Parveen P. Gupta

Parveen P. Gupta joined Lehigh University in 1987. He served as the department chair of accounting for nine years from July 1, 2007 to June 30, 2016. Dr. Gupta has taught numerous courses in the areas of financial accounting, corporate governance, risk management, and internal controls. During his 35-year career at Lehigh University, Dr. Gupta has received numerous awards for excellence in teaching and advising: in 2021 he was recognized with the College of Business Teaching Excellence Award, in 2020 he was nationally recognized twice by Poets & Quants as one of the Top-50 Undergraduate Business Professors, and one of the Most Favorite Professors of the Class of 2020, in 2019 he was recognized with the College of Business Mentorship Excellence Award, in 2016 he was recognized with the Hillman Award for Excellence in Undergraduate Advising which is given annually by the Lehigh University to a faculty member who demonstrates excellence in teaching, research or advancing the interests of Lehigh University and Exemplary Student Advising; in 2014 he was recognized with the Donald B. and Dorothy L. Stabler Award for Excellence in Teaching which is given annually by Lehigh University to a faculty member who demonstrates mastery of his or her field and superior ability in communicating it to others; in 2009 he received the Robert and Christine Staub Excellence Award for Undergraduate Teaching which honors a faculty member in the College of Business who is perceived to have made a positive difference in the lives of students, the college community, or with fellow faculty members; and in 2000 and 2003 he was recognized by his graduate students with the Outstanding MBA Professor of the Year Award.

He is also the recipient of the 2019 Joseph A. Silvoso Faculty Merit Award from the Federation of Schools of Accountancy. In 2016 he was recognized with the Statewide Outstanding Accounting Educator Award, which is presented to a university professor by the Pennsylvania Institute of Certified Public Accountants (PICPA). He has also received the prestigious 2005 Innovation in Accounting Education National Award from the American Accounting Association for developing and teaching a graduate-level course on Governance, Risk and Control.

Dr. Gupta has served for one year as an academic accounting fellow in the division of corporation finance at the U.S. Securities and Exchange Commission (SEC). While at the commission, he 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 evaluated registrant financial statements and 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 Sarbanes-Oxley Act’s Section 404, he and his team members were recognized by then chairman Christopher Cox with Securities and Exchange Commission’s Law and Policy Award in 2007. Dr. Gupta has also served as a member of the Investor Advisory Board of the Public Company Accounting Oversight Board (PCAOB).

Dr. Gupta is nationally recognized in Sarbanes-Oxley, corporate governance, financial disclosure and internal control, audit committee effectiveness, and enterprise risk management. 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 extensive advisory experience is working with US-based manufacturing, financial services firms, energy industry clients, and Big-4 public accounting firms.

He has published 29 research articles in major academic and practitioner journals (with 1,768 citations) including Accounting, Organizations and Society; Accounting Horizons; Journal of Contemporary Accounting and Economics; Journal of Accounting, Auditing and Finance; Journal of International Accounting Research, Administrative Science Quarterly; American Sociological Review; Organization Studies; International Journal of Accounting; Managerial Auditing Journal; The Journal of Corporate Accounting and Finance; International Journal of Disclosure and Governance; Management Accounting Quarterly; Internal Auditor; and Journal of Accountancy. He is also the author or co-author of six externally funded Research Monographs, Practice Guidance, and books. His research has been funded by major professional accounting organizations such as the American Accounting Association, Financial Executive International, the Institute of Management Accountants, and the Institute of Internal Auditors.

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 contributions by the Association of Chartered Accountants in U.S. with a Best Paper Award in 1990, Lehigh University’s Beidleman Research Award in 2001, Vernon Zimmerman Award for Best International Accounting Research Paper in 2008, the Institute of Management Accountants’ Certificate of Merit Award in 2007, the Lybrand Bronze Medal Award in 2008, and Best Plenary Research Paper Award at the Contemporary Accounting Research/Journal of Contemporary Accounting and Economics Special Joint Symposium in 2009.

Dr. Gupta is a frequent presenter at numerous academic and professional conferences at both the national and international level. He has appeared on CNNfn’s Maverick of the Morning show, WFMZ TV 69, Voice of America SAP’s Radio Program  Coffee Break with Game Changers and is often quoted in media publications such as CFO Magazine, Compliance Week, Democrat & Chronicle, Christian Science Monitor, The Morning Call, The Agenda, Dow Jones Marketwatch.com, Knowledgeleader.com, and CFO.com. Some of his representative publications are listed below.

Education

• University of Delhi, India, B.Com. (Honors) (1976)
• University of Delhi, LL.B. (1980)
• University of Connecticut, M.B.A. (1983)
• Pennsylvania State University, Ph.D. (1987)

Research Interests

• Corporate governance and firm performance; 
• Audit quality; earnings management and financial reporting quality; 
• Financial regulation and information asymmetry in capital markets; 
• Financial Reporting and Cost of Capital

• Gupta, Parveen P., Kevin Lam, Heibatollah Sami, and Haiyan Zhou (2022), “Do Religion and Politics Impact Corporate Governance Diversity Policy.” Asian Review of Accounting, vol. 30 (1), pp.1-30.
• Chen, Lucy H., Saiying Deng, Parveen P. Gupta, and Heibatollah Sami (Spring 2019), “The Impact of Eliminating the 20-F Reconciliation on the Cost of Debt: An Exploratory Study.” Journal of International Accounting Research, vol.18 (1), pp. 1-25.
• Gupta, Parveen P., Heibatollah Sami, and Haiyan Zhou (April, 2018), “Do Companies with Effective Internal Controls over Financial Reporting Benefit from Sarbanes-Oxley Sections 302 and 404.” Journal of Accounting, Auditing and Finance, vol. 33 (2), pp. 200-227.
• Anderson, Anne, Jill Brown and Parveen P. Gupta (November 2017), “Jurisdictional Competition for Corporate Charters and Firm Value: A Reexamination of the Delaware Effect.” International Journal of Disclosure and Governance, vol. 14, No. 4, pp. 341-356. Adapted and published in Columbia Law School’s “The CLS Blue Sky Blog” on October 16, 2017.
• Chen, Lucy H., Saiying Deng, Parveen P. Gupta, and Heibatollah Sami (April 2015), “The SEC’s Elimination of 20-F Reconciliation and Information Asymmetry.” Journal of Contemporary Accounting and Economics, vol. 1, Issue 1, pp. 75-87.
• Gupta, Parveen P., Thomas R. Weirich, and Lynn E. Turner (June 2013), “Sarbanes-Oxley and Public Reporting on Internal Control: Hasty Reaction or Delayed Action.” Accounting Horizons, vol. 27, no. 2, pp. 371-408.
• Gupta, Parveen P., Philip D. Bahrman, Joseph Carcello et al., (April 2011), Auditing the Control Environment, International Professional Practice Framework (IPPF)-Practice Guide, Altamonte Springs, Florida: Institute of Internal Auditors. 35 pages.
• Chan, Sally, Parveen P. Gupta and Tim Leech (February 2006), Sarbanes-Oxley: A Practical Guide to Implementation Challenges and Global Response, London, England: Risk Books. 153 pages.
• Gupta, Parveen P. (September 2006), COSO 1992 Framework and Management Reporting on Internal Control over Financial Reporting: Survey and Analysis of Implementation Practices­, Montvale, New Jersey: Institute of Management Accountants. Sponsoring Organization: Institute of Management Accountants (IMA). 125 pages. Translated into Chinese and Republished in 2008.
• Gupta, Parveen P. and Tim Leech (March 2006), “Making Sarbanes-Oxley 404 Work: Reducing Cost, Increasing Effectiveness.” International Journal of Disclosure and Governance, vol. 3, No. 1, pp. 27-48.   
• Gupta, Parveen P. and Tim Leech (2005), Control Deficiency Reporting: Review and Analysis of Filings during 2004, Montvale, New Jersey: Financial Executive Research Foundation. Sponsoring Organization: Financial Executives Research Foundation (FERF). 48 pages.
• Gupta, Parveen P. (2001), Internal Audit Reengineering Survey, Model and Best Practices, Altamonte Springs, Florida: Institute of Internal Auditors Research Foundation. Sponsoring Organization: Institute of Internal Auditors Research Foundation (IIARF). 241 pages.
• Dirsmith, Mark W., Timothy J. Fogarty and Parveen P. Gupta (2000), “Institutional Pressures and Symbolic Displays in a GAO Context.” Organization Studies, vol. 21, No. 3, pp. 515-537.
• Basu, Onkar N., Mark W. Dirsmith and Parveen P. Gupta (August 1999), “The Coupling of the Symbolic and the Technical in an Institutionalized Context: The Negotiated Order of the GAO’s Audit Reporting Process.” American Sociological Review, vol. 64, No. 4, pp. 506-526.
• Gupta, Parveen P., Narayan S. Umanath, and Mark W. Dirsmith (1999), “Supervision Practices and Audit Effectiveness: An Empirical Analysis of GAO Audits.” Behavioral Research in Accounting, vol. 11, pp. 27-49.
• Gupta, Parveen P. and Manash R. Ray (1995), Total Quality Improvement Process and the Internal Auditing Function, Altamonte Springs, Florida: Institute of Internal Auditors Research Foundation. Sponsoring Organization: Institute of Internal Auditors Research Foundation (IIARF). 303 pages.
• Carpenter, Brian W., Mark W. Dirsmith and Parveen P. Gupta (July 1994), "Materiality Judgments and Audit Firm Culture: Social-Behavioral and Political Perspectives." Accounting, Organizations and Society, vol. 19, No. 4/5, pp. 355-380
• Gupta, Parveen P., Mark W. Dirsmith and Timothy J. Fogarty (June 1994), "Coordination and Control in a Governmental Agency: Contingency and Institutional Perspectives on GAO Audits.” Administrative Science Quarterly, vol. 39, No. 2, pp. 264-284.