Doug Prawitt is a leading authority on business risk management and financial control principles. In addition, Professor Prawitt is an expert on financial accounting and reporting, auditing, and internal control over financial reporting (ICFR).
Professor Prawitt has evaluated systems of internal control and their impact on the achievement of operational, compliance, and financial reporting objectives. An experienced expert witness, he has performed such analyses in a variety of litigation contexts, including securities, corporate transactions, and commercial dispute litigation. In multiple such engagements, Professor Prawitt has addressed allegations of fraud.
Professor Prawitt serves on the governing board of the Committee of Sponsoring Organizations of the Treadway Commission (COSO). As a board member, he helped to develop the 2013 COSO Framework, which public companies use to design, evaluate, and test internal systems related to operational, compliance, and financial reporting objectives. Professor Prawitt also currently serves on KPMG’s Independent Audit Quality Advisory Committee and the Comptroller General’s Advisory Council on Standards for Internal Control in the Federal Government (also known as the Green Book Advisory Council).
During his tenure as a member of the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA), Professor Prawitt addressed issues related to internal control, auditor reporting, analytical procedures, and audit sampling. He has consulted with practicing auditors on policy, methodology, and engagement issues for more than twenty-five years.
Professor Prawitt has received awards for his research, including the Wildman Medal from the leading academic accounting association, which recognizes leading-edge contributions to the theory and practice of accounting. He has published articles in The Accounting Review, the Journal of Accounting Research, Contemporary Accounting Research, CPA Journal, and the Journal of Accountancy, among others. He has also served as editor and on editorial boards for several research journals. Professor Prawitt has coauthored numerous books, including two leading college auditing texts.
An award-winning educator with more than two decades of experience, Professor Prawitt has been recognized multiple times for excellence in teaching. At Brigham Young University, he teaches courses on financial auditing and business assurance, financial accounting, and professional judgment and decision-making.