Faculty and ResearchExpert Guide

Kannan Raghunandan

Kannan Raghunandan

Ryder Business Leader E Chair

Director, Master of Accounting Program

Eminent Scholar
School of Accounting

College of Business
Florida International University

Modesto A. Maidique Campus
11200 S.W. 8th St, MANGO 336
Miami, FL 33199

P: (305) 348-3275
E: raghu@fiu.edu

Education

  • PhD, Accounting
    University of Iowa, Iowa City, Iowa
  • Post Graduate Diploma, Management
    Indian Institute of Management, Calcutta, India
  • Bachelor, B.E. (Honours)
    University of Madras, Madras, India

Areas of Expertise

  • Audit and Internal Controls
  • Corporate Governance
  • Financial Accounting
  • Internal Controls and Auditing

Professional Activities

Dr. Raghunandan (Raghu) has extensive academic and professional experience in accounting. Before graduate studies, he worked as an internal auditor with Tube Investments of India Ltd. Prior to joining FIU, he was on the faculty of Bentley College, the University of Massachusetts at Dartmouth, and as the Radcliffe Killam Distinguished Professor of Accounting at Texas & M International University.

Raghu's teaching interests include Accounting and Auditing. He currently teaches courses in the areas of Data Analytics and the Environment of the Accounting Profession. In his classes, he uses many innovative approaches and provides students with access to leading pedagogical materials, including free access to students for the courses available at DataCamp.com.

Raghu's research interests have spanned the broad areas of audit markets and corporate governance. He has multiple publications in each of the following premier accounting, auditing, and pedagogical journals: The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Auditing: A Journal of Practice and Theory, Journal of Accounting Auditing & Finance, Accounting Horizons, and Issues in Accounting Education. He also has multiple publications in practitioner journals such as Journal of Accountancy, CPA Journal and Internal Auditor. His research has been cited in numerous publications of the GAO, PCAOB, and SEC.

Raghu has served as an Associate Editor of Auditing: A Journal of Practice and Theory, Journal of Accounting Auditing & Finance and Accounting Horizons. He serves (or has served) on the Editorial Boards of, or as reviewer for, many other journals including The Accounting Review, Contemporary Accounting Research,  Journal of Accounting & Public Policy, and Issues in Accounting Education.

Courses Taught

  • Accounting for Decisions
  • Accounting for Managers
  • Accounting Information Systems Technology, Control and Audit I
  • Accounting Research and Reporting
  • Auditing
  • Current Issues in Auditing
  • Dissertation Preparation
  • Doctoral Research in Business Administration
  • Environment of Accounting and Auditing
  • Evolution of Accounting Thought
  • Financial Accounting II
  • Global Accounting, Auditing and Financial Strategy
  • Ph.D. Dissertation
  • Seminar: Empirical Research Methodology and Paradigms in Accounting
  • Seminar: Positive Theory Research in Accounting
  • Seminar: Special Topics in Accounting Research
  • Seminar: The Philosophy of Science, Theory Construction, and Verification in Accounting
  • Value Added Accounting Practices in Strategic Business

Refereed Journal Articles

Fan, Y., Li, C. & Raghunandan, K. (2017). Is SOX 404(a) Management Internal Control Reporting an Effective Alternative to SOX 404(b) Internal Control Audits?.  Auditing: A Journal of Practice and Theory. 36 (3), 71-89.


Barua, A., Raghunandan, K. & Rama, D. (2017). Shareholder Votes on Auditor Ratification and Subsequent Auditor Dismissals.  Accounting Horizons. 31 (1), 129-139.


Huang, H., Lin, S. & Raghunandan, K. (2016). The Volatility of Other Comprehensive Income and Audit Fees.  Accounting Horizons. 30 (2), 195-210.


Huang, H., Raghunandan, K., Huang, T. & Chiou, J. (2015). Fee Discounting and Audit Quality Following Audit Firm and Audit Partner Changes: Chinese Evidence.  The Accounting Review. 90 (4), 1517-1546.


Narayanaswamy, R., Raghunandan, K. & Rama, D. (2015). Satyam Failure and Changes in Indian Audit Committees.  Journal of Accounting, Auditing and Finance. 30 (4), 529-540.


Geiger, M., Raghunandan, K. & Riccardi, W. (2014). The Global Financial Crisis: U.S. Bankruptcies and Going-Concern Audit Opinions.  Accounting Horizons. 28 (1), 59-75.


Carson, E., Fargher, N., Geiger, M., Lennox, C. & Raghunandan, K. (2013). Audit Reporting for Going-Concern Uncertainty: A Research Synthesis.  Auditing: A Journal of Practice and Theory. 32 (Supp.), 353-384.


Munsif, V., Raghunandan, K. & Rama, D. V. (2013). Early Warnings of Internal Control Problems: Additional Evidence.  Auditing: A Journal of Practice and Theory. 32 (2), 171-188.


Singhvi, M., Raghunandan, K. & Mishra, S. (2013). Market reactions to appointment of audit committee directors post-SOX: A note.  Journal of Accounting and Public Policy. 32 (1), 84-89.


Wang, C., Raghunandan, K. & McEwen, R. (2013). Non-timely 10-K Filings and Audit Fees.  Accounting Horizons. 27 (4), 737-756.


Dao, M., Raghunandan, K. & Rama, D. (2012). Shareholder voting on auditor selection, audit fees, and audit quality.  The Accounting Review. 87 (1), 149-172.


Munsif, V., Raghunandan, K. & Rama, D. (2012). Internal Control Reporting and Audit Report Lags: Further Evidence.  Auditing: A Journal of Practice and Theory. 31 (3), 203-218.


Narayanaswamy, R., Raghunandan, K. & Rama, D. (2012). Corporate Governance in the Indian Context.  Accounting Horizons. 26 (3), 583-599.


Munsif, V., Raghunandan, K., Rama, D. & Singhvi, M. (2011). Audit fees after remediation of internal control weaknesses.  Accounting Horizons. 25 (1), 87-106.


DeFusco, R., Mishra, S. & Raghunandan, K. (2010). Changes in the information efficiency of stock prices: Additional evidence.  Financial Review. 45 (1), 153-165.


Tanyi, P., Raghunandan, K. & Barua, A. (2010). Audit report lags after voluntary and involuntary auditor changes.  Accounting Horizons. 24 (4), 671-688.


Davidson, L., Raghunandan, K. & Wrieden, J. (2009). SEC Comment Letters Related to Internal Control Disclosures.  CPA Journal. 79 (8), 34-37.


Vermeer, T., Raghunandan, K. & Forgione, D. (2009). Audit fees at U.S. Non-profit organizations.  Auditing: A Journal of Practice and Theory. 28 (2), 289-303.


Huang, H., Raghunandan, K. & Rama, D. (2009). Audit fees for initial audit engagements before and after SOX.  Auditing: A Journal of Practice and Theory. 28 (1), 171-190.


Liu, L., Raghunandan, K. & Rama, D. (2009). Financial restatements and shareholder ratifications of the auditor.  Auditing: A Journal of Practice and Theory. 28 (1), 225-240.


Vermeer, T., Raghunandan, K. & Forgione, D. (2009). Auditor attestation of management’s evaluation of internal control: Evidence from the non-profit sector.  Research in Governmental and Nonprofit Accounting. 12 (1), 99-119.


Vermeer, T., Rama, D. & Raghunandan, K. (2008). Partner familiarity and audit fees: Evidence from former andersen clients.  Auditing: A Journal of Practice and Theory. 27 (2), 217-229.


Dao, M., Mishra, S. & Raghunandan, K. (2008). Auditor tenure and shareholder ratification of the auditor.  Accounting Horizons. 22 (3), 297-314.


Ogneva, M., Subramanyam, K. R. & Raghunandan, K. (2007). Internal control weakness and cost of equity: Evidence from SOX Section 404 disclosures.  The Accounting Review. 82 (5), 1255-1297.


Huang, H., Liu, L., Raghunandan, K. & Rama, D. (2007). Auditor industry specialization, client bargaining power, and audit fees: Further evidence.  Auditing: A Journal of Practice and Theory. 26 (1), 147-158.


Huang, H., Mishra, S. & Raghunandan, K. (2007). Types of non-audit fees and financial reporting quality.  Auditing: A Journal of Practice and Theory. 26 (1), 133-145.


Krishnan, J., Raghunandan, K. & Yang, J. S. (2007). Were former Andersen clients treated more leniently than other clients? Evidence from going-concern modified audit opinions.  Accounting Horizons. 21 (4), 423-435.


Raghunandan, K. & Rama, D. V. (2007). Determinants of audit committee diligence.  Accounting Horizons. 21 (3), 265-279.


Geiger, M., Raghunandan, K. & Rama, D. (2006). Auditor decision making in different litigation environments: The private securities litigation reform act, audit reports and audit firm size.  Journal of Accounting and Public Policy. 25 (3), 231-252.


Bronson, S., Carcello, J. & Raghunandan, K. (2006). Firm characteristics and voluntary management reports on internal control.  Auditing: A Journal of Practice and Theory. 25 (2), 25-39.


Raghunandan, K. & Rama, D. (2006). Sox section 404 material weakness disclosures and audit fees.  Auditing: A Journal of Practice and Theory. 25 (1), 99-114.


Vermeer, T., Raghunandan, K. & Forgione, D. (2006). The composition of nonprofit audit committees.  Accounting Horizons. 20 (1), 75-90.


Carcello, J., Lin, J. & Raghunandan, K. (2006). Auditors? reporting options and client disclosure quality.  Research in Accounting Regulation. 18 (1), 127-142.


Mishra, S., Raghunandan, K. & Rama, D. (2005). Do investors? perceptions vary with types of non-audit fees? Evidence from auditor ratification voting.  Auditing: A Journal of Practice and Theory. 24 (2), 9-25.


Geiger, M., Rama, D. & Raghunandan, K. (2005). Recent changes in the association between bankruptcies and prior audit opinions.  Auditing: A Journal of Practice and Theory. 24 (1), 21-35.


Carcello, J., Hermanson, D. & Raghunandan, K. (2005). Factors associated with - Public companies? investment in internal auditing.  Accounting Horizons. 19 (2), 69-85.


Read, W., Rama, D. & Raghunandan, K. (2004). Local and regional audit firms and the market for sec audits.  Accounting Horizons. 18 (4), 241-254.


Whisenant, S., Sankaraguruswamy, S. & Raghunandan, K. (2003). Joint determination of audit and non-audit fees.  Journal of Accounting Research. 41 (4), 721-744.


Raghunandan, K. & Rama, D. (2003). Audit committee composition and shareholder actions: Evidence from voting on auditor ratification.  Auditing: A Journal of Practice and Theory. 22 (2), 253-264.


Abbott, L., Parker, S., Peters, G. & Raghunandan, K. (2003). The association between audit committee characteristics and audit fees.  Auditing: A Journal of Practice and Theory. 22 (2), 17-31.


Whisenant, S. J., Sankaraguruswamy, S. & Raghunandan, K. (2003). Market reactions to disclosures of reportable events.  Auditing: A Journal of Practice and Theory. 22 (1), 185-181.


Raghunandan, K. (2003). Non-audit services and shareholder ratification of auditors.  Auditing: A Journal of Practice and Theory. 22 (1), 164-155.


Abbott, L., Parker, S., Peters, G. & Raghunandan, K. (2003). An empirical investigation of audit fees, non-audit fees and audit committees.  Contemporary Accounting Research. 20 (2), 215-234.


Raghunandan, K., Read, W. & Whisenant, S. (2003). Initial evidence on the association between non-audit fees and restated financial statements.  Accounting Horizons. 17 (3), 223-234.


Defond, M., Raghunandan, K. & Subramanyam, K. (2002). Do non-audit service fees impair auditor independence? Evidence from going concern audit opinions.  Journal of Accounting Research. 40 (4), 1274-1247.


Geiger, M. & Raghunandan, K. (2002). Auditor tenure and audit reporting failures.  Auditing: A Journal of Practice and Theory. 21 (1), 67-78.


Geiger, M. & Raghunandan, K. (2002). Audit Reports in the New Litigation Environment.  Accounting Horizons. 16 (1), 17-26.


Read, W., Raghunandan, K. & Brown, C. (2001). 150-Hour Preparation Improves CPA Exam Performance.  CPA Journal. 71 (3), 30-35.


Read, W. J. & Raghunandan, K. (2001). The state of audit committees.  Journal of Accountancy. 191 (5), 57-62.


Geiger, M. A. & Raghunandan, K. (2001). Bankruptcies, audit report and the reform act.  Auditing: A Journal of Practice and Theory. 20 (1), 187-195.


Raghunandan, K., Read, W. & Rama, D. (2001). Audit committee characteristics, gray directors, and interaction with internal auditing.  Accounting Horizons. 15 (2), 105-118.


Raghunandan, K. & Rama, D. (1999). Auditor resignations and the market for audit services.  Auditing: A Journal of Practice and Theory. 18 (1), 124-134.


Jones, F. & Raghunandan, K. (1998). Client Risk and Recent Changes in the Market for Audit Services.  Journal of Accounting and Public Policy. 17 (2), 169-181.


Scarbrough, D., Rama, D. & Raghunandan, K. (1998). Audit Committees' Interaction with Internal Auditing: Canadian Evidence.  Accounting Horizons. 12 (1), 51-62.


Read, W., Rama, D. & Raghunandan, K. (1998). Are Publication Requirements for Accounting Faculty Promotions Still Increasing?.  Issues in Accounting Education., 327-339.


Brown, C. & Raghunandan, K. (1997). Audit Quality in Audits of Federal Programs by Non-Federal Auditors: A Reply.  Accounting Horizons. 11 (1), 72-75.


Rama, D., Raghunandan, K., Logan, L. & Barkman, B. (1997). Gender Differences in the Publication Productivity of Promoted Faculty.  Issues in Accounting Education., 353-365.


McMullen, D., Raghunandan, K. & Rama, D. (1996). Internal Control Reporting and Financial Reporting Problems.  Accounting Horizons. 10 (4), 67-75.


Brown, C., Melchin, C. & Raghunandan, K. (1995). The 1994 revisions to government auditing standards.  CPA Journal. 65 (2), 32-35.


Brown, C. & Raghunandan, K. (1995). Audit Quality in Audits of Federal Programs by Non-Federal Auditors.  Accounting Horizons. 9 (3), 1-10.


Raghunandan, K. & Rama, D. (1995). Audit Reports for Companies in Financial Distress: Before and After SAS No. 59.  Auditing: A Journal of Practice and Theory. 14 (1), 50-63.


McHugh, J. & Raghunandan, K. (1994). Hiring and Firing The Chief Internal Auditor.  Internal Auditor., 34-39.


Ponemon, L. & Raghunandan, K. (1994). What is 'Substantial Doubt?'.  Accounting Horizons. 8 (2), 44-54.


Raghunandan, K. (1993). The Predictive Ability of Audit Qualifications for Loss Contingencies.  Contemporary Accounting Research. 9 (2), 612-634.


Raghunandan, K. & McHugh, J. (1993). Internal Auditors' Independence and Interactions with Audit Committees: Challenges of Form and Substance.  Advances in Accounting., 313-333.


Raghunandan, K., Grimlund, R. & Schepanski, A. (1991). Auditor Evaluation of Loss Contingencies.  Contemporary Accounting Research. 7 (2), 549-569.


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