This year’s award honors Wysocki, Luzi Hail of the Wharton School and Christian Leuz of the University of Chicago, for two co-authored research papers that provide a detailed analysis of the potential U.S. adoption of International Financial Reporting Standards (IFRS).

The first paper, “Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. Part 1: Conceptual Underpinnings and Economic Analysis,” analyzes the economic factors influencing the costs and benefits of U.S. IFRS adoption.

The second paper, “Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. Part 2: Political Factors and Future Scenarios for U.S. Accounting Standards,” analyzes the policy factors surrounding the possible U.S. adoption of IFRS and evaluates possible scenarios for the future evolution of U.S. accounting standards.

Wysocki and his co-authors will share a $5,000 prize, which will be formally awarded in August at the 2011 American Accounting Association annual meeting in Denver.