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Prof Peter Carey



Chair In Accounting


Faculty of Business and Law


Deakin Business School


Melbourne Burwood Campus


Doctor of Philosophy, University of New South Wales, 2008
Graduate Diploma (Applied Science in Social Stats), Swinburne Univ. of Technology, 2001
Master of Business Administration, Monash University, 1994
Bachelor of Economics, Monash University, 1983

+61 3 924 46267


Peter Carey is a Professor of Accounting and Head of the Department of Accounting in Deakin Business School. Peter’s research and teaching interests are in the areas of audit and assurance services, corporate governance, financial reporting, with a focus on the SME and not-for-profit environment. He has published research in a number of leading academic journals including The Accounting Review, Auditing: A Journal of Practice and Theory; The Journal of Business Ethics, ABACUS; Journal of Accounting Auditing and Finance; The British Accounting Review; Accounting and Finance. 

Peter has a PhD from the University of New South Wales, Graduate Diploma in Applied Science (Social Statistics) from Swinburne University, Master of Business Administration from Monash University and a Bachelor of Economics from Monash University. He is a Chartered Accountant and a Registered Company Auditor with work experience in both professional practice and industry.

Read more on Peter's profile

Research interests

  • Auditing
  • Corporate Governance
  • Voluntary Disclosure
  • Financial Reporting
  • Small and Medium size Enterprises (SME)
  • Initial Public Offering (IPO)


  • Registered Company Auditor - Australian Securities and Investment Commission.
  • Member - Institute of Chartered Accountants Australia.
  • Member - Accounting and Finance Association of Australia and New Zealand.
  • Member - American Accounting Association.
  • Editorial Board, Journal of Contemporary Accounting and Economics.
  • Editorial Board, Managerial Accounting.

Teaching interests

  • Corporate Governance and Fraud
  • Auditing
  • Financial accounting


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The effect of members on charities' annual reporting: evidence from companies limited by guarantee in Australia

E Johansson, P Carey, G Tanewski, I Yusoff

(2022), Vol. 62, pp. 1851-1886, Accounting and Finance, London, Eng., C1

journal article

Voluntary sustainability assurance, capital constraint and cost of debt: international evidence

P Carey, A Khan, D Mihret, M Muttakin

(2021), Vol. 25, pp. 351-372, International journal of auditing, Chichester, Eng., C1

journal article

Business advice by accountants to SMEs: relationships and trust

R Blackburn, P Carey, G Tanewski

(2018), Vol. 15, pp. 358-384, Qualitative research in accounting and management, Bingley, Eng., C1

journal article

voluntary corporate social responsibility reporting and financial statement auditing in China

W Qu, P Carey, L Liu

(2017), Vol. 13, pp. 244-262, Journal of Contemporary Accounting & Economics, London, Eng., C1

journal article

Detecting Fraud: The Role of the Anonymous Reporting Channel

E Johansson, P Carey

(2016), Vol. 139, pp. 391-409, Journal of Business Ethics, C1

journal article

The role of optimistic news stories in IPO pricing

P Carey, V Fang, H Zhang

(2016), Vol. 41, pp. 16-29, Journal of international financial markets, institutions and money, Amsterdam, The Netherlands, C1

journal article

The provision of business advice to SMEs by external accountants

P Carey, G Tanewski

(2016), Vol. 31, pp. 290-313, Managerial auditing journal, Bingley, Eng., C1

journal article

Corporate governance and quality of forward-looking information Evidence from the Chinese stock market

W Qu, M Ee, L Liu, V Wise, P Carey

(2015), Vol. 23, pp. 39-67, Asian Review of Accounting, C1

journal article

External accountants' business advice and SME performance

P Carey

(2015), Vol. 27, pp. 166-188, Pacific accounting review, Bingley, Eng., C1

journal article

Application of the reporting entity concept in Australia

Peter Carey, Brad Potter, George Tanewski

(2014), Vol. 50, pp. 460-489, Abacus, Melbourne, Vic., C1

journal article

Review of Post-CLERP 9 Australian auditor independence research

Peter Carey, Gary Monroe, Greg Shailer

(2014), Vol. 24, pp. 370-380, Australian accounting review, London, Eng., C1

journal article

Costs and benefits of mandatory auditing of for-profit private and not-for-profit companies in Australia

P Carey, W Knechel, G Tanewski

(2013), Vol. 23, pp. 43-53, Australian accounting review, Richmond, Vic., C1

journal article

Voluntary demand for auditing by farm businesses: an Australian perspective

P Carey, G Tanewski

(2013), Vol. 12, pp. 213-234, Accounting and management information systems, Bucharest, Romania, C1

journal article

Auditors' going-concern-modified opinions after 2011 : measuring reporting accuracy

P Carey, S Kortum, R Moroney

(2012), Vol. 52, pp. 1041-1059, Accounting and finance, Richmond, Vic., C1

journal article

Industry versus task-Based experience and auditor performance

R Moroney, P Carey

(2011), Vol. 30, pp. 1-18, Auditing: journal of practice and theory, [Sarasota, Fla.], C1-1

journal article

Cost associated with going-concern modified audit opinions: an analysis of the Australian audit market

P Carey, M Gieger, B O’Connell

(2008), Vol. 44, pp. 61-81, Abacus, Milton, Qld., C1-1

journal article

Internal audit outsourcing in Australia

P Carey, N Subramaniam, K Chua

(2006), Vol. 46, pp. 11-30, Accounting and finance, Clayton, Vic., C1-1

journal article

Changing conditions in the Hong Kong new issues market

P Carey, A Steen

(2006), Vol. 14, pp. 484-500, Pacific Basin finance journal, Amsterdam, The Netherlands, C1-1

journal article

Audit partner tenure and audit quality

P Carey, R Simnett

(2006), Vol. 81, pp. 653-676, The accounting review, Sarasota, Fla., C1-1

journal article

Outsourcing internal audit services : an empirical study on Queensland government entities

N Subramaniam, C Ng, P Carey

(2004), Vol. 14, pp. 86-95, Australian Accounting Review, Melbourne, Vic., C1-1

journal article

Outsourcing internal audit services : an empirical study on Queensland public-sector entities

N Subramaniam, C Ng, P Carey

(2004), Vol. 14, pp. 86-95, Australian accounting review, Richmond, Vic., C1-1

journal article

Internal control redesign: an exploratory study of Australian organisations

C Stringer, P Carey

(2002), Vol. 8, pp. 61-86, Accounting, accountability and performance, Nathan, Qld., C1-1

journal article

An investigation of Australian auditors' use of the management representation letter

P Carey, B Clarke

(2001), Vol. 33, pp. 1-21, British accounting review, London, England, C1-1

journal article

Voluntary demand for internal and external auditing by family businesses

P Carey, R Simnett, G Tanewski

(2000), Vol. 19, pp. 37-51, Auditing: journal of practice and theory, [Sarasota, Fla.], C1-1

journal article

Determining the optimal external audit interval for private (and family controlled) companies

P Carey, R Guest

(2000), Vol. 15, pp. 439-458, Journal of accounting auditing and finance, Thousand Oaks, Calif., C1-1

journal article

An empirical investigation into the report to management: use content and effectiveness

B Clarke, P Carey

(1997), pp. 62-71, Perspectives on contemporary auditing, Melbourne, Vic., B1-1

book chapter

The impact of firm and professional related factors on perception of audit quality and audit report reliance

P Schelluck, R Simnett, P Carey

(1996), Vol. 8, pp. 20-44, Pacific accounting review, Bingley, England, C1-1

journal article

An empirical investigation into the audit engagement letter: use, content and effectiveness

P Carey, B Clarke, K Smyrnios

(1996), Vol. 6, pp. 64-71, Australian accounting review, Melbourne, Vic., C1-1

journal article

An empirical investigation into the importance to an internal control structure of human resource practices and policies in the prevention and detection of fraud

P Carey, C Stringer

(1995), Vol. 3, pp. 67-80, International journal of business studies, Perth, W. A., C1-1

journal article

Funded Projects at Deakin

Other Public Sector Funding

Financial Statement Reporting Practices of Entities Lodging Under the Corporations Act / Differential Reporting Research Project

Prof George Tanewski, Prof Peter Carey

Australian Accounting Standards Board - commissioned research

  • 2013: $50,000
  • 2012: $13,636

Industry and Other Funding

The Future of Small Accounting Practices: Developing Capabilities and Expertise

Prof Peter Carey, Prof George Tanewski

Institute of Chartered Accounts in Australia Grant - Research

  • 2013: $10,000

Auditor Independence

Prof Peter Carey

CPA Aust Grant - Research

  • 2012: $5,000

IPA-Deakin SME Research Partnership

Prof Peter Carey, Prof George Tanewski, Prof Barry Cooper

Institute of Public Accountants

  • 2015: $66,666
  • 2014: $66,666
  • 2013: $66,666

CEO Remuneration and Firm Performance: Does Information Asymmetry Explain the Gap?

Dr Hong Ang, Prof Peter Carey, Prof Chien-Ting Lin

Accounting & Finance Assoc of Australian & New Zealand Grant - Research

  • 2013: $5,225

IPA - Deakin SME Research Centre

Prof Anne Wyatt, Prof Barry Cooper, Prof Peter Carey, Prof George Tanewski

Institute of Public Accountants

  • 2021: $240,900
  • 2020: $219,000
  • 2019: $219,000
  • 2018: $219,000
  • 2017: $167,000
  • 2016: $167,000

Deakin Integrated Reporting Centre

Prof Peter Carey

Chartered Accountants Australia and New Zealand, Certified Accountants Education Trust, KPMG

  • 2021: $225,000
  • 2020: $187,500

Accounting and business research, funded through the Chartered Accountants Pathway Program Agreement

Prof Peter Carey

Chartered Accountants Australia and New Zealand - Grants

  • 2022: $142,700
  • 2021: $545,065
  • 2020: $408,226


Associate Supervisor

Amirul Hafiz Bin Mohd Nasir

Thesis entitled: Auditing, financial reporting quality and investment decisions of small private companies at different life-cycle stages

Doctor of Philosophy, Department of Accounting


Elka Lucia Johansson

Thesis entitled: The Determinants of Reporting Financial and Non-Financial Information by Charities

Doctor of Philosophy, Department of Accounting


Wen Hua Sharpe

Thesis entitled: Determinants of Corporate Capital Structure: A Comparison of Public and Private Firms

Doctor of Philosophy, Department of Accounting


Azlina Abdul Jalil


Doctor of Philosophy, School of Accounting, Economics & Finance