Our Faculty

Patricia Healy

Associate Professor

Lubin School of Business

Accounting

Location
  • @Westchester
    Goldstein Academic Center 219

Education


ABD , New York University (completed all course work toward the Ph.D.) , New York, NY , 1995
Business Education

MBA , Rutgers University , Newark, NJ , 1975
Public Accounting

BS , NYU , New York , 1972
Economics/Oceanography

Awards and Honors

  • Golden Key, November 2013 - Golden Key Faculty Recognition Award
  • Economics Research Conference, 2009
  • Best Paper - AAA regional meeting, 2006
  • Kenan Teacher of the Year award, 2004
  • Lubin School of Business, 2000

LICENSURES & CERTIFICATES

  • - CMA
  • - CPA
    New York

Publications


Cable, R. J., Healy, P. & Li, C. FASB's New Proposal on the Statement of Cash Flows - The Impact on Financial Statements of the Fortune 200 Companies.

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

Cable, R. J., Healy, P. & Li, C. (2015, December 18). The Potential Impact of FASB's Proposed Changes to the Statement of Cash Flows.

Cable, R. J., Healy, P. & Li, C. (2015, December 18). The Potential Impact of FASB's Proposed Changes to the Statement of Cash Flows. The Business Review, Cambridge. Vol 23 (Issue 2) , pages 23 - 29. http://jaacc.com

Cable, R. J., Healy, P. & Li, C. (2015, October (4th Quarter/Autumn) 20). GASB and OPEB Obligations - Proposing New Accounting Sandards to Improve Transparency in Financial Reporting.

Li, C. & Healy, P. (2015, June). Advanced Excel in Cost Accounting. Vol 17

Cable, R., Healy, P. & Li, C. GASB and OPEB Obligations - Proposing New Accounting Sandards to Improve Transparency in Financial Reporting.

Cable, R., Healy, P. & Li, C. GASB and OPEB Obligations - Proposing New Accounting Sandards to Improve Transparency in Financial Reporting.

Li, C., Cable, R. & Healy, P. (2014, December 31). Financial Reporting of Other Postemployment Benefits—Towards More Transparency. The Journal of American Academy of Business, Cambridge. Vol 3 (Issue 1) , pages 44-52.

Cable, R. & Healy, P. The Use of MOOCs to Teach Accounting in Community Colleges. Global Perspectives on Accounting Education.

Li, C. & Healy, P. (2014, June 26). Using QuickBooks to Enhance Accounting Knowledge—Integrating Theory with Practice.. Vol 16

Cable, R. & Healy, P. The Use of MOOCs to Teach Accounting in Community Colleges.

Cable, R. & Healy, P. The Use of MOOCs to Teach Accounting in Community Colleges.

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.

Cable, R. & Healy, P. (2013, August). XBRL in the Accounting Curriculum.

Cable, R. & Healy, P. (2013, March). A Short History of GASB's Pension Standards.

Cable, R. & Healy, P. (2013, March). XBRL in the Accounting Curriculum.

Cable, R. & Healy, P. (2013, March). Teaching XBRL. Vol Vol. 18, No. 2 (Issue March 2013) , pages 284 - 290. http://jaabc.com

Cable, R. & Healy, P. GASB's New Pension Standards - A Closer Look. Strategic Finance.

Chan, K. C., Farrell, B. R., Healy, P. & Lett, P. (2011, December). Firm Performance Following Auditor Changes For Audit Fee Savings. Journal of Business & Economics Research. Vol 9 (Issue 10) , pages 17-25.

Healy, P. & Cable, R. Quality Standards: iso 9000's Interface with Public Accounting.

PRESENTATIONS


Li, C. & Healy, P. (2015, June 27). 17th Annual (2015) Accounting Information Systems Educator Conference. Excel Cases in Cost Accounting as Part of Multi-Faceted Approach to Integrating Excel into the Accounting Curriculum. AIS Educators Association, Colorado Springs, CO

Li, C. & Healy, P. (2014, June 28). 16th Annual (2014) Accounting Information Systems Educator Conference. Using QuickBooks to Enhance Accounting Knowledge—Integrating Theory with Practice. AIS Educators Association, Denvor, CO

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

  • American Accounting Association
  • American Society of Certified Public Accountants
  • IMA

COLLEGE SERVICE

  • Deloitte Scholarship Review Committee [Committee Member]
    Desc: Review applicants for potential Deloitte Scholarship
  • Project Pleasantville [Committee Member]
    Committee's Key Accomplishments: Develop a Plan to enhance the unique attraction of the Pleasantville Campus
  • Accepted Students Calling Campaigns [Other]
    Desc: Called accepted students, graduate and undergraduate, to encourage them to register at Pace

UNIVERSITY SERVICE

  • Deloitte Scholarship Committee [Committee Member]
    Desc: Help review transfer student applications and pick scholarship winners
    Committee's Key Accomplishments: Picked scholarship winners
  • WFC Curriculum Committee [Committee Member]
    Desc: Discuss and approve all new curriculum programs for the University for the WFC
    Committee's Key Accomplishments: Approved all new curriculum initiatives for the WFC
  • [Attendee, Convocation]
  • [Attendee, Graduation]
  • Open House events [Attendee, Meeting]
    Desc: Represented the Accounting Department at Open house
  • [Program Coordinator]
    Desc: Attended Sessions at WCC for potential transfer students to Pace
  • Academic Technology Committee [Committee Member]
    Desc: Discuss technology issues that impact students and faculty and look for solutions.
    Committee's Key Accomplishments: I've had input into the decision to expand the time available for the technical help for students. The information from that committee has also helped me share new techniques with my faculty because of new systems Pace has made available.
  • WCC Accounting Board [Committee Member]
    Desc: Attend meetings at WCC to discuss their accounting program and review their courses and curriculum
  • Kenan Award Committee [Committee Member]
    Desc: Select faculty winner of the Kenan Award
    Committee's Key Accomplishments: Selected this year's winner
  • Particpated in Conversion Events [Other]
    Desc: Participated in University Pace Preview Weekend Activities
  • Lunch with Recruiters for Career Planning [Other]
    Desc: Attend lunch with recruiters when they are on campus

PUBLIC SERVICE


  • Westchester Community College-Accounting Advisory Board [Other Community Service Activities]
  • Hendrick Hudson Library [Committee Member]
    Desc: Children's Programs Committee
  • Parish Outreach Committe [Committee Member]
    Desc: St. Philips Church Outreach Committee:
  • St. Philips of the Highlands [Committee Member]
    Desc: Assist in planning for Habitat for Humanity project
  • Town of Cortlandt - Sustainable Energy Committee [Committee Member]
    Desc: Committee to review energy use and energy policy in the town of Cortlandt
  • Dominican Sister of Hope [Other Community Service Activities]
    Desc: Assistant them in developing and maintaining financial, budgeting system
  • Irish Terrier Rescue [Committee Chair]
    Desc: Irish Terrier Rescue, Westchester Chapter:
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