Our Faculty

Barbara Farrell

Professor
Director

Lubin School of Business

Accounting

Location
  • @Westchester
    Goldstein Academic Center
Office Hours
Pleasantville

Education


EdD , Columbia University , New York, NY , 1993
Educational Administration

BBA , Pace University , Pleasantville, NY , 1978
Accounting

MBA , Pace University , Pleasantville, NY , 1978
Accounting

Awards and Honors

  • Lubin School of Business, September 2014 - Outstanding Service
  • Lubin School of Business, May 2013 - Outstanding Teaching
  • Lubin School of Business, November 2012 - Outstanding Service
  • Kenan Award for Teaching Excellence, 2011
  • Pace University - University Award for Distinguished Service, 2008
  • Pace University, 2004

LICENSURES & CERTIFICATES

  • - CPA

Publications


Chan, K., Farrell, B., Healy, P. & Wong, A. Shareholder Rights and Legal Enforcement.

Chan, K., Farrell, B. & Wong, A. (2015, August). Investor Protection and Legal Efficiency.

Chan, K., Farrell, B. & Healy, P. (2014, January (1st Quarter/Winter)). Audit Firm Rotation – Concerns And Considerations. Journal of Applied Business Research. Vol 30 (Issue 1) , pages 227-232.

Hale, N., Hunter, A., Mayadas, F., Sachs, D. & Farrell, B. (2012). An Exploratoin of Workforce Trends in Developing and Delivering Blended and Online Education.

Farrell, B., Hale, N. & Sachs, D. An Ethnographic Pilot Study Exploring the Future ELearning. Journal of Asynchronous Learning Networks.

Farrell, B. R., Healy, P., Chan, K. & Lee, P. Audit fee savings and shareholders' wealth. Accounting and Business Review.

Farrell, B. R., Chan, K. & Lee, P. 2007 - Chan, Kam, Barbara Farrell, and Picheng Lee, Timeliness of accounting restatements.. Journal of Accountancy.

Chan, K., Farrell, B. & Lee, P. Impact of Sarbanes Oxley Section 404 Internal Control Reports 2.

Farrell, B. R., Sachs, D. & Hale, N. Witnessing Growth & Providing Sustainable Support for an Online Program.

Chan, K., Farrell, B. & Lee, P. Earnings Management and Return-Earnings Association of Firms Reporting Material Internal Control Weaknesses Under Section 404 of the Sarbanes-Oxley Act,. Auditor's Report.

Chan, K. R., Farrell, B. & Lee, P. How did firms change their internal controls after reporting material internal control weaknesses under SOX 404?. .

Farrell, B. R. Student Success on CPA exam and AACSB Accreditation. Journal of Accountancy.

PRESENTATIONS


Farrell, B. & Hale, N. Pace University Best Practices Conference. Ways to Engage Students in Online Webinars for Recruitment and Retention. Pace University, Pleasantville

Chan, K., Farrell, B. & Wong, A. (2015, August 13). 2015 International Conference. Investor Protection and Legal Efficiency. Business and Applied Sciences Academy of North America, Newman Conference Center, Baruch College

Farrell, B. (2014, October 29). Online Learning International Conference. Featured Presentation - Blending Corporate Education and Online learning. Sloan-C, Orlando

Farrell, B., Hale, N. & Sachs, D. (2013, November 20). ALN - International meeting. ALN Corporate SIG session. SLOAN C, Orlando, FL

Farrell, B. & Hale, N. (2013, March). Pace University Best Practices Conference. Using POLLEVERYWHERE to engage students in online classes. Pace University, Pleasantville

Hale, N., Hunter, A., Mayadas, F., Sachs, D. & Farrell, B. (2012). An Exploratoin of Workforce Trends in Developing and Delivering Blended and Online Education. SloanC Blended learning Conference, Milwakee, Wisconsin

Farrell, B., Sachs, D. & Hale, N. (2012, October). Sloan-C conference (Orlando): Featured Session presenter . How the Other Half Learns: Innovative Trends in Corporate Online Learning. Sloan-C conference (Orlando), Orlando FL

Hale, N., Hunter, A., Mayadas, F., Farrell, B. & Sachs, D. (2012, April). 9th Annual 2012 Sloan-C Blended Learning Conference and Workshop: Perfecting the Blend. An Ethnographic Study Exploring Workforce Trends in Developing and Delivering Blended and Online Education.

Farrell, B. & Hale, N. (2012, February). Pace University - Best Practices Conference. IPace: Addressing the Needs of the Adult Learner. Pace, New York

Farrell, B., Hale, N. & Sachs, D. (2012, February). Pace University - Best Practices Conference. Top Online School Ranking – US News and World Report. Pace, New York

Grants, Contracts and Sponsored Research

Farrell, B., Healy, P. & Chan, K. (2012, September). Audit Firm Rotation - Costs and Concerns.
Pace , Pace University , $1,250.00 . Funded,In today's business climate, audited financial statements are a necessity. There is no question that due to the many frauds that have transpired, faith in corporate governance and reporting has deteriorated. Through the audited financial statements, investors expect accurate reporting, reliable systems of internal controls, and clear management oversight. Investors expect management of the business, boards of directors, internal and external auditors, and investment advisors to fulfill their legal and ethical responsibilities to rebuild trust. On July 30, 2002, the Sarbanes-Oxley Act was signed into law and introduced legislative changes to financial practice and corporate governance regulation. It introduced stringent new rules with the stated objective: "to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws".(SOX) Although there has been criticism of SOX concerning costs and difficulty in compliance with section 404, there have also been benefits of the legislation. SOX allowed businesses to standardize systems, reduce risks, and improve efficiency thereby reducing costs. On this issue of auditor rotation, the initial compromise in the 2002 SOX legislation was for lead audit partners to rotate off an account after five consecutive fiscal years. However, when working with large corporations, there are many partners that work on the audits. Auditor rotation centers around two issues: Will having a new auditor provide more effective audits by allowing for a new pair of eyes auditing the financial statements or will there be a significant cost increase in time expended to get the auditor up to speed that the cost will outweigh the benefit? The GAO 2003 report, “Required Study on the Potential Effects of Mandatory Audit Firm Rotation” estimated that the switch to mandatory auditor rotation could add 20% to audit fees in the initial year (GAO, 27). The overall conclusions from that study of the costs and benefits of auditor rotation were: We believe that mandatory audit firm rotation may not be the most efficient way to enhance auditor independence and audit quality, considering the costs of changing the auditor of record and the loss of auditor knowledge that is not carried forward to the new auditor. We also believe that the potential benefits of mandatory audit firm rotation are harder to predict and quantify while we are fairly certain there will be additional costs. In that respect, mandatory audit firm rotation is not a panacea that totally removes pressures on the auditor in appropriately resolving financial reporting issues that may materially affect the public companies' financial statements. (GAO, 50)

PROFESSIONAL MEMBERSHIPS

  • AICPA
  • NYSSCPA

COLLEGE SERVICE

  • WFC Curriculum Committee [Committee Chair]
    Desc: All new and changes to curricula must go through the CC. I organize monthly meetings and make monthly presentations to the WFC
    Committee's Key Accomplishments: All changes and new curricula carefully reviewed by the committee
  • Pleasantville 3rd annual reunion [Committee Member]
    Desc: Responsibilities include reaching out to alumni, asking alums to attend, send out emails, attend annual reunion, interface with alumni
    Committee's Key Accomplishments: Growing number of contributions by alums
  • Lubin Professional Experience [Committee Member]
    Desc: The Lubin PLV Professional Experience Program, including the BUS 255 course, has been approved by Neil and is presently before the Deans' Council and the Provost's office. It appears that the program will be approved. It will then be submitted as a Change of Program to the New York State Department of Education.
  • Policy Planning and Budget Committee [Other]
    Desc: As chair of both internal group and goal 5, putting together a strategic plan meant meeting with committee members to obtain feedback on goals within the strategic plan, and then meeting with strategic committee to create strategic plan
    Committee's Key Accomplishments: Strategic plan for 5 years completed
  • Corporate Education committee [Committee Member]
    Desc: The purpose of the Corporate Education Committee is to determine the viability of educational programs by Pace faculty to be offered to corporate clients
  • Chair - E&Y scholarship committee [Committee Chair]
    Desc: Responsible for organizing the annual E&Y Scholarship application process and awards ceremony. Awards of $5000 per student totaling from $70,000 - $100,000 per year
  • Middle states PRR [Faculty Advisor]
    Desc: serve as the representative of all westchester faculty to write the 5 year MS PRR
  • CDFPT [Other]
    Desc: Served on the committee to review Dosier for tenure and promotion
    Committee's Key Accomplishments: Meeting held in JAN 2014
  • 50th Anniversary of Pville Campus and first anniversary of Pville celebration [Other]
    Desc: Call alumni Email Alumni Meet with esteemed alumni Participate in the planning of event Attend anniversary meetings and celebration
    Committee's Key Accomplishments: Successful event
  • Handbook Implementation Committee [Committee Member]
    Desc: 6 member team went through the newly adopted handbook to determine areas that need to be addressed within the university and policies that need to be changed/altered
    Committee's Key Accomplishments: Committee worked all summer and completed our report to Pres Friedman by Sept
  • Advisory Board - CTLT Advisory Board Best Practices Conference - Conference Feb 2012 [Committee Member]
  • Chair - Provost Search committee [Committee Chair]
    Desc: Co-Chaired provost search committee with Toby Winer - CFO
    Committee's Key Accomplishments: Followed search through to appointment of Uday

UNIVERSITY SERVICE

  • Westchester Faculty Council Curriculum Committee [Chairperson]
    Desc: All changes and new curriculum come through this committee for approval
  • Project Pleasantville Subcommittee [Committee Member]
    Desc: Working with Bill McGrath and Bob Almon, Joe DiBenedetto and I were the financial experts charged with reviewing and making suggestions to improve the financial condition of the Pville campus
    Committee's Key Accomplishments: Presentation to both faculty councils as well as the president and provost
  • Board of Academic Federal Credit Union [Other Institutional Service Activities]
    Desc: Member of Academic Federal Credit Union board. Board meetings are monthly
  • Co-Director of iPace program - Lubin School of Business [Committee Chair]
    Desc: The iPace program is a new Bachelors completion degree in both Lubin and Seidenberg. I have been responsible for coordinating the coursework in the program, active with recruiting students, worked with faculty to develop online courses within iPace, and developed online courses within the program.
  • Pace University recruitment [Chairperson]
    Desc: Annually, I invite approx 175 college seniors to Pace for an all day COLLEGE DAY. Included are tours of Pace, college classes, presentations by professionals and college administration
    Committee's Key Accomplishments: We have increased attendance at Pace four-fold since hosting these college days
  • Robert S Pace Accounting Society [Student Org Advisor (Professional Org)]
    Desc: The Robert S Pace accounting society is a student organization designed to allow students to interface with professionals in the field of accounting. The AS has over 30 meetings and professional events per year
    Committee's Key Accomplishments: 30 professional events per year
  • Advisory Board - CTLT Advisory Board Best Practices Conference - Conference Feb 2012 [Committee Member]
    Desc: Worked with Jim Stenerson on the planning board of the best practices conference. Will also be presenting at the conference
  • CPE Program for CPA's [Other Institutional Service Activities]
    Desc: Asked by Robert Keating to be co-coordinator of CPE courses to be offered to CPA's. Courses will be offered on both campuses in conjunction with TPG seminars. In 2011 TWO seminars were videoconferenced. My responsibility is to assist in selecting the faculty, overseeing the course material preparation, coordinating the reservations for rooms and VC facilities, working with the VC staff to make sure the program runs smoothly. In 2012 a total of 27 courses are planned
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