AL (ALOKE) GHOSH
Distinguished Professor of Accounting 
[email protected]

EDUCATION

1989-1993 Tulane University, New Orleans, USA Ph.D. 
1987-1989 Tulane University, New Orleans, USA M.A. 
1987-1989 St. Xavier's College, India, B.B.A.

ACADEMIC EXPERIENCE

University of North Carolina at Charlotte, USA
2019-Present Distinguished Professor of Accounting, Turner School of Accountancy, Belk College of Business

Baruch College, City University of New York, USA
2006-2019 Full Professor, Department of Accountancy
2010-Present Stan Ross Fellow
1997-2006 Associate Professor
1993-1997 Assistant Professor


Hanken School of Economics, Helsinki, Finland
2018  Distinguished Research Fellow

Aalto University Business School, Helsinki, Finland
2016-2017 Fulbright Distinguished Chair 
2015-2016 Visiting Scholar 

NJIT, Newark, NJ, USA
2015-2017 Adjunct Professor, Executive Programs

Victoria University of Wellington, New Zealand
2014-2015 Visiting Scholar and Instructor

Tulane University, New Orleans, LA, USA
2013-2014 Adjunct Professor, Executive Programs

Columbia University, New York, NY, USA
2010-Present Adjunct Professor, Summer School and Continuing Education

Bocconi University, Milan, Italy
2010-Fall Visiting Professor, Department of Accountancy

U.S. Securities and Exchange Commission, Washington D.C., USA
2003-2005 Accounting Academic Fellow, Office of Economic Analysis

Emory University, Atlanta, GA, USA
1999-2000 Associate Professor, Goizueta School of Business

Tulane University, New Orleans, LA, USA
1992-1993 Adjunct Instructor, Department of Economics
1990-1992 Instructor, Department of Economics

ADMINISTRATIVE EXPERIENCE

Baruch College, City University of New York, NY 10010, USA
2008-2014 Director, Executive MS in Financial Statement Analysis
Zicklin School of Business

Baruch College, City University of New York, NY 10010, USA
2005-2011 Coordinator, Doctoral Program in Accountancy

PUBLICATIONS

1. “Accounting Losses as a Heuristic for Managerial Failure: Evidence from CEO Turnovers” (with Jun Wang), Journal of Financial and Quantitative Analysis, 2019, Vol. 54, No. 2, 877.

2. “Quasi Rents to Audit Firms from Longer Tenure” (with Subprasiri Siriviriyakul), Accounting Horizon, 2018, Vol. 32, No. 2, 81.

3. “Audit Quality of Chinese ADRs” (with Elisabeth Wagner Peltier and Cunyu Xing), The Accounting Horizons, 2017, Vol. 31, No. 2: 25-43.

4. “Audit Fee Differential, Audit Effort and Litigation Risk: An Examination of ADR Firms” (with Scott Bronson and Chris Hogan), Contemporary Accounting Research, 2017, Vol. 34, No. 1: 83-117.

5. “Cross-listed Bonds, Information Asymmetry, and Conservatism in Credit Ratings (with Yigit Atilgan, Meng Yan and Jieying Zhang), Journal of Money, Credit and Banking, 2015, Vol. 47, No. 5: 897-929.

6. “When the CEO is also the Chair of the Board” (with Christo Karuna), Journal of Management Accounting Research, 2015, Vol. 27, No. 2: 197-212.

7. “Auditor Resignations and Risk Factors” (with Charles Y. Tang), Accounting Horizon, 2015, Vol. 29, No. 3: 529-573.
8. “Financial Reporting Quality of Family Firms: The Auditors’ Perspective” (with Charles Y. Tang), Journal of Accounting and Economics, 2015, Vol. 60, Issue 1: 95-116.

9. “Pricing of Risky Initial Engagements,” (with Elisabeth Wagner Peltier and John Elliott), Auditing: A Journal of Practice and Theory, 2013, Vol. 32, Issue 4: 25-43.

10. “Explanations for Weak Stock Market Reactions Around Internal Control Disclosures,” (with Yong Gyu Lee), Journal of Business Finance and Accounting, 2013, Vol. 40, No. 3-4: 318–349.

11. “Corporate Boards, Audit Committees, and Earnings Management: Pre- and Post-SOX US Evidence,” (with Antonio Marra, and Doocheol Moon), Journal of Business Finance and Accounting, 2010, Vol. 37, Iss. 9/10: 1145-1176.

12. “The Effect of CEO Ownership on the Information Content of Reported Earnings,” (with Doocheol Moon), Review of Quantitative and Finance and Accounting, 2010, Vol. 35, No. 4: 393-410.

13. “Corporate Debt Financing and Earnings Quality,” (with Doocheol Moon), Journal of Business Finance and Accounting, 2010), Vol. 37, Iss. 5/6: 538-550.

14. “Asymmetric Valuation of Sustained Earnings Growth By Debt- and Equity Holders,” (with John Elliott, and Doocheol Moon), Review of Accounting Studies, 2010, Vol. 15, No. 4: 833-878.

15. “Audit and Non-audit Fees and Capital Market Perceptions,” (with Sanjay Kallapur and Doocheol Moon), Journal of Accounting and Public Policy, 2009, Vol. 28, Iss. 5: 369-383.

16. “Recent trends in Audit and Non-Audit Fees,” (with Robert Pawlewicz), Auditing: A Journal of Practice and Theory, 2009, Vol. 28, Iss. 2: 171-199.

17. “Pricing of Initial Audit Engagement,” (with Steven Lustgarten), Contemporary Accounting Research, 2006, Vol. 23: 333-368.

18. “Equity Ownership Structure and Discretionary Investments,” (with Doocheol Moon and Kishore Tandon), Journal of Business Finance and Accounting, 2005, Vol. 34: 819-839.

19. “Auditor Tenure and Perceptions of Audit Quality,” (with Doocheol Moon), The Accounting Review, 2005, Vol. 20: 585-612.

20. “Sustained Earnings and Revenue Growth, Earnings Quality, and Earnings Response Coefficients,” (with Zhaoyang Gu and Prem C. Jain), Review of Accounting Studies, 2010, Vol. 10: 33-57.

21. “Increasing Market Share as a Rationale For Corporate Acquisitions,” Journal of Business Finance and Accounting, 2004, Vol. 31: 209-247.

22. “Does Operating Performance Really Improve Following Corporate Acquisitions,” Journal of Corporate Finance, 2001, Vol. 7: 151-178.

23. “Financial Leverage Changes Associated with Corporate Mergers,” (with Prem C. Jain), Journal of Corporate Finance, 2000, Vol. 6: 377-402.

24. “Abnormal Returns and Expected Managerial Performance of Target Firms,” (with Chi- Wen Jevons Lee), Financial Management, 2000, Vol. 29: 40-52.

25. “Managerial Ownership, the Method of Payment for Acquisitions, and Executive Job Retention,” (with William Ruland), Journal of Finance, 1998, Vol. 23: 785-798.

26. “Market Valuation of Interest Cost-Savings from Debt Refinancing,” (with Steven Lilien, and Steven Lim), Journal of Financial Statement Analysis, 1998, Vol. 4: 58-66.

27. “Conglomerate Mergers and Income Smoothing,” (with Sudipta Basu), Journal of Accounting and Finance Research, 1997: 1-29.

28. “Following the Money: The Enron Failure and the State of Corporate Disclosure” by George Benston, Michael Bromwich, Robert Litan, and Alfred Wagenhofer, Book Review in European Accounting Review, 2004, Vol. 23: 585-588.

29. “Bounded Rationality and Economic Evolution: A Contribution to Decision Making, Economics and Management,” by Clem Tisdell, Book Review in Business and the Contemporary World, 1997, Vol. 9: 515-517.

30. "Valuation of Gains from Mergers: Sources and Estimation of these Gains from Disciplinary Takeovers and Different Tax Related Issues," Ph.D. Thesis (1993), UMI Dissertation Services, Ann Arbor, MI.

PAPERS UNDER REVIEW

31. “Audit Quality Associated with Complex Accounting Estimates” (with Cunyi Xing), submitted to Contemporary Accounting Research.
32. “Do Bank Regulation and Supervision Displace Bank Auditing?” (Henry Jarva and Stephen Ryan), submitted to AOS
33. “Changes in Accounting Estimates: Earnings Management or Underlying Reality” (with Subprasiri Siriviriyakul), submitted to Journal of Accounting Research

WORK-IN-PROGRESS

• “Internal Control Disclosures and Long term Stock Performance” (with Seppo Ikaheimo, Emma-Rikka Myllymaki, Jukka Sihvonen) 
• ““Financial Reporting and Audit Quality of Investment Companies” (with Yabing Tang)
• “FCPA violations and auditors” (with Mike Chin and Li Zhang) 
• “Auditing and Governance in an International Setting” (with Seppo Ikaheimo and Teemu Malmi)
• “Audit Quality Following Hedge Fund Activism” (with Jane Felicity and Amy Sheeneman)
• “Do Goodwill Impairments Influence Auditor-Client Relationship (with Cunyi Xing)
• Goodwill Impairments and CEO Turnover (with Armen Hovakimian and Hannah Hu)

PRESENTATIONS

2019 UNC Charlotte, Charlotte, NC
2018 Monash University, Melbourne, Australia
2018 4th Telfer Annual Conference on Accounting & Finance, University of Ottawa, CA
2018 Hanken School of Economics, Helsinki, Finland 
2017 Norwegian School of Economics, Bergen, Norway 
2017 Indian School of Business, Hyderabad, India 
2017 University of Groningen, Accounting Department, Netherlands 
2017 Aarhus Business School, Aarhus, Denmark 
2017 Swedish School of Economics, Stockholm, Sweden 
2016 Technische Universität Darmstadt, Darmstadt, Germany
2016 Lancaster School of Business, Lancaster, UK
2016 Copenhagen School of Business, Copenhagen, Denmark
2016 Cambridge Business School, Cambridge, UK
2016 INSEAD, Fontainebleau, France
2016 London School of Economics, London, UK
2016 UTS Business School, Sydney, Australia
2015 Oklahoma University, Norman, OK
2015 Aalto University Business School, Helsinki, Finland
2015 American Accounting Association Annual Meetings, Chicago, IL
2014 Loyola University, Quinlan Business School, Chicago
2014 Auckland University of Technology, Auckland, New Zealand
2014 Victoria University of Wellington, Wellington, New Zealand
2014 Bank of New York Mellon, New York, NY
2013 University of Florence, Accounting Department, Florence, Italy
2013 Temple University, Fox School of Business, Philadelphia
2012 Yonsei Business School, Seoul, South Korea
2012 Public Company Accounting Oversight Board, Washington D.C.
2011 American Accounting Association Annual Meetings, Denver, Colorado
2010 University of Bocconi, Department of Accountancy, Milan, Italy
2010 University of Bern, Department of Accountancy, Bern, Switzerland
2010 HEC, Lauzanne, Department of Accountancy, Lauzanne, Switzerland
2010 Southwestern University of Finance and Economics, Chengdu, China
2009 Bocconi University, Milan, Italy
2009 American Accounting Association Annual Meetings, New York
2008 Joint Symposium held by AJPT and J-PJAE, Hong Kong
2008 University of Illinois Auditing Conference
2008 American Accounting Association Annual Meetings, Los Angeles
2007 Accountancy Workshop, Baruch College
2007 Machester Business School, Manchester, U.K.
2006 American Accounting Association Annual Meetings
2006 Corporate Governance Conference, Spain
2005 Quantitative Equity Research Conference (QRG), New York
2004 American Accounting Association Annual Meetings
2003 Financial Management Association Annual Meetings
2003 JBFA Conference on Capital Markets, Lake District, UK.
2003 OEA, Securities and Exchange Commission, Washington D.C.
2002 Business School, Rutgers University, Newark, NJ
2000 Graduate School of Business, University of Chicago
2000 Goizueta Business School, Emory University
1999 FMA European Conference, Barcelona, Spain.
1998 European Finance Association Meetings in Fontainbleau, France,
1998 Freeman School of Business, Tulane University.
1997 American Academy of Accounting and Finance Meetings.
1996 European Finance Association at Oslo, Norway.
1995 Annual American Accounting Association Meetings
1995 European Financial Management Association in London, England,
1994 Financial Management Association Conference
1994 Western Social Science Association Annual Conference
1993 University of Kansas Accounting Workshop,
1993 Baruch College Workshop.

HONORS, PRIZES, FELLOWSHIPS

2018 Invited speaker in the 4th Telfer Annual Conference on Accounting & Finance 
2018 Keynote Speaker, Annual Accounting Conference, Hanken School of Economics
2016 Aalto University Fulbright Distinguished Chair 2016-2017
2016 Nominated for Presidential Excellence Award for Distinguished Teaching 
2015 Nominated for Presidential Excellence Award for Distinguished Teaching
2014 CFA Program Partner Research Award
http://www.baruch.cuny.edu/news/AlokeGhoshReceivesAward.htm
2014 Nominated for Presidential Excellence Award for Distinguished Teaching
2014 CFA Program Partner Research Award 
2012 Invited to the PCAOB Public Meeting On Auditor Independence and Audit
Firm Rotation
2010-2013 Stan Ross Fellow
1998-2002 Zicklin Fellowship in Accountancy
2001 Trueblood Seminar for Professors, Deloitte and Touche, AZ
2001 International Study Abroad to China, Executive MBA, Baruch College
1998 Teaching Excellence Award, Beta, Alpha, Psi.
1998 Nominated for Presidential Excellence Award for Distinguished Teaching
1998 International Study Abroad to Europe, Executive MBA, Baruch College
1997 Teaching Excellence Award, Zicklin School of Business, Baruch College
1994 Twelfth Annual New Faculty Consortium, AAA & Arthur Anderson
1992 Twenty Second Annual Doctoral Consortium, AAA
1990-1992 Murphy Institute Fellowship
1994-20015 PSC-CUNY grant

UNIVERSITY SERVICE

2008-2014 Academic Director, Executive M.S. in Financial Statement Analysis
2007 Developed a New M.S. Program in Financial Statement Analysis
2005-2011 Coordinator of the Doctoral Program in Accountancy
2005-2014 Executive Committee, Stan Ross Department of Accountancy
2008-2010 Executive Committee, Zicklin School of Business
2007 Developed Financial Accounting Course (ACC9812)
2005-2007 Coordinator of intermediate accounting
2007 Developed New Courses in Financial Statement Analysis
2007-2013 Graduate Curriculum Committee, Zicklin School of Business
1995-2001 Graduate Curriculum Committee, Zicklin School of Business
1994-1998 Undergraduate Curriculum Committee, Zicklin School of Business
1997-Present Doctoral Faculty, Graduate Center, City University of New York

MEDIA AND PRESS

Accounting Horizon Article (Forthcoming) “Quasi Rents to Audit Firms from Longer Tenure”
• AAA Press Release: Ben Hamowitz
http://aaahq.org/Outreach/Newsroom/Press-Releases/5-21-18-As-lengthy-tenures-with-clients-boost
• CPA Practice Advisor 
http://www.cpapracticeadvisor.com/news/12413456/lengthy-tenures-boost-big-4-profits-but-what-is-effect-on-auditor-independence
• CFO Magazine 
http://ww2.cfo.com/auditing/2018/05/do-big-four-auditors-unfairly-raise-fees/
• Economia
https://economia.icaew.com/en/news/may-2018/big-four-in-us-use-lucrative-audit-fee-structure
• Accounting Today
https://www.accountingtoday.com/news/big-four-audit-firms-increase-fees-as-tenure-grows
• JD Supra
https://www.jdsupra.com/legalnews/blog-will-the-call-for-mandatory-audit-18756/
• Financial Times (Agenda)
A special subscription based report for Audit Committee members

Fulbright Distinguished Chair 
• http://www.baruch.cuny.edu/aloke-ghosh-fulbright.htm

• http://www.baruch.cuny.edu/campusstories/facultyspotlight/FulbrightFacultySpantheGlobe.htm?utm_source=Fullbright-Slider&utm_medium=website&utm_campaign=Sliders

• http://www1.cuny.edu/mu/forum/2016/04/25/springtime-2016-faculty-grants-honors/

• http://www.baruch.cuny.edu/campusstories/facultyspotlight/al-ghosh.html

• https://patch.com/new-jersey/chatham/chatham-professor-earns-distinguished-fulbright-award-0

Personal Blog 
• http://alokeghosh.com/

Financial Executive International (February 21, 2015)
• http://daily.financialexecutives.org/family-firm-financial-reporting-cheaper-better/

Bloomberg (January 2, 2013)
• http://www.forbes.com/sites/baldwin/2013/01/02/these-stocks-sidestep-sarbanes-oxley-idiocies/

The Finance Post (July 17, 2011) 
• http://post.nyssa.org/nyssa-news/2011/05/do-ceos-get-penalized-for-reporting-losses.html

The Public Company Oversight Board (March 22, 2012) 
• http://pcaobus.org/News/Webcasts/Pages/03212012_PublicMeeting.aspx

PROFESSIONAL ACTIVITIES

Editorial Board
Accounting and Business Research
o http://www.tandfonline.com/action/journalInformation?show=editorialBoard&journalCode=rabr20 
Quarterly Journal of Finance and Accounting

Ad-hoc Reviewer
Accounting Review
Contemporary Accounting Research
Journal of Accounting and Public Policy
Journal of Business Finance and Accounting
Journal of Finance
Journal of Corporate Finance
Auditing: A Journal of Practice and Theory
Journal of Business Finance and Accounting

TEACHING

Graduate Programs
Financial Statement Analysis
Intermediate Accounting
Advanced Accounting
Auditing
Financial Accounting
Valuation

Executive Programs
Zicklin School of Business, Baruch College
Columbia University
Tulane University

CONSULTING

Corporate Training Programs
NYSE-Euronext, 11 Wall Street, New York, NY
Cadogan LLC
Indian Institute of Management, Bangalore, India
Bloomberg
EAG Consulting

Consultant
Gerson Lehrman, USA
Rosenfarb LLC
Partners CPA, Milan, Italy
Gradient Analytics, USA
KPMG, USA
EAG Consulting

Expert Witness

Board of Director (Independent Trustee)
Centre Funds (http://www.centrefunds.com/fund-trustees.php)
Centre American Select Equity Fund
Centre Global Select Equity Fund
Centre Active U.S. Treasury Fund
Centre Active U.S. Tax Exempt Fund
Centre Multi-Asset Real Return Fund

Audit Committee Chair
Centre Funds (http://www.centrefunds.com/fund-trustees.php)
Centre American Select Equity Fund
Centre Global Select Equity Fund
Centre Active U.S. Treasury Fund
Centre Active U.S. Tax Exempt Fund
Centre Multi-Asset Real Return Fund

Rosenfarb Forensic Accounting and Valuation Experts
http://www.rosenfarb.com/person/al-ghosh-phd/