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Mark C. Penno

Professor and Director, McGladrey Institute of Accounting Education and Research
 Soumyo Sarkar Research Fellow in Accounting
Accounting
W262A  John Pappajohn Bus Bldg
The University of Iowa, Iowa City, IA 52242-1994		 Ph: 319-335-1409
Fax: 319-335-1956
E-mail: mark-penno@uiowa.edu

Academic History

  • PhD in Accounting and Information Systems, Northwestern University, 1983
  • MS in Business, University of Wisconsin, 1977
  • BA in Philosophy, University of Wisconsin, 1973

Expertise

  • Accounting Theory

Awards

  • Accounting Horizons — Best Paper Award (announced 2009), American Accounting Association
  • Soumyo Sarkar Faculty Fellow in Accounting
  • Meritorious Service Award, Operations Research (the Academic Journal), 1996

Selected Publications

  • The Assignment of Decision Rights in Formal Information Systems. , Mark C. Penno, Mehmet Ozbilgin, Journal Of Management Accounting Research, vol 20, 2008, 83-105
  • Rules and Accounting: Vagueness in Conceptual Frameworks, Mark C. Penno, Accounting Horizons, vol 22, 2008, 339-352
  • The Contracting Value of Tainted Reports in Cost Reduction Settings, Mark C. Penno, European Economic Review, vol 49, 2005, 1979-1985
  • Corporate Disclosure and Operational Strategy: Financial versus Operational Success, Mark C. Penno, Mehmet Ozbilgin, Management Science, vol 51, 2005, 920-931
  • Auditing in the Presence Of Outside Sources Of Information, Mark C. Penno, Mark Bagnoli, Susan Watts, Journal of Accounting Research, vol 39, 2001, 435-447
  • Private Predecision Information, Performance Measure Congruity, and the Value of Delegation, Mark C. Penno, Robert Bushman, Raffi Indjejikian, Contemporary Accounting Research, vol 17, 2000, 561-589
  • Information Quality and Voluntary Disclosure, Mark C. Penno, The Accounting Review, vol 72, 1997, 275-284
  • The Concentration of Local Markets: A Study of Accounting, Advertising, and Law, Mark C. Penno, Beverly R. Walther, Accounting Horizons, vol 10, 1996, 88-99
  • Unobservable Precision Choices in Financial Reporting, Mark C. Penno, Journal of Accounting Research, Spring, vol 34, 1996, 141-150
  • Imperfect Competition in Audit Markets and its Effect on the Demand for Audit Related Services, Mark C. Penno, Frank Gigler, The Accounting Review, vol 70, 1995, 317-336
  • An Independent Auditor's Ex-Post Criteria for the Disclosure of Information, Mark C. Penno, John S. Watts, The Journal of Accounting Research, vol 29, 1991, 194-212
  • Accounting Systems, Participation in Budgeting, and Performance Evaluation, Mark C. Penno, Accounting Review, vol 65, 1990, 303-314
  • Auditing for Performance Evaluation, Mark C. Penno, The Accounting Review, vol 65, 1990, 520-536
  • A Note on the Value of Information Given Asymmetric Information and Self-Reporting, Mark C. Penno, Contemporary Accounting Research, vol 3, 1987, 368-374
  • Accounting Choices: Public Versus Private Firms, Mark C. Penno, Daniel T. Simon, Journal of Business Finance and Accounting, vol 13, 1986, 561-569
  • Informational Issues in the Financial Reporting Process, Mark C. Penno, Journal of Accounting Research, vol 23, 1985, 240-255
  • Asymmetry of Pre-decision Information and Managerial Accounting, Mark C. Penno, Journal of Accounting Research, vol 22, 1984, 177-191

          Prior Positions

          • Professor, University of Iowa, 2004
          • Associate Professor, Purdue Univeristy, 1996 - 2004
          • Departmental Visitor -- Accounting, London School Of Economics, October 2002 - December 2002
          • Associate Professor, University of Chicago, 1990 - 1996
          • Assistant Professor, University of Chicago, 1986 - 1990
          • Visiting Assistant Professor, University of Chicago, 1985 - 1986
          • Assistant Professor, Washington University, 1983 - 1985
          • Auditor, Arthur Young and Company, 1977 - 1978

                Committees and Professional Service

                • Chair Accounting Department Faculty Recruiting Committee, 2006-current
                • Ph.D. Committee -- Accounting, 2004-current
                • Promotion and tenure committee, 2007-2009
                • Elected Faculty Council (EFC) , 2006-2008
                • MBA Policy Committee , 2006-2007
                • Dean Search Committee, 2005-2006
                • Deans Advisory Council, 2004-2006

                  Licensures and Certifications

                  • Passed CPA Exam - 1978