point, the general sentiment among policymakers, and the public, is that large multinational firms are not paying their fair share. What is “fair” is subjective, but as an academy we are still trying to determine how much and what types of firms are most likely to move profits offshore for tax purposes. This policy frontier is exciting for researchers like myself, and one of the focuses of my work.
Another interest of mine is how we disclose tax information. You hear, for example, people talking about Amazon and how they can’t tell whether the company pays tax or how much it pays. I’m interested in this type of tax disclosure. Anyone who has ever picked up a financial statement and tried to read the tax footnote likely thinks, ‘There must be a better way than this!’ My research helps identify how firms may want to supplement their reporting to aid financial statement users.
Q: What is on your research ‘bucket list’?
A: In the future, I’d like to have the opportunity to run some field experiments with government agencies. It would be interesting to work with state agencies to delve more deeply into their tax structure to see how it influences actions. For example, the revenue estimates for the 10¢ plastic bag tax have been far off the mark. The reason is that we did not have a strong grasp on how quickly consumers or stores would change their shopping bag practices. The goal of this research would be to further understand how taxes influence real decision making. It would be a huge time commitment, but something that would be very interesting.
Q: What advice do you offer to your students as they prepare for their careers? How much is ‘big data’ knowledge in demand?
A: Certainly any accounting student who can do computer coding or analyze statistical trends in data will be in tremendous demand in the job market right now. At the same time, that’s not our bread-and-butter. Our job is to understand the accounting field, and we ultimately aim to produce the next generation of CPAs. I think it is also important to note that our students shouldn’t have a single focus on taking classes to tackle ‘big data.’ Our world is increasingly quantitative, but there is an equally strong demand for writing and critical-thinking skills. In the accounting profession, I think those who are able to write a great email to a client are worth their weight in gold.
David Weber Named a Trustee of the American Taxation Association
David Weber, associate professor, was named a trustee of the American Taxation Association.
Ph.D. Alumna Erin Henry Honored for Outstanding Dissertation
Credits UConn Professors for Giving Her Confidence
UConn alumna Erin Henry ’14 Ph.D. recently received the American Taxation Association/PricewaterhouseCoopers Outstanding Dissertation Award for the research she completed as a UConn doctoral candidate.
Henry, who is now a professor at the University of Tennessee, submitted her dissertation work titled, “The Information Content of Tax Expense: a firm and Market-level Return Decomposition.”Continue Reading
Should Companies Eliminate Audits?
SOX 404 Research Study
Eight Outstanding School of Business Professors Earn 2015 Faculty Awards
A professor who used chocolate chip cookies to teach about quality control, three researchers who had work published in top journals, and an educator who vigorously promoted the School of Business were among the 2015 Faculty Award recipients.
“This year we honored eight outstanding faculty members for their exceptional research, teaching and leadership achievements,” said Associate Dean Sulin Ba. “The selection process was particularly difficult due to the dozens of impressive nominees. We are fortunate to have such talented, creative and remarkable colleagues.”Continue Reading