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Mark Penno
Ray William Shearman Research Fellow
W324 Pappajohn Business Building (PBB)
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
Accounting Theory
#1 Rank in Accounting Research Productivity for the PhD class of 1983, ISSUES IN ACCOUNTING EDUCATION (2012),
Accounting Horizons — Best Paper Award (announced 2009), American Accounting Association,
Ray William Shearman Research Fellow,
Meritorious Service Award, OPERATIONS RESEARCH (the Academic Journal), 1996
Selected publications 

Causality in the Context of Analytical Models and Numerical Experiments. Ramji Balakrishnan, Mark C. Penno, Accounting, Organization and Society, 2014, Accounting, Organizations and Society, 2014

The Assignment of Decision Rights in Formal Information Systems.. Mark C. Penno, Mehmet Ozbilgin, Journal Of Management Accounting Research, 2008, vol 20, 83-105

Rules and Accounting: Vagueness in Conceptual Frameworks. Mark C. Penno, Accounting Horizons, 2008, vol 22, 339-352

The Contracting Value of Tainted Reports in Cost Reduction Settings. Mark C. Penno, European Economic Review, 2005, vol 49, 1979-1985

Corporate Disclosure and Operational Strategy: Financial versus Operational Success. Mark C. Penno, Mehmet Ozbilgin, Management Science, 2005, vol 51, 920-931

Auditing in the Presence Of Outside Sources Of Information. Mark C. Penno, Mark Bagnoli, Susan Watts, Journal of Accounting Research, 2001, vol 39, 435-447

Private Predecision Information, Performance Measure Congruity, and the Value of Delegation. Mark C. Penno, Robert Bushman, Raffi Indjejikian, Contemporary Accounting Research, 2000, vol 17, 561-589

Information Quality and Voluntary Disclosure. Mark C. Penno, The Accounting Review, 1997, vol 72, 275-284

The Concentration of Local Markets: A Study of Accounting, Advertising, and Law. Mark C. Penno, Beverly R. Walther, Accounting Horizons, 1996, vol 10, 88-99

Unobservable Precision Choices in Financial Reporting. Mark C. Penno, Journal of Accounting Research, Spring, 1996, vol 34, 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, 1995, vol 70, 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, 1991, vol 29, 194-212

Accounting Systems, Participation in Budgeting, and Performance Evaluation. Mark C. Penno, Accounting Review, 1990, vol 65, 303-314

Auditing for Performance Evaluation. Mark C. Penno, The Accounting Review, 1990, vol 65, 520-536

A Note on the Value of Information Given Asymmetric Information and Self-Reporting. Mark C. Penno, Contemporary Accounting Research, 1987, vol 3, 368-374

Accounting Choices: Public Versus Private Firms. Mark C. Penno, Daniel T. Simon, Journal of Business Finance and Accounting, 1986, vol 13, 561-569

Informational Issues in the Financial Reporting Process. Mark C. Penno, Journal of Accounting Research, 1985, vol 23, 240-255

Asymmetry of Pre-decision Information and Managerial Accounting. Mark C. Penno, Journal of Accounting Research, 1984, vol 22, 177-191

Current and prior positions 
Professor, University of Iowa, 2004 - Present
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 
MBA Committee, 2012 - Current
Chair Accounting Department Faculty Recruiting Committee, 2006 - Current
Ph.D. Committee -- Accounting, 2004 - Current
Dean's Advisory Council, 2015
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 
Chartered Global Management Accountant, American Institute of Certified Public Accountants/Chartered Institute of Management Accountants. Since, 2014
Member: American Institute of Certified Public Accountants, American Institute of Certified Public Accountants. Since, 1978
Passed CPA Exam , 1978