Ehsan H. Feroz, Ph.D., CFE, CGFM

Professor ; Graduate Faculty
Feroz, Ehsan H.

Contact information

Dept: Milgard School of Business
Room: DOU 301F
Phone: 253-692-4728


  • Ph.D., University of Chicago, 1982.
  • M.A., Carleton University, 1978.


Ehsan H. Feroz is Professor of Accounting at the Milgard School of Business of the University of Washington, Tacoma (2005 to the present). He previously taught accounting at the University of Minnesota, Minneapolis and Duluth; Baruch College of the City University of New York; and the State University of New York at Buffalo. His teaching interests are mainly in the areas of financial accounting, forensic accounting, international accounting, financial statement analysis, and management control systems. In addition to serving several thousands of students in classrooms, Dr. Feroz has formally supervised seven doctoral students as a member of their dissertation or comprehensive examination committees, 28 master's students as supervisors of their MBA/MS/MAcc theses or field projects, and 12 Undergraduate Research projects including a Global Honors Thesis. His supervisees have been placed with national and international auditing firms, corporations, and major research universities.

Feroz currently serves as a Co-Editor of the International Journal of Accounting published from the University of Illinios at Urbana-Champaign, IL (2008 -present). He served on the U.S. Comptroller General's Advisory Council on Government Auditing Standards for three consecutive terms (2002-2009).

Dr. Feroz video link

Dr. Feroz slideshow link

Professor Feroz's current research interests are in the areas of detection and prevention of fraudulent financial reporting, performance measurement in corporate and non-profit governance, and productivity growth accounting. Feroz's published papers have appeared in top tier refereed academic journals such as The Accounting Review ; Journal of Accounting Research ; Accounting, Organizations, and Society ; Accounting Horizons ; Journal of Business Finance and Accounting ; Journal of the Operational Research Society ; and IEEE Transactions.

Dr. Feroz published several lead articles that impacted the disciplinary thought processes through numerous academic follow-up studies (citations) in accounting and finance, practice, and subsequent legislative enactments. Especially, the Sarbanes-Oxley Act of 2002, Section 704 Study of Enforcement Actions was predated by the seminal findings of Feroz, Park and Pastena, "The Financial and Market Effects of the SEC's Accounting and Auditing Enforcement Releases, "Journal of Accounting Research, Vol 29, Supplement 1991, pp. 107-142.

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  • SEC Enforcement Actions (AAERs)
  • Certified Fraud Examiner (CFE)
  • FASB/GASB Standards Setting
  • Certified Government Financial Manager (CGFM)
  • International Accounting and Development
  • Microfinance and Poverty Alleviation (Grameen Bank)

Selected Publications

Dr. Feroz's papers are available for download at

  • The Long Term Performance and Failure Risks of Firms Cited in the U.S. SEC's Accounting and Auditing Enforcement Release (with F. Leng, J. Cao and S. Davalos) Journal of Business Finance and Accounting, 2012, Vol. 38, Issue 7-8, pp.360-388.
  • A Productivity Growth Accounting Approach to the Ranking of Developing and Developed Nations, (with R. Raab), The International Journal of Accounting, Vol. 4, 2007, pp. 396-415. Erratum, Vol. 45, 2010, p. 269.
  • Global warming and environmental production efficiency ranking of the Kyoto Protocol nations, (with R. Raab, G. Ulleberg, and K. Alsharif), Journal of Environmental Management, 2008, pp. 1-6.
  • Analytical Procedures: A Data Envelopment Analysis Approach (with S. Kim and R. Raab), Journal of Emerging Technologies in Accounting, Vol. 2, 2005, pp. 17-31.
  • Financial Statement Analysis: A Data Envelopment Analysis Approach (with S. Kim and R. Raab), Journal of the Operational Research Society, January 2003, Vol. 54, No.1, pp. 48-58.
  • Institutional Theory and Accounting Rule Choice: An Analysis of the Four US State Governments' Decisions to Adopt Generally Accepted Accounting Principles (with V. Carpenter) Accounting, Organizations and Society, October 2001, Vol. 26, pp. 565-596 (lead article).
  • The Efficacy of Red Flags in Predicting the SEC's Investigation Targets: An Artificial Neural Networks Approach (with T. Kwon, V. Pastena, and K. Park), International Journal of Intelligent Systems in Accounting, Finance, and Management September 2000, Vol. 9, No. 3, pp. 145-157 (lead article).
  • The Occurrence of Fibonacci Numbers in Time Series of Financial Accounting Ratios: Anomalies or Indicators of Firm Survival, Bankruptcy and Fraud? (with A. Amershi), Managerial Finance, 2000, Vol. 26, No. 11, pp. 5-20 (lead article).
  • A Multilayered Perceptron (MLP) Approach to Prediction of the SEC's Investigation Targets (with T. Kwon), IEEE Transactions on Neural Networks, Vol. 7, No. 5, September 1996, pp. 1286-1290.
  • Market Segmentation and the Association Between Municipal Financial Disclosure and Net Interest costs (with E. R. Wilson), The Accounting Review, July 1992, pp. 480-495.
  • GAAP as a Symbol of Legitimacy: New York State's Decision to Adopt Generally Accepted Accounting Principles for External Financial Reporting (with V. Carpenter), Accounting, Organizations and Society, October, 1992, Vol. 17, No. 7 pp. 613-643 (lead article).
  • The Financial and Market Effects of the SEC Accounting and Auditing Enforcement Releases (with K. Park and V. Pastena), Journal of Accounting Research (Supplement, Spring 1991), pp. 107-142.

Current Research

  • SEC Enforcement Actions and its impact on Risk Profile of Firms
  • Corporate Governance Changes in the Post SEC Enforcement Period
  • Financial Forensics

Honors and Awards

  • Co-Editor of the Special Issue on the Innovative Applications of Data Envelopment Analysis to Accounting and Finance, Review of Accounting and Finance, Vol. 12, No. 4, 2013.
  • U.S. Association of Government Accountants' (AGA) 2010 Cornelius Tierney/Ernst & Young Research Award formally recognizing "individuals who throughout their careers (minimum of 15 years) have made continuous contributions to governmental financial management by their direct participation in research activities..."
  • One of "The Ten Most Cited Papers in the Journal of Emerging Technologies in Accounting: The First Five Years" Journal of Emerging Technologies in Accounting: (AAA), Vol. 6, 2009, pp. 1-3.
  • 33 papers on the Social Science Research Network's (SSRN) 'Top Ten' lists including 31 which are on the "All Time Hits" lists. Seven of these papers were also at the top of their respective lists.
  • Among the top 20% of accounting authors publishing in the top five accounting journals over the past half a century: 1959-2008. (
  • Who's who among America's Teachers, 2007.
  • Emerald Literati Network 2006 "Highly Commended Award" for the co-authored paper, "Performance Measurement in Corporate Governance: Do Mergers Improve Managerial Performance in the Post-Merger Period," (with S. Kim and R. Raab), Review of Accounting and Finance, 4(3), 2005, pp. 86-100.
  • US Comptroller General's Certificate of Commendation for dedicated services on the Comptroller General's Advisory Council, 2005
  • Profiled in the One Thousand Great Americans (2005).
  • Honorary member, Beta Gamma Sigma, University of Minnesota, Duluth Chapter, inducted in 2002.
  • Special Project Associate of the Vice Chancellor of UMD (one faculty per year was chosen for this leadership position), 1995
  • Invited participant, Journal of Accounting Research Conference, 1991.
  • Honorary member, Beta Alpha Psi, State University of New York at Buffalo Chapter, inducted in 1985.
  • Invited Guest of the Institute at the Center of International Studies, Massachusetts Institute of Technology, July through September, 1979.


  • American Accounting Association, Sarasota, Florida (Life membership).
  • Association of Government Accountants, Alexandria, Virginia (1996 - present).
  • Association of Certified Fraud Examiners, Austin, Texas (1997 - present).

Professional Service

    Editorial/Review Board Memberships

    • 1998-present - The International Journal of Accounting (U. Illinois Urbana-Champaign)
    • 2001-present - Review of Accounting and Finance (U. Illinois Chicago/SDSU)
    • 1996-1999 - Research in Governmental and Nonprofit Accounting (U. Georgia/JMU)
    • 2008 - present-International Journal of Managerial and Financial Accounting.

    Ad hoc reviewer for academic journals

  • The Accounting Review (AAA)
  • Auditing: A Journal of Practice and Theory (AAA)
  • Issues in Accounting Education (AAA)
  • International Journal of Intelligent Systems in Accounting, Finance and Management (USC)
  • Journal of Accounting Auditing, and Finance (NYU)
  • Journal of Accounting and Public Policy (U. Maryland)
  • Advances in Public Interest Accounting (CUNY Baruch)
  • Critical Perspectives in Accounting (CUNY Baruch/U. Alberta)

External reviewer of promotion and tenure dossiers

  • State University of New York at Albany, associate professor of accounting, 2012
  • Rutgers U. Camden, full professor of accounting, 2009
  • Syracuse U. (Ph.D. granting), full professor of accounting, 2005
  • McMaster U. (Ph. D granting), two dossiers for full professors of accounting, 2005
  • Temple U. (Ph.D. granting), associate professor of accounting, 2002
  • Kent State U. (Ph.D. granting), full professor of accounting, 2001
  • Rutgers U. Camden, associate professor of accounting, 2000
  • Indiana U. Northwest, associate professor of accounting, 1997
  • U. Michigan, Flint, associate professor of finance, 1994