ICAEW awards Chicago Booth professor with honorary membership for revolutionizing accounting profession
The Institute of Chartered Accountants in England and Wales (ICAEW) presented University of Chicago Booth School of Business Professor Ray Ball with honorary membership in recognition of his outstanding contribution to the accounting profession.
Ball is the Sidney Davidson Distinguished Service Professor of Accounting at Chicago Booth where he studies corporate disclosure, earnings and stock prices, international accounting and finance, market efficiency and investment strategies.
Ball’s research revolutionized the understanding of the impact of corporate disclosure, in particular earnings releases, on share prices. He is coauthor of the 1968 article, "An Empirical Evaluation of Accounting Income Numbers," considered to be one of the most influential publications in the history of accounting research. The article has been cited in more than 5,000 publications.
The ICAEW recognized Ball for transforming the understanding of the role of financial reporting information in capital markets and of the challenges of internationalizing accounting standards.
“Professor Ray Ball has made a tremendous contribution to the accountancy and finance profession,” said ICAEW President Andrew Ratcliffe. “He has consistently supported ICAEW Financial Reporting Faculty and given advice on different aspects of its work – especially the Faculty’s Information for Better Markets program. He is an inspiring researcher who has made a tremendous contribution to the public understanding of the practical importance of accounting, especially in a global context. We are delighted to welcome him as a member."
Honorary membership of ICAEW has been awarded since 2006 to those individuals who have made significant contributions to the accountancy profession or to the finance or business world, achieved professional or academic prominence in related disciplines, or have made a significant contribution to ICAEW’s work.
Ball joins Sir Christopher Hogg, HRH The Prince of Wales, the late Sir Adrian Cadbury, Wang Jun, Chinese Vice Minister of Finance, Professor Stephen Zeff and Sir Bryan Nicholson as ICAEW honorary members.
Ball received a bachelor's degree in accounting from the University of New South Wales in Australia, and an MBA in 1968 and a PhD in economics in 1972 from Booth. He joined Booth faculty in 2000, after serving as the Wesray Professor in Business Administration at the William E. Simon Graduate School of Business Administration at the University of Rochester.
Ball was elected to the Accounting Hall of Fame in 2009. The American Accounting Association honored him as its 2012 Presidential Scholar (together with Philip Brown) and in 2014 with its FARS Lifetime Achievement Award.
Established in 1880, ICAEW is a professional membership organization, supporting more than 146,000 chartered accountants around the world.
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