Academic Research in Accounting: A Framework for Quality Reviews

Abstract

SUMMARY We propose and model how a practitioner-based framework aimed at reducing the likelihood of unidentified misstatements in financial statements—the Audit Risk Model—might be adapted and used in the accounting research peer review process to, in part, address the issue of increasing retractions of academic studies. This proposal is intended to engage both practitioners and academics. Practitioners need to know the importance that the academy places on producing high-quality research; and just as practitioners can learn from the results of high-quality research studies, academics can learn from the activities of practitioners. The discussion that follows is intended to create debate. It is not intended to provide definitive answers.