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Jeff Johanns - The University of Texas at Austin, McCombs School of Business. Austin, TX, US

Jeff Johanns

Lecturer, Department of Accounting | The University of Texas at Austin, McCombs School of Business

Austin, TX, United-States

Former PricewaterhouseCoopers partner with more than 30 years in public accounting

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Areas of Expertise (3)

Corporate Governance Accounting Auditing Standards

Biography

Jeffrey Johanns joined the McCombs School of Business as an accounting lecturer in 2012 after working for more than three decades in public accounting and private industry as a PWC partner and U.S. assurance risk management leader. He is a CPA licensed in the state of Texas, and his past clients have ranged in size from Fortune 500 public companies to private start-ups.

He teaches auditing, financial statement analysis, and managerial accounting and writes regularly for Texas Enterprise and LinkedIn.

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Education (1)

University of Illinois at Urbana Champaign: B.Sc., Accountancy 1977

Media Appearances (6)

New Accounting Rule Could Shock Balance Sheets

Texas Enterprise | Big Ideas in Business  online

2015-08-05

Imagine waking up tomorrow and finding out that you’re deeper in debt than you thought you were. That’s a prospect that many American corporations could face when a new accounting rule is finalized as soon as this fall, according to two faculty members at the McCombs School of Business.

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10 Questions Shareholders Should Ask at Annual Meetings (Sorry CFOs)

Texas Enterprise | Big Ideas in Business  online

2015-04-02

It’s once again “proxy season,” which means it’s time for annual shareholder meetings. If shareholders have the courage to ask these questions, they might actually learn something meaningful about the company and turn the annual shareholders meeting into a useful investment of time.

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My Advice to the PCAOB: Input on the 2015 Agenda

Texas Enterprise | Big Ideas in Business  online

2015-03-17

The Public Company Accounting Oversight Board (PCAOB) has declined my offer of voluntary service in 2015. I have been informed I won’t be needed on the regulator’s Standing Advisory Group (SAG) this year either. Nevertheless, because I remain committed to the PCAOB’s mission of improving audit quality, I respectfully offer my advice to the new SAG as its members begin their important work.

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Audit Committees and SARBOX: Can They Do Better?

LinkedIn Pulse  online

2015-02-20

It’s common knowledge that improving corporate governance was one of the principal goals of the Sarbanes-Oxley Act of 2002 (SARBOX). Thirteen years later, it’s time to step back and examine whether today’s audit committees are functioning at the highest spirit of SARBOX’s ambitions...

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How 4 Key Stakeholders Must Change to Ensure Sustainable Audit Quality

LinkedIn Pulse  online

2014-11-10

The pursuit of audit quality continues. And it should. The audit function is critical to investors’ confidence in the capital markets. Across the spectrum of stakeholders, there’s no shortage of debate and input on the best approach to audit quality. The process of continuous improvement, however, must start from a sustainable framework in which the fundamental responsibilities of each key participant are clearly defined and accepted—and all participants understand the parameters of their respective role...

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Audit Deficiency or Audit Failure? Let's Be Clear

LinkedIn Pulse  online

2014-10-19

I just read another article about audit quality that includes this quote from the PCAOB chief auditor (the quote was originally published in The Wall Street Journal): “When we look at an audit, the rate of failure has been in the range of around 35 to 40 percent.” What, exactly, does this mean? It depends on your point of view—and your purpose in using the term failure...

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