Lubin School of Business
Goldstein Academic Center
EdD , Columbia University , New York, NY , 1993
BBA , Pace University , Pleasantville, NY , 1978
MBA , Pace University , Pleasantville, NY , 1978
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
Chan, K., Farrell, B., Healy, P. & Wong, A.
Law and Reporting Compliance Confidence.
Journal of Accounting, Ethics & Public Policy.
, pages 1003-1018.
Chan, K., Farrell, B., Healy, P. & Wong, A. Shareholder Rights and Legal Enforcement.
American Journal of Business Research.
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.
, pages 227-232.
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.
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
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.
Grants, Contracts and Sponsored Research
Farrell, B., Healy, P. & Chan, K.
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)
Distinguished Professor Committee [Committee Member]
Desc: Dosier of eligible candidates who have nominated themselves for the committee are submitted. each committee member reviews the dossier and meet to determine who is selected that year
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
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
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
Westchester Faculty Council Curriculum Committee
Desc: All changes and new curriculum come through this committee for approval
Project Pleasantville Subcommittee
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
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
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