Professor David Hay
Professor of Auditing and Head of Department
Department:
Address: Owen G Glenn Building
12 Grafton Road
Auckland
Faculty: Business & Economics
Phone: +64 9 373 7599 Ext. 84878
Email: d.hay@auckland.ac.nz

David Hay is the Head of the Department of Accounting & Finance, and is Professor of Auditing. David had 12 years of experience in professional accounting before becoming an academic.

After graduating, David was employed as an audit clerk at Hutchison Hull & Co in Dunedin, and subsequently moved to the firm’s international associate, Deloitte Haskins & Sells, in the City of London. After his overseas experience David returned to New Zealand and worked for Price Waterhouse Auckland as an Assistant Manager and Price Waterhouse Christchurch as a Manager. He then became an academic and completed his Masters and PhD degrees part time.

His PhD supervisor was Professor Jilnaught Wong, and the topic concerned accounting and delegation of authority in the New Zealand public sector. A published article from this work was adopted as required reading for a course at Harvard University’s Kennedy School of Government; another article from the PhD research won the Peter Brownell Manuscript Award for the best article published in the journal Accounting & Finance in 2003. David’s later research has been in the area of auditing, especially with colleagues and students from the University of Auckland.

David is a Chartered Accountant and in 2007 was made a Fellow of the College of Chartered Accountants of the NZ Institute of Chartered Accountants in recognition of his work as a former Chief Examiner, writer and facilitator of workshops and member of numerous Institute committees and boards.

He was elected to the board of the Accounting & Finance Association of Australia and New Zealand in 2005, and took office as President - New Zealand in August 2009.
Qualifications:
1999 Doctor of Philosophy University of Auckland
1990 MCM(Hons) Lincoln University
1979 Chartered Accountant New Zealand Institute of Chartered Accountants
1977 Bachelor of Commerce University of Otago
Awards:
2007 Fellow of the College of Chartered Accountants, New Zealand Institute of Chartered Accountants
2004 Peter Brownell Manuscript Award for the best paper published in "Accounting and Finance" in 2003
2002 Highly Commended Award, Managerial Auditing Journal
2001 AAANZ Conference Best Poster Award
1999 Lincoln University Fund for Excellence
1993 New Zealand Society of Accountants PhD Scholarship
Service:
Adjunct Fellow, Australian National Centre for Auditing and Assurance Research, Australian National University
Committee member, New Zealand Institute of Chartered Accountants Admissions and Membership Committee
Editor, International Journal of Auditing
Editorial Board Member, Accounting and Finance
Editorial Board Member, Auditing: A Journal of Practice and Theory
Editorial Board Member, Australian Accounting Review
Editorial Board Member, Contemporary Accounting Research
Editorial Board Member, Current Issues in Auditing
Editorial Board Member, International Journal of Accounting
Editorial Board Member, International Journal of Accounting, Auditing and Performance Evaluation
Editorial Board Member, International Journal of Auditing
Editorial Board Member, University of Auckland Business Review
President - New Zealand, Accounting and Finance Association of Australia and New Zealand
Teaching:
2012 Acctg 312 Auditing
Research Interests:
Audit Fee Research
Audit Fee Research
Auditor specialisation
Auditor specialisation
Independence and services provided by auditors
Independence and services provided by auditors
Selected Publications:
Refereed Journal Articles
2011 HAY, D.,  JETER, D.,  ‘The Pricing of Industry Specialisation by Auditors in New Zealand‘, Accounting and Business Research 41, 2, 171-195.
2010 CAUSHOLLI, M.,  DE MARTINIS, M.,  HAY, D.,  KNECHEL, W.,  ‘Audit Markets, Fees and Production: Towards An Integrated View of Empirical Audit Research‘, Journal of Accounting Literature 30, 167-215.
2010 HAY, D.,  KNECHEL, W.,  ‘The Effects of Advertising and Solicitation on Audit Fees‘, Journal of Accounting & Public Policy 29, 1
2010 BASKERVILLE, R.,  HAY, D.,  ‘The impact of globalization on professional accounting firms: evidence from New Zealand‘, Accounting History 15
2008 HAY, D.,  KNECHEL, W.,  LING, J.,  ‘Evidence on the Impact of Internal Control and Corporate Governance on Audit Fees‘, International Journal of Auditing, 12 (1), 9-24.
2008 CAHAN, S.,  EMANUEL, D.,  HAY, D.,  WONG, N.,  ‘Non-audit Fees, Long-term Auditor-client Relationships, and Earnings Management‘, Accounting and Finance 48(2), 181-207.
2007 BASKERVILLE, R.,  HAY, D.,  QIU, T.,  ‘The Association Between Partnership Financial Integration and Risky Audit Client Portfolios‘, Auditing: A Journal of Practice and Theory, 27 (2) 57-68.
2006 HAY, D.,  KNECHEL, W.,  WONG, N.,  ‘Audit fees: A meta-analysis of the effect of demand and supply attributes‘, Contemporary Accounting Research 23(1), 141-191.
2006 HAY, D.,  KNECHEL, W.,  LI, VIVIAN, V.,  ‘Non-audit services and auditor independence: New Zealand evidence‘, Journal of Business Finance and Accounting 33, Issue 5/6, June/July 2006, 715-733.
2006 BASKERVILLE, R.,  HAY, D.,  ‘The effect of accounting firm mergers on the market for audit services: further evidence‘, Abacus 42, (1), March, 87-104.
2004 CHEUNG, J.,  HAY, D.,  ‘Auditor Independence: The Voice of Shareholders‘, University of Auckland Business Review, 6 (2), 67-75.
2004 DAVIS, D.,  HAY, D.,  ‘The Voluntary Choice of an Auditor of Any Level of Quality‘, Auditing: A Journal of Practice and Theory 23, 2, 37-54.
2003 HAY, D.,  ‘Knowledge transfer costs and dependence as determinants of financial reporting‘, Accounting and Finance 43 (3), 311-330.
2002 OWUSU-ANSAH, S.,  MOYES, G.,  OYELERE, P.,  HAY, D.,  ‘An empirical analysis of the likelihood of detecting fraud in New Zealand‘, Managerial Auditing Journal 17, 4, 192-204.
2001 HAY, D.,  ‘Public Sector Decentralization, Accountability and Financial Reporting in New Zealand‘, Journal of Public Budgeting, Accounting and Financial Management 13, 2, 133-156.
2001 OYELERE, P.,  MCCOURT LARRES, P.,  FISHER, A.,  HAY, D.,  ‘The Ethical Perception of Undergraduate Students in Computer-Related Situations: An Analysis of the Effects of Culture, Gender and Prior Education‘, Teaching Business Ethics 5, August 2001, 331-356.
2000 HSU, L.,  HAY, D.,  WEIL, S.,  ‘Forecast accuracy and bias in IPO prospectuses: Recent New Zealand evidence‘, Pacific Accounting Review 12 (1), 27-59.
1998 HAY, D.,  ‘Communication in Auditors' Reports: Variations in Readability and the Effect of Audit Firm Structure‘, Asia Pacific Journal of Accounting 5, (2), 179-197.
1997 MALTBY, H.,  HAY, D.,  ‘A New Approach to Accounting Examinations: The Final Qualifying Examination in New Zealand‘, Journal of Accounting Education 15, 2, 169-179.
1994 HAY, D.,  ‘Who Uses Public Sector External Reports: An Exploration‘, Accounting Forum 17, 4, 47-65.
1993 HAY, D.,  ‘Internal Control: How it Evolved in Four English-Speaking Countries‘, Accounting Historians Journal 20, 1, 79-102.
1992 HAY, D.,  ‘Public Sector Accounting in New Zealand: An Update and Clarification‘, Financial Accountability and Management 8, Spring, 1-6.
Sections in Books
1999 HAY, D.,  ‘Positive Accounting Theory‘ In: Hooper, Davey, Hay and Johns (ed.), Accounting Theory: Issues for New Zealand Accountants, Dunmore Press, Palmerston North
Non-Refereed Journal Articles
2003 HAY, D.,  KNECHEL, W.,  ‘The Value of Auditors in Reducing Risk‘, The Director 1, 2, 17-18.
1993 HAY, D.,  ‘Practical Problems with a Simple Goods and Services Tax‘, International VAT Monitor 6, June, 2-8.



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