Stephen Moehrle, professor at the University of Missouri—St. Louis, received the 2019 AICPA Distinguished Achievement in Accounting Education Award, and Panos N. Patatoukas and Yaniv Konchitchki, professors at the University of California, Berkeley, received the 2019 Notable Contributions to Accounting Literature Award.
The Distinguished Achievement in Accounting Education Award recognizes full-time college accounting educators who excel in teaching and have achieved national prominence in the accounting profession. Moehrle has spent nearly 30 years teaching accounting, and his work includes the books The CPA Profession: Opportunities, Responsibilities, and Services, published by the AICPA, and Understanding Academic Accounting Regulation Research: Before and After Sarbanes-Oxley.
The Notable Contributions to Accounting Literature Award is given to work that has withstood scrutiny based on criteria such as originality, breadth of potential interest, soundness of methodology, and potential impact on accounting education. Patatoukas and Konchitchki co-authored the papers "Accounting Earnings and Gross Domestic Product," published in the Journal of Accounting and Economics, and "Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Stock Valuation," published in The Accounting Review. The two researchers evaluated aggregate accounting earnings from the 100 largest companies to determine how the data could be used to forecast GDP and stock market returns.
