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KNOXVILLE — Joseph Carcello, the Ernst & Young and Business Alumni Professor in UT’s College of Business Administration’s Department of Accounting and Information Management and the director of research for UT’s Corporate Governance Center, was reappointed for a third term to the Public Company Accounting Oversight Board’s (PCAOB) Standing Advisory Group (SAG).

The PCAOB was created by the Sarbanes-Oxley Act to oversee auditors of public companies in the U.S. and has standard-setting, inspection and disciplinary authority over all accounting firms that audit public companies. The SAG was created by the Sarbanes-Oxley Act to provide advice to the PCAOB related to its standard-setting role.

The SAG has approximately 35 members. Carcello is one of only five academics in the group and is the first accounting academic member to be reappointed to three terms

Other SAG members include the chief governance officer of Prudential Financial, vice president of Delta Air Lines, Americas vice chair for Ernst & Young, senior vice president of Comcast, the deputy managing partner of Deloitte & Touche, vice president of finance for Eli Lilly & Company, as well as other prominent individuals from the accounting, business, investor and legal communities.

Carcello’s current term runs from 2011 to 2012; his two previous terms were 2006 through 2007 and 2008 through 2009.

Carcello teaches auditing, corporate governance and financial accounting courses at UT Knoxville at both the undergraduate and graduate levels. Carcello also is an active researcher in the areas of corporate governance and fraudulent financial reporting.


Cindy Raines, (865-974-4359,