DePaul University Assistant Professor of Accountancy Tawei David Wang is helping bridge theory and practice in the auditing field through research he has conducted as the 2018 KPMG James Marwick Professor-in-Residence, a rotating professorship supported by audit, tax and advisory firm KPMG.
Established last year, the KPMG James Marwick Professor-in-Residence program focuses on identifying evolving innovation opportunities and understanding challenges in the audit profession. During his residency this year, Wang collaborated with the firm’s audit innovation group to conduct research into industry-related information technology management issues and emerging technologies, such as blockchain and artificial intelligence. His work provides insight into the skills and capabilities the profession will need to develop in future leaders, and helps faculty better understand the evolving technical, regulatory and innovation challenges affecting the audit profession.
“It was enlightening to see what professionals are doing in terms of innovation and to bring business practices to business education,” Wang says. “Technology is moving so fast – there is no way we can teach our students everything. Instead, we must teach them how to approach problems.”
The James Marwick Professor-in-Residence program demonstrates KPMG’s dedication to encouraging a culture of quality and continuous learning, while strengthening its relationships with prestigious U.S. universities, KPMG Audit Partner and National Audit Innovation Leader Shaun Budnik says. “With the experience from this residency program, professors return to the classroom with a greater appreciation of the work required to meet regulatory expectations and envisioning new ways to improve audit processes and consistently deliver high-quality audits.”
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