Parveen Gupta Named Academic Accounting Fellow for SEC Division of Corporation Finance

FOR IMMEDIATE RELEASE
2006-113

Washington, D.C., July 11, 2006 - The Securities and Exchange Commission's Division of Corporation Finance today announced the selection of Parveen P. Gupta as the academic accounting fellow for a one-year term beginning in August 2006. Parveen is the Frank L. Magee Distinguished Associate Professor of Accounting at Lehigh University and teaches corporate governance, risk management, financial accounting and valuation related courses in graduate business programs.

Gupta earned a B.Com. with honors in accounting and a law degree from the University of Delhi in India, an MBA from the University of Connecticut with a dual concentration in accounting and finance, and a Ph.D. from Penn State University. Parveen's work experience includes a broad spectrum of accounting and auditing areas. Prior to entering academia in 1987, Parveen worked as an auditor and an accounting manager in India with various conglomerates. His project-based experience includes working with numerous US-based manufacturing, financial services, energy industry clients and big four public accounting firms in related areas. His current research focuses on investigation of corporate governance practices on financial disclosures and firm performance, the impact of enterprise-wide risk management on a firm's cost of capital, information content of control deficiency disclosures under the Sarbanes-Oxley Act of 2002, and capital market's reaction to such disclosures in terms of impact on a firm's stock price, bid-ask spreads, etc. His publications have appeared in the International Journal of Disclosure and Governance, International Journal of Accounting, Accounting, Organizations and Society, Behavioral Research in Accounting, Journal of Accountancy, Internal Auditor, Organization Science, and Administrative Science Quarterly, among others. He is also the author or co-author of numerous research monographs and books. His most recent book titled Sarbanes-Oxley: a Practical Guide to Implementation Challenges and Global Response studies a number of issues related to the internal control certifications under Sections 302 and 404.

While at the Commission, the academic accounting fellow addresses issues involving difficult and unusual accounting, auditing, and financial reporting questions; reviews filings by public companies to identify significant accounting and disclosure problems; and participates in research projects pertaining to current financial reporting issues.

Andrew McLelland, the outgoing academic fellow, will return to Auburn University as an Assistant Professor in the School of Accountancy.

http://www.sec.gov/news/press/2006/2006-113.htm