Faculty and Research

Expert Guide

Kannan Raghunandan

Kannan Raghunandan

Ryder Business Leader E Chair

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

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 is the author of three Computer-Assisted Instructional software packages in the areas of financial and managerial accounting.

Raghu’s research interests have spanned audit opinions, internal auditing, and corporate governance. He has multiple publications in each of the following premier accounting and auditing journals: Journal of Accounting Research, Contemporary Accounting Research, Auditing: A Journal of Practice and Theory, 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 recent research has been cited in testimony before the U.S. Senate (the post-Enron hearings) and he has served as a consultant to the U.S. General Accounting Office.

Raghu was an Associate Editor of Auditing: A Journal of Practice and Theory from 2003 to 2005. He serves (or has served) on the Editorial Boards or as reviewer of many other journals including The Accounting Review, Contemporary Accounting Research, Journal of Accounting Auditing & Finance, Journal of Accounting & Public Policy, Accounting Horizons, and Issues in Accounting Education.

Courses Taught

  • Accounting for Decisions
  • Accounting for Managers
  • 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
  • Value Added Accounting Practices in Strategic Business

Refereed Journal Articles

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.


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). Audit fees at U.S. Non-profit organizations.  Auditing: A Journal of Practice and Theory. 28 (2), 289-303.


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.


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


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.


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.


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.


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


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.


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


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.


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


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.


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.


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


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.


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.


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.


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


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.


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.


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


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). Audit Reports in the New Litigation Environment.  Accounting Horizons. 16 (1), 17-26.


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


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.


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


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


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.


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


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


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


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


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


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


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


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