Matthew J. Keane - Providence College

Education
Matthew J. Keane
Providence College
Accountancy
(401) 865-1275
Email: mkeane@providence.edu
Ph D, Syracuse University, 2009.
Major: Business Administration with a concentration in Accounting
Supporting Areas of Emphasis: Economics
Dissertation Title: Empirical Evidence on the Impact of a Material Weakness
BS, Providence College, 2001.
Major: Accountancy
Professional Positions
Academic
Assistant Professor, Providence College. (August 31, 2009 - Present).
Teaching Assistant, Syracuse University. (August 15, 2005 - August 17, 2009).
Professional
Senior Accountant, Ernst & Young, LLP. (September 1, 2001 - August 1, 2005).
Audit Senior
Professional Memberships
American Accounting Association.
Development Activities Attended
Workshop, "Ernst& Young - Year-end Accounting Update," Ernst & Young, LLP. (December 5,
2011).
Conference Attendance, "Annual Meeting," Rhode Island Association of Accounting Professors.
(October 21, 2011).
Conference Attendance, "2011 Annual Meeting," American Accounting Association. (August 6,
2011 - August 9, 2011).
Conference Attendance, "Giving Voice to Values 1st Annual Global Faculty Conference on
Teaching and Learning and Research," Babson College. (June 13, 2011 - June 14, 2011).
Workshop, "Ernst & Young Year-end Accounting Update," Ernst & Young LLP. (December 9,
2010).
Conference Attendance, "2010 Auditing Mid-Year Conference," American Accounting Association.
(January 2010).
Report Generated on May 7, 2012 Page 1 of 4

Teaching Experience
TEACHING
Providence College
ACC 203, Financial Accounting, 7 courses.
ACC 204, Managerial Accounting, 6 courses.
MBA 548, Intro to Accounting Concepts, 1 course.
MBA 603, Acct & Dec Making in Organztns, 1 course.
Awards and Honors
Teaching Collaborator Award, Providence College School of Business. (May 2011).
Outstanding Teaching Assistant, Syracuse University. (May 1, 2009).
Outstanding Student Teacher, The Whitman School of Management at Syracuse University.
(December 19, 2008).
Presentations Given
RESEARCH
Keane, M. J. (Presenter & Author), 2012 AAA Public Interest Sector Meeting, ""Internal Control
Disclosures, Announcement Transparency and the Market Reaction to Restatement
Announcements"," American Accounting Association, Orlando, FL. (March 31, 2012).
Keane, M. J. (Presenter & Author), Albring, S. M. (Author Only), Elder, R. J. (Author Only), 2011
Annual Meeting, "The Effect of the Type and Number of Internal Control Weaknesses and
their Remediation on Audit Fees," American Accounting Association, Denver, CO. (August 9,
2011).
Keane, M. J. (Presenter & Author), Albring, S. M. (Author Only), 2010 Auditing Mid-Year
Conference, "Audit Fees and Internal Control Weaknesses, Consecutive Material
Weaknesses, and Remediation," American Accounting Association, San Diego, California.
(January 16, 2010).
Contracts, Grants and Sponsored Research
Grant
Keane, Matthew J. (Principal), "Whitman Research Grant - The Remediation of Internal Control
Weaknesses, Tax Consulting and Non-Audit Fees," Sponsored by Whitman School at
Syracuse University, Other, $3,000.00. (June 1, 2009 - Present).
Intellectual Contributions in Submission
Refereed Journal Articles
Keane, M. J. Internal Control Disclosures, Announcement Transparency and the Market Reaction
to Restatement Announcements. Journal Of Accounting, Ethics & Public Policy.
Keane, M. J., Albring, S. M., Elder, R. J. The Effect of the Type and Number Of Internal Control
Weaknesses and their Remediation on Audit Fees. Journal Of Accounting Auditing And
Finance.
Report Generated on May 7, 2012 Page 2 of 4

Research in Progress
"Abnormal Audit Fees and their Role in the Audit Fee Model" (On-Going)
Investigation of the role that unexpected audit fees (both positive and negative) can play in the
Audit Fee Model, including how well the unexpected fee predicts future audit fees.
"Disclosure Discretion: Internal Control Weaknesses and Restatement Announcement
Transparency" (Writing Results)
In response to the accounting scandals that occurred in 2001, Congress passed the
Sarbanes-Oxley Act of 2002 (herein SOX) to help instill confidence in the financial statements
of publicly-traded companies. Section 404 of the Act includes a provision requiring all
publicly-traded firms to assert as to the effectiveness of their internal controls. Prior studies
have shown that the disclosure of a material weakness results in a greater likelihood of a firm
subsequently announcing an accounting restatement and that the market has priced a
perceived higher risk for these firms prior to any restatement announcement and that the
market penalizes firms for disclosing pending restatements in a transparent manner; however
that penalty is not as significant for firms with previous disclosures of material weaknesses.
This study investigates the role that prior internal control disclosures play in management’s
election of disclosure transparency when announcing pending restatements. Firms with
previously disclosed ineffective control environments are more likely to announce a pending
restatement in a more transparent manner, which is consistent with these firms electing a
more transparent announcement to minimize the uncertainty regarding their financial
reporting, as the market will not penalize these firms for the transparency of their
announcement and the clarification of any uncertainty.
"Giving Voice to Values Case" (Planning)
Considering the development of a case for the growing GVV movement, as encouraged by the
Director of Giving Voice to Values, Mary Gentile, at the recent GVV Conference. I am currently
planning a case that involves a new senior for an auditing firm that is put in the situation where
their predecessor, who now serves as the manager on the engagement, expects the senior to
not submit all of the hours worked on the engagement, commonly referred to as “eating time,”
as well as signing off on audit work steps that had yet to be completed prior to the review
performed by the engagement partner.
"The Remediation of Internal Control Weaknesses, Tax Consulting and Non-Audit Fees" (Writing
Results)
As firms continue to report on the effectiveness of their internal controls around financial
reporting, it is important for firms disclosing material weaknesses to discover methods to help
remediate said weaknesses. This study will extend current research on material weakness
remediation by investigating whether firms have utilized their auditors to assist in
implementing internal control improvements as shown by an association between the
likelihood of the remediation of an internal control weakness and non-audit fees. This study
will also investigate if this association is stronger in the case of previously disclosed material
weaknesses that were specifically tax-related.
Department Service
SERVICE
Faculty Advisor, Accounting Association. (May 15, 2010 - Present).
Coordinator for Core Curriculum Courses, ACC Core Course Coordinator. (February 1, 2010 -
Present).
Report Generated on May 7, 2012 Page 3 of 4

Faculty Mentor, PriceWaterhouseCoopers xACT Case Competition. (October 26, 2009 - Present).
Attendee, Meeting, Department of Accountancy. (September 12, 2009 - Present).
Faculty Advisor, Accountancy Tutors and Lab Assistants. (September 5, 2009 - Present).
Faculty Advisor, Academic Advisor. (September 1, 2009 - Present).
College Service
Committee Member, Providence College School of Business Assurance of Learning Committee.
(September 1, 2010 - Present).
Committee Member, Providence College School of Business Building Committee. (September 15,
2009 - Present).
University Service
Committee Member, Committee on Assessment Issues and Resources. (September 1, 2011 -
Present).
Faculty Advisor, Undeclared Advisor. (June 1, 2011 - Present).
Professional Service
Discussant, 2012 AAA Public Interest Sector Meeting, Orlando, FL. (March 31, 2012).
Reviewer, Conference Paper, 2012 AAA Annual Meeting, Washington, DC. (March 1, 2012).
Reviewer, Conference Paper, American Accounting Association Anuual Meeting, Washington,
DC. (February 5, 2012 - February 14, 2012).
Reviewer, Conference Paper, 2010 AAA Public Interest Sector Meeting, Washington, DC.
(February 1, 2010 - February 28, 2010).
Public Service
Faculty Advisor, PC/PwC/St Mary's Service Day, Providence, RI. (April 14, 2012).
Volunteer Supervisor, Orchard Gardens Elementary School, Boston, MA. (November 1, 2009 -
June 15, 2011).
Faculty Advisor, PC/PwC/St Mary's Service Day, Providence, RI. (April 5, 2011).
Report Generated on May 7, 2012 Page 4 of 4