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Elizabeth Carson

Elizabeth Carson - Australian School of Business 

BCom (Hons), UNSW



Chartered Accountant (CA)



+61 2 9385 5822 


+61 2 9385 5925 




Quadrangle building

Elizabeth Carson is a Professor in financial accounting and auditing. Elizabeth teaches at postgraduate level in financial accounting and auditing, as well as supervising research students in the Honours, MPhil and PhD programs. She has received the Pearson Education Accounting Lecturer of the Year award for her development of the Accounting: A User Perspective subject in the Masters of Commerce program and a Dean’s Commendation for Outstanding Technology-Enabled Innovation for developments undertaken in Financial Accounting in the Masters of Professional Accounting program. She is a co-author of an introductory financial accounting textbook (Financial Accounting: An Integrated Approach) and its accompanying study guide.

Elizabeth's research interests include global and Australian regulatory issues impacting the audit profession including economics of audit markets, industry specialisation by auditors and audit reporting. Her PhD investigating global audit firm networks and global industry specialisation by audit firms was awarded the American Accounting Association Auditing Section Outstanding Dissertation Award in 2008. Her work has appeared in leading academic journals including The Accounting Review, Auditing: A Journal of Practice and Theory and Accounting and Finance. She is on the Editorial Board of Auditing: A Journal of Practice and Theory and is an Associate Editor at Issues in Accounting Education. Her research is currently supported by the Australian Research Council (ARC) Discovery Grant for 2013-2015. She has previously received ARC Discovery Funding as well as funding by the International Auditing and Assurance Standards Board.
Elizabeth is currently chair of the Auditing and Assurance Special Interest Group of the Accounting and Finance Association of Australia and New Zealand. Prior to joining UNSW, she worked with Pricewaterhouse Coopers (PwC) and is qualified as a Chartered Accountant in Australia.



Refereed publications


  • Carson, E. N Fargher, M Geiger, C Lennox, K Raghunandan and M Willekens. Audit Reporting for Going-Concern Uncertainty: A Research Synthesis, with. Auditing: A Journal of Theory and Practice 32 (Supplement 1), 2013, 353-384.
  • Xu. Y., Carson, E., Fargher, N., and A. Jiang, Auditor Responses to Changes in Business Risk: The Impact of the Global Financial Crisis on Auditors' Behaviour in Australia, Accounting and Finance, 53(1) 2013, 301-338.
  • Carson, E., R. Simnett, B. Soo and A. Wright, Changes in audit market competition and the Big N premium, Auditing: A Journal of Practice and Theory 31(3), 2012, 47-74.
  • Carson, E and C. Dowling. The competitive advantage of audit support systems: the association between extent of structure and audit pricing, Journal of Information Systems 26(1) 2012, 35–49.
  • Ye, P, Carson, E and Simnett R, Threats to Auditor Independence: The Impact of Relationship and Economic Bonds, Auditing: A Journal of Practice and Theory, 30(1), 2011, 121-148.
  • Xu, Y, Carson, E, Fargher, N and Jiang, A, Audit Reports in Australia During the Period of the Global Financial Crisis, Australian Accounting Review, 21(1) March 2011, 22-31
  • Carson ,E, Industry Specialization by Global Audit Firms, The Accounting Review, 84(2) March 2009, 355-382.
  • Mohd Salman, F and Carson E, The Impact of the Sarbanes-Oxley Act on the Audit Fees of Australian Listed Firms, International Journal of Auditing, 13 (2) July 2009, 127-140.
  • Chen L, Carson E, and Simnett R, The Impact of Stakeholder Characteristics on Voluntary Dissemination of Interim Information and Communication of Its Level of Assurance, Accounting and Finance, 47(4), December 2007, 667-692.
  • Carson E, and Fargher N, A Note on Audit Fee Premiums to Client Size and Industry Specialisation, with Neil Fargher, Accounting and Finance, 47(3), September 2007, 423-446.
  • Carson E, Ferguson A, and Simnett R, Australian Audit Reports: 1996-2003, Australian Accounting Review, 16(3), November 2006, 89-96.
  • Carson E, da silva Rosa, and Maynier R, Returns to Australian Investment Newsletter Recommendations, Australian Journal of Management, 29(1), June 2004, 65-85.
  • Carson E, and Fargher N, Simon D and Taylor M, Audit Fees and Market Segmentation – Further Evidence on How Client Size Matters within the Context of Audit Fee Models, International Journal of Auditing, 8(1), March 2004, 79-91.
  • Carson E, Factors Associated with the Development of Board Sub–committees, Corporate Governance: An International Review, 10(1), January 2002, 4-18.
  • Carson E, The Development of Board Sub-Committees, Company and Securities Law Journal, 18(6), September 2000, 415-428.
  • Carson E, New Assurance Services: Professional Guidance Required, with Roger Simnett, Commercial Law Quarterly, 14(2), June 2000, 3-6.
  • Carson E, and Simnett R, Corporate Governance: The State of Play, Australian Accounting Review, 6(2), September 1996.

Published reports to regulators


  • Carson, E, N Fargher, M Geiger, C Lennox, K Raghunandan and M Willekens. 2012. Auditor reporting on going-concern: A research synthesis. Report to Public Company Accounting Oversight Board. 
  • Carson, E, R Simnett and P Tronnes. 2011. International consistency in audit reporting behaviour: Evidence from going concern modifications. Report to International Auditing and Assurance Standards Board.


Practitioner publications


  • WebTrust: Taking on the Challenge of Internet Assurance, Charter, 70(8), September 1999

Research interests

  • Global and national audit regulation
  • Economics of global and national audit markets
  • Industry specialisation by auditors
  • Audit reporting

Research grants

  • 2013 – 2015 : ARC Discovery Grant for Evaluating Regulatory Initiatives Directed at Audit Firms to Improve Audit Quality, with Neil Fargher, Roger Simnett and Ann Vanstraelen, $235,840
  • 2013: CPA Australia for Synthesis of Audit Market Structure and Competition, with Lin Liao and Nives Botica-Redmayne, $5,000
  • 2012: UNSW Goldstar Research Award, with Roger Simnett, $30,000
  • 2010 - 2011: International Auditing and Assurance Standards Board/ACCA/IAAER Research Grant, with Roger Simnett and Per Christen Trønnes, $30,000
  • 2008 - 2010: ARC Discovery Grant for Consistency of Going Concern Opinion Modifications over Time, Audit Firms and Countries, with Roger Simnett, $165,519

 Courses taught

  • ACCT4809 Current Developments in Auditing Research
  • ACCT5909 Current Developments in Auditing Research
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