Office: 345 RBC Phone: 610-758-3443 Fax: 610-758-6429 Email: ppg0@lehigh.edu Corporate Governance and Business Risk Management Financial Reporting for Managers and Investors Managing Physical and Financial Resources Managerial Accounting Intermediate Accounting I Introduction to Financial Accounting Introduction to Managerial Accounting

Dr. Parveen P. Gupta joined Lehigh University in 1987 with a Ph.D. from Pennsylvania State University. In addition to having an MBA from the University of Connecticut, Dr. Gupta also holds a law degree from the University of Delhi in India. Since joining Lehigh, Dr. Gupta has taught numerous courses in the areas of financial accounting, corporate governance, business risk management, and internal auditing. In the recent past, Dr. Gupta was twice recognized by his graduate students as the Outstanding MBA Professor of the Year. During 2005 he also received the prestigious “Innovation in Accounting Education” national award from the American Accounting Association for his graduate course on corporate governance.

Dr. Gupta returned to Lehigh University as the Chair of its Accounting Department in July 2007 from a one-year sabbatical serving as the Academic Accounting Fellow in the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC). While at the Commission, Dr. Gupta worked closely with the Division’s Chief Accountant and participated actively on the project that involved issuing the Commission’s Guidance on Management’s Report on Internal Control under Sarbanes-Oxley Act Section 404 and Public Company Accounting Standard Board’s (PCAOB) Auditing Standard No. 5 on Auditing Internal Control.  Additionally, Dr. Gupta reviewed registrant filings and regularly worked with the Office of the Chief Accountant staff on accounting issues in areas such as revenue recognition, pensions, leases, derivatives and fresh start accounting. In recognition of the work on S-OX 404, Dr. Gupta and his team members were recognized by Chairman Cox with the SEC’s prestigious “Law and Policy” award at the SEC’s Annual Award ceremony on May 23, 2007.  

Dr. Gupta is a nationally recognized expert in Sarbanes-Oxley, risk management, financial disclosure and internal control, audit committee effectiveness, and corporate governance. His current research focuses on understanding how a firm’s corporate governance practices affect quality of its financial reporting and consequently its financial and capital market performance. Additionally, his research also focuses on investigating the value relevance of the internal control disclosures under Sarbanes-Oxley Act and the suitability of the various control models in helping management assess and auditors certify the effectiveness of a company’s internal controls over financial reporting pursuant to Section 404. Dr. Gupta’s consulting experience is in the related areas and includes working with US-based manufacturing, financial services firms, energy industry clients and Big-4 public accounting firms.

He has published numerous research articles in the following major academic and practitioner journals: Administrative Science Quarterly, American Sociological Review, Accounting, Organizations and Society, Organization Studies, International Journal of Accounting, International Journal of Disclosure and Governance, Management Accounting Quarterly, Internal Auditor, Managerial Auditing Journal, and Journal of Accountancy. He is also the author or co-author of four major externally funded Research Monographs and a recent book on Sarbanes-Oxley and Internal Control. His research has been cited in widely read business publications such as the Wall Street Journal, Treasury and Risk Management, and Compliance Week. He has been recognized for his research accomplishments by the Association of Chartered Accountants in U.S. with a Best paper Award in 1990, Lehigh University’s Beidleman Research Award in 2001, and the Institute of Management Accountants Certificate of Merit award in 2007 and the Lybrand Bronze Medal award in 2008. 

Dr. Gupta is a frequent presenter at numerous academic and professional conferences both at a national and international level. He has appeared on CNNfn’s “Maverick of the Morning” show and is often quoted in media publications such as CFO Magazine, Compliance Week, Democrat & Chronicle, Christian Science Monitor, The Morning Call, Dow Jones Marketwatch.com, Knowledgeleader.com, and CFO.com. Dr. Gupta’s other professional activities include editorial board positions, and leadership roles within various professional organizations including having served as a board member with the Canadian Institute of Chartered Accountants, senior Sarbanes-Oxley Advisor to the Institute of Management Accountants, member of the program advisory board of the Philadelphia Chapter of the National Association of Corporate Directors, chair of the Professionalism and Ethics Committee of the American Accounting Association, and, a member of the Institute of Internal Auditor’s Professional Issues Committee and the International Committee on Quality.

Research Interests

• Corporate governance and firm performance.
• Audit committee independence and quality of financial reporting and external auditing.
• Information content of control deficiency disclosures under the Sarbanes-Oxley Act of 2002.
• Audit firm performance evaluation practices and audit quality.
• Control and coordination practices within audit teams in the presence of technical, institutional, sociological and cognitive constraints.

Publications and Working Papers

• COSO 1992 Framework and Management Reporting on Internal Control over Financial Reporting: Survey and Analysis of Implementation Practices, Research Monograph. Published by the Institute of Management Accountants. 2006.
• Sarbanes-Oxley: A Practical Guide to Implementation Challenges and Global Response, (with Sally Chan and Tim Leech). Professional Book. Published by the Risk Books. 2006.
• Control Deficiency Reporting: Review and Analysis of Filings during 2004 (with Tim Leech). Research Monograph. Published by the Financial Executive Research Foundation. 2005
• "Making Sarbanes-Oxley 404 Work: Reducing Cost, Increasing Effectiveness," (with Tim Leech). International Journal of Disclosure and Governance. March 2006, Vol. 3, No. 1, pp. 27-48.
• "Institutional Pressures and Symbolic Displays in a GAO Context," (with Mark Dirsmith and Tim Fogarty) Organization Studies, 2000, Vol. 21 no. 3, pp. 515-537.
• "The Coupling of the Symbolic and the Technical in an Institutionalized Context: The Negotiated Order of the GAO's Audit Reports," (with Onkar Basu and Mark Dirsmith) American Sociological Review, 1999, Vol. 64 (August), pp. 506-526.
• "Supervision Practices and Audit Effectiveness: An Empirical Analysis of GAO Audits," (with Narayan Umanath and Mark Dirsmith) Behavioral Research in Accounting, 1999, Vol. 11, pp. 27-50.
• "Coordination and Control in a Governmental Agency: Contingency and Institutional Perspectives on GAO Audits," (with Mark Dirsmith and Tim Fogarty) 1994, Administrative Science Quarterly, Vol. 39 (June), pp. 264-284.
• "Materiality Judgments and Audit Firm Culture: Social-Behavioral and Political Perspectives," (with Brian Carpenter and Mark Dirsmith) Accounting, Organizations and Society, 19994, Vol. 19 no. 4/5, (July), pp. 355-380.