JOSEPH V. CARCELLO, Ph.D., CPA, CMA, CIA is the Ernst & Young and Business Alumni Professor in the Department of Accounting and Information Management at the University of Tennessee. He also is the cofounder and Director of Research at the University of Tennessee’s Corporate Governance Center.Dr. Carcello is the co-author of CCH's GAAP Guide and GAAS Guide, and the co-author of McGraw-Hill's Financial & Managerial Accounting and Financial Accounting textbooks. He teaches courses on financial accounting, auditing, fraud, and corporate governance.Dr. Carcello has provided consulting services for a number of public company audit committees, including the audit committee of a Fortune 50 company. Dr. Carcello also has provided consulting services on revenue recognition to the software industry, and has served the Securities and Exchange Commission and private attorneys as an expert witness. He has served as an expert in evaluating corporate governance reforms instituted as part of legal settlements of shareholder claims in federal and state courts. Dr. Carcello has provided training to a number of public and private companies on fraudulent financial reporting and on corporate governance, including Section 404 of the Sarbanes-Oxley Act and related PCAOB auditing standards, and the COSO internal control framework. Finally, he has taught continuing professional education courses for two of the Big 4 accounting firms, AICPA, Institute of Internal Auditors, The Institute of Management Accountants, and the Tennessee and Florida Societies of CPAs.