Mark C. Penno
Emeritus Professor in Accounting
Current Positions
- Emeritus Professor, Accounting
Education
- PhD in Accounting, Northwestern University
- PhD in Information Systems, Northwestern University
- MS in Business, University of Wisconsin-Madison
- BA in Philosophy, University of Wisconsin-Madison
Research Interests
- You can access my working papers on the Social Science Research Network (SSRN) at https://ssrn.com/author=85568
- Accounting Theory
Licenses & Certifications
- Chartered Global Management Accountant (CGMA), American Institute of Certified Public Accountants (AICPA), 2014
- Certified Public Accountant (CPA) Certificate, American Institute of Certified Public Accountants (AICPA), 1978
Selected Awards & Honors
- Fellow - Accounting and Economics Society, 2019
- Ray William Shearman Research Fellow - University of Iowa, 2016
- #1 Rank in Accounting Research Productivity - Issues in Accounting Education, 2012
- Meritorious Service Award for Associate Editors - Operations Research Journal, 1996
Professional Memberships
- American Institute of Certified Public Accountants, 1978
- Accounting and Economics Society, 2019
Selected Publications
- Penno, M. C. (2022). The Theory of Assurance: Balancing Costly Formal Control with Tone at the Top. Management Science. Volume 68 (1) pp. 654-668.
- Penno, M. (2021). Concepts-Based Accounting Standards. Abacus. (Forthcomin).
- Penno, M. C. (In Press). (2021). A Positive Theory of Accounting-Based Management by Exception. Journal of Management Accounting Research.
- Balakrishnan, R. & Penno, M. C. (2014). Causality in the Context of Analytical Models and Numerical Experiments. Accounting, Organizations and Society.
- Penno, M. C. (2008). Rules and Accounting: Vagueness in Conceptual Frameworks. Accounting Horizons. 22 (3) pp. 339-352.
- Penno, M. C. & Ozbilgin, M. (2008). The Assignment of Decision Rights in Formal Information Systems. Journal of Management Accounting Research. 20 pp. 83-105.
- Penno, M. C. (2005). The Contracting Value of Tainted Reports in Cost Reduction Settings. European Economic Review. 49 pp. 1979-1985.
- Penno, M. C. & Ozbilgin, M. (2005). Corporate Disclosure and Operational Strategy: Financial versus Operational Success. Management Science. 51 pp. 920-931.
- Penno, M. C., Bagnoli, M., & Watts, S. (2001). Auditing in the Presence Of Outside Sources Of Information. Journal of Accounting Research. 39 pp. 435-447.
- Penno, M. C., Bushman, R., & Indjejikian, R. (2000). Private Predecision Information, Performance Measure Congruity, and the Value of Delegation. Contemporary Accounting Research. 17 pp. 561-589.
Employment History
- Sidney G. Winter Professor of Accounting, Accounting, University of Iowa, 2020 - 2022
Editorial & Review Activities
- Referee/Reviewer, Hawaii Accounting Research Conference, 2021-22.
- Referee/Reviewer, The Accounting Review, 2021-22.
- Editor, The Accounting Review, September 2020 - January 2021.
- Referee/Reviewer, National Tax Journal, 2020-21.
- Referee/Reviewer, Journal of Accounting and Public Policy, 2020-21.
- Referee/Reviewer, Management Science, 2020-21.
- Referee/Reviewer, The Accounting Review, 2020-21.
- Editor, The Accounting Review, March 2019 - August 2019.
- Editor, The Accounting Review, July 2016 - August 2016.