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Matthew G. Sherwood

Associate Professor | John F. Kennedy Teaching Fellow

Accounting
Matthew G. Sherwood is an Associate Professor of Accounting at the Isenberg School of Management, University of Massachusetts Amherst. He earned his PhD from the University of Kansas and his BS from t

Matthew G. Sherwood is an Associate Professor of Accounting at the Isenberg School of Management, University of Massachusetts Amherst. He earned his PhD from the University of Kansas and his BS from the University of Michigan-Dearborn. His research examines audit quality, auditor regulation, audit technology and innovation, and the economics of audit production, including offshoring and shared services centers. Before entering academia, he spent ten years with PricewaterhouseCoopers, including work in core assurance, data risk and management, an international secondment in Dublin, and a research fellowship with PwC's Center for Advanced Research. He served as an Economic Research Fellow in the PCAOB's Office of Economic and Risk Analysis and currently serves as a visiting scholar with the PCAOB. His work has been published in leading accounting journals, including Journal of Accounting Research, and has been cited in SEC and PCAOB policy-making materials. At Isenberg, he teaches data analytics for accounting professionals.

Education

PhD, University of Kansas, 2016
BS, University of Michigan – Dearborn, 2001

Professional Experience

Manager, PricewaterhouseCoopers LLP, 2001 - 2011

Academic Appointments

Assistant Professor of Accounting, University of Massachusetts, Amherst, 2016-Present
Economic Research Fellow, Public Company Accounting Oversight Board, 2020-21
Visiting Economic Research Fellow, Public Company Accounting Oversight Board,, 2021-present

Recent Honors / Awards

Visiting Economic Research Fellow, PCAOB, 2021-present
Editorial Board Member, Auditing: A Journal of Practice & Theory, 2020-present
AJPT Award for Outstanding Reviewer Performance, 2024
Isenberg Excellence in Teaching Award, 2022
Finalist - University Distinguished Teaching Award, 2020, 2021
Economic Research Fellow, PCAOB, 2020-2021
AAA/Deloitte/Michael J. Cook Doctoral Consortium Representative, Dallas, TX, 2014
EY Center for Auditing Research & Advanced Technology, Doctoral Fellowship, 2014
AICPA, Accounting Doctoral Scholars (ADS) Scholarship Recipient, 2011-2015

Research Interests

Audit Quality
Auditor Regulation
Offshoring & Shared Service Centers
Audit Technology and Innovation
Audit Market Competition

Teaching Interests

General
  • Data Analytics
  • Auditing
  • Financial Accounting

Selected Publications

Sherwood. M. G. (2025)"Offshore Shared Services Center Usage by U.S. Big 4 Audit Engagement Teams. Journal of Accounting Research (Accepted November 2024).*

Nagy, A., M. Sherwood., and A. Zimmerman. 2023. CPAs and Big 4 Audit Quality. Journal of Accounting and Public Policy, 42(2), 107018.*

Ettredge, M., M. Sherwood, L. Sun. 2020. Office-Client Balance and Metro Area Audit Market Competition. AUDITING: A Journal of Practice & Theory 39 (4): 113-141. 

Kuang, L., H. Li, M. Sherwood, and R. Whited. 2020. Mandatory Audit Partner Rotations and Audit Quality in the United States. AUDITING: A Journal of Practice & Theory 39 (3): 161-184.

Sherwood, M., A. Nagy, and A. Zimmerman. 2020. Non-CPAs and Office Audit Quality. Accounting Horizons 34 (3): 169-1991.

Ettredge, M., M. Sherwood, and L. Sun. 2018. Effects of SOX 404(b) Implementation on Audit Fees by SEC Filer Size Category. Journal of Accounting and Public Policy 37 (1): 21-38.** 

Masli, A., M. Sherwood, and R. Strivastava, 2018. Attributes and Structure of an Effective Board of Directors: A Theoretical Investigation. Abacus, 54 (4), 485-523.

* Cited by the PCAOB in the 2024 Firm Engagement Metrics standard-setting release.
** Cited by the SEC in rule proposal on amendments to Accelerated Filer and Large Accelerated 

 

Editorial and Review Activities

Editorial Board for AUDITING: A Journal of Practice & Theory, 2020-Present