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5 forces remaking accounting
Change is afoot in accounting. MIT Sloan experts urge leaders to track ESG, artificial intelligence, blockchain, intangible capital, and “regtech.”
Oct 26, 2021
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Nemit Shroff
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Nemit Shroff is the School of Management Distinguished Professor and a Professor of Accounting at the MIT Sloan School of Management.
Shroff’s primary research interest concerns whether and why accounting disclosures such as audited financial statements, management forecasts, and press releases affect the corporate financing and investing policies of public and private companies. In addition, his research examines the reasons why corporate disclosure is regulated across the world and the economic consequences of regulating (or not regulating) disclosure. His research has been published in top accounting and finance journals and has received several awards, including the 2011 FARS Best Dissertation Award, the 2014 Competitive Manuscript Award, and the 2016 FARS Best Paper Award.
Born in India, Shroff earned his undergraduate degree from the University of Mumbai and his MBA from Amrita School of Business. He then came to the U.S. to pursue his doctoral degree at the University of Michigan.
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Publications
Featured Publication
"Real Effects of PCAOB International Inspections."Shroff, Nemit. The Accounting Review Vol. 95, No. 5 (2020): 399-433. Download Paper.
Featured Publication
"Why Regulate Private Firm Disclosure and Auditing?"Minnis, Michael, and Nemit Shroff. Accounting and Business Research Vol. 47, No. 5 (2017): 473-502.
"Investments in the Financial Reporting Process."
Khrakovsky, Maria, and Nemit Shroff. In Handbook on the Financial Reporting Environment, edited by Allison Koester, Sarah Elizabeth McVay, and Weili Ge, 1-38. Cheltenham, UK: Edward Elgar Publishing Ltd, 2025. SSRN Preprint.
"Spillover Effects of Mandatory Portfolio Disclosures on Corporate Investment."
Sani, Jalal, Nemit Shroff, and Hal White. Journal of Accounting and Economics Vol. 76, No. 2-3 (2023): 101641.
"The Dark Side of Audit Market Competition."
Pan, Yue, Nemit Shroff, and Pengdong Zhang. Journal of Accounting and Economics Vol. 75, No. 1 (2023): 101520.
"Insights into Auditor Public Oversight Boards: Whether, How, and Why they 'Work'."
Hanlon, Michelle and Nemit Shroff. Journal of Accounting and Economics Vol. 74, No. 1 (2022): 101497. Download Paper.
Recent Insights
Press
MIT Sloan study finds positive impact of auditor regulatory oversight
PCAOB inspection facilitates increased investment and capital raising
Aug 1, 2017
Media Highlights
Press
ProMarket
Don't dismantle America's audit regulator—it's a strategic asset against China
Professor Nemit Shroff and co-author wrote: "Tucked into the latest House reconciliation bill is a stealth proposal to eliminate the Public Company Accounting Oversight Board and fold its work into the Securities and Exchange Commission. It may sound at first like bureaucratic belt-tightening. In reality, it's a strategic blunder that could weaken American oversight in China, compromise financial transparency, and undercut the United States's global leadership position."
Press
The Wall Street Journal
Two Boards Oversee Public Companies’ Accounting. Why Is One’s Independence More at Risk?
“Independence is absolutely essential for both organizations, but the PCAOB is more in the line of fire than the FASB."
Press
TechTarget
Employer power over H-1B workers could create financial risk
If visa workers were less fearful of having to leave the country they would be "more likely to blow the whistle if they observe misconduct."