She obtained her Ph.D. from Stanford University and B.Comm. from the University of Alberta. She is a Chartered Accountant with experience in public practice and industry. She is also a Certified Internal Auditor. Her research interests include capital markets, accounting and disclosure in regulated environments, and accounting for risk. She has published articles in The Journal of Accounting and Economics, The Journal of Accounting Research, and The Journal of Accounting, Auditing, and Finance. At UT, Professor McAnally teaches financial accounting in the M.B.A. and undergraduate programs. She received the 1994 and 2000 Teaching Excellence Award for Outstanding Professor in an M.B.A. Core Class, the 1997 Joe D. Beasley award for teaching excellence in the M.B.A. core, and the 1999 Trammell CBA Award for assistant professors.