Lili Sun
University of North Texas
Accounting
(940) 565-3077
Email:

Education

PhD, University of Kansas, 2004.
Major: Business
Degree Specialization: Accounting and Information Systems
Dissertation Title: Three Essays on Audit Risk Assessment
BA, Peking University, 1998.
Major: Accounting and Finance

Teaching

Teaching Experience

University of North Texas
ACCT 3120, Intermediate Accounting II, 28 courses.
ACCT 3996, Honors College Mentored Research Experience, 1 course.
ACCT 5110, Fundamentals of Accounting Research, 31 courses.
ACCT 5760, Accountin, Business Analysis, and Valuation, 1 course.
ACCT 6010, Seminar on Advanced Topics in Accounting Research, 10 courses.
ACCT 6900, Special Problems, 2 courses.
ACCT 6940, Individual Research, 8 courses.
ACCT 6950, Doctoral Dissertation, 21 courses.

Directed Student Learning

Dissertation Committee Co-Chair, Accounting. (September 1, 2023 – Present).

Dissertation Committee Member, Accounting. (September 1, 2022 – Present).

Dissertation Committee Chair, Accounting. (September 1, 2022 – May 31, 2024).

Dissertation Committee Co-Chair, Accounting. (2021 – December 2023).

Dissertation Committee Co-Chair, Accounting. (2021 – May 31, 2023).

Dissertation Committee Co-Chair, Accounting. (2020 – 2021).

Dissertation Committee Member, Finance, Insurance, Real Estate and Law. (2020 – 2021).

Dissertation Committee Member, Accounting. (2019 – 2020).

Dissertation Committee Member, Accounting. (2019 – 2020).

Dissertation Committee Chair, Accounting. (2018 – 2020).

Dissertation Committee Chair, Accounting. (2018 – 2019).

Dissertation Committee Co-Chair, Accounting. (2017 – 2019).

Dissertation Committee Member, Accounting. (2017 – 2018).

Dissertation Committee Member, Accounting. (2017).

Dissertation Committee Chair, Accounting. (2014).

Awards and Honors

Outstanding Undergraduate Accounting Faculty, Beta Alpha Phi. (December 2023 – Present).

Research

Published Intellectual Contributions

Journal Article
Li, X., Sun, L. (2023). 2. High-Quality Auditor Presence and Informational Influence: Evidence from Investment Decisions of Firms Audited by Other Auditors. Auditing: A Journal Of Practice And Theory.
Fung, S., Raman, K., Sun, L., Xu, L. (2023). Clawback Adoptions, Actual Improvement in Financial Reporting Quality, and Management Earnings Forecasts. European Accounting Review. 39(1), .
Feng, M., Li, C., Raghunandan, K., Sun, L. (2022). Restating Internal Control Reports Following Financial Statement Restatements: Determinants and Consequences. Contemporary Accounting Research. 39(1), .
Ettredge, M., Sherwood, M., Sun, L. (2020). Office-Client Balance and Metro Audit Market Competition. Auditing: A Journal Of Practice And Theory. 39(4), 113-141.
Li, C., Raman, K., Sun, L., Yang, R. (2019). Does the 404 Audit Increase the Effectiveness of Additional Substantive Procedures for Clients with Ineffective ICFR?. Review of Quantitative Finance and Accounting.
Aghazadeh, S., Wang, Q., Sun, L., Yang, R. (2018). Investors’ Perception of CEO Overconfidence: Evidence from the Cost of Equity Capital. Review of Quantitative Finance and Accounting.
Ettredge, M., Sherwood, M., Sun, L. (2018). Effects of SOX 404(b) Implementation on Audit Fees by SEC Filer Size Category. Journal of Accounting and Public Policy. 37(1), 21-38.
Wu, D., Sun, L., Li, C., Raman, K. (2017). 1. The Effect of Ambiguity in an Auditing Standard on Auditor Independence: Evidence from Nonaudit Fees and SOX 404 Opinions. 13(1), 37-51. Hong Kong: Journal of Contemporary Accounting & Economics. http://www.sciencedirect.com/science/article/pii/S1815566917300073
Li, D., Ettredge, M., Sun, L. 2. Auditor Selection Following Auditor Turnover: Do Peers' Choices Matter?. Accounting, Organizations & Society. (57), 73-87.
Fung, S., Raman, K., Sun, L., Xu, L. (2015). Insider Sales and the Effectiveness of Clawback Adoptions in Mitigating Fraud Risk. Journal of Accounting and Public Policy.
Wu, D., Sun, L., Li, C., Raman, K. (2015). 2. The SOX 404 Internal Control Audit: Key Regulatory Events. Research in Accounting Regulation. 27(2), 160-164. Cleveland, Ohio: Case Western Reserve University. http://www.sciencedirect.com/science/article/pii/S1052045715000351
Gordon, E., Henry, E., Li, D., Sun, L. (2014). Management Guidance Pre- and Post- Restatement. Journal of Business Finance & Accounting.
Adeleye, T., Huang, M., Huang, Z., Sun, L. (2013). Predicting Loss for Large Construction Companies. Journal of Construction Engineering and Management. 139(9), 1224-1236.
Adeleye, T., Huang, M., Sun, L., Huang, Z. (2013). Predicting loss for large construction companies. Journal of Construction Engineering and Management. 139(9), 1224-1236. ASCE.
Gordon, E., Henry, E., Peytcheva, M., Sun, L. (2013). Discretionary Disclosure and the Market Reaction to Restatements. Review of Quantitative Finance and Accounting. 41(1), 75-110.
Krishnan, G., Sun, L., Wang, Q., Yang, R. (2013). Accruals Quality, Audit Fees, and Auditor Resignations. Auditing: A Journal Of Practice And Theory. 32(2), 147-169.
Alexander, R., Ettredge, M., Stone, M., Sun, L. (2011). Are mandatory disclosure decisions made strategically? The case of SAB 74 estimates preceding adoption of FIN 48. Research in Accounting Regulation. 23, 160-166.
Wang, Q., Ettredge, M., Huang, Y., Sun, L. (2011). Strategic Revelation of Differences in Segment Earnings Growth. Journal of Accounting and Public Policy. 30, 383-392.
Li, C., Sun, L., Ettredge, M. (2010). Financial Executive Quality, Financial Executive Turnover and Adverse SOX 404 Opinions. Journal of Accounting and Economics.
Ettredge, M. L., Scholz, S., Smith, K. R., Sun, L. (2010). How do Misstatements Begin? Evidence of Biased Financial Reporting Preceding Misstatements. Journal of Business Finance & Accounting.
Lee, C., Cai, B., Sun, L. (2009). The Impact of Auditors' Opinions, Macroeconomic and Industry Factors on Financial Distress Prediction: An Empirical Investigation. Review of Pacific Basin Financial Markets and Policies.
Mock, T. J., Sun, L., Srivastava, R. P., Vasarhelyi, M. (2009). An evidential reasoning approach to Sarbanes-Oxley mandated internal control risk assessment. International Journal of Accounting Information Systems.
Sun, L., Ettredge, M., Lee, P., Anandarajan, A. (2008). Is Earnings Fraud Associated With High Deferred Tax and/or Book Minus Tax Levels?. Auditing: A Journal Of Practice And Theory.
Sun, L., Shenoy, P. (2007). Using Bayesian Networks for Bankruptcy Prediction: Some Methodological Issues. European Journal of Operational Research. 180(2, 16), 738-753.
Sun, L. (2007). A Re-Evaluation of Auditors' Opinions Versus Statistical Models in Bankruptcy Prediction. Review of Quantitative Finance and Accounting. 28(1), 55-78.
Sun, L., Ettredge, M., Li, C. (2006). The Impact of SOX Section 404 Internal Control Quality Assessment on Audit Delay in the SOX Era. Auditing: A Journal Of Practice And Theory. 25(2), 1-23.
Sun, L., Srivastava, R., Mock, T. (2006). Risk Analysis of Information Systems Security: An Evidential Reasoning Approach. Journal of Management Information Systems. 22(3), 109-142.

Presentations Given

Oral Presentation

Guo, F. (Author), Kaplan, S. (Author), Sun, L. (Author), Wang, Q. (Author & Presenter), 2022 AAA Auditing Section Midyear Meeting, Looking Beyond Accounting: The Effect of Clients' Operating Lawsuits on Audit Fees and Audit Quality, Las Vegas, Nevada, United States of America. (2022).

Guo, F. (Author & Presenter), Kaplan, S. (Author), Sun, L. (Author), Wang, Q. (Author), 2022 AAA FARS Section Midyear Meeting, Looking Beyond Accounting: The Effect of Clients' Operating Lawsuits on Audit Fees and Audit Quality, United States of America. (2022).

Li, C. (Author), Stack, K. (Author & Presenter), Sun, L. (Author), Xu, J. (Author), AAA FARS Section Midyear Virtual Meeting, Enterprise Risk Management and Management Earnings Forecasts, United States of America. (2021).

Nie, D. (Author), Seetharaman, A. (Author), Sun, L. (Author & Presenter), Wang, F. (Author), the 43rd Annual Congress of the European Accounting Association, Non-GAAP Reporting and Internal Control over Financial Reporting, European Accounting Association, Virtual, United States of America. (2021 – 2021).

Ettredge, M. (Author), Li, D. (Author), Liang, Q. (Author), Sun, L. (Author & Presenter), AAA Auditing Section Midyear Meeting, Do Clients Reward or Punish Audit Offices for Issuing Going Concern Modified Opinions?, United States of America. (2020).

Eastman, E. (Author & Presenter), Li, C. (Author), Sun, L. (Author & Presenter), Xu, J. (Author), AAA Auditing Section Midyear Meeting, Enterprise Risk Management and Financial Misconduct, United States of America. (2020).

Guo, F. (Author), Sun, L. (Author & Presenter), Wang, Q. (Author), AAA Virtual Annual Meeting, Do Auditors Look beyond Accounting? Evidence from Clients' Operating Lawsuits, United States of America. (2020).

Ettredge, M. (Author), Li, D. (Author), Liang, Q. (Author), Sun, L. (Author & Presenter), AAA Virtual Annual Meeting, Do Clients Reward or Punish Audit Offices for Issuing Going Concern Modified Opinions?, United States of America. (2020).

Le, L. (Author), Sun, L. (Author & Presenter), Yang, R. (Author), AAA Virtual Annual Meeting, 2020, Are Two Heads Better than One? The Determinants and Consequences of Having a Chief Operating Officer, United States of America. (2020).

Nie, D. (Author & Presenter), Skantz, T. (Author), Sun, L. (Author), Can CEO Overconfidence and CEO Equity Incentives Predict Fraud beyond F-Score, AAA Annual Conference, Washington, D. C., United States of America. (2018).

Fung, S. (Author), Raman, K. (Author), Sun, L. (Author & Presenter), Xu, L. (Author), The Effect of Clawback Adoptions on Management Earnings Forecasts, AAA Annual Conference, Washington, D. C., United States of America. (2018).

Li, X. (Author), Sun, L. (Author & Presenter), Big N Auditor Concentration and Investment Decisions, AAA Auditing Midyear, Portland, OR, United States of America. (2018).

Ettredge, M. (Author), Sherwood, M. (Author & Presenter), Sun, L. (Author), Metro Area Office-Client Balance and Audit Market Outcomes, International Symposium on Audit Research, Sydney, Australia, Australia. (2017).

Runyan, B. W. (Presenter), Sun, L. (Presenter), First Annual Community College Accounting Conference, Unprincipled Principles: Diversity and Convergence in the Present of Financial Accounting Principles Textbooks Use by North Texas Colleges, University of North Texas, United States of America. (2017).

Chen, S. (Author), Li, Z. (Author & Presenter), Sun, L. (Author), AAA 2016 International Accounting Section Midyear Meeting, The Effect of the Big 4 and Non-Big 4 Audit Market Concentration on Audit Quality: Evidence from China Metro Audit Market, New Orleans, Louisiana, United States of America. (2016).

Chan, L. (Author), Raman, K. (Author & Presenter), Sun, L. (Author), Wu, D. (Author), Journal of Contemporary Accounting and Economics Symposium, The Effect of Ambiguity in an Auditing Standard on Auditor Independence: Evidence from Nonaudit Fees and SOX 404 Opinions, Journal of Contemporary Accounting and Economics Symposium, Bangkok, Thailand, Thailand. (2016 – 2016).

Paper

Ettredge, M. (Author), Hossain, M. (Author), Sun, L. (Author & Presenter), Wang, K. (Author), 2023 CAAA Annual Conference, Determinants and Consequences of Initial COVID-related MD&A Disclosures, Quebec City, Canada, Canada. (2023 – 2023).

Ettredge, M. (Author), Hossain, M. (Author), Sun, L. (Author & Presenter), Wang, K. (Author), 2023 JCAE Annual Symposium and Doctoral Consortium, Determinants and Consequences of Initial COVID-related MD&A Disclosures, United States of America. (2023 – 2023).

Seetharaman, A. (Author), Sun, L. (Author & Presenter), Nie, D. (Author), American Accounting Association Annual Meeting, Non-GAAP Reporting and Internal Control over Financial Reporting, American Accounting Association, San Francisco, United States of America. (2019 – 2019).

Poster

Ettredge, M. (Author), Sherwood, M. (Author & Presenter), Sun, L. (Author & Presenter), 2016 AAA Annual Conference, Metro Audit Market Competition, Audit Fees and Audit Qualitye, New York, NY, United States of America. (2016).

Contracts, Grants and Sponsored Research

Grant - Research
Sun, L., "The College of Business PDI Fellowship Award," Funded. (2012 – 2012).
Sun, L., "Junior Faculty Summer Research Fellowship," $5000 Funded. (2010 – 2010).
Sun, L., "International Association for Accounting Education and Research, KPMG LLP, and the KPMG Foundation," $24000 Funded. (2009 – 2009).
Sun, L., "University of North Texas Research Enabling Grant Program (REG)," $5000 Funded. (2008 – 2008).

Awards and Honors

the 5th International Conference on Enterprise Systems, Accounting and Logistics. (2008).

Service

University Service

Other, Doctoral Program. (2018 – Present).

Other, Doctoral Program Committee. (2018 – Present).

Member, Reappointment, Promotion, and Tenure committee. (September 2011 – Present).

Committee Member, International Committee. (September 1, 2012 – April 1, 2022).

Member, Accounting Department’s Personnel Affairs Committee. (2015 – 2021).

Member, The Provost's China Advisory Council Member. (2013 – 2021).

Chairperson, Reappointment, Promotion, and Tenure committee. (September 2019 – 2020).

Member, COB Reappointment, Promotion, and Tenure committee. (September 2018 – September 2019).

Member, Doctoral Program. (2014 – August 2018).

Task Force Chair, Financial Accounting Task Force. (2016 – 2017).

Committee Member, International Committee. (September 1, 2013 – August 31, 2015).

2014 AAA International Accounting Section Midyear Meeting. (2014 – 2014).

Accounting's COBA International Committee Representative. (2014 – 2014).

Committee Chair, International Committee. (September 1, 2012 – August 31, 2013).

Committee Member, Library Committee. (September 1, 2008 – August 31, 2012).

Performance evaluation update task force. (2009 – 2009).

Professional Service

Reviewer, Journal Article, The Accounting Review. (2020 – Present).

Editorial Review Board Member, Journal of Information Systems. (2016 – Present).

Reviewer, Journal Article, Accounting Horizons. (2014 – Present).

Reviewer, Ad Hoc Reviewer, Auditing: A Journal of Practice & Theory. (2014 – Present).

Reviewer, Ad Hoc Reviewer, Contemporary Accounting Research. (2014 – Present).

Reviewer, Grant Proposal, Hong Kong Research Grant Council. (2013 – Present).

Editor, Associate Editor, Review of Pacific Basin Financial Markets and Policies. (2011 – Present).

Reviewer, Ad Hoc Reviewer, Review of Quantitative Finance & Accounting. (2009 – 2019).

Reviewer, Ad Hoc Reviewer, Research in Accounting Regulation. (2016 – 2016).

Committee Member, AAA Audit Section Membership & Regional Coordinator Committee: Southwest Region Coordinator. (2012 – 2016).

Reviewer, Ad Hoc Reviewer, Journal of Information Systems. (2014 – 2014).

Other, Moderator, 2014 Southwest Regional Meeting, Dallas, TX.. (2014 – 2014).

Other, Cleveland State University. (2013 – 2013).

Reviewer, Ad Hoc Reviewer, Journal of Information Systems. (2013 – 2013).

Reviewer, Ad Hoc Reviewer, Journal of Accounting and Public Policy. (2012 – 2012).

Reviewer, Ad Hoc Reviewer, Journal of Business Finance and Accounting. (2012 – 2012).

Reviewer, Ad Hoc Reviewer, Contemporary Accounting Research. (2011 – 2011).

Reviewer, Ad Hoc Reviewer, Research in Accounting Regulation. (2011 – 2011).

Reviewer, Journal Article, European Journal of Operational Research. (2010 – 2010).

Reviewer, Journal Article, Lehigh University's Inaugural Conference on Financial Reporting, Auditing and Governance. (2010 – 2010).

Reviewer, Journal Article, AAA Midyear Meeting. (2009 – 2010).

Reviewer, Journal Article, Auditing: A Journal of Practice and Theory. (2009 – 2010).

Reviewer, Journal Article, Auditing: A Journal of Practice and Theory. (2008 – 2008).

Reviewer, Journal Article, Review of Quantitative Finance & Accounting. (2008 – 2008).

Reviewer, Journal Article, The Accounting Review. (2008 – 2008).

Reviewer, Journal Article, International Journal Of Accounting Information Systems. (2007 – 2007).

Reviewer, Journal Article, International Journal of Electronic Commerce. (2007 – 2007).

Reviewer, Journal Article, Journal of Emerging Technology in Accounting. (2007 – 2007).

Reviewer, Journal Article, Research in Accounting Regulation. (2007 – 2007).

Reviewer, Journal Article, Review of Quantitative Finance & Accounting. (2007 – 2007).

Reviewer, Journal Article, Journal of Emerging Technology in Accounting. (2006 – 2006).

Reviewer, Journal Article, Review of Quantitative Finance & Accounting. (2006 – 2006).