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Jay Christopher Thibodeau

Professor, Accountancy
Ph.D., University of Connecticut, 1996
BS, University of Connecticut, 1987
Office: Morison Hall 373 | 781.891._2564 | jthibodeau@bentley.edu
Department Phone: 781.891._2134 | Department Fax: 781.891.2896
                       


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Bio

Jay Thibodeau is a former auditor and a certified public accountant. He received his BS degree from the University of Connecticut in December 1987 and his Ph.D. from the University of Connecticut in August 1996. He joined the faculty at Bentley in September of 1996 and has worked there ever since. At Bentley, he serves as the coordinator for all audit and assurance curriculum matters. Professor Thibodeau’s off-campus commitments include consulting with the Audit Learning and Development group at KPMG. Professor Thibodeau’ s scholarship is focused on audit judgment and decision making and audit education. He is a co-author of two textbooks and has written over forty book chapters and articles for academics and practitioners in journals such as Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons and Issues in Accounting Education. Professor Thibodeau has been elected to serve as the President of the Auditing Section of the American Accounting Association in 2014/2015. Currently, he serves as the Vice President – Academic. Previously, he served on the Executive Committee for the Auditing Section from 2008-2010. He has received national recognition for his work four times. First, for his thesis, winning the 1996 Outstanding Doctoral Dissertation Award presented by the ABO section of the AAA. Two other times, for curriculum innovation, winning the 2001 Joint AICPA/AAA Collaboration Award and the 2003 Innovation in Assurance Education Award. And finally, for outstanding service, receiving a Special Service Award from the Auditing Section of the AAA for his work in helping to create the “Access to Auditors” program.

Teaching Interests

Financial Statement Auditing; Judgment and Decision Making; Information Technology Auditing

Research Interests

The External Auditing Process; Knowledge Transfer; Cognitive Characteristics of Experts; Auditing Education; Statistical Thinking in Auditing; Mitigating Professional Judgment Biases

Consulting/Practice Interests

Audit Committee Effectiveness; Financial Statement Auditing; Statistical Thinking on Audit Engagements

Professional Memberships

American Accounting Association (Auditing and ABO Sections)
American Institute of Certified Public Accountants
Massachusetts Society of Certified Public Accountants

Awards and Honors

2012, Winner – 2012 Innovation in Teaching Award, Bentley University
2012, Winner – 2012 Special Award for Outstanding Service, American Accounting Association - Auditing Section
2012, Winner – 2012 Bentley University Award for Excellence in Scholarship, Bentley University
2008, Honorable Mention - The Bea Sanders/AICPA Innovation in Teaching Award
2007, Winner - A 2007 Bentley College Award for Innovation in Teaching
2007, Winner - The Gregory H. Adamian Award for Excellence in Teaching - Bentley College Annual Award For Teaching Excellence
2007, Winner - The Joseph M. Cronin Faculty Advising Award - Bentley College Annual Award for Advising E cellence
2006, Winner - The 2006 Faculty Member of the Year Award - Student Government Association
2003, Winner - The 2003 Bentley College Service Learning Award
2003, Winner - The 2003 National Innovation in Auditing and Assurance Education Award presented by the Auditing Section of the American Accounting Association
2001, Winner - A 2001 Bentley College Award for Innovation in Teaching
2001, Winner - A 2001 Bentley College Award for Innovation in Teaching
2001, Winner - The 2001 National Joint AICPA/AAA Collaboration Award presented jointly by the American Accounting Association and the American Institute of Certified Public Accountants
1996, Winner - The 1996 National Outstanding Doctoral Dissertation Award presented by the American Accounting Association Accounting Behavior and Organizations Section

Publications

Journal Articles
Hanes, D., Porco, B., Thibodeau, J. C. Simply Soups Inc.: A Teaching Case Designed to Integrate the Electronic Cash Confirmation Process into the Auditing Curriculum. Issues in Accounting Education, Forthcoming, Forthcoming. Forthcoming (link)

Levy, E. S., Osterheld, K. K., Thibodeau, J. C. (2012). A Supplementary Evening Program For Students In The Introductory Accounting Course. Advances in Accounting Education: Teaching and Curriculum Innovations, 13, 23-40.

Bierstaker, J. L., Hunton, J. E., Thibodeau, J. C. (2012). Does Fraud Training Help Auditors Identify Fraud Risk Factors? Advances in Accounting Behavioral Research, 15, 85-100.

Baxter, R. J., Thibodeau, J. C. (2011). Does the use of intelligent online learning and assessment software enhance the acquisition of financial accounting knowledge? Issues in Accounting Education, 26 (4), 647-656.

Hunton, J. E., Hoitash, R., Thibodeau, J. C. (2011). The Relationship Between Perceived Tone at the Top and Earnings Quality. Contemporary Accounting Research, 28 (4), 1190-1224.

Bierstaker, J., Hunton, J. E., Thibodeau, J. C. (2009). Do Client-Prepared Internal Control Documentation and Business Process Flowcharts Help or Hinger and Auditor's Ability to Identify Missing Controls. Auditing: A Journal of Practice and Theory, 28 (1), 79-94.

Ruff, M., Thibodeau, J. C., Bedard, J. C. (2009). A Profession's Response to a Looming Shortage: Closing the Gap in the Supply of Accounting Faculty. Journal of Accountancy, 2009 (March), 36-40.

Gelinas, U., Schwarzkopf, D. L., Thibodeau, J. C. (2008). Introducing Students to the Integrated Audit with 'Auditing Alchemy, Inc. Journal of Information Systems, 22 (2 (Fall)), 153-172.

Cleary, R. J., Thibodeau, J. C. (2008). Mathematics and Accounting: A Non-Empty Intersection. MAA FOCUS, 28 (9), 4-5. (link)

Ivakhnenkov, S., Thibodeau, J. C. (2008). Implementing the Regulations and Information Technology Considerations of the Sarbanes-Oxley Act in Ukraine. Science Journal of The National University of Kyiv-Mohyla Academy - Economic Sciences, TOM 81 (2008), 41-44.

Bible, L., Massey, D. W., Thibodeau, J. C., Wetzel, S. (2008). Identifying and Recruiting the Best and Brightest College Students. The Practicing CPA, 32 (5), 1-4.

Thibodeau, J. C., Bedard, J. C. (2008). Have You Always Wanted To Be A Professor? Current Opportunities in Academic Accounting SumNews (Massachusetts Society of CPAs), 2008 (Summer), 9-10.

Kozlowski, T. M., Allen, R. D., Elder, R. J., Ramsay, R. J., Shelton, S. W., Thibodeau, J. C. (2008). Auditing Standards Committee Comment Letter PCAOB Rulemaking Docket Matter No. 025: Proposed Auditing Standard - Engagement Quality Review. Current Issues in Auditing, 2 (2), C1 - C4.

Riley, R. R., Jenkins, J. G., Roush, P. Y., Thibodeau, J. C. (2008). Audit Quality in the Post-SOX Audit Environment: What Your Auditing Students Must Know about the PCAOB Inspection Process. Current Issues In Auditing, 2 (2), A17-A25.

Feldmann, D. A., Koulish, R., Osterheld, K. K., Thibodeau, J. C. (2007). Integrating Corporate Social Responsibility into the Accounting Curriculum. Advances in Accounting Education, 8, 197-219.

Thibodeau, J. C., Packwood, T. R. (2007). A Risk-Based Approach to Achieving Audit Committee Effectiveness. Bank Accounting & Finance, 2007 (December), 39-42.

Bierstaker, J. L., Thibodeau, J. C. (2006). The Effect of Format and Experience on Internal Control Evaluation. Managerial Auditing, 21 (9), 877-891.

Abdolmohammadi, M. J., Simnett, R., Thibodeau, J. C., Wright, A. (2006). Sell-Side Analysts' Reports and the Current SEC Reporting Model. Accounting Horizons, 20 (4), 375-389.

Thibodeau, J. C., Jenkins, G., Riley, R. (2006). Auditing Education for the Post-Sarbanes Audit Environment. The Auditor's Report, 29 (2), 14-15.

Thibodeau, J. C. (2005). Adding Value Through Compliance: The Sarbanes-Oxley Act of 2002. NASFM Magazine, 8 (2), 16-17.

Cleary, R. J., Thibodeau, J. C. (2005). Applying Digital Analysis using Benford's Law to Detect Fraud: The Dangers of Type I Errors. Auditing: A Journal of Practice and Theory, 24 (1), 77-81.

Thibodeau, J. C., Coyne, M., Massey, D. (2005). Raising Students' Ethical Sensitivity with a Value Relevance Approach. Advances in Accounting Education, 7 (2005), 173-207.

Thibodeau, J. C., Bierstaker, J. L. (2004). Effectively Integrating Instructional Methods into Ph.D. Curriculums. The Auditor's Report, 28 (1), 6-7.

Thibodeau, J. C. (2003). The Development and Transferability of Task Knowledge. Auditing: A Journal of Practice and Theory, 22 (1), 47-67.

Barsky, N. P., Catanach, A. H., Rhodes-Catanach, S. C., Thibodeau, J. C. (2003). Enron: Did the Financial Reporting Model Really Fail? Commercial Lending Review, 18 (2), 5-9.

Barsky, N. P., Massey, D. W., Thibodeau, J. C. (2003). Core Competencies: Mapping The Vision-Aligned Academic Framework Into The Vision Project. Advances in Accounting Education: Teaching and Curriculum Innovations, 5 (2003), 129-142.

Usoff, C. A., Thibodeau, J. C., Burnaby, P. A. (2002). The Importance of Intellectual Capital and its Effect on Performance Measurement Systems: An Empirical Observation. Managerial Auditing Journal, 17 (1/2), 9-15.

Gelinas, U., Levy, E. S., Thibodeau, J. C. (2001). Norwood Office Supplies, Inc.: A Teaching Case to Integrate Computer Assisted Auditing Techniques into the Auditing Course. Issues in Accounting Education, 16 (4), 603-636.

Bierstaker, J. L., Burnaby, P. A., Thibodeau, J. C. (2001). The Impact of Information Technology on the Audit Process: An Assessment of the State of the Art and Implications for the Future. Managerial Auditing Journal, 16 (3), 159-164.

Bierstaker, J. L., Burnaby, P. A., Thibodeau, J. C. (2001). How Internal Auditors Are Utilizing Software. Internal Auditing, 16 Number 5 (September/October), 40-43.

Thibodeau, J. C., Gelinas, U., Levy, E. S. (2001). Effectively Integrating Information Technology Issues into The Auditing Course. The Auditors Report, 25 (1), 4-5.

Barsky, N. P., Thibodeau, J. C. (2000). Evaluating The Financial Viability of Competing Firms In The Retail Industry: A Teaching Exercise. The Journal of Financial Education, 26 (Spring), 82-90.

Read, W. J., Thibodeau, J. C. (1999). Knowlege from Within. The Practical Accountant, 1999 (December), 59-61.

Abdolmohammadi, M. J., Burnaby, P. A., Greenlay, L., Thibodeau, J. C. (1997). Environmental Accounting in the United States: From Control and Prevention to Remediation. Asia-Pacific Journal of Accounting, 4 (2), 199-217.

Books
Louwers, T. J, Ramsay, R. J, Sinason, D. H, Strawser, J. R, Thibodeau, J. C. (2015). Auditing & Assurance Services (6th Edition ed.). Burr Ridge, IL: McGraw-Hill Irwin. (link)

Thibodeau, J. C, Freier, D. (2014). Auditing and Accounting Cases: Investigating Issues of Professional Ethics and Fraud (4th ed.). Burr Ridge, IL: McGraw-Hill Irwin. (link)

Louwers, T. J, Ramsay, R. J, Sinason, D. H, Strawser, J. R, Thibodeau, J. C. (2013). Auditing & Assurance Services (5th Edition ed.). Burr Ridge, IL: McGraw-Hill Irwin. (link)

Thibodeau, J. C, Louwers, T. J, Ramsay, R. J, Sinason, D. H, Strawser, J. R. (2011). Auditing & Assurance Services (4th Edition ed.). Burr Ridge, IL: McGraw-Hill Irwin. (link)

Thibodeau, J. C, Freier, D. (2011). Auditing and Accounting Cases: Investigating Issues of Professional Ethics and Fraud (3rd ed.). Burr Ridge, IL: McGraw-Hill Irwin. (link)

Thibodeau, J. C, Freier, D. (2008). Auditing after Sarbanes-Oxley: Illustrative Cases (2nd ed.). Burr Ridge, IL: Irwin/McGraw-Hill.

Thibodeau, J. C, Freier, D. (2007). Auditing after Sarbanes-Oxley: Illustrative Cases (1st ed.). Burr Ridge, IL: Irwin-McGraw-Hill. (link)

Book Chapters
Cleary, R. J, Thibodeau, J. C. Mathematics and Auditing: How Liberal-Arts Theory and Business-Education Practice Inform Each Other. In Daniel Everett and Gordon Hardy (Eds.), Shaping the Future of Business Education. Palgrave-Macmillan

Cleary, R. J, Thibodeau, J. C. (2013). Mathematics and Auditing: How Liberal-Arts Theory and Business-Education Practice Inform Each Other. In Daniel Everett and Gordon Hardy (Eds.), Shaping the Future of Business Education (pp. 262). New York, NY: . Palgrave-Macmillan (link)

Cleary, R. J, Thibodeau, J. C. (2013). Benford’s Law as a Bridge Between Statistics and Accounting. In Steven J. Miller (Eds.), Theory and Applications of Benford’s Law (pp. 167-179). Princeton, NJ: . Princeton University Press

Fletcher Brown, D, Abdolmohammadi, M. J, Thibodeau, J. C. (2009). Entity-Level Control and the Monitoring Role of Corporate Boards. In R.W. Kolb, D. Schwartz (Eds.), Corporate Boards: Managers of Risk, Sources of Risk (pp. 199-216). Boston, MA: . Wiley - Blackwell Publishing Ltd

Abdolmohammadi, M. J, Thibodeau, J. C. (2006). Auditing. In Burton S. Kaliski (Eds.), Encyclopedia of Business and Finance  (pp. 42-45). New York: . Macmillan

Other(s)
Thibodeau, J. C. (2010). Executive Committee Spotlight. American Accounting Association, 33(3), 2 pages. (link)

Conference Proceedings and Presentations

Rose, J. M., Parlee, M., Thibodeau, J. C., . (2014). "“Metaphors and Auditor Professional Judgment: Can Metaphors Activate Professionally Skeptical Mindsets?”" Presented at the 2014 Auditing Midyear Meeting, San Antonio, TX.

Hanes, D., Thibodeau, J. C., Porco, B. (2013). "Simply Soups Inc.: A Teaching Case Designed to Integrate the Electronic Confirmation Process into the Financial Statement Auditing Curriculum." Presented at the Bentley University's Scholarly Activities Committee, Waltham, MA.

Hanes, D., Thibodeau, J. C., Porco, B. (2013). "Simply Soups Inc.: A Teaching Case Designed to Integrate the Electronic Confirmation Process into the Financial Statement Auditing Curriculum." Presented at the Bentley University's 2013 Fall Research Colloquium, Waltham, MA.

Hanes, D., Thibodeau, J. C., Porco, B. (2013). "Simply Soups Inc.: A Teaching Case Designed to Integrate the Electronic Confirmation Process into the Financial Statement Auditing Curriculum." Presented at the American Accounting Association's AAA Annual Meeting, Anaheim, CA.

Hanes, D., Thibodeau, J. C., Porco, B. (2013). "Simply Soups Inc.: A Teaching Case Designed to Integrate the Electronic Confirmation Process into the Financial Statement Auditing Curriculum." Presented at the Bentley University's Wilder Workshop, Waltham, MA.

Thibodeau, J. C. (2012). "How you can Simulate Real-Life Experiences in the Classroom through Discussion of Mini-Fraud Cases." Presented at the Rhode Island Association of Accounting Professors's 2012 Accounting Educators' Conference, Warwick, RI.

Thibodeau, J. C. (2012). "Accelerating Beyond Excellence: The Department of Accountancy at Bentley University." Presented at the Bentley University's Leadership Donor Reception and Dinner, Waltham, MA.

Thibodeau, J. C. (2012). "Invited Panelist to respond to Jonathan Weil's talk entitled "A Decade of Accounting Wars"." Presented at the American Accounting Association 's Northeast Regional Meeting, Providence, RI.

Hanes, D., Thibodeau, J. C., Porco, B. (2012). "Simply Soups Inc.: A Teaching Case Designed to Integrate the Electronic Confirmation Process into the Financial Statement Auditing Curriculum." Presented at the American Accounting Association 's Northeast Regional Meeting, Providence, RI.

Thibodeau, J. C. (2012). "Pathways Commission Report." Presented at the American Accounting Association's AAA Annual Meeting, Washington DC.

Thibodeau, J. C. (2012). "Using Fraud Cases to Improve Auditing and Accounting Education." Presented at the McGraw-Hill/Irwin's Accounting Educators' Conference, Waltham, MA.

Thibodeau, J. C., Hunton, J. E., Hoitash, R. (2010). "Associating Percevied Tone at the Top and Earnings Quality." Presented at the Queens University's Contemporary Accounting Research Conference, Kingston, Ontario, Canada.

Thibodeau, J. C., Hunton, J. E., Hoitash, R. (2010). "Associating Perceived Tone at the Top and Earnings Quality." Presented at the American Accounting Association's AAA Annual Meeting, San Francisco, CA.

Baxter, R. J., Thibodeau, J. C. (2010). ""Does the use of intelligent online learning and assessment software enhance the acquisition of financial accounting knowledge?" Presented at the American Accounting Association Annual Meeting, San Francisco, CA.

Thibodeau, J. C. (2010). "Using Fraud Cases to Improve Auditing and Accounting Education." Presented at the New York State Society of CPAs's 2010 Accounting Educators' Conference, Albany, NY.

Thibodeau, J. C., Hunton, J. E., Hoitash, R. (2010). "Associating Perceived Tone at the Top and Earnings Quality." Presented at the American Accounting Association's AAA Audit Section Midyear Meeting, San Diego, CA.

Levy, E. S., Osterheld, K. K., Thibodeau, J. C. (2009). "An Approach to Teach Students about the Conceptual Framework and Careers -a Presentation by Recipients of AICPA Honorable Mention for the Sanders and Chain Awards for Innovation in Teaching."

Massey, D., Thibodeau, J. C., Usoff, C. A. (2008). "Perceptions of Generation Y CPA Recruits: The Importance of Work Life Balance and Flexibility." Presented at the American Accounting Association's American Accounting Association Annual Meeting, Anaheim, CA.

Levy, E. S., Osterheld, K. K., Thibodeau, J. C. (2008). "An Approach to Teach Introduction to Accounting Students about the Conceptual Framework and Career Opportunities in the Post-Sarbanes Accounting Environment."

Cleary, R. J., Thibodeau, J. C. (2008). "Statistics and Fraud Detection: Benford's Law and Applications to Auditing."

Gelinas, Jr., U. J., Schwarzkopf, D. L., Thibodeau, J. C. (2005). Integrating Alchemy, Inc., in the AIS and auditing curricula at Bentley College. Presented at the American Accounting Association Annual Conference, San Francisco, CA.

Feldmann, D. A., Koulish, R., Osterheld, K. K., Thibodeau, J. C. (2005). "The Role of Community Service in a For-Profit Organization." Presented at the Mid-Atlantic Regional Meeting of the American Accounting Association, Philadelphia, PA.

Feldmann, D. A., Koulish, R., Osterheld, K. K., Thibodeau, J. C. (2005). "The Role of Community Service in a For-Profit Organization." Presented at the National Meeting of the American Accounting Association, San Francisco, CA.

Gelinas, Jr., U. J., Schwarzkopf, D. L., Thibodeau, J. C. (2005). "Integrating Alchemy, Inc., in the AIS and auditing curricula at Bentley College." Presented at the Northeast Regional Conference of the American Accounting Association, Tarrytown, NY.

Gelinas, U., Thibodeau, J. C., Usoff, C. A., Levy, E. S. (2004). "Effectively Integrating Technology in the Audit Course: An Application of the Technology Acceptance Model." Presented at the Americas Conference on Information Systems, New York, New York.

Thibodeau, J. C., Clausen, T. S., Schwarzkopf, D. L. (2004). "The relative effects of industry and task experience on auditors' sensitivity to cues in going-concern judgments: A signal detection theory approach." Presented at the Central States Accounting Research Workshop, Manhattan, KS.

Abdolmohammadi, M. J., Simnett, R., Thibodeau, J. C., Wright, A. (2002). "Business and Industry Knowledge: A Conceptual Model for Financial Analysts." Presented at the American Accounting Association Annual Meeting, San Antonio, TX.

Abdolmohammadi, M. J., Simnett, R., Thibodeau, J. C., Wright, A. (2002). "Differential Use of Information by Financial Analysts in the New Economy: Implications for Financial Reporting." Presented at the Mid-year Meeting of the Auditing Section of the American Accounting Association, Orlando, FL.

Abdolmohammadi, M. J., Simnett, R., Thibodeau, J. C., Wright, A. (2001). "Differential Use of Information by Financial Analysts in the New Economy: Implications for Financial Reporting." Presented at the International Symposium on Auditing Research (ISAR) at Nanyang Technological University, Singapore.

Usoff, C. A., Thibodeau, J. C., Burnaby, P. A. (2001). "The Importance of Intellectual Capital and Its Effect on Performance Measurement Systems: An Empirical Observation."

Burnaby, P. A., Gelinas, Jr, U. J., Gogan, J. L., Schwarzkopf, D. L., Thibodeau, J. C. (2000). "Assimilating Assurance Services into the Accounting Curriculum."

Abdolmohammadi, M. J., Simnett, R., Thibodeau, J. C., Wright, A. (2000). "Differential Use of Information by Financial Analysts in the New Economy: Implications for Financial Reporting." Presented at the New England Behavioral Accounting Research Series (NEBARS), Northeastern University, Boston.

Thibodeau, J. C. (1997). "The Level of Managerial Ownership as a Determinant of Actuarial Cost Method Switches." Presented at the Northeast Regional Meeting of the American Accounting Association, Binghamton, NY.

Thibodeau, J. C. (1996). "Abstract - The Effect of Experience on the Development of Knowledge Structures That Transfer Across Audit Domains." Presented at the University of Illinois Symposium on Auditing Research, University of Illinois - Urbana-Champaign, IL.

Service

Department Service
Committee Chair for Audit/AIS Curriculum Committee - Present
Invited Speaker
Invited Speaker
Committee Member for PhD Committee - Present
Committee Member for PwC xTAX Case Competition - Present
Committee Chair for Accounting Advisory Board Committee, 2012 - Present
Moderator, 2013 - 2013

University Service
Ad-Hoc Volunteer for Career Services at Bentley Universtiy
Mentor (Faculty) for Student Advisor - Present
Guest Speaker for Controller's Roundtable, 2013 - 2013
Liasion - 2013 Fall Research Event for Research Committee, 2013 - 2013
Guest Speaker for Bentley University Academic Integrity Society, 2013 - 2013
Guest Speaker for CFO Roundtable, 2013 - 2013

Professional Service
Editorial Review Board Member for Advances in Accounting Education, 2010 - Present
Editorial Review Board Member for Current Issues in Auditing, 2010 - Present
I am the President-Elect for the Auditing Section. For 2013/2014, I will serve as VP Academic. For 2014/2015, I will serve as President. For 2015/2016, I will serve as Past President. for Auditing Section of the American Accounting Association., 2013 - 2016
Strategic Planning Committee - Data for Auditing Section of the American Accounting Association., 2010 - 2013
Reviewer, Journal Article for Accounting, Organizations and Society - 2012
Reviewer, Conference Paper for American Accounting Association - 2012
Reviewer, Journal Article for Journal of Accounting Education - 2012
Tenure Review Analysis and Recommendation Letter for University of Maine Educational System - 2012
Tenure Review Analysis and Recommendation Letter for University of Wisconsin Educational System - 2012